A startup dedicated to artificial intelligence has been formed by Tesla boss Elon Musk.

A number of engineers from companies like OpenAI and Google have joined xAI as part of the new company.

According to Musk, AI developments should be paused and the sector needs to be regulated.

According to him, the start-up was created to “understand reality”.

It is unclear how much funding the company has, what its specific objectives are, or what type of artificial intelligence it plans to develop.

On its website, xAI says its goal is to “understand the true nature of the universe.”

There will be a Twitter Spaces chat hosted by the new firm on Friday, which may reveal more about its goals.

Musk was one of the original supporters of OpenAI, which went on to create ChatGPT, a large language model that has become popular for assisting students with homework.

As a result, the billionaire’s relationship with the company has soured. The liberal bias of ChatGPT has been criticized by him.

In February, Musk tweeted, “What we need is TruthGPT”.

In addition, he disagrees with the way ChatGPT has been run – and its close ties to Microsoft.

In an interview with CNBC, Musk said that it seems strange that something can be open source, nonprofit, and then become closed source, for profit.

Mr Musk signed an open letter in March calling for a pause in “Giant AI Experiments”, which has received around 33,000 signatures to date.

Over the last decade, Musk has been concerned about AI safety, according to an interview with the BBC in April.

In order to ensure that AI doesn’t present a danger to the public, a regulatory body should be established, he said.

Musk also opposes AI companies because they use data scraped from various sources to train chatbots, software that learns how humans interact by analyzing large amounts of information.

According to the billionaire, Twitter should be adequately compensated for scraping vast amounts of its data.

In a deal worth billions, Musk acquired the microblogging platform, which he then made sweeping changes that led many people to leave in protest, including Grey’s Anatomy producer Shonda Rhimes, model Gigi Hadid, comedian and actor Stephen Fry, and others.