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☆ Elon Musk's xAI is luring more investors through special purpose vehicles charging high fees
▼ + stars: | 2024-04-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Elon Musk is raising funds for xAI at a $15 billion pre-money valuation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's new AI startup is luring more investors through special purpose vehicles that charge hefty fees, according to an email sent this week. Related storiesThe email lays out the terms if investors want to take part in the xAI financing round through special purpose vehicles. AdvertisementFor prospective xAI investors, these commitments come at a cost.

Persons: Elon Musk, —, Elon, Musk, Kali Hays Organizations: xAI, Twitter, Service, Business Locations: khays@businessinsider.com

☆ IBM's marketing chief explains how the company is harnessing AI to boost productivity
▼ + stars: | 2024-04-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

IBM aims to be "client zero" of the AI products it sells to clients, marketing chief Jonathan Adashek said. He said AI has augmented the work IBM staffers do and even made its ads more effective. In April 2020, our CEO Arvind Krishna said IBM is going to be the leading hybrid cloud and AI company. That means acquisitions, that means divestitures, that means prioritizing some areas of work over others. Dropping 'hybrid work' from the return-to-office vernacularI think a lot of what drives productivity in the wrong direction is when you get people not focused on the must-haves and spending more time on the nice-to-dos.

Persons: Jonathan Adashek, —, Arvind Krishna, we've, Intentionality Organizations: IBM, Service, Adobe, Masters, Java

☆ It's hard to compete with Elon Musk when recruiting AI talent, CEO says
▼ + stars: | 2024-03-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Perplexity CEO Aravind Srinivas said Elon Musk's xAI is stiff competition in the recruiting space. The AI CEO said Musk's company offers the highest compensation at the moment. Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting. Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. In January, Financial Times reported that Musk's AI venture was in talks to raise $6 billion at around a $20 billion valuation.

Persons: Aravind Srinivas, Elon Musk's, It's, —, Elon Musk, Tesla, Musk, Srinivas, OpenAI, Alex Heath, Perplexity, Heath, OpenAI's ChatGPT, xAI's, Patrick Collison, Collison, Srnivas, he'd, Mark, Fortune, X Organizations: Service, OpenAI, Street Journal, Financial Times, xAI, TechCrunch, Twitter, SpaceX, Musk .

☆ OpenAI denies Elon Musk lawsuit claim that there ever was founding agreement
▼ + stars: | 2024-03-11 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

OpenAI has challenged a foundational claim Tesla CEO Elon Musk made in the lawsuit he filed against the startup earlier this month. "There is no Founding Agreement, or any agreement at all with Musk, as the complaint itself makes clear," OpenAI said in a document on file with California's superior court for San Francisco County. "The Founding Agreement is instead a fiction Musk has conjured to lay unearned claim to the fruits of an enterprise he initially supported, then abandoned, then watched succeed without him." Musk quoted OpenAI's 2015 certificate of incorporation with the Delaware secretary of state, asserting that it "memorialized" the founding agreement. "Seeing the remarkable technological advances OpenAI has achieved, Musk now wants that success for himself," OpenAI said in its filing.

Persons: Elon Musk, Giorgia Meloni's, OpenAI, Musk, Sam Altman, Greg Brockman, Brockman, Altman, Ilya Sutskever, OpenAI's ChatGPT Organizations: Tesla Inc, New York Times, San, Microsoft Locations: Rome, Italy, San Francisco County, Delaware

So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

☆ OpenAI is on a path to 'true technological breakthrough' with AGI, says Bedrock's Geoff Lewis
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI is on a path to 'true technological breakthrough' with AGI, says Bedrock's Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss investing in Elon Musk's new AI startup X.AI, the progress OpenAI has made over the years, the next stage of AI innovation, and more.

Persons: AGI, Geoff Lewis Geoff Lewis Organizations: Elon

☆ Tesla set to report fourth-quarter earnings after the bell
▼ + stars: | 2024-01-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla is set to report fourth-quarter earnings for 2023 after the bell Wednesday. Tesla shareholders submitted questions for executives to answer via the platform Say Technologies ahead of the earnings call. They're asking when Tesla plans to debut its "next-generation" vehicle, a more affordable EV referred to by fans as the Model 2. Gerber said on CNBC's "Last Call" with Brian Sullivan, that Musk was "blackmailing" Tesla shareholders, and that "the idea that he doesn't control Tesla is absurd." WATCH: Elon Musk is very much in charge of Tesla

Persons: Elon Musk, Tesla, Musk, Elon, Ross Gerber, who's, bristled, Gerber, Brian Sullivan Organizations: Tesla Inc, Fratelli, LSEG, Labor, General Motors, Ford, United Auto Workers, Tesla, Investors, Twitter Locations: Italy, Rome, U.S, Sweden, Scandinavia, Europe, Nevada, Tesla

☆ CNBC Daily Open: Of billions and trillions
▼ + stars: | 2023-12-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average closed 0.22% lower, while the S&P 500 inched down 0.06% by the closing bell. It has so far raised nearly $135 million from four investors, with the first sale occurring on Nov. 29. As the year-end nears, CNBC Pro asked three fund managers for sectors — and stocks — they are bullish on in the lead-up to 2024.

