Why Elon Musk founds new AI company called X.AI?

Elon Musk has created a new company dedicated to artificial intelligence — and it’s called X.AI, as first reported by The Wall Street Journal.
The company, which a Nevada filing indicates was incorporated last month, currently has Musk as its director and Jared Birchall, the director of Musk’s family office, listed as its secretary.

The filing, which The Verge has also obtained, indicates that Musk incorporated the business on March 9th, 2023.
What is X.ai?
With x.ai, you have full control over your schedule and productivity. Create a new meeting by filling out a simple form, pressing ‘schedule,’ and you’re all set! Your scheduling assistant, Amy, will negotiate with your guests and find a time that works for you and all other attendees.

x.ai is a productivity tool powered by artificial intelligence that lets you schedule meetings effortlessly. With x.ai, you can automate the most tedious parts of scheduling — things like finding compatible times to meet with large groups, sending follow-ups and reminders, as well as managing cancellations and reschedule requests. It was founded in2014 and is headquartered in New York, United States.

Rumors about Musk starting up an AI company have been floating around for days, with a report from Business Insider revealing that Musk had purchased thousands of graphic processing units (GPUs) to power an upcoming generative AI product. The Financial Times similarly reported that Musk planned to create an AI firm to compete with the Microsoft-backed OpenAI. Musk even reportedly sought funding from SpaceX and Tesla investors to get the company started.

The Tesla chief executive had been linked to discussions about creating a new research lab with those in the field including Igor Babuschkin, a former employee at Alphabet’s DeepMind, according to the tech website the Information.

Mr Musk helped start OpenAI in 2015 and served as as co-chair along with Sam Altman, who is OpenAI’s current chief executive officer.

At the time, OpenAI’s goal was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.” Mr Musk left OpenAI’s board in 2018 and has since criticised the organisation, which created a for-profit arm in 2019.