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- Elon Musk took to Twitter to announce that xAI will make Grok open-sourced by this week.
- At the same time, XAI recorded a 4.29% spike in just one day.
The CEO of SpaceX and DOGE supporter Elon Musk took to X to announce that xAI, an artificial intelligence company, will make Grok, an AI chat bot, open-sourced by this week, enabling developers and users to gain access to the source code.
This week, @xAI will open source Grok— Elon Musk (@elonmusk) March 11, 2024
Despite this being a part of the AI sector, the crypto community has noticed that XAI, the token of a blockchain gaming project that almost shares a similar name to xAI, recorded a 4.29% spike in just one day.
Although XAI started the trading day at $1.465, the recent short-term surge pushed the altcoin to cross above the $1.5 level in a matter of minutes. As per CoinMarketCap’s data, XAI is trading at $1.54 after observing a double-digit hike of 16.88% in just seven days. At the time of writing, XAI’s market cap is valued at $426,073,589 as the altcoin moved into the green zone of the daily chart.
Did Elon Musk’s announcement trigger a bull run for XAI? Or, was the trader’s optimism responsible for XAI’s recent bull run? Stay tuned for more updates.
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