Elon Musk has had a wild week. Now he wants to start an AI company.

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Musk is entering the field responsible for ChatGPT, but some worry his ambitions have lost their luster after failed promises and a tumultuous reign at Twitter

Musk finds himself in an unfamiliar position as he chases the latest tech bet: His business reputation is badly tarnished, and there are doubts about whether he can succeed.“His political capital, I think, is diminished,” said Gene Munster, managing partner of Deepwater Asset Management. Musk will probably have a tougher time recruiting, Munster said.Musk, Tesla, Twitter and SpaceX did not immediately respond to requests for comment. OpenAI did not respond to a request for comment.

“I think I will create a third option, although starting very late in the game of course,” Musk said. “It’s definitely starting late. But I will try to create a third option and that third option hopefully does more good than harm.”Musk has long been regarded as brilliant, a once-in-a-generation entrepreneur responsible for some of the most innovative companies of his time. He

Those who work at Musk’s companies have typically understood the deal: sacrificing work-life balance to fulfill their ambitions of having a hand in world-changing products. But there has been a rash of high-profile departures from Tesla, thanks in part to burnout, some of the people said. At Twitter, where only roughly 20 percent of theOne former Twitter employee who recently departed said many are realizing they are just following orders, with little chance to help create something new.

AI chatbots are part of the hottest sector in tech at the moment, with OpenAI’s ChatGPT, Microsoft’s Bing and Google’s Bard all vying for market share after being released to the public.

 

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