Billionaire entrepreneur Elon Musk is reportedly in the process of creating a new artificial intelligence start-up to challenge OpenAI, the company behind ChatGPT. The Financial Times reported on Friday that Musk is currently building a team of AI researchers and engineers, and is discussing investment opportunities with backers of his other companies, SpaceX and Tesla.
This announcement comes after Musk and other AI researchers recently called for a six-month halt on the development of systems that are more powerful than OpenAI's GPT-4 due to potential societal risks.
Several large corporations, such as Microsoft and Alphabet, are attempting to integrate Generative AI, the technology behind ChatGPT, into their own products. However, regulators are raising concerns and demanding that clear rules are established before the technology is widely adopted. Italy has already banned ChatGPT due to privacy issues, and a European privacy watchdog has formed a task force to develop a common AI policy.
Musk has reportedly acquired thousands of graphics processing units from Nvidia, which are essential for high-powered computing, including AI and high-end graphics. Business Insider previously reported on this development. However, Nvidia has declined to comment on its involvement with Musk's new venture, and its shares rose by approximately 1% following the announcement.
Musk was one of the co-founders of OpenAI, which was established as a non-profit organization in 2015. He resigned from the board of directors in 2018.