Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Elon Musk has created a new company xAI


July, 13 2023
watermark Economic news

Elon Musk, CEO of Tesla, SpaceX and Twitter, announced the launch of a new artificial intelligence company called xAI, which «will strive to understand the true nature of the Universe.» 


Musk and his team plan to provide more details about the project in a live Twitter chat Spaces on Friday. To work on the new project, Musk received thousands of GPU processors from Nvidia, which will be used to develop a large-scale language model.


One of the advisers to Musk's startup will be Dan Hendricks, executive director of the AI Security Center. Earlier, Hendrix published a letter on behalf of the leaders of the center that reducing the risk of human extinction due to artificial intelligence should become a global task, along with threats such as pandemics and nuclear war.


However, this letter was criticized by a number of scientists and ethicists, as the increased attention to the growing power of AI and its future threats distracts from the real harm that algorithms cause to vulnerable members of the community now, and not in the indefinite future.


Despite this, the founders of xAI say that their startup will focus on the mathematics of deep machine learning and the development of a «theory of everything» for large neural networks in order to achieve a new level of artificial intelligence.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.