What is xAI? Why are AI Cryptos Up? – Beginner’s Guide
- Despite his opposition, Elon Musk launches an AI startup.
- While xAI is not a part of Musk’s X corp, it will collaborate with the company.
- The revelation by Musk causes a price increase in cryptocurrencies related to artificial intelligence.
Elon Musk, founder and CEO of Tesla, SpaceX, and the Boring Company, and a former CEO of Twitter, has today announced the launch of xAI. The CEO has never been shy about sharing his thoughts on the rapid advancement of artificial intelligence-based products like OpenAi’s ChatGPT and Google’s Bard.
In his announcement, Musk simply said that xAI would help people better “understand reality,” a term that fails to convey either the company’s overarching mission or the precise nature of the goods it plans to release. However, during the forthcoming Twitter Spaces talk, fans should get a little more information on the topic.
Announcing formation of @xAI to understand reality
— Elon Musk (@elonmusk) July 12, 2023
xAI and TruthGPT
Musk hasn’t always been opposed to the creation of AI tools. TruthGPT was his first attempt at going up against popular question and answer sites like ChatGPT.
Musk publicly attacked ChatGPT before quitting the project in 2018, saying it was programmed to be “woke.” He added that TruthGPT was developing AI that will actively seek for the truth and the best interests of humanity.
What we need is TruthGPT
— Elon Musk (@elonmusk) February 17, 2023
It’s hard to ignore the similarities between xAI and TruthGPT, especially in light of Musk’s recent purchase of 10,000 GPUs, a key piece of hardware in the creation of generative AI.
It blows my mind that people can’t apply exponential growth to the capabilities of AI.
You would’ve been called a *lunatic* a year ago if you said we’d have GPT-4 level AI right now.
Now think another year. 5yrs? 10yrs?
It’s going to hit them like an asteroid.
— Mckay Wrigley (@mckaywrigley) April 15, 2023
The tech mogul was quoted as saying, “AI is more dangerous than, say, mismanaged aircraft design or production maintenance or bad car production,” with the caveat that “it has the potential — however small one may regard that probability, but it is non-trivial,” meaning that it has the potential to destroy civilization.
In the months ahead, we will use AI to detect & highlight manipulation of public opinion on this platform.
Let’s see what the psy ops cat drags in …
— Elon Musk (@elonmusk) March 18, 2023
Musk remarked, “I’m definitely starting late, but I will try to create a third option,” adding, “This might be the best path to safety, in that an AI that cares about understanding the universe is unlikely to annihilate humans, because we are an interesting part of the universe.”
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This Is A Win For AI Tokens
Crypto tokens like Cardano-Linked SingularityNET (AGIX) that are dedicated to AI services have seen a price increase after Musk’s introduction of xAI.
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— SingularityNET (@SingularityNET) July 13, 2023
The goal of the AGIX protocol is to make it simple for anybody to “create, share, and monetize” AI services on the AGIX AI marketplace.
Following Musk’s statement, there was a 3% spike in the value of Fetch.ai (FET), a protocol where “you can build, deploy, and connect smart agents to automate web3 systems and reinvent business models.”
The Future of xAI: What Can We Hope for?
What are the most fundamental unanswered questions?
— xAI (@xai) July 12, 2023
By waiting until Friday, July 14th, stakeholders can participate in Musk’s Twitter Spaces discussion designed to answer any questions they may have about xAI.
TruthGPT/xAI, however, will likely target user complaints about services like ChatGPT and provide “objective” and “unbiased” generated responses to user inquiries if historical trends provide any indication.
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