Billionaire businessman Elon Musk is planning to announce a new generative artificial intelligence start-up to rival Microsoft-backed OpenAI’s ChatGPT and Google’s Bard, according to a news media report on Friday.
Mr Musk is building a team of AI researchers and engineers, and he is also in talks with various investors in his other ventures, such as SpaceX and Tesla, about pumping capital into his new AI start-up, British daily newspaper Financial Times reported.
“A bunch of people are investing in it … it’s real and they are excited about it,”a person with direct knowledge of the talks said in a quote to FT.
Mr Musk, co-founder and chief executive of the world’s biggest electric vehicle maker Tesla, has ordered “thousands of high-powered GPU (graphic processing unit) processors” from technology company Nvidia, it added.
GPUs are sophisticated chips capable of running many tasks simultaneously. They're necessary in building generative AI’s large language models that can produce humanlike writing or lifelike images and videos.
Mr Musk, who cofounded the California-based start-up OpenAI in 2015, left its board in 2018 following disagreements with the company's direction.
He has also been critical of the company in recent months, arguing that OpenAI is placing several safety nets to prevent ChatGPT from offering results that might be divisive or offend its users.
Generative AI uses machine learning to produce content such as text, images, video and audio. It can generate novel content, in the right context, instead of merely analysing or acting on the existing data.
The global generative AI market is expected to reach $188.62 billion by 2032, growing at an annual rate of more than 36 per cent from $8.65 billion last year, according to a report by Brainy Insights. The North American region dominated the market in 2022.
Generative AI could also drive a seven per cent — or almost $7 trillion — increase in the global economy and lift productivity growth by 1.5 percentage points over a 10-year period, Goldman Sachs estimated.
Mr Musk has reportedly hired Igor Babuschkin, who recently left DeepMind AI, to lead a group of AI researchers in the endeavour. He is hiring engineers from top AI labs, including DeepMind, FT reported, quoting people with knowledge of his plans.
Mr Musk’s potential entry to the disruptive generative AI industry will add yet another venture to his diverse set of businesses and investments.
The Wall Street Journal also reported on Friday that Mr Musk filed paperwork to start an AI company called X.AI Corp.
He bought microblogging site Twitter for $44 billion in October. He has also cofounded $137 billion rocket maker SpaceX, a neurotechnology research company Neuralink, and founded The Boring Company, an infrastructure and tunnel construction services start-up.
Last week, he reportedly merged Twitter with one of his companies called X Corp. Although Twitter will still function as a social media platform, this could be the entrepreneur's first step towards transforming the company into an “everything app”, similar to China’s WeChat.
The FT report said that his new AI start-up will be a separate entity and he could use Twitter content as data to train its language model and harness Tesla technologies for computing resources.
MATCH INFO
Real Madrid 2 (Benzema 13', Kroos 28')
Barcelona 1 (Mingueza 60')
Red card: Casemiro (Real Madrid)
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
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CHELSEA SQUAD
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
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Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
Global state-owned investor ranking by size
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China
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UAE
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Norway
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Canada
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Australia
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
MATCH INFO
Rugby World Cup (all times UAE)
Third-place play-off: New Zealand v Wales, Friday, 1pm
How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
Results
5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)
6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass
6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer
7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby
7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass
8.25pm: Handicap (TB) Dh92,500 (T) 1,200m, Winner: Taneen, Dane O’Neill, Musabah Al Muhairi
