Who owns AI stock?
The CEO of Tesla (TSLA), Elon Musk, established an AI company. Musk launched his new company, X.AI, on Friday in Nevada. Musk, the company’s sole director, plans to privately sell 100 million shares of the enterprise. In 2018, Musk is said to have made a bid for OpenAI, which he helped build in 2015. However,…
The CEO of Tesla (TSLA), Elon Musk, established an AI company. Musk launched his new company, X.AI, on Friday in Nevada. Musk, the company’s sole director, plans to privately sell 100 million shares of the enterprise.
In 2018, Musk is said to have made a bid for OpenAI, which he helped build in 2015.
However, the Tesla executive quit OpenAI when his offer was declined. Musk left Tesla alleging a conflict of interest as the firm was testing its own AI-based autonomous driving software.
Furthermore, OpenAI had to contend with the enormous costs associated with training AI systems at the time. The ChatGPT developer switched from being “non-profit” to “for-profit” in 2019, attracting businesses like Microsoft (MSFT), who made large investments in its ChatGPT.
Who Owns AI Stock?
OpenAI CEO Sam Altman attacked the open letter from a number of academics and researchers as well as Tesla CEO Elon Musk and Apple co-founder Steve Wozniak for missing “technical nuance.”
According to Mr. Musk, he presently has “no ownership or control” over OpenAI. Mr. Musk, one of the original founders of the company that developed ChatGPT, left the company in 2018 as a result of issues with the management. In recent months, he has been criticizing the company and its offerings, notably the chatbot.
