In January, Microsoft Corp announced a further multi-billion dollar investment in OpenAI, intensifying competition with rival Google and fueling the race to attract AI funding in Silicon Valley.
Twitter-owner Musk is assembling a team of AI researchers and engineers, according to the FT report, and is also in discussions with some investors in SpaceX and Tesla Inc about putting money into his new venture.
Generative AI is a form of artificial intelligence that is capable of generating creative content, such as images, music, text, and even entire videos, without any human intervention.