On July 13th, a team led by Elon Musk announced the establishment of xAI, an artificial intelligence company aimed at understanding the “true nature of the universe.”
xAI stated on its website that the team will be led by Musk himself, and its executives have previously worked in leading positions at various cutting-edge AI companies, including DeepMind under Google, Microsoft, Tesla, and academic institutions like the University of Toronto.
10 days later, Musk tweeted that he plans to replace the Twitter bluebird image and is open to using an excellent X Logo design. Over the following days, Musk took a series of actions, including announcing that X.com is now linked to Twitter, introducing a temporary X Logo, and changing his personal Twitter account's profile picture to the X Logo. Additionally, the official Twitter account also changed its profile picture to the X Logo.
As a result of Musk's series of statements and actions related to “X” on Twitter, the price of a token named “X” experienced a remarkable increase in the short term. However, it is important to note that currently, there is no association between the token named “X” available on Dextool and Musk. Furthermore, Musk has not announced any plans to issue an “X” token.
The token named “X” has experienced significant short-term volatility, and WikiBit advises investors to exercise caution when considering participation in this investment.