top of page

AI Tokens Jump on Irrational Euphoria as Musk’s X Corp Reveals xAI Shareholding

Artificial intelligence (AI)-focused tokens rose over the weekend as developments in key AI companies sparked euphoria around the long-term growth of the emerging technology sector. On Sunday, technology entrepreneur Elon Musk said shareholders of X Corp, which holds a basket of companies, would have a 25% stake in the new AI venture xAI. xAI recently started to test its Grok chatbot, which has already spurred hundreds of replica tokens. Elsewhere, reports of Sam Altman, the founder of ChatGPT developer OpenAI, possibly returning to the board after a surprise ousting last week bolstered bullish sentiment for the AI token sector.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page