Elon Musk has established a new company called X.AI Corp. dedicated to artificial intelligence, per a report published in The Wall Street Journal.

The new company, which was formed last month, has Musk serving as a director and Jared Birchall, the director of Musk’s family office, as the secretary, per Nevada filings.

Speculations about Musk setting up an AI company had been circulating for a few days. Musk had procured thousands of GPUs to power an upcoming generative AI product. Similarly, it was reported that Musk planned to create an AI company to rival Microsoft-backed OpenAI. Musk has reportedly sought funding from investors of SpaceX and Tesla to initiate the company.

Musk co-founded OpenAI in 2015 but departed in 2018. He has openly opposed the organization and recently stated that they should stop developing AI stronger than GPT-4 for at least six months. Over the past few months, OpenAI has gained much recognition due to technologies like ChatGPT and GPT-4. The organization has also played a significant role in deterring the ongoing efforts of Microsoft and Google to integrate AI tools deeply into many of their products, with Musk partly responsible.

It remains unclear what Musk’s new AI company will focus on, but given his previous ventures, it’s likely to be groundbreaking. Musk has been outspoken about AI, expressing concern about its ability to surpass human intelligence, perhaps leading to disastrous consequences. His innovative company has the potential to reduce the threats presented by AI while also creating an ethical foundation for its growth. Currently, we can only wait and see what Musk’s latest venture has in store for the future of AI.