According to BlockBeats, the price of the XAI token, belonging to artificial intelligence company xAI, experienced a short-term increase of nearly 10% on March 11th. The surge was a result of Elon Musk's announcement that xAI would open-source Grok this week. The token's price temporarily reached $1.585.
The announcement by Musk, the CEO of Tesla and SpaceX, has generated significant interest in the xAI token and its associated project, Grok. Open-sourcing the project is expected to attract more developers and users to the platform, potentially leading to further growth in the token's value.
As the world of cryptocurrencies and blockchain technology continues to evolve, announcements from influential figures like Musk can have a significant impact on the market. Investors and enthusiasts alike will be keeping a close eye on the developments surrounding xAI and its open-sourced Grok project.
