At The Wall Street Journal’s CEO Council Summit, Elon Musk unveiled his plan to introduce a forceful challenger to tech giants such as Google and Microsoft, which dominate the artificial intelligence landscape. Musk expressed his aspirations of establishing a formidable presence in the AI ecosystem by unveiling a rival to major players like Google and Microsoft.
The tech magnate suggested incorporating several components of his corporate empire, including his recent acquisition of Twitter for $44 billion in October 2022, to support his ambitious AI venture.
Musk revealed his intentions to introduce a robust “third horse” to compete against the artificial intelligence dominance of technology powerhouses such as Alphabet Inc. and Microsoft Corporation. When asked about his new company, X.AI, the billionaire stated his belief in the need for a substantial third competitor in the field.
The billionaire also hinted at the possibility of Twitter playing an influential role in the development of his AI business, potentially forming a partnership with Tesla Inc. While refraining from making any official announcements, Musk speculated that there could be a system similar to OpenAI’s relationship with Microsoft in place between X.AI, Twitter, and Tesla.
When questioned about the regulation of AI, Musk reaffirmed his stance on the establishment of an independent oversight committee consisting of industry leaders and third-party entities. He emphasized the committee’s significance in gaining insights into the activities of these enterprises.
“It’s a small likelihood of annihilating humanity, but it’s not zero,” he said
Moreover, the tech entrepreneur remarked that the United States and Europe currently possess the most cutting-edge AI technology, although China is catching up quickly.
Despite expressing concerns about the accelerating progress of AI, Musk remains optimistic about Tesla’s potential to capitalize on the technology, citing the company’s substantial investment in AI and machine learning. Musk has emphasized that Tesla’s Full-Self Driving software, currently in beta, will operate under a comprehensive neural network AI model.