Elon Musk's X.AI Shoots An Unrelated Token's Price By 780%; Crypto AI Tokens Also Up

The cryptocurrency token XAI saw its value increase by an impressive 780% during the past day. xAI is a brand-new artificial intelligence initiative from billionaire Elon Musk. The new endeavor is included under the “X” umbrella brand, along with businesses like Tesla. The goal of the new effort, in Musk’s words, is to “understand reality.” XAI, a mysterious and unrelated crypto coin, rose in value due to its introduction.