XAI coin shows significant bullish activity fueled by a series of impactful events. Spearheaded by
Elon Musk, XAI released
Grok-2, a J.AR.V.I.S-inspired AI assistant, instigating an upward price trend. Musk's continual denial about utilising Tesla revenue for XAI provoked lawsuits, but his announcement of a possible
$5 billion Tesla investment into XAI still secured a
$24 billion valuation, indicating strong institutional confidence. XAI raised
$6 billion with Musk considering more capital infusion.
Musk’s enigmatic AI company,
xAI Colossus, came online marking an industry revolution, although details about it remain veiled in speculation. As Musk deemed crypto, not part of XAI’s foreseeable future, the coin’s price didn’t dampen, demonstrating its resilience.
XAI's
$350 million token unlocks in July included Worldcoin, Arbitrum, Aptos, and other notable tokens. Following Musk’s denial of partnership with Tesla, XAI established lucrative collaborations, including Peeking Duck Studios for a Web3 game and Yaku Corp for metaverse gaming.
Political controversies included Senator Warren's concerns over Musk's XAI investments and ongoing EU legal actions over alleged AI data violations.
Major crypto projects anticipated $755M unlocks, hinting at price volatility. Failed Oracle deal and uncertain token unlocks impacted XAI's market sentiment. Partnering up with Dell and Nvidia to build an AI factory, Musk strengthened XAI’s positioning.
XAI Coin’s furure predicts growth through 2030, indicating long-term bullish sentiment in the market.
XAI Coin News Analytics from Fri, 21 May 2021 12:26:48 GMT to Wed, 16 Oct 2024 01:07:28 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 4
