Tech mogul Elon Musk has unveiled plans to step into the gaming industry by launching a new studio under his artificial intelligence company, xAI. The announcement, shared via X (formerly Twitter), marks Musk’s latest effort to expand his influence into yet another major sector, following his ventures in space, electric vehicles, and social media.

The Tesla CEO is racing to make xAI, which launched after its competitors, the world’s most advanced AI company.

Elon Musk's artificial intelligence company, xAI, reportedly reached a valuation of $50 billion just 16 months after its founding in July 2023. It is now worth more than what the billionaire paid for Twitter. Arguably the most well-known name in the AI space, OpenAI, last valued at $157 billion, needed over nine years to achieve the same milestone.

Here’s a deep dive into Musk’s record breaking net worth including a detailed breakdown of all his assets from Tesla to Neuralink.