X.AI: The new AI company founded by Elon Musk

Nevada is where the company was incorporated.

According to a report by The Wall Street Journal, Elon Musk has founded a new company dedicated to artificial intelligence, named X.AI. Musk is listed as the director, and Jared Birchall, the director of Musk's family office, is the secretary. The incorporation of the business was indicated in a Nevada filing obtained by The Verge, which shows that it was incorporated on March 9th, 2023.

There have been rumors for days about Musk starting up an AI company, with reports that he had purchased thousands of graphic processing units (GPUs) to power an upcoming generative AI product. The Financial Times reported that Musk planned to create an AI firm to compete with Microsoft-backed OpenAI. Musk even sought funding from SpaceX and Tesla investors to get the company started.

In an interview on Twitter Spaces, Musk did not mention his plans to build an AI company when asked about the GPUs he purchased, stating that "it seems like everyone and their dog is buying GPUs at this point." The X.AI name matches the branding of the X Corp. name he has assigned to Twitter, along with the "X" label he's applied to his vision of an "everything app."

Musk has been openly opposed to OpenAI, the AI organization he co-founded in 2015 but walked away from in 2018. He recently signed a letter calling for a pause on "giant AI experiments." In recent months, OpenAI has become a well-known name on the backs of technology like ChatGPT and GPT-4 and is partially responsible for Microsoft and Google's current push to integrate AI tools more deeply into many of its products.