Sam Altman · Anthropic · AI Agent · OpenAI · Gemini · Google · The Guardian Technology
Musk and Altman’s AI rivalry reaches boiling point as IPO race heats up
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Key facts
- The disclosure on Wednesday shed light on SpaceX’s usually secretive finances, showing that it is plowing billions of dollars into its AI subsidiary, xAI, and had a capital expenditure last year
- The rocket and satellite operations company will go public on the Nasdaq exchange at a valuation of about $1.75tn under the symbol SPCX, likely on 12 June
- The main takeaways from Elon Musk’s plans for $1.75tn SpaceX flotation
- The company describes it as “a 24/7 personal AI agent designed to proactively manage tasks and help you navigate your digital life, all under your direction
Summary
Control over artificial intelligence is concentrated in the hands of a tiny group of people. On Monday, Musk lost his lawsuit against Altman, with whom he cofounded OpenAI in 2015. The verdict, delivered after less than two hours of deliberation, is a stark rebuke of Musk and his lawyer’s claims that Altman “stole a charity” through his leadership of OpenAI. SpaceX will list on the US stock market before OpenAI, though.