Elon Musk launches xAI, an artificial intelligence works with Tesla, Twitter

Elon Musk has formed a new company focused on artificial intelligence (AI). Musk, runs Tesla and SpaceX, announced the company's launch on Twitter. Saying the company, xAI, was formed to "understand reality."

The company is expected to work closely with Tesla and Twitter, which Musk also owns, according to xAI. The entity is considered separate from X Corp, but will work closely with Twitter, Tesla and other companies “to make progress towards (its) mission.”

Elon Musk: Tesla will no longer accept bitcoin over climate concerns

 "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Mr Musk wrote.

"Cryptocurrency is a good idea... but this cannot come at great cost to the environment."

Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.

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