{"id":24605,"date":"2023-11-20T10:01:07","date_gmt":"2023-11-20T10:01:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ai-tokens-surge-following-musks-x-corp-unveiling-of-xai-shareholding\/"},"modified":"2023-11-20T10:01:07","modified_gmt":"2023-11-20T10:01:07","slug":"ai-tokens-surge-following-musks-x-corp-unveiling-of-xai-shareholding","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ai-tokens-surge-following-musks-x-corp-unveiling-of-xai-shareholding\/","title":{"rendered":"AI tokens surge following Musk&#8217;s X Corp unveiling of xAI shareholding"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/03\/1633009691751-459ccfc1-20f0-4cb1-bbcf-0368b0654218-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/03\/1633009691751-459ccfc1-20f0-4cb1-bbcf-0368b0654218-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/03\/1633009691751-459ccfc1-20f0-4cb1-bbcf-0368b0654218-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/03\/1633009691751-459ccfc1-20f0-4cb1-bbcf-0368b0654218-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Musk\u2019s announcement of a 25% stake in xAI for X Corp shareholders, along with Grok chatbot testing, sparks AI token surge.<\/li>\n<li>The AI tokens are also responding to the ouster of Sam Altman from OpenAI.<\/li>\n<li>Altman is now headed to Microsoft.<\/li>\n<\/ul>\n<p>Artificial Intelligence (AI)-focused tokens experienced a significant boost over the weekend, propelled by key developments in the AI sector. <\/p>\n<p>Traders exhibited strong confidence in the long-term growth potential of these tokens, triggered by notable announcements from industry leaders.<\/p>\n<h2>Elon Musk\u2019s revelation sparks euphoria<\/h2>\n<p>Technology entrepreneur Elon Musk announced that shareholders of X Corp, a conglomerate holding a diverse range of companies, would hold a substantial 25% stake in the newly unveiled AI venture, xAI.<\/p>\n<p>The excitement surrounding this revelation was amplified as xAI initiated testing for its Grok chatbot, leading to the creation of numerous replica tokens.<\/p>\n<h2>Sam Altman\u2019s ouster from OpenAI<\/h2>\n<p>In a separate development, there were reports that circulated at the beginning of the weekend about the possible return of Sam Altman, founder of OpenAI (developer of ChatGPT), to the company\u2019s board. These reports caused AI cryptocurrencies to surge.<\/p>\n<p>The AI coins have remained bullish even after confirmation that <a href=\"https:\/\/coinjournal.net\/news\/breaking-sam-altman-joins-microsoft-to-lead-ai-research-team\/\">Altman was headed for Microsoft to lead AI research<\/a> and will not be coming back to OpenAI. His position at OpenAI has been given to Emmett Shear, the ex-CEO and cofounder of Twitch.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today I got a call inviting me to consider a once-in-a-lifetime opportunity: to become the interim CEO of <a href=\"https:\/\/twitter.com\/OpenAI?ref_src=twsrc%5Etfw\">@OpenAI<\/a>. After consulting with my family and reflecting on it for just a few hours, I accepted. I had recently resigned from my role as CEO of Twitch due to the birth of my\u2026<\/p>\n<p>\u2014 Emmett Shear (@eshear) <a href=\"https:\/\/twitter.com\/eshear\/status\/1726526112019382275?ref_src=twsrc%5Etfw\">November 20, 2023<\/a><\/p>\n<\/blockquote>\n<h2>AI token market witnesses substantial gains<\/h2>\n<p>The AI crypto market responded positively to the above developments, with notable performances across various tokens.<\/p>\n<p>Bittensor\u2019s TAO recorded a 7.7% increase on Monday, adding to a remarkable 83% rally over the past week.<\/p>\n<p>Render\u2019s RNDR, Ocean Protocol\u2019s OCEAN, Fetch AI\u2019s FET, and SingularityNet\u2019s AGIX are also bullish and have outperformed major cryptocurrencies like <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a>. However, smaller AI cryptocurrencies like Synesis One (SNS), LimeWire (LMWR), and nuco.cloud (NCDT) are leading the AI token bull run with 97%, 56%, and 35% price surges respectively.<\/p>\n<p>The broader AI token market cap witnessed an impressive 10% surge on Monday compared to the 1.7% increase in the global cryptocurrency market cap<\/p>\n<p>The recent surge in AI tokens demonstrates the growing prominence of the sector, akin to the impact of gaming applications and decentralized finance (DeFi) tokens in previous market cycles. But, while uncertainties persist, the resilience of AI tokens in the face of corporate developments indicates sustained market interest in the potential of artificial intelligence technologies.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ai-tokens-surge-following-musks-x-corp-unveiling-of-xai-shareholding\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Musk\u2019s announcement of a 25% stake in xAI for X Corp shareholders, along with Grok chatbot testing, sparks AI token surge. The AI tokens are also responding to the ouster of Sam Altman from OpenAI. Altman is now headed to Microsoft. Artificial Intelligence [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24605"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24605"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24606"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}