Elon Musk, the technology billionaire and dogecoin (DOGE) supporter has reportedly incorporated a new artificial intelligence (AI) firm called X.AI Corp. in Nevada, United States.
The company, established on March 9, has Musk as its director and Jared Birchall, Musk’s family office director; as secretary. According to the company’s articles of incorporation, the sale of 100m shares has already been approved.
Speculations about the new AI company
The news comes after days of speculation that Musk was planning to launch an AI company. A series of actions by the billionaire founder fueled these rumors. Per a Wall Street Journal report, Musk recently hired several AI specialists, including Manuel Kroiss and former DeepMind researcher, Igor Babuschkin.
Earlier on, he also reportedly bought 10,000 graphic processing units (GPUs) to launch an AI product for Twitter, a social media company he owns. There were further reports that Musk had requested SpaceX and Tesla investors for funds to launch the business.
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