According to a recent report published by the Financial Times on Friday, billionaire CEO Elon Musk is currently working on the formation of an Artificial Intelligence (AI) startup that will compete with the likes of ChatGPT-maker OpenAI, Google’s Bard and Amazon’s Bedrock.

Twitter CEO Elon Musk is reportedly in the process of putting together a group of AI academics and engineers for his new company which is touted to be a ChatGPT AI alternative. Moreover, the report states that Musk is carrying out negotiations with his current investors from SpaceX and Tesla Inc about the possibility of obtaining fresh funds for his new venture.

The 51-year-old business tycoon has apparently secured thousands of graphic processor units, which are computer systems that aid in high-powered computing required for running AI-models and processing high-end graphics. This comes after Musk posted a tweet on March 18 in which he stated that his company would harness AI to “detect & highlight manipulation of public opinion” on the micro-blogging platform.

(By Pratik Bhuyan)