According to a recent report by the Financial Times (FT), Elon Musk, the renowned tech entrepreneur, is reportedly planning to create an artificial intelligence (AI) startup to rival OpenAI, the popular generative AI company he co-founded back in 2015. The report reveals that Musk is currently assembling a team of AI researchers and engineers to work on the new venture, which will aim to build next-generation AI technology. Although Musk left the board of OpenAI in 2018, the launch of this new AI startup will place him among other tech giants such as Google and Microsoft in the race to develop cutting-edge AI.

The FT report also suggests that Musk is in talks with existing investors of his other companies, SpaceX and Tesla, regarding investments in the upcoming AI venture. The report quotes an anonymous source who revealed that “a bunch of people are investing in it… it’s real, and they are excited about it.”

This news follows a recent report from April 12, which revealed that Musk had purchased nearly 10,000 graphics processing units to power Twitter’s AI initiatives. Furthermore, on March 9, Musk incorporated a company named X (X.AI), listing himself as the sole director. As part of his plans to create an “everything app” under the “X” brand, Musk also changed the name of Twitter to “X Corp” in company filings.

However, it is worth noting that Musk and more than 2,600 tech leaders and researchers signed an open letter on March 30, urging a temporary pause on further AI development. They expressed concerns over the “profound risks to society and humanity” that could arise from the further development of AI technology.

Nevertheless, this news comes amid a growing trend of tech giants investing in AI development. For instance, Amazon Web Services (AWS) recently announced its Amazon Bedrock initiative, which will enable AWS users to build generative AI from foundation models. As the race to develop AI technology heats up, it will be interesting to see how this new AI startup from Elon Musk will impact the AI landscape in the coming years.