Persons: Europe's, X.AI Elon, Bitcoin Organizations: CNBC, Dow Jones, Nasdaq, Apple, U.S, SEC, U.S . Department of Labor, Metrics, Big Tech, CNBC Pro Locations: U.S

☆ Elon Musk's AI startup — X.AI — files to raise $1 billion in fresh capital
▼ + stars: | 2023-12-05 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering. The AI startup, which Musk announced in July, seeks to "understand the true nature of the universe," according to its website. Last month, X.AI released a chatbot called Grok, which the company says is modeled after "The Hitchhiker's Guide to the Galaxy." — CNBC's Lora Kolodny contributed to this reportWATCH: Elon Musk's X.AI launches 'Grok'

Persons: Elon Musk, Musk, X.AI, didn't, OpenAI, Sam Altman, Google's Bard, Claude chatbot, Tesla, They've, DeepMind's AlphaCode, OpenAI's, — CNBC's Lora Kolodny, Elon Musk's X.AI Organizations: New York Times, Jazz, Lincoln Center, Elon, SEC, Google's, Nvidia, SpaceX, Boring Company, X Corp, DeepMind, Google Research, Microsoft Research, Twitter, Tesla, X.AI Locations: New York City, Nevada

☆ Elon Musk thinks OpenAI may have made a dangerous discovery — and that's behind the Sam Altman drama
▼ + stars: | 2023-11-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said he's concerned OpenAI discovered a "dangerous element" of AI. The billionaire said he has "mixed feelings" about OpenAI CEO Sam Altman. AdvertisementElon Musk has some theories about why Sam Altman was initially ousted from OpenAI. Musk added that he wanted to know why OpenAI cofounder and chief scientist Ilya Sutskever "felt so strongly as to fight Sam. "He really sweats it over questions of what is right," Musk told Sorkin.

Persons: Elon Musk, OpenAI, Sam Altman, Musk, —, Andrew Sorkin, Sam, Ilya Sutskever, they've, It's, Altman, Kali Hays, he'd, Sutskever, backtrack, Sorkin, Ilya, OpenAI's ChatGPT Organizations: Service, OpenAI, CNBC

☆ Elon Musk says Starlink is now breaking even — and accounts for a 'majority' of active satellites
▼ + stars: | 2023-11-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk said Starlink's now breaking even and now accounts for the "majority" of satellites in orbit. Excited to announce that @SpaceX @Starlink has achieved breakeven cash flow! Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year. At the time, Starlink was losing money hand over fist, with Musk saying the main goal was "not to go bankrupt" in 2021. According to Walter Isaccson's biography of Musk, the SpaceX CEO was not comfortable with Starlink's use in armed conflict.

Persons: Elon Musk, Starlink's, —, Elon, Starlink, Musk, @Starlink, — Elon, Walter Isaccson's Organizations: SpaceX, Service, Netflix Locations: Ukraine, Crimea, Gaza

☆ Four takeaways from Walter Isaacson’s biography of Elon Musk
▼ + stars: | 2023-09-12 | by ( Paul Glader | ) edition.cnn.com time to read: +9 min

CNN —“You’ll never be successful,” Errol Musk in 1989 told his 17-year-old son Elon, who was then preparing to fly from South Africa to Canada to find relatives and a college education. That’s one of the scenes Walter Isaacson paints in his 670-page biography of Elon Musk, who is now the richest person who ever lived. In a 2022 email sent to Elon Musk on Father’s Day, Errol Musk said he was freezing and lacking electricity, asking his son for money. Isaacson’s book revealed Musk had a third child (Techno Mechanicus) with the musician Grimes in 2022, and Musk confirmed the revelation Sunday. “Stop falling for weird s—.”Are robocars, an AI company and a robot called Optimus on tap?

