⇗ Elon Musk's xAI faces a rollercoaster of recent events

Multiple news updates reveal that Elon Musk-led company, xAI, is going through several ups and downs. There has been continued executive turnover at Musk's firms, with xAI's top lawyer stepping down. In contrast, the firm continues to show signs of growth as Musk claims that Grok 4 outperforms GPT-5. On the financial front, the firm has raised $10 billion despite increasing threats from Trump regarding DOGE.

Meanwhile, Musk's bold xAI plan is gaining backing as OpenAI and Oracle expand a $500 billion Stargate spend. There's also speculation about SpaceX transferring $153M Bitcoin to a SegWit wallet, triggering further discussions about crypto.

There were certainly negative rumors that suggested a potential lawsuit over data center air pollution against xAI and the refusal by Musk to a $200 billion valuation speculation. Still, this didn't stop SpaceX from investing $2 billion in xAI, which has bolstered AI integration across Musk's ventures. This move led to the merged company being valued at $113 Billion.

In other news, Toncoin fell by 7% tied to Musk's dispute of Telegram and xAI partnership. Even with these hurdles, Musk managed to launch Grok 4 amidst controversies introducing a $300 SuperGrok Heavy Tier.

XAI Coin News Analytics from Sun, 04 May 2025 07:00:00 GMT to Fri, 08 Aug 2025 10:36:21 GMT - Rating 4 - Innovation 8 - Information 6 - Rumor -2