Elon Musk's AI-driven cryptocurrency, xAI, has seen vigorous events unfold recently. These include a string of lawsuits over alleged technology theft against OpenAI, as well as trademark infringement cases filed by Ethereum gaming network Xai. xAI aims to provide Grok 4 models to US government through 2027, while battling technical and legal challenges.
The Grok AI model is also planned to be offered to Telegram as per a rumored $300 million deal, though concerns about volatile markets are rife. Despite pushback, Musk is seeking to raise $20Bn for xAI, asserting it as an optimal AI attribute for investment. Amidst the turmoil, shifts in executive roles have been observed within xAI.
Musk has disputed the idea of merging xAI with Tesla, as well as denied excessive fundraising rumors. xAI is turning heads by teasing upgrades to Grok, with a specific aim to make it more child-friendly. The company has generated excitement by announcing a $10bn capital increase, which has not been without controversy. Oscillations in the value of Toncoin, alongside reported discrepancies about a proposed partnership with xAI, have made news.
Despite a rocky path, Musk aims for a $200Bn xAI valuation via new funding and continues his feud with OpenAI by seeking $4.3bn to bolster xAI's position.
XAI Coin News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Fri, 26 Sep 2025 18:21:33 GMT - Rating -5 - Innovation 7 - Information 8 - Rumor 4
