Elon Musk Establishes X.AI, an AI Firm, to Dominate the Market as the Largest DOGE Owner of Dogecoin

Elon Musk has established a new AI company called X.AI, which is set to compete with OpenAI. The company was registered in Nevada and Musk and a close associate are listed as its only director and secretary, respectively. Musk has had previous involvement in AI ventures, having helped establish OpenAI before leaving nearly 10 years ago. He has previously voiced concerns about the technology’s dangers and in February tweeted that “What we need is TruthGPT” given his criticisms of ChatGPT’s “woke” and Microsoft-centric nature. Details about the new firm are scant, but Musk reportedly hired scientist Igor Babuschkin and two former DeepMind colleagues in March to steer the project, with claims he has also tried to recruit OpenAI staff. It has been speculated that Musk’s affinity for the letter “X” – evident in names such as Twitter Corp (now X Corp) and one of his children’s names – suggests a possible desire to build an “everything app” under that banner. DOGE, the cryptocurrency in which Musk is the largest holder, rose by 3.73% after the announcement. The RSI line on the Dogecoin (DOGE) chart shows a neutral momentum, trending between bullish and bearish.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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