Elon Musk announces the establishment of a new AI company, AI token rises | CoinDesk JAPAN | Coin Desk Japan

Elon Musk, CEO of Tesla and SpaceX, announced the establishment of a new company “xAI” to develop AI to compete with the popular interactive AI (artificial intelligence) “ChatGPT” on the 12th. Crypto assets, so-called AI tokens, rose more than 3%.

Specifically, after the announcement of a new company whose goal is to “understand the essence of the universe,” SingularityNET (AGIX) rose by more than 6% and Fetch.ai (FET) rose by about 3%. According to the new company’s website, the team will be led by Musk and include members who have worked at DeepMind, OpenAI, Google Research, Microsoft Research, Tesla and the University of Toronto.

Musk has previously considered developing an alternative to ChatGPT called TruthGPT, which he told Fox News would be “the best truth-seeking AI that seeks to understand the nature of the universe.”

AI tokens briefly rose earlier this year as AI is becoming more mainstream and semiconductor giant Nvidia revealed a bullish outlook for AI-related sales.

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Shutterstock
｜Original: Elon Musk’s New ChatGPT Competitor Boosts AI-Related Crypto Tokens