Elon Musk's AI startup,
xAI, has seen incredible growth and success, which has been backed by several large entities including Microsoft, Nvidia, and BlackRock - along with his own company Tesla. xAI is often compared against its major rivals like OpenAI and Jeff Bezos-backed Anthropic, but the innovative developments, such as the launch of Grok 3 and Grok 2 models, have positioned xAI as a leading contender.
It's no surprise that with such significant technological advancements, the coin related to this project,
XAI Coin, has gained considerable momentum in the market, with the prospect of reclaiming their $1 value in sight. In fact, they saw their price increase by 34%, indicating a positive uptrend that could lead to further growth. It's also notable that Musk's AI venture has attracted huge funding, raising a whopping $6 billion to help it gain supremacy in this highly competitive field.
Meanwhile, xAI is making its name in the gaming industry too, with its decision to launch an AI game studio that brings blockchain rewards to Steam gamers. This development lends credibility to the claims that XAI is the next big crypto opportunity. Despite being a relative newcomer, the overall evaluation, ambition, and investments in xAI indicate a positive future for this coin.
Nevertheless, some questions have been raised about Musk's financial backing of xAI via Tesla, with Musk denying any such partnership. However, it's clear that Musk sees immense potential in this AI startup, given that there are talks about Tesla funding xAI to the tune of $5 billion.
XAI Coin News Analytics from Mon, 20 Nov 2023 08:00:00 GMT to Wed, 19 Mar 2025 15:54:00 GMT -
Rating 6
- Innovation 8
- Information 5
- Rumor 8
