Elon Musk, the world renowned entrepreneur, has once again decided to enter a new domain, this time Artificial Intelligence (AI). His new venture, X.AI, has been established with the ambition of taking down OpenAI’s ChatGPT and allowing AI to revolutionize the customer interactions and automate tedious tasks. Hence, Musk has hired a team of AI researchers, gained the necessary graphics processing units, and is in contact with investors to finance the undertaking.
His move into the AI market is not entirely unexpected due to his success in impacting the automotive and aeronautics industry with Tesla and SpaceX. It appears that Musk has recognised the potential of AI in transforming numerous industries and intends to be at the forefront of this transformation.
However, his criticism of OpenAI, which started as a non-profit enterprise with the moral aim of advanced AI research, has raised some doubts. OpenAI has recently become a commercial organisation, which could possibly lead to a lack of ethical considerations in the AI market. Musk’s backing of the petition calling for development in AI to be paused, reflects his conviction in the potential risks posed by AI.
X.AI is an important addition to Elon Musk’s comprehensive portfolio. While it has taken on a huge challenge in outcompeting ChatGPT, this renowned entrepreneur has the competences to back up his project and the ambition to succeed. Furthermore, the focus on ethical considerations and the risk management strategies will be especially interesting to observe once the venture is released.
