Overview

• Elon Musk is launching a new AI startup called X.AI that will compete with OpenAI.
• Musk has been assembling a team of AI researchers and engineers, with recruitment efforts extending to employees of leading AI companies such as Alphabet-owned DeepMind.
• Musk has authorized the sale of 100 million shares for X.AI and has talked to several investors in SpaceX and Tesla about backing the new AI startup.
• Musk warns that AI is more dangerous than mismanaged aircraft design or bad car production and has the potential for civilization destruction.
• X.AI joins Musk's broad portfolio alongside Twitter, Tesla, SpaceX, Boring, and Neuralink.