Musk’s xAI Startup: A Beacon of Hope for the DOGE Community

Boost for DOGE results in a new monthly high as Musk’s xAI startup takes off.

Dogecoin dog being picked up by a giant pink and purple gradient AI hand.
Created by Gabor Kovacs from DailyCoin
  • A new website for the artificial intelligence startup has been launched.
  • Elon Musk & his team announce a Twitter Spaces with more info.
  • Dogecoin reclaims key support level, reaches new monthly high.

Elon Musk, the most popular person on Twitter, who also happens to be the CEO of the micro-blogging platform, launched a new artificial intelligence company on Wednesday. Naturally, the Crypto Twitter community is excited – many members of the DOGE Army are guessing what