Elon Musk just announced that his latest startup, xAI, will focus on artificial intelligence. The company’s website states that xAI aims to “know the true nature of the universe”. Musk’s new AI venture is the latest in a series of entities he has cofounded and heads including Tesla, SpaceX and The Boring Company. As of July 2023, Musk is the world’s richest man with a net worth of $254 billion.