Independent of Elon Musk’s new project XAI Cryptocurrency token called coin has seen a staggering 750% gain in the last 24 hours.
This unprecedented rise followed the recent announcement of a new artificial intelligence company called xAI, spearheaded by tech tycoon Elon Musk.
At the time of writing, XAI was observed to be trading at a very low value of $0.000000005126. It is important to note that caution is required when interpreting this value due to the extremely low trading volumes associated with XAI. In the past 24 hours, the trading volume of this cryptocurrency stood at just $327,114.
Musk’s current X Corp. xAI will operate as a separate entity, but collaborative efforts with its other companies are expected.
Musk will lead the xAI team, which consists of respected professionals with extensive backgrounds at key organizations such as DeepMind, OpenAI, Google Research, Microsoft Research, Tesla and the University of Toronto.
The chosen xAI nickname is a tribute to Musk’s earlier efforts, specifically X.com. Launched in December 1999, X.com was a pioneering online banking website. By a twist of fate, it merged with PayPal Holdings Inc, another venture co-founded by Musk, in March 2000, eventually becoming an independent corporation. Musk repurchased the rights to the X.com domain name from PayPal in 2017 and reused it for his latest venture.
Musk’s latest breakthrough into the field of artificial intelligence did not come as a surprise to avid followers of his startups. His earlier mention of his intention to develop TruthGPT as an alternative to ChatGPT raised anticipation for his ambitious pursuit.
Meanwhile, Musk bitcoinexpressed his support for a bold 2030 cryptocurrency prediction that could potentially launch the .
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