⇑ Elon Musk's XAI Coin Continues to make Headlines with Major Developments
xAI , Elon Musk's AI venture, is seeing significant advancements and resultant investor interest. A leading engineer leaves the company,...
The Elon Musk backed cryptocurrency XAI is hitting headlines with big news. New AI model Grok 3, notably outperformed all its earlier models in benchmark tests, adding momentum to the XAI's potential for reclaiming its $1 valuation. Notably, Musk's XAI has raised over $11 billion in a record time, causing a surge in its valuation beyond the billionaire's investment in Twitter. Musk's XAI is now set to launch a specific AI game studio.
User excitement has motivated increasing global interests, with Nvidia reportedly considering investing in XAI. However, Musk denied Tesla's involvement in any AI technology partnership with XAI, yet he sought community opinion on a possible $5B Tesla investment in XAI. Meanwhile, XAI plans to scale up the Colossus supercomputer tenfold, thus challenging Google, OpenAI, and the Jeff Bezos-backed Anthropic.
Market speculations have surged, especially after Musk's XAI raised $6B at a $24B valuation, with Binance debuting a token named after Musk's startup, xAI. XAI Coin’s price shot up by 34%, suggesting potential for further growth. However, Musk denied any direct connection to the XAI Meme Coin.
This increase in investments and ambitious evaluations indicates Elon Musk's XAI envisions revolutionizing the generative AI landscape, given it has gathered such substantial funding to challenge OpenAI. Some are projecting that XAI could surpass OpenAI by the end of 2024.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Wed, 19 Feb 2025 19:25:43 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor 6
