XAI coin continues to make waves in the cryptocurrency market, with its price ostensibly moving towards reclaiming $1 by 2025. Backed by billionaire Elon Musk, his artificial intelligence (AI) venture, xAI, aims to innovate the realms of AI and blockchain technology. Recently raising $6 billion, xAI is set to challenge industry rivals such as OpenAI. With its exceptional growth, the value of Musk's startup xAI felt past Twitter's acquisition price. This expansion has been bolstered by secure funding of additional $6 billion, suggesting a potential valuation at an impressive $40 billion. The company even plans to launch an AI game studio, announcing a pre-sales event for its private token, xAI88X. With colossal investments and significant ambitions, xAI aims to significantly influence the generative AI landscape, and was included in July's substantial token unlocks along with Worldcoin, Arbitrum, and others. Yet, despite its vision for the future, Tesla's investors have sued Musk for allegedly diverting resources to xAI, though one of the leading investment management firms, ARK Invest, poured $60M into Musk's AI venture. Amidst this, Musk's AI startup seeks an additional $40 billion in funding, even announcing the advent of an AI game studio under xAI. However, EU watchdog has recently filed a lawsuit against xAI over alleged AI data violations. Despite these challenges, xAI coin predicts a significant price boost its price, with its mainnet's growth and Pyth Price Feed intensifying web3 gaming.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Sat, 28 Dec 2024 15:05:00 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor -7
