XAI Coin, the cryptocurrency backed by Elon Musk's artificial intelligence startup, is caught up in a whirlwind of news events that could significantly impact its market position. Nvidia has reportedly backed
xAI in a hefty $20 billion deal, following BlackRock's support in a $6B funding round. The company also announced ambitious plans, such as launching Grok 3, which it claims dominated the large language model, and developing its blockchain project,
GORK, to outdo AI Coin. Musk's unfaltering ambitions for xAI, including a possible $200 billion valuation through new fundraising, serve as bullish indicators for XAI coin's future trajectory. But the path isn't entirely sunny. California's Attorney General made a shocking cease-and-desist move amidst the Grok deepfake scandal, and xAI is suing OpenAI over tech theft allegations. Furthermore, potential trademark infringement issues occur as the Ethereum gaming network Xai sued Musk’s xAI. Questions loom over XAI's standing with its unfolding consolidation talks with SpaceX and Tesla, a high-stakes merger move that may tilt the scales. Regardless of the myriad challenges, optimism persists. xAI had a solid track record in the market with price predictions indicating a path to reclaiming $1 gains. It's evident that Musk's heavyweight support and significant investments could push xAI Coin further into the lime-light. But, the slew of controversies warranted caution amongst savvy investors.
XAI Coin News Analytics from Thu, 17 Nov 2022 11:47:20 GMT to Sun, 01 Feb 2026 17:40:12 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 2
