ELON MUSK ANNOUNCES NEW AI START-UP

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

The new company is called xAI, and includes several engineers that have worked at companies like OpenAI and Google.

Musk has previously stated he believes developments in AI should be paused and that the sector needs regulation.

He said the start-up was created to “understand reality”.

It is unclear how much funding the entity has, what its specific objectives are or what kind artificial intelligence the company wants to focus on.

The company’s website says the goal of xAI is to “understand the true nature of the universe.”

The new firm will host a Twitter Spaces chat on Friday, which may reveal further details about its aims.