Elon Musk's start-up xAI has made numerous advancements and significant headlines recently. The primary highlights include that the
Wall Street Journal reported talks about raising funding, which could value the company at $40 billion, and the successful completion of multiple funding rounds, including
OpenAI's $6 billion competing bid. On top of that, it has unleashed its major project called
Grok-2, a new technologically advanced AI assistant, eying to take the top spot from ChatGPT by 2024.
Tesla's involvement with xAI has sparked controversy as investors sued Elon Musk for diverting resources for biased interests. However, Mr. Musk firmly denied any plans of Tesla buying xAI, despite also mulling a potential $5 billion investment.
The transition from an ambitious AI venture to a significant player in the crypto space was marked by the launch of the
XAI token, which initially experienced a dip of more than 10% after its
Binance debut. Still, it quickly regained momentum, with its price expected to reclaim $1. The platform also announced its
private pre-sale event xAI88X, gaining investor attention worldwide. With the
XAI Mainnet boosting gaming in Web3, the token reached a valuation of $24 billion.
Despite the mixed market reactions, the company has consistently maintained its focus on innovation. The
Gaming Token Airdrop continues to attract gamers and Ethereum users, while the launch of the
AI game studio adds to the company's ambitions.
XAI Coin's impact on the cryptocurrency market holds promise, even as critics raise eyebrows at the close involvement of
Elon Musk and the controversies surrounding the enterprise.
XAI Coin News Analytics from Fri, 16 Jun 2023 07:00:00 GMT to Tue, 24 Dec 2024 08:00:00 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 9
