⇑ xAI Coin Gains Traction amid Partnerships, Fundraisers and Disputes

Various events have unfolded around Elon Musk's xAI. First, the introduction of GrokIPedia, a truth-seeking rival to Wikipedia, has generated significant buzz. The xAI is also taking proactive steps to gain traction and stand out. The recruitment of Nvidia Engineers to develop a state-of-the-art 'World Models' platform shows their commitment to leveraging top-tier technology. Also, there's a plan for a massive $20 billion lease-and-buy deal for Nvidia chips.

Disputes are also unfolding, with Elon Musk refuting claims of a $300 million partnership with Telegram founder, causing a 7% fall in Toncoin, and the Ethereum Gaming Network lodging a lawsuit over a trademark clash. Still, this hasn't dampened xAI's expansion as Musk merges xAI with X, signalling further consolidation in the sector.

Continuing to challenge the status quo, xAI launched Grok model 4 described as both remarkable and terrifying. Amid these developments, xAI is reportedly strengthening its position with massive fundraisers worth $4.3B and $10B. There are rumors that Musk is seeking a $200B xAI valuation in a new round of fundraising. Nvidia and xAI joined forces with BlackRock's AI Infrastructure Partnership presenting more promise for xAI's future.

However, potential conflict looms as OpenAI has become a target, with claims of alleged tech theft and a poaching scheme leveled against them by xAI. Amid all of these, the price of XAI coins fluctuated, prompting discussions about its prospective sustainability and momentum.

XAI Coin News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Tue, 28 Oct 2025 18:38:26 GMT - Rating 8 - Innovation 8 - Information 8 - Rumor 3