Elon Musk announced that Grok 3 is nearing launch, while escalating his $97.4 billion bid to take over OpenAI, advocating for massive U.S. government spending cuts, unveiling a futuristic ‘Dubai Loop’ transport system, and criticizing American foreign policy in the Middle East. (Source: Image by RR)

The Legal Fight Over OpenAI’s Nonprofit Status Could Redefine the AI Industry

Elon Musk announced that Grok 3, his latest AI chatbot and ChatGPT rival, is nearing completion and will be released within the next two weeks. Speaking at the World Governments Summit in Dubai, Musk claimed that Grok 3 demonstrates superior reasoning capabilities, outperforming any AI model currently available. Musk founded xAI as a direct competitor to OpenAI and Google’s AI efforts, positioning his company as a leading force in AI innovation. His latest move, as noted in reuters.com, intensifies the battle within the AI industry as he continues to challenge OpenAI’s dominance.

Musk, who was a co-founder of OpenAI, recently led a consortium of investors offering $97.4 billion to acquire OpenAI’s assets, an aggressive bid that comes amid his legal battle against the company. Musk has sued OpenAI CEO Sam Altman, arguing that the company’s transition to a for-profit structure contradicts its original mission as a nonprofit organization. OpenAI maintains that its for-profit transition is necessary to attract investment and sustain cutting-edge AI development. Musk criticized this shift, saying OpenAI’s complete abandonment of its nonprofit status goes too far, further escalating tensions between him and the AI giant.

Beyond AI, Musk spoke about economic policy, advocating for dramatic government spending cuts and increased economic growth. He proposed reducing U.S. government expenditures by $1 trillion while aiming for a 4-5% economic growth rate, predicting that these measures could eliminate inflation between 2025 and 2026. His remarks reflect his broader vision of government efficiency, a theme he has emphasized since his appointment by former President Donald Trump to oversee federal workforce reductions. Musk’s stance on economic policy aligns with his broader philosophy of streamlining bureaucracy and cutting excessive spending to fuel economic progress.

During his conversation with UAE AI Minister Omar Al Olama, Musk discussed a new partnership on the “Dubai Loop,” a futuristic high-speed underground transport system. While details remain scarce, Musk compared it to a wormhole for transportation, hinting at advanced infrastructure developments in the UAE. On the topic of international relations, Musk advised the United States to adopt a non-interventionist approach, stating that “the U.S. should mind its own business” instead of interfering in other nations’ affairs. His comments came amid global backlash against former President Trump’s controversial suggestion to resettle Palestinians and transform Gaza into a tourist hub, adding to the ongoing diplomatic tensions in the Middle East.

read more at reuters.com