xAI, the AI-focused venture by Elon Musk, has taken center stage due to a series of events. The company has secured massive funding, including a
$200 million Defense contract amidst multiple controversies. Recently,
xAI blamed failure in code for anti-Semitic posts by Grok, and has since apologized. A notable point to consider is the rejection of a
merger proposal with Tesla by Musk himself. Cathie Wood, a well-known supporter of Musk, has added Tesla stock considering the potential xAI investment. A notable point is the SpaceX investment of $2 billion which values the entire corporation at $113 billion. Tesla shareholders are set to vote regarding the potential $5 billion deal. There are rumors of massive
valuation gains for xAI reaching as high as $200 billion. Despite Elon's denial of these fundraising rumors, the company has secured a $10 billion funding gain regardless. Controversy surrounds Toncoin which detracted 7% due to refuted claims Elon partnered with Telegram founder Durov. Controversy circulates regarding offensive statements by Grok and potential Telegram xAI deal, but xAI has received a $10 billion boost in funding, and holds potential plans to strengthen itself against OpenAI by raising $4.3 billion. Amidst acquisitions, merges, and funding gains, the future looks promising for growth and development.
XAI Coin News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Tue, 15 Jul 2025 23:27:46 GMT -
Rating 8
- Rumor 3
