Elon Musk's xAI has been making waves as the tech mogul continues to move towards dominating the AI sector. Musk's brainchild, created with the goal to revolutionize gaming, is aiming for the big leagues with its new rollout,
Grok-3. This comes after a $97 billion offer rejection from OpenAI. Musk's cryptocurrency venture,
XAI Coin, has been gaining momentum with its price on a path to reclaim $1 by 2025. On the employment front, xAI aims to further expand its workforce, reportedly hiring thousands and even looking to establish an AI game studio. They've also launched blockchain rewards within Steam for gamers, adding an extra layer of value to the platform. On top of these developments are increased funding, ambitious evaluations hitting a $24 billion valuation following a $6 billion funding round, and plans to expand the already massive
Colossus Supercomputer tenfold. This is their way of challenging industry giants like Google and OpenAI. Despite significant progress, there has been volatility with the price of XAI dropping over 10% post-airdrop and after its debut on Binance, raising concerns. Yet, despite the controversies, Musk's venture into AI through xAI continues to exhibit promising developments and advancements.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Tue, 25 Feb 2025 13:57:46 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor 5
