Elon Musk forms X.AI artificial intelligence company / Photo: JIM WATSON - AFP/File
-
UK economy slows, hitting government growth plans
-
Primary schools empty as smog persists in Indian capital
-
Palestinians turn to local soda in boycott of Israel-linked goods
-
Typhoon Man-yi bears down on Philippines still reeling from Usagi
-
UK growth slows in third quarter, dealing blow to Labour government
-
Chris Wood hits quickfire double in NZ World Cup qualifying romp
-
Markets struggle at end of tough week
-
China tests building Moon base with lunar soil bricks
-
Film's 'search for Palestine' takes centre stage at Cairo festival
-
Oil execs work COP29 as NGOs slam lobbyist presence
-
Gore says climate progress 'won't slow much' because of Trump
-
'Megaquake' warning hits Japan's growth
-
Stiff business: Berlin startup will freeze your corpse for monthly fee
-
Wars, looming Trump reign set to dominate G20 summit
-
Xi, Biden attend Asia-Pacific summit, prepare to meet
-
Kyrgios to make competitive return at Brisbane next month after injuries
-
Dominican Juan Luis Guerra triumphs at 25th annual Latin Grammys
-
Landslide win for Sri Lanka president's leftist coalition in snap polls
-
Australian World Cup penalty hero Vine takes mental health break
-
As Philippines picks up from Usagi, a fresh storm bears down
-
Tropical Storm Sara pounds Honduras with heavy rain
-
Pepi gives Pochettino win for USA in Jamaica
-
'Hell to heaven' as China reignite World Cup hopes with late winner
-
Rebel attacks keep Indian-run Kashmir on the boil
-
New Zealand challenge 'immense but fantastic' for France
-
Under pressure England boss Borthwick in Springboks' spotlight
-
All Blacks plan to nullify 'freakish' Dupont, says Lienert-Brown
-
TikTok makes AI driven ad tool available globally
-
Japan growth slows as new PM readies stimulus
-
China retail sales pick up speed, beat forecasts in October
-
Asian markets fluctuate at end of tough week
-
Gay, trans people voicing -- and sometimes screaming -- Trump concerns
-
Argentina fall in Paraguay, Brazil held in Venezuela
-
N. Korean leader orders 'mass production' of attack drones
-
Pakistan's policies hazy as it fights smog
-
Nature pays price for war in Israel's north
-
New Zealand's prolific Williamson back for England Test series
-
Mexico City youth grapple with growing housing crisis
-
After Trump's victory, US election falsehoods shift left
-
Cracks deepen in Canada's pro-immigration 'consensus'
-
Xi inaugurates South America's first Chinese-funded port in Peru
-
Tyson slaps Paul in final face-off before Netflix bout
-
England wrap-up T20 series win over West Indies
-
Stewards intervene to stop Israel, France football fans clash at Paris match
-
Special counsel hits pause on Trump documents case
-
Japan's Princess Mikasa, great aunt to emperor, dies aged 101
-
Cricket at 2028 Olympics could be held outside Los Angeles
-
Trump names vaccine skeptic RFK Jr. to head health dept
-
Ye claims 'Jews' controlling Kardashian clan: lawsuit
-
Japan into BJK Cup quarter-finals as Slovakia stun USA
NYSE - LSE
| RBGPF | 100% | 61.84 | $ | |
| CMSC | -0.24% | 24.55 | $ | |
| RYCEF | -4.71% | 6.79 | $ | |
| CMSD | -0.02% | 24.725 | $ | |
| JRI | -0.23% | 13.21 | $ | |
| SCS | -0.75% | 13.27 | $ | |
| NGG | 0.4% | 62.37 | $ | |
| BCC | -1.57% | 140.35 | $ | |
| RELX | -0.37% | 45.95 | $ | |
| RIO | -0.31% | 60.43 | $ | |
| GSK | -2.09% | 34.39 | $ | |
| BCE | -1.38% | 26.84 | $ | |
| VOD | -0.81% | 8.68 | $ | |
| BP | 1.65% | 29.05 | $ | |
| BTI | 0.2% | 35.49 | $ | |
| AZN | -0.38% | 65.04 | $ |
Elon Musk forms X.AI artificial intelligence company
Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday.
Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business filing indicated.
Musk recently merged Twitter with a newly created "X" shell company, keeping the brand name for the platform but not the business.
Musk's founding of what appears to be a rival to ChatGPT-maker OpenAI came despite recently calling for an overall pause in developing artificial intelligence.
Musk has bought thousands of powerful, costly computing processors and hired engineering talent as part of an AI project at Twitter, according to an Insider report.
Meanwhile, Musk has slashed staff at Twitter as part of dramatic cost cutting since his $44 billion takeover of the San Francisco firm late last year.
The founding date of X.AI was several weeks before Musk joined experts in signing an open letter calling for a hiatus in the development of AI.
The open letter, published on the website of the Musk-funded Future of Life Institute, urged a six-month pause in development of powerful AI systems.
The billionaire Tesla chief and other luminaries wrote that "AI systems with human-competitive intelligence can pose profound risks to society and humanity."
The signatories, who included academics and tech titans like Apple cofounder Steve Wozniak, argued that the pause should be used to bolster regulation and ensure the systems were safe.
Critics however called the letter a "hot mess" of "AI hype" that even misrepresented an academic paper.
Big tech companies like Google, Meta and Microsoft have spent years working on AI systems -- previously known as machine learning or big data -- to help with translations, search and targeted advertising.
But late last year San Francisco firm OpenAI supercharged the interest in AI when it launched ChatGPT, a bot that can generate natural language text from a short prompt.
Musk cofounded OpenAI but left the company in 2018.
Microsoft has since announced it is investing billions of dollars in OpenAI and has put its technology to work in its Bing internet search service.
A.Mahlangu--AMWN
