Elon Musk Launches New AI Outfit, is This ChatGPT’s Competitor?

Elon Musk, the vocal Chief Executive Officer of Electric Vehicle maker Tesla Inc and Twitter’s Chairman has announced the launch of his latest Artificial Intelligence (AI) based outfit – XAI.

Potential Motivation Behind XAI

Elon Musk is a man that is hard to predict and as an innovator and entrepreneur, creating new companies or outfits comes off as more of a hobby for him. Potentially named to bear the X Corp identity in part, Elon Musk shared the official Twitter handle of the new outfit, adding a little caption that it will work to “Understand Reality.”

Announcing formation of @xAI to understand reality

— Elon Musk (@elonmusk) July 12, 2023

Elon Musk was one of the founding fathers of OpenAI, the tech startup that is behind the now-popular ChatGPT chatbot. OpenAI started as a non-profit but soon changed its focus and now monetizes its invention which to date is one of the most revolutionary Artificial Intelligence products launched for digital consumers.

While the emergence of XAI had been teased earlier, it remains unclear whether the startup will be operated as a not-for-profit or a coalition of innovators. However, the seriousness of the platform introduction can be gleaned from the fact that its associated Twitter account comes with the Yellow verification badge, designated for certified companies.

The XAI account which was created as recently as May this year already has more than 102,000 followers at the time of writing and the growing speculation is that it will churn out inventions that may likely rival ChatGPT in the long term.

The Elon Musk Uniqueness

Known as one of the most influential figures that helps shape the evolution of top crypto tokens including Dogecoin (DOGE), Elon Musk is known as one of the innovators of our time with a mind of his own.

While being the CEO of Tesla, he also co-founded SpaceX, The Boring Company, and Neuralink amongst others. Though many investors in his portfolio companies have criticized him for handling too much, he has continued to defy the norm with his strategic acquisitions and new engagements.

While the world awaits what XAI will churn out, stakeholders in the crypto ecosystem including Kraken have identified with the company with the expectation that it can join the push to help change the world.