US billionaire Elon Musk says he is no longer interested in cryptocurrency, switching to AI

Elon Musk at the Met Gala in New York in May 2022. Photo: Reuters

“I used to be in crypto, but now I’m into AI,” he said on Twitter on March 4. The post caused the value of Dogecoin, the meme coin that Musk has publicly endorsed, to fall 0.11%.

“Why not both?” the Twitter account of the world’s largest cryptocurrency exchange Binance asked back. Some even suggested that Musk could combine his passion for Dogecoin with AI technologies in the future.

Musk has approached several AI researchers in recent weeks about setting up a new lab to develop an alternative to ChatGPT, three people familiar with the matter said. Among them is Igor Babuschkin, a former senior researcher at Google DeepMind and OpenAI.

Elon Musk co-founded OpenAI in 2015 with a number of famous figures such as Sam Altman, Reid Hoffman, Peter Theil. Initially, this was an open source and non-profit organization. They focused on developing AI to counter Google, because they believed that the tech giant did not pay enough attention to the safety of AI.

Musk stepped down as chairman of OpenAI in February 2018. In 2020, he expressed displeasure when the company granted Microsoft an exclusive license to exploit GPT-3. He has recently continued to criticize OpenAI for not taking measures to prevent ChatGPT from creating conversations that contain false or offensive information.

Meanwhile, Dogecoin is a cryptocurrency that originated as a joke, created by computer engineer Billy Markus and marketing expert Jackson Palmer to criticize the Bitcoin craze since 2013. The value of Dogecoin has skyrocketed many times after Elon Musk posted tweets related to dogs.

Musk has revealed that he owns Bitcoin, Ethereum and Dodgecoin. His Tesla company has also invested $1.5 billion in this market. However, the American billionaire has continuously warned that cryptocurrencies are not a serious financial investment option.

According to VnExpress