Twitter chief executive Elon Musk plans to develop a new generative artificial intelligence platform to challenge Microsoft-backed OpenAI’s ChatGPT and Google’s Bard.
The platform, which the billionaire calls TruthGPT, would become a "third option" to what he calls "the two heavyweights" currently dominating the market that has become the new darling for investors, according to excerpts of Mr Musk's interview with Fox News Channel's Tucker Carlson.
"I'm going to start ... a maximum truth-seeking AI that tries to understand the nature of the universe," Mr Musk told Mr Carlson in the interview that aired on Monday.
"And I think this might be the best path to safety, in the sense that an AI that cares about understanding the universe, it is unlikely to annihilate humans because we are an interesting part of the universe."
He declined to provide specific details on his plans for developing TruthGPT.
Mr Musk's announcement confirms earlier reports by The Information in March and the Financial Times last week on his plans to throw his hat into the generative AI race.
San Francisco-based technology news site The Information said Mr Musk was assembling a team, which includes a former engineer at a unit of Google parent Alphabet, to develop a rival to ChatGPT.
It said he was in discussions with Igor Babuschkin, who recently left Google's DeepMind AI, to lead a group of artificial intelligence researchers in the endeavour. It remains unclear whether any of the other persons who have been approached have signed up so far.
The British daily FT, meanwhile, reported that Mr Musk is building a team of AI researchers and engineers, and also in talks with various investors in his other ventures, such as SpaceX and Tesla, about pumping capital into his new AI start-up.
He has also ordered “thousands of high-powered GPU [graphic processing unit]” chips from technology company Nvidia, the report said. GPUs are sophisticated chips capable of running many tasks simultaneously and are necessary in building generative AI’s large language models.
Last month, he reportedly merged registered a company named X.AI Corp in Nevada, according to a US state filing.
Generative AI can produce various kinds of data, including audio, code, images, text, simulations, 3D objects and videos. While it takes cues from existing data, it is also capable of generating new and unexpected outputs, according to GenerativeAI.net.
The global generative AI market is expected to reach $188.62 billion by 2032, growing at an annual rate of more than 36 per cent from $8.65 billion last year, according to Brainy Insights.
It could also drive a 7 per cent — or almost $7 trillion — increase in the global economy and lift productivity growth by 1.5 percentage points over a 10-year period, Goldman Sachs estimated.
Investors have poured in more than $4.2 billion through 215 deals into generative AI start-ups in 2021 and 2022 after interest spiked in 2019, data from CB Insights showed. Around $586 million in 20 deals during the same period has gone to generative interfaces, it said.
Mr Musk, who co-founded the California-based start-up OpenAI in 2015, left its board in 2018 following disagreements with the company's direction. However, in 2019, he tweeted that the need to focus on Tesla and SpaceX was the reason he left OpenAI.
He has also been critical of the company in recent months, arguing that OpenAI is placing several safety nets to prevent ChatGPT from offering results that might be divisive or offend its users. That implies that his planned TruthGPT chatbot might have less restrictions.
ChatGPT was launched in November by OpenAI — the world's most valuable generative AI start-up — and quickly gained popularity as it can generate written content with a simple request within seconds.
AI is more dangerous than, say, mismanaged aircraft design or production maintenance or bad car production
Elon Musk,
chief executive of Twitter and Tesla
In January, technology company Microsoft announced the third phase of its long-term partnership with OpenAI through a new multiyear, multibillion-dollar investment, worth a reported $10 billion.
Earlier this month, Google, meanwhile, unveiled its own conversational AI service, Bard. However, days later, Bard made an error in a promotional video during a company event in Paris, causing $100 billion to be wiped off Google's market value.
Mr Musk had criticisms for both companies during the interview with Mr Carlson, saying that OpenAI is "training the AI to lie" and that it has become a "closed source", "for-profit" platform "closely allied with Microsoft".
He also accused Google co-founder Larry Page of not taking AI safety seriously and that their disagreements were the reason OpenAI now exists.
"The reason OpenAI exists at all is that Larry Page and I used to be close friends and I would stay at his house in Palo Alto, and I would talk to him late into the night about AI safety," Mr Musk said.
"And at least my perception was that Larry was not taking AI safety seriously enough."
It is unclear how much Mr Musk, the world's second-wealthiest person, is willing to invest in his chatbot venture. He paid $44 billion to acquire Twitter last year.
"Conservational AI is currently in its early stages of monetisation and costs remain high as it is expensive to run," Swiss bank UBS said in a research note.
Mr Musk also remained cautious about the risks of AI in his interview with Mr Carlson, comparing it to other industries that now widely utilise the technology.
"AI is more dangerous than, say, mismanaged aircraft design or production maintenance or bad car production," he said.
UAE%20SQUAD
%3Cp%3E%0DJemma%20Eley%2C%20Maria%20Michailidou%2C%20Molly%20Fuller%2C%20Chloe%20Andrews%20(of%20Dubai%20College)%2C%20Eliza%20Petricola%2C%20Holly%20Guerin%2C%20Yasmin%20Craig%2C%20Caitlin%20Gowdy%20(Dubai%20English%20Speaking%20College)%2C%20Claire%20Janssen%2C%20Cristiana%20Morall%20(Jumeirah%20English%20Speaking%20School)%2C%20Tessa%20Mies%20(Jebel%20Ali%20School)%2C%20Mila%20Morgan%20(Cranleigh%20Abu%20Dhabi).%3C%2Fp%3E%0A
MATCH INFO
World Cup 2022 qualifier
UAE v Indonesia, Thursday, 8pm
Venue: Al Maktoum Stadium, Dubai
Mobile phone packages comparison
RESULT
Deportivo La Coruna 2 Barcelona 4
Deportivo: Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')
Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
UAE currency: the story behind the money in your pockets
JAPANESE GRAND PRIX INFO
Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday
Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
THE SPECS
Engine: AMG-enhanced 3.0L inline-6 turbo with EQ Boost and electric auxiliary compressor
Transmission: nine-speed automatic
Power: 429hp
Torque: 520Nm
Price: Dh360,200 (starting)
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%3Cp%3E%3Cstrong%3ERooh%20Afza%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20contains%20414%20calories%0D%3Cbr%3E%3Cstrong%3ETang%20orange%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20300%20calories%0D%3Cbr%3E%3Cstrong%3ECarob%20beverage%20mix%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20about%20300%20calories%0D%3Cbr%3E%3Cstrong%3EQamar%20Al%20Din%20apricot%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20saving%20contains%2061%20calories%0D%3Cbr%3E%3Cstrong%3EVimto%20fruit%20squash%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%2030%20calories%3C%2Fp%3E%0A
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
RESULTS
5pm Maiden (PA) Dh80,000 (Turf) 1,600m
Winner Thabet Al Reef, Bernardo Pinheiro (jockey), Abdallah Al Hammadi (trainer)
5.30pm Handicap (PA) Dh80,000 (T) 1,600m
Winner Blue Diamond, Pat Cosgrave, Abdallah Al Hammadi
6pm Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m
Winner Hameem, Adrie de Vries, Abdallah Al Hammadi
6.30pm Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m
Winner Shoja’A Muscat, Szczepan Mazur, Ibrahim Al Hadhrami
7pm Maiden (PA) Dh80,000 (T) 1,200m
Winner Heros De Lagarde, Szczepan Mazur, Ibrahim Al Hadhrami
7.30pm Handicap (TB) Dh100,000 (T) 2,400m
Winner Good Tidings, Antonio Fresu, Musabah Al Muhairi