Elon Musk Spoke About xAI: "None of My Companies Will Create a Crypto Token"
On November 3rd, Friday, Elon Musk announced that his new venture, xAI, will release artificial intelligence to the market. Musk stated, "Tomorrow, xAI will release its first artificial intelligence to a selected group."
"From some critical perspectives, it's currently the best of what's out there."
Elon Musk Denied Crypto Token Plans
However, this development led to a strong increase in the price of the XAI crypto token, also known as XAI Corp., and many people mistakenly attributed it to a connection with Elon Musk's xAI initiative, resulting in a surprising increase of around 175%. As of the time of writing, the XAI crypto token is trading at $0.003216 with a 164% increase, and its 24-hour trading volume has risen by 13,300% to over $2.04 million. Popular crypto analyst DogeDesigner warned retail players not to get caught up in this frenzy, drawing attention to this development. The famous figure quickly responded:
"To be very clear, none of my companies will ever create a crypto token."
More Information About xAI
By announcing the launch of xAI's artificial intelligence, Elon Musk is clearly entering an AI battle with OpenAI and Google. In July, Elon Musk announced the ambitious goal of his AI venture to "reveal the fundamental truths of the universe," positioning it as a competitor to companies like OpenAI, Google, and firms like Anthropic, the creators of leading chatbots such as ChatGPT, Bard, and Claude.