Elon Musk has launched a new artificial intelligence (AI) company called xAI.

The xAI team consists of experienced professionals in the field of AI who have previously worked at renowned companies such as DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla.

This announcement has had an impact on the crypto market, particularly AI-themed tokens like SingularityNET (AGIX) and Fetch.ai (FET), which have experienced price increases.

Elon Musk has also criticized previous AI developments and introduced the TruthGPT platform. He has signed agreements with chip manufacturer Nvidia and purchased thousands of GPU processors.

Musk emphasizes the risks associated with AI development and aims to understand the true nature of the universe with xAI.

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