Elon Musk has successfully mastered electric vehicle production and launching rockets into orbit. Now, he wants to build a video game company next.
What’s happening:
- Elon Musk has announced that his artificial intelligence startup xAI plans to launch a gaming studio to build new video games that leverage generative artificial intelligence technology
Why it matters:
- There has been a widespread criticism of a lack innovation in the video game business lately, which has started to shift due to the rise of blockchain based video games and emergence of promising new startups
Going deeper:
- xAI previously raised a multi billion dollar funding round which saw participation from multiple prominent venture capital funds including Sequoia Capital and a16z
- HEALLWELL AI (TSX: AIDX) also previously invested into xAI as part of an effort to gain access to the large language models and datasets that are currently in development
The intrigue:
- Elon Musk’s brain computer interface company Neuralink also previously was awarded a Breakthrough Device designation by the United States Food and Drug Administration for their medical device that aims to restore vision in individuals who are blind
