Elon Musk's cryptocurrency venture xAI is making some groundbreaking moves in the industry. The AI-driven coin has struck multiple partnership deals, notably with Shayne Coplan's Polymarket and Telegram, while also pursuing a uniquely hefty debt raise, eyeing $5B via Morgan Stanley. The Token price of 'Toncoin' consequently witnessed fluctuations due to these developments. Fascinatingly, Musk's xAI managed to secure a $300M deal with Telegram for the integration of Grok, a promising Chatbot technology. The introduction of the Gork meme coin>, inspired by Elon Musk, led to a surge in retail FOMO, escalating its price. Conflicting reports suggested that a potential partnership between Telegram and xAI is still pending. Notably, recent employment initiatives in xAI indicate hiring thousands, promising increased business activity within the AI crypto space. Musk's xAI made headlines with their Grok 3 model, which purportedly outperforms all AI models in benchmark tests. The recent merger of Elon Musk's AI Start-up with Nvidia also draws attention towards them. Amidst this, the Grok Meme Coin has managed to acquire traction in the cryptocurrency market. Colossus, another product from xAI, faced some scrutiny due to health scares in Memphis. Finally, widespread speculations arise following Musk's evaluation of possible Tesla $5 billion xAI funding amid its steady Bitcoin reserves.
XAI Coin News Analytics from Tue, 11 Jun 2024 07:00:00 GMT to Tue, 10 Jun 2025 12:55:50 GMT -
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