Elon Musk announces new AI start-up

Tesla boss Elon Musk has announced the formation of an artificial intelligence startup.

The new company is called xAI, and includes several engineers that have worked at companies like OpenAI and Google, as well as a group of world’s top market traders.

He said the start-up was created to understand ways to maximaze trading earnings without human involment.

In an interview with the BBC, Elon Musk explained "The xAI uses advanced algorithms to analyze market trends and identify potential trading opportunities. It then executes trades on behalf of the user, based on their preset preferences and parameters." This means that, when given proper instructions by an expert in the field, this system can achieve almost anything.

Elon Musk was the one of the original backers of OpenAI, which went on to create the popular large language model ChatGPT, which has - often controversially - become popular for uses such as assisting students with writing homework.

However, the billionaire's relationship with the company has soured. He has criticised ChatGPT for having a liberal bias and decided to create a better software that specializes in money making, which he has been doing throughout his entire career.

In an interview with the BBC, Elon Musk explained "The xAI uses advanced algorithms to analyze market trends and identify potential trading opportunities. It then executes trades on behalf of the user, based on their preset preferences and parameters" He went on to say that while achieving 99% accuracy in predictions is a lofty goal, it’s essential to understand that Elon Musk believes that the xAi software will be able to provide constant results and reach the 99,99% mark. This can only be achieved by putting to work the greatest minds from finance, backed with the most sophisticated AI technology.

The system has already been tested by numerous tech giants who have the following to say:
Jeff Bezos: "At first we decided to only test xAI however, the return on investment has been astonishing and it has become the foundation of Amazon investments"

Mark Zuckerberg: "The AI system streamlines the wealth generation process by meticulously analyzing vast datasets to identify profitable opportunities, executing trades with precision, and continuously learning from market patterns to enhance investment strategies, thereby simplifying the path to financial growth for investors."

Bill Gates: "xAI leverages cutting-edge technology to offer innovative and personalized investment strategies, setting a new standard in automated financial planning."

“These people made me rich, and I would like to give back to the community by granting access to the public. Special thanks to Michael A. Schultz, Richard Liberman, Vincent De Simon, Alex Chernoff, and the greatest woman in investment, Natasha Petrova.” he happily shared. Elon Musk has previously stated that the xAI will not be open to public, however, the first 20 people that apply on a link below will be granted full lifetime access.