Elon Musk co-founded OpenAI, but is now jumping into the AI arms race to fund a different venture, according to a report in the New York Post, which cites two anonymous sources who claim the billionaire industrialist is looking to fund his shadowy AI startup, xAI. 

Major tech companies developing generative AI models are pouring billions--and on the hunt for trillions--to finance their endeavors: OpenAI founder Sam Altman said last month he's hoping to raise trillions of dollars for the ChatGPT maker to stake a notable claim on the semiconductor industry. The chip-making sector is currently dominated by Taiwan's NVIDIA.