Musk launches X.AI

Musk launches X.AI, an artificial intelligence company. The company, incorporated in Nevada in March, has Musk as its director and Jared Birchall, the director of Musk’s family office, listed as its secretary. Musk plans for the firm to compete with the Microsoft-backed OpenAI. Musk reportedly sought funding from SpaceX and Tesla investors to get the company started. The X.AI name matches the branding of the X Corp. name he has since assigned to Twitter, along with the ‘X’ label he’s applied to his vision of an “everything app.”