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X is for everything in the world of tech billionaire Elon Musk. Its the name of his child with pop star Grimes. It was the name of his startup X.com which later became PayPal. Its the corporate name of Twitter as disclosed in court documents last week. And its the name of the his new company X.AI for which he has been recruiting AI engineers from competitors and possibly buying thousands of GPUs.

Heres what is known about X.AI so far:

Musk who co-founded ChatGPT-maker OpenAI along with Y Combinator CEO Sam Altman and PayPal alums LinkedIn cofounder Reid Hoffman and Palantir cofounder Peter Thiel in 2015, resigned his board seat in 2018 citing potential conflicts of interest as Teslas CEO in the development of the car companys self-driving features, according to The Verge.

Since the Nov. 30 launch of ChatGPT going viral, Musk has sparred with Altman over censorship of ChatGPTs responses with what OpenAI deems to be inappropriate or harmful prompts. A self-proclaimed advocate for free speech, Musk tweeted, The danger of training AI to be woke - in other words, lie - is deadly.

Last month, Musk advocated for a pause across industry-wide AI development following OpenAIs release of the more advanced GPT-4 and signed a Future of Life Institute petition which garnered more than 26, 000 signatures.

He has since moved ahead with his own AI plans.

In his April 11 Twitter Spaces, Musk confirmed that Twitter is now at less than one-fifth its pre-acquisition size, down from a workforce of just under 8,000 last October to 1,500 today. He said at the time of acquisition, Twitter was tracking to lose over $3 billion a year. With just $1 billion in the bank, thats only four months of runway, he explained.

He recently valued the company at $20 billion, less than half of what he paid and said he regretted needing to sell a lot of Tesla stock to close the deal because he knew he overpaid. Although he acknowledged its been a rough start, he now feels the company has since turned a corner.

Were roughly break-even at this point and could be cash-flow positive this quarter if things go well. He also said most advertisers have come back. As for legacy verification badges, he said they are being removed next week, after delaying deletion on April Fools Day. Hes pushing hard for paid verification as he fast-tracks pivoting Twitter into an everything app, with payments.

On Apr. 13, eToro announced its partnership with Twitter by tweeting that users should start seeing real-time prices for stocks and crypto with the option to invest.

Whether Twitter integrates GPT-models to drive commerce for AI-generated fashion which Musk is a fan of or finds a way to use the technology to defeat the spam bots that have been inundating the platform, Musk told listeners to stay tuned.

He said he has no plans to move Twitter out of San Francisco yet and would like to turn one of the Twitter buildings into a homeless shelter once the building owner lets them. He also said he wouldnt sell Twitter if someone offered him $44 billion now, unless it was someone who could keep the platform an immediate source of truth. Musk said the money doesnt matter to him.

According to the Forbes real-time billionaires list, Musk is the second wealthiest person in the world with a net worth of $187.9 billion, next to LVMH CEO Bernard Arnault and family with a net worth of $241.7 billion. Musk was the richest person in the world before he offered to buy Twitter a year ago.

Other top ten billionaires on the Forbes list include Amazon cofounder Jeff Bezos at $125.6 billion, Oracle cofounder Larry Ellison at $120.3 billion, Berkshire Hathaways Warren Buffet at $113.8 billion, Microsoft cofounder Bill Gates at $110.2 billion, telecom giant Carlos Slim Helu and family at $95.1 billion, Bloomberg Media cofounder Michael Bloomberg at $94.5 billion, Google cofounder Larry Page at $93.5 billion and Loreal heir Francoise Bettencourt Meyers and family at $92.5 billion, as of April 14 5pm ET.

Updated with additional comments from the Apr. 11 Twitter Spaces, Musk tweet on ChatGPT training on Twitter data, Twitters latest valuation and details from the Forbes real-time billionaires list.

Tech and trending reporter with bylines in Bloomberg, Businessweek, Fortune, Fast Company, Insider, TechCrunch and TIME; syndicated in leading publications around the world. Fox 5 DC commentator on consumer trends. Winner CES 2020 Media Trailblazer award. Follow on Twitter @contentnow.

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Elon Musk Launches X.AI To Fight ChatGPT Woke AI, Says Twitter Is Breakeven - Forbes