In recent occurrences in the
cryptocurrency market,
Elon Musk's firm xAI has been making significant strides. The company has made partnerships with significant entities including
Kalshi and is aiming to introduce
Grok to prediction markets. Reacting to potential threats from
Trump to deploy
DOGE, xAI has raised $10B. In addition, the firm has sparked controversial discussions with the launch of
Ani AI. Tesla's shareholders are pushing xAI proposals while the firm looks to raise another $20Bn. Furthermore, rumors on a partnership deal with
Telegram worth $300 million have been shot down by Musk, causing a 7% fall in the value of
Toncoin. Amidst all the activities, xAI has received a
$200 million contract from the U.S Department of Defense for an AI suite. Despite facing a lawsuit over pollution allegations at its data centers, the firm has received previous funding worth $10billion putting the firm in a good position in the AI market. The company's ingenious
Grok 4 AI Model has stirred controversies and boosted the customer base by 1.8 million.
SpaceX plans on investing $2 billion in xAI for AI integration across Musk Ventures. Overall, while controversies and lawsuits surround xAI, the firm continues to show resilience in its innovative strides, funding raises, and major partnerships.
XAI Coin News Analytics from Fri, 30 Aug 2024 07:00:00 GMT to Sat, 26 Jul 2025 14:40:04 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