Persons: “ You’ll, Errol Musk, Elon, Walter Isaacson, Elon Musk, Isaacson, Musk, ” Musk, Errol, ” Elon Musk, ”, Covid, Anthony Fauci, Fauci, Grimes, “, ” Isaacson, Simon, Schuster Zilis, Zilis, Jenna, Musk’s, “ I’ve, Jared Birchall, Alex Spiro, Kimbal, Optimus, Sam Altman, Altman, Larry Page Organizations: CNN, Blacks, Defamation League, Elon, Twitter, Google, Microsoft, Tesla Locations: South Africa, Canada, United States, Texas

☆ Elon Musk privately pondered whether it was worth spending so much time focused on Twitter amid the threat of AI: 'It's not like I need to be richer or something'
▼ + stars: | 2023-09-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson said Elon Musk considered spending less time at Twitter to focus on AI and SpaceX. "With AI coming, I'm sort of wondering whether it's worth spending that much time thinking about Twitter," Isaacson said Musk told him in March at a meeting between the biographer, Musk, and a Neuralink director who gave birth to two of his children. Isaacson said Musk first discussed his plans to build an AI company at the March meeting. The biographer said Musk told him he plans to run the company himself. It is one of six companies, including Tesla, SpaceX, and X, that Musk is helping to lead.

Persons: Walter Isaacson, Elon Musk, Musk, Walter Isaacson's, ChatGPT, Isaacson, Tesla, Linda Yaccarino, Insider's Kali Hays Organizations: Twitter, SpaceX, Service, Bloomberg Locations: Wall, Silicon

☆ Elon Musk pictured for the first time with Neuralink director and the twins they quietly had together
▼ + stars: | 2023-09-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson shared a peek into Elon Musk's relationship with Shivon Zilis, one of the mothers of his children. Zilis is a director at Musk's brain chip company who quietly had a set of twins with the billionaire. In the photo, the twins — who were 16 months old at the time — sit on the laps of Zilis and Musk. Elon Musk pictured with Neuralink director Shivon Zilis. Insider first reported that Musk had quietly fathered twins with Zilis in November 2021.

Persons: Walter Isaacson, Elon, Shivon Zilis, Isaacson, Zilis, —, Musk, Elon Musk, Little Organizations: Service, Twitter, Reuters, TIME, Musk's, Google Locations: Wall, Silicon, OpenAI, Austin , Texas

☆ Elon Musk launches AI firm xAI as he looks to take on OpenAI
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +3 min

In a Twitter Spaces event Wednesday evening, Musk explained his plan for building a safer AI. Rather than explicitly programming morality into its AI, xAI will seek to create a "maximally curious" AI, he said. Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing. The firm lists Musk as the sole director and Jared Birchall, the managing director of Musk's family office, as a secretary. Dan Hendrycks, who will advise the xAI team, is currently director of the Center for AI Safety and his work revolves around the risks of AI.

Persons: Elon Musk, Musk, xAI, that's, Igor Babuschkin, DeepMind, Tony Wu, Szegedy, Greg Yang, Jared Birchall, Google's Bard, Microsoft's, Bing, Bard, Dan Hendrycks, Tesla, Akash Sriram, Chavi Mehta, Yuvraj Malik, Aditya Soni, Anna Tong, Shailesh Kuber, Leslie Adler Organizations: SpaceX, Twitter, Microsoft, Google, X.AI Corp, Center, AI Safety, X Corp, Thomson Locations: OpenAI, Nevada, San Francisco Bay, Bengaluru, Anna, San Francisco

☆ Elon Musk launches artificial intelligence firm xAI
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

July 12 (Reuters) - Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI. "Announcing formation of @xAI to understand reality," Musk said in a tweet on Wednesday. The website said xAI will hold a Twitter Spaces event on July 14. Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing. The firm lists Musk as the sole director and Jared Birchall, the managing director of Musk's family office, as a secretary.

Persons: Elon Musk's xAI, Musk, xAI, Jared Birchall, Akash Sriram, Shailesh Organizations: Wednesday, Google, Microsoft, Tesla, Twitter, X.AI Corp, Thomson Locations: Nevada, Bengaluru

☆ Elon Musk launches new company xAI, which proclaims a lofty mission to 'understand the true nature of the universe'
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk officially unveiled his new company xAI on Wednesday. Musk publicly introduced a new company called xAI, whose stated aim is to glean "the true nature of the universe." And an apparently all-male, 12-person team including Musk has been detailed to the heady task, according to its website, which doesn't list any female employees. Hendrycks has published about the potential dangers of AI, including the technology's ability to spread disinformation. With the launch of xAI, Musk now owns or is in charge of half a dozen companies, including Tesla, SpaceX, Neuralink, The Boring Company, and Twitter.

Persons: Elon Musk, Musk, xAI's, Tesla, Musk helms, Dan Hendrycks, Hendrycks, Musk's Tesla, Insider's Kali Hays, — Manuel Kroiss, Igor Babuschkin, Babuschkin, Brian Philip Organizations: Morning, X.AI, Tesla, Twitter, X Corp, Microsoft, AI Safety, SpaceX, Center, AI, Palo Alto Police Department, The Boring Company Locations: Nevada, Hendrycks, Palo Alto

☆ Investors are pouring money into Tesla because it's becoming an AI bet in addition to its status as the top EV name
▼ + stars: | 2023-06-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Investors are pouring cash into Tesla stock as part of a broader bet on the future of AI. Vanda Research said retail purchases of EV stocks other than Tesla made up just 6% of average daily Tesla purchases. Retail purchases of EV stocks other than Tesla make up just 6% of average daily Tesla purchases, and make up just 5%-10% of average daily Tesla purchases compared to the fourth quarter of 2020 and the first quarter of 2021, when Tesla inflows peaked. "Hence, we can confidently say that retail investors perceive TSLA as an AI proxy more than an EV story, at least for now." Institutional investors have also ramped up their Tesla bets, the note added, a sign that the appetite for Tesla stock has room to grow.

Persons: Vanda, Tesla, —, it's, that's, Elon Musk, he's Organizations: Vanda Research, EV, Service, Tesla, Wall Street Locations: Vanda, Nevada

☆ Elon Musk says 'I am the reason OpenAI exists' and that he 'came up with the name.'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk took credit for the existence of OpenAI and said he came up with the startup's name. "I am the reason OpenAI exists," Musk told CNBC's David Faber in a Tuesday interview. "I came up with the name," Musk told CNBC. Musk told CNBC Microsoft could "cut off OpenAI" at any point and has a lot of control over the startup. OpenAI, Microsoft, and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

The billionaire entrepreneur, also the top boss of Twitter, last week announced that NBCUniversal's former advertising head Linda Yaccarino will succeed him as Twitter CEO and that he will focus on products and technology at the social media firm. Here are some topics that may be discussed at the shareholder meeting. Proxy advisory firm Glass Lewis recommended Tesla shareholders vote against Straubel's appointment, citing worries about his independence. DEMANDInvestors hope Musk will talk about demand against the backdrop of a slowing economy and growing competition. He had flagged strong demand for the Cybertruck, but it takes time to get the manufacturing line going for the "very radical product".

☆ Here are 3 key things to watch for at Tesla's investor meeting, according to Deepwater's Gene Munster
▼ + stars: | 2023-05-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Tesla investors should watch out for three key things at the upcoming shareholder meeting, Gene Munster said. He estimated a 70% chance that Musk could step down as CEO in the next year, which could spark a sell-off in Tesla stock. Munster, a long-time bull and follower of Tesla stock, outlined two potential positives for Tesla stock, though he noted a major leadership change that could result in a sell-off for investors. Musk stepping down as Tesla's leader could spark a sell-off in Tesla stock, Munster warned in a previous interview with CNBC, as Musk is inherently tied to the company's brand. That involved him selling off his own Tesla shares to fund his $400 billion purchase of the social media site, a move that angered Tesla investors.

☆ Elon Musk claims he's the reason ChatGPT-owner OpenAI exists
▼ + stars: | 2023-05-16 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

"I came up with the name," Musk told CNBC's David Faber. Musk has previously repeatedly asserted that Microsoft controls OpenAI and that OpenAI's capped-profit model is questionable. Despite signing the letter, Musk still incorporated a rival AI firm, X.AI, in April. But Musk added that signing the letter warning of the dangers of AI was something he wanted to do "for the record." Page was "quite cavalier" about AI, Musk claimed.

☆ Elon Musk is giving Tesla shareholders reason for bullishness after his big Twitter announcement
▼ + stars: | 2023-05-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Wedbush maintained its outperform rating for Tesla, and shared a 12-month price target of $215, or about 27% higher than the current share price. The long wait times for vehicles, according to Piper Sandler, is a bullish sign because it means demand is robust. "The answer is complex, because wait times don't solely reflect consumers' appetite for buying Teslas vs. other cars." In effect, the lengthy wait times should be "interpreted favorably," in Potter's view. Piper Sandler's price target for Tesla is $280 a share, or more than 65% higher from current levels.

☆ Elon Musk cut off OpenAI's access to Twitter's data because he felt the company wasn't paying enough, report says
▼ + stars: | 2023-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

In December, Elon Musk shut off OpenAI's access to Twitter's data, the New York Times reported. Musk reportedly felt the AI company was not paying enough for access, per the publication. In December, only weeks after OpenAI launched ChatGPT, the company had its access to Twitter's data shut down, per a report. Musk felt that the approximately $2 million a year OpenAI was paying to license the company's data was not enough,The AI company had been licensing Twitter's data to help build its AI chatbot, per the NYT. Representatives for OpenAI and Elon Musk did not immediately respond to Insider's request for comment, made outside normal working hours.

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