Elon Musk, the CEO of Tesla, owns the artificial intelligence startup XAI. Musk started this firm in March of this year. After OpenAI introduced the cutting-edge AI chatbotChatGPT in Q4 2022, people only began discussing AI technology in the first half of 2023. Musk said that he no longer loves cryptocurrencies since he is now a devotee of artificial intelligence.
A screenshot of a news item on the XAI corp crypto token was posted by an official Dogecoin (Doge) creator, who affirmed that the token is unrelated to Musk or any of his businesses.
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In response, Tesla CEO Elon Musk stated categorically that none of his businesses will ever produce a cryptocurrency token.
Elon Musk Disclaims Involvement with XAI Crypto Token,Elon Musk Disclaims Involvement with XAI Crypto Token
Musk has already discussed phoney cryptocurrency tokens that are linked to his businesses. He has repeatedly said that no cryptocurrency tokens would ever be created by Tesla, X (Twitter), or xAI.
Musk just posted a snippet of an X interview with Prime Minister (PM) of the United Kingdom Rishi Sunak. The interview’s overarching goal was to highlight AI technology.
The trade price of this cryptocurrency skyrocketed after the shared interview. However, the transaction price fell 25% when Musk clarified that this cryptocurrency token was not, nor is it, being sponsored by his company.
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At the time this article was written on November 4, 2023, the cryptocurrency token’s market capitalization was $2.25 million, which was 188% more than it had been over the previous seven days.
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