Elon Musk's AI start-up,
xAI, has made headlines due to high executive turnover and ethical disputes linked to its AI technology,
Grok. The company recently raised
$10 billion, following rumors that Donald Trump threatens to counter-act with DOGE. Notably, xAI's top lawyer also resigned amid these controversy periods. Despite upheavals, xAI's ambitious AI plans have been boosted by a
$20 billion fundraising plan aiming to make it an industry leader.
Toncoin value fell after Musk disputed Telegram founder's claims of a $300 million partnership with
xAI. xAI was also the talk of the town for merging with
X in a stock deal valuing $113 billion, thereby causing its price surge.
Amid the chaos, xAI's Grok 4 has stolen the limelight by outperforming GPT-5. Plans to open source
Grok 2 to spur innovation were also announced. However, the company faces an impending lawsuit over air pollution from its data center operations.
SpaceX demonstrated faith in xAI by investing
$2 billion in the start-up. Eye-catching developments include the launch of controversial AI companions raising ethical concern and partnership with Kalshi, triggering crypto speculation.
Scrutiny over Musk's AI ambitions continues, amplified by Tesla's shareholder push for xAI proposals. In a strategic move,
Musk's xAI and
Nvidia joined Microsoft and BlackRock AI fund. Amid these controversies, xAI secured a
$200 million defense contract.
The company is reportedly raising $5 billion debt for AI infrastructure push and may potentially cooperate with Oracle to offer Grok 3 to business users. While xAI and Musk continue to fight the tide, the future seems full of potential.
XAI Coin News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sun, 17 Aug 2025 10:37:34 GMT -
Rating 3
- Innovation 7
- Information 6
- Rumor 8
