⇑ 'xAI Coin' Shaping the Future of Artificial Intelligence and Blockchain Technology
Elon Musk's xAI , an AI startup, has been making significant strides in the AI and blockchain technology scene. The U.S. Department of War has...
In a plethora of significant updates regarding Elon Musk's xAI, the AI-focused cryptocurrency has been tied to a multitude of headlines. El Salvador seems to be gravitating towards xAI, following an unsatisfactory Bitcoin experiment. The country is implementing a nationwide AI-powered education plan in collaboration with xAI. Notably, xAI is facing legal action from Ethereum Gaming Network over a trademark dispute.
On the investment side, xAI is reportedly seeking a hefty $10B in a new funding round and has been forecasted to reach a valuation of $200B. This has been boosted by Nvidia's backing, which includes a $2 billion investment as part of a $20 billion deal. However, the company has denied rumors of a merger with Tesla. xAI has also enlisted the partnership of Microsoft and BlackRock in a $40B data-center deal. Also, the firm is set to build a major data center in Saudi Arabia powered by Nvidia chips. An AI token rally has followed these developments.
Going beyond its ambitions, xAI has launched Grok 4, touted as a 'real-time, truth-seeking' alternative to Wikipedia and a groundbreaking 'world models' platform. As xAI continues to innovate, its direction seems to be shifting towards AI specialists rather than generalists, inducing some changes in executive posts as well. However, the company's aggressive strides in AI technology have not been without controversy, with multiple lawsuits hovering, including allegations of tech theft from OpenAI and environmental concerns related to its data centers.
XAI Coin News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Tue, 23 Dec 2025 07:16:07 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor 6
