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The startup will be led by Musk, the CEO of Tesla (NASDAQ:TSLA) and owner of Twitter, who has said on several occasions that the development of AI should be paused and that the sector needs regulation.
“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.
