XAI (company)

Last updated

X.AI Corp.
xAI
Company type Private
Industry Artificial intelligence
FoundedMarch 9, 2023;16 months ago (2023-03-09) [lower-alpha 1]
Founder Elon Musk
Headquarters
San Francisco Bay Area, California, U.S.
Key people
Products Grok, PromptIDE [2]
Number of employees
c. 100 (2024) [3]
Website x.ai

X.AI Corp., [4] [5] doing business as xAI, is an American startup company working in the area of artificial intelligence (AI). Founded by Elon Musk in March 2023, its stated goal is "to understand the true nature of the universe". [6]

Contents

History

In 2015, Musk was the founding co-chairman at the non-profit AI research company OpenAI. [7] [8] He reportedly committed to invest as much as $1 billion in OpenAI, [9] but stepped down from the board in 2018 after an unsuccessful bid to take over its management, the result of a disagreement over AI safety. [10]

xAI was founded by Musk [11] [12] [13] in Nevada [4] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [14] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. [15]

Musk officially announced the formation of xAI on July 12, 2023. [16] [17] He linked the date (7 + 12 + 23 = 42) to the book The Hitchhiker's Guide to the Galaxy by Douglas Adams, [18] in which a supercomputer calculates that the answer to the ultimate question of life, the universe, and everything is 42; and to the company's mission "to understand the universe". [19] [6]

In December 2023, in a U.S. Securities Exchange Commission (SEC) filing, xAI revealed that it had raised US$134.7 million in outside funding out of a total of up to $1 billion. [20] [21] Despite the filing, Musk later claimed via X that xAI was not seeking any funding. [22]

In May 2024, xAI was reported to be looking for $6 billion of funding. [23] Later that same month, the company secured the support of various venture capital firms, including Andreessen Horowitz, Lightspeed Venture Partners, Sequoia Capital and Tribe Capital. [24] [25]

In May 2024, Musk predicted that AI will make most jobs obsolete, requiring a high universal income. [26]

In June 2024, The Greater Memphis Chamber announced xAI is planning on building the world's largest supercomputer in Memphis, TN. [27]

Products

While xAI's stated goal is "to understand the true nature of the universe", one of its immediate objectives is to create an AI that is capable of advanced mathematical reasoning, something not found in current models. [28]

On November 4, 2023, xAI unveiled Grok, an AI chatbot that is integrated with X. xAI stated that when the bot is out of beta, it will only be available to X's Premium+ subscribers. [29] [30]

Notes

  1. ↑ The company was incorporated on this date. It was not officially announced until July 12, 2023.

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References

  1. 1 2 Beltran, Luisa (November 20, 2023). "xAI org chart: All the top power players at Elon Musk's new OpenAI competitor" . Fortune . Archived from the original on November 20, 2023.
  2. ↑ "PromptIDE". x.ai. Archived from the original on November 15, 2023. Retrieved November 11, 2023.
  3. ↑ Mathews, Jessica (June 28, 2024). "One of the original employees at Elon Musk's xAI has left and returned to OpenAI". Fortune. Archived from the original on June 28, 2024.
  4. 1 2 "X.AI Corp". OpenCorporates . Archived from the original on August 5, 2023. Retrieved July 27, 2023.
  5. ↑ "Privacy policy". x.ai. Archived from the original on November 19, 2023. Retrieved November 7, 2023.
  6. 1 2 "xAI: Understand the Universe". x.ai. Archived from the original on August 3, 2023. Retrieved August 3, 2023.
  7. ↑ Jin, Berber; Hagey, Keach; Seetharaman, Deepa (March 6, 2024). "How the Bromance Between Elon Musk and Sam Altman Turned Toxic" . The Wall Street Journal . Archived from the original on March 7, 2024.
  8. ↑ Eadicicco, Lisa (June 12, 2020). "The artificial intelligence company that Elon Musk helped found is now selling the text-generation software it previously said was too dangerous to launch". Business Insider . Archived from the original on November 30, 2023.
  9. ↑ Goswami, Rohan (May 16, 2023). "Elon Musk claims he's the reason ChatGPT-owner OpenAI exists". CNBC. Archived from the original on November 3, 2023. Retrieved October 24, 2023.
  10. ↑ Stokel-Walker, Chris (July 13, 2023). "What is xAI, Elon Musk's new AI company, and will it succeed?". New Scientist . Archived from the original on September 22, 2023. Retrieved July 19, 2023.
  11. ↑ "Elon Musk launches xAI in challenge to dominance of ChatGPT owner". The Financial Times . July 12, 2023. Archived from the original on July 12, 2023. Retrieved July 12, 2023.
  12. ↑ Bhattacharya, Suryathapa (July 12, 2023). "Elon Musk Launches xAI, His New Artificial-Intelligence Company". The Wall Street Journal . Archived from the original on July 12, 2023. Retrieved July 12, 2023.
  13. ↑ Markman, Jon. "Elon Musk Unveils X.ai: A Game-Changer For Investors". Forbes. Archived from the original on October 18, 2023. Retrieved October 24, 2023.
  14. ↑ Anirban Ghoshal (July 13, 2023). "Elon Musk launches xAI to take on ChatGPT-maker OpenAI". Computer World. Archived from the original on July 18, 2023. Retrieved July 14, 2023.
  15. ↑ Isaacson, Walter (September 12, 2023). Elon Musk. Simon & Schuster. pp. 605–606. ISBN   978-1-9821-8128-4. Archived from the original on November 26, 2023. Retrieved November 28, 2023.
  16. ↑ Vynck, Gerrit De (July 15, 2023). "Musk's new AI company, xAI, will aim to solve scientific mysteries". Washington Post. ISSN   0190-8286. Archived from the original on July 17, 2023. Retrieved July 17, 2023.
  17. ↑ Mark, Charles. "Openaiinsiders" . Retrieved November 29, 2023.
  18. ↑ Gairola, Ananya. "How Elon Musk's xAI Launch Date Pays Tribute To Douglas Adam's 'Hitchhiker's Guide To The Galaxy'". Benzinga. Archived from the original on September 23, 2023. Retrieved September 9, 2023.
  19. ↑ Musk, Elon [@elonmusk] (July 12, 2023). "And what are the most fundamental unknown questions?" (Tweet). Archived from the original on August 6, 2023. Retrieved September 1, 2023– via Twitter.
  20. ↑ Silberling, Amanda. "Elon Musk is looking to raise $1 billion for xAI". Archived from the original on December 6, 2023. Retrieved December 6, 2023.
  21. ↑ https://www.axios.com/2023/12/06/elon-musk-twitter-x-ai-funding
  22. ↑ https://www.reuters.com/technology/elon-musk-says-his-ai-firm-xai-is-not-raising-funds-right-now-2023-12-06/
  23. ↑ "Elon's AI venture being sold as part of a "Muskonomy"". Axios. May 18, 2024.
  24. ↑ "Elon Musk's xAI secures new backing from Andreessen, Lightspeed, Sequoia and Tribe". Financial Times. Retrieved May 24, 2024.
  25. ↑ "Musk's xAI seeking to raise $6 bln in Andreessen Horowitz-backed funding, FT reports". Reuters. May 23, 2024.
  26. ↑ Tomchak, David (May 30, 2024). "Elon Musk: Tesla CEO warns of the risks of AI to our jobs—while raising $6bn for xAI". Archived from the original on May 30, 2024. Retrieved May 30, 2024.
  27. ↑ "Musk to Locate xAI Supercomputer in Memphis". MemphisFlyer. Retrieved June 6, 2024.
  28. ↑ Schreckinger, Ben (July 17, 2023). "Elon Musk's liberal-trolling AI plan has a core audience". Politico . Archived from the original on October 11, 2023. Retrieved July 19, 2023.
  29. ↑ Neowin, Paul Hill (November 4, 2023). "Elon Musk gives a glimpse at xAI's Grok chatbot". Neowin. Archived from the original on November 4, 2023. Retrieved November 4, 2023.
  30. ↑ "Elon Musk Says His New AI Bot 'Grok' Will Have Sarcasm and Access to X Information". Wall Street Journal. Archived from the original on November 4, 2023. Retrieved November 4, 2023.
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