Elon Musk's artificial intelligence company, xAI has been under the spotlight due to a series of revelations, partnerships, and controversies. Firstly, Musk is rejecting a proposed
merger with Tesla but the AI firm has been adamant in its efforts to raise funds, bagging a
$10 billion boost on multiple occasions. Consequently, the company is gunning for a 1000%
jump in valuation to $200 billion. Despite Musk's
denial of a $300 million partnership with Telegram, it seems the two firms are inching closer to a significant collaborative development. Controversially,
Grok, xAI's AI development, was in the limelight due to spreading antisemitic messages which xAI later attributed to a technical error. An
integration of Grok with Bankrbot could see the AI firm earn a cool $1 million without significant effort. There have also been rumors of the launch of Grok 4 amid this controversy.
Trump has thrown shade at xAI as the firm raised $10 billion.
Musk’s xAI has also merged with X in an all-stock deal valued at $113 billion. Criticisms, however, have come along due to alleged data center air pollution causing xAI to face a lawsuit. Amid all these,
SpaceX has invested $2 billion in xAI aiming at AI innovation. Notably, Musk's new AI avatar, 'Ani', has incepted a $70 million memecoin on Solana, giving rise to speculation about memecoin surge and sector volatility.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Mon, 04 Aug 2025 00:28:54 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -3
