↑ Elon Musk’s xAI Coin Promises Futuristic AI Innovations, Drawing Unprecedented Funding Rounds
XAI coin continues to make waves in the cryptocurrency market, with its price ostensibly moving towards reclaiming $1 by 2025. Backed by...
The rapid progress of Elon Musk's xAI is surpassing that of OpenAI, within 16 months with various notable accomplishments such as plans to launch an AI game studio and even reaching a higher valuation than Musk's acquisition price for Twitter. The recent private pre-sale event for xAI88X further showcases xAI's growth potential, instigating dialogues about how the token might impact the world. The tech visionary's AI venture, which recently went online, is supported and financed in part by Musk’s other enterprise, Tesla. Tesla's involvement, however, has led to some controversy, with investors questioning the redistribution of resources.
In a significant collaboration, the Xai Foundation has paired up with Peeking Duck Studios to launch an exclusive Web3 game. Accruing substantial funding, xAI's valuation has skyrocketed, making it a contender against current industry leader OpenAI. Tech giant, Oracle and Nvidia have demonstrated interest in partnerships, while Dell has also entered talks to build an AI factory possibly powering xAI. Amid funding talks, Musk has categorically denied a $500 million investment.
Despite hurdles, the xAI’s Grok-2 AI assistant and RPG-style trading card games are slated to revolutionize aspects of AI and gaming respectively. Regulatory issues are emerging with the EU watchdog filing a lawsuit against Musk's venture over alleged AI data violations. Notably, ARK Invest, Cathie Wood’s firm, has invested $60 million into the AI start-up and as a result, there is significant speculation about xAI's future, specifically its price predictions and valuation.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Sun, 01 Dec 2024 13:27:58 GMT - Rating 3 - Innovation 7 - Information 6 - Rumor -5
