Elon Musk announced that xAI, his AI startup, is in the final stages of developing its AI chatbot, Grok 3, which is set for release in one to two weeks. According to Musk, Grok 3 has demonstrated exceptional logical capabilities, surpassing other existing chatbot solutions in testing.

xAI is Musk's venture aimed at challenging OpenAI, a company he co-founded, which has received investment from Microsoft (MSFT, Financial). Musk's new chatbot is an effort to compete in the rapidly evolving AI landscape, leveraging xAI's resources to introduce advanced AI functionalities.

As the AI industry continues to grow, the launch of Grok 3 highlights the ongoing race to create sophisticated AI tools capable of outperforming existing technologies.

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