Elon Musk, CEO of Tesla and owner of Twitter, talked about projects in the cryptocurrency world that show him in connection with his companies in his recent statement.
In a post about an altcoin that uses the name of his new artificial intelligence project xAI and is experiencing increases in price, Musk said that none of his companies will ever launch a cryptocurrency.
Musk also agreed that xAI is not linked to any cryptocurrency.
Elon Musk said that his artificial intelligence initiative xAI will present its first artificial intelligence model to a selected group on Saturday. This comes nearly a year after OpenAI company's ChatGPT attracted interest from businesses and users around the world, leading to a surge in adoption of generative AI technology.
Musk co-founded OpenAI, the company behind ChatGPT, in 2015, but left the company's board of directors in 2018.
“In some important ways, this (xAI's new model) is the best model that exists right now,” Musk said.
“xAI's Grok system will be available to all X Premium+ subscribers as soon as it exits early beta,” Musk added.
Although x and xAI are separate, the companies work closely together. xAI also works with Tesla and other companies.
*This is not investment advice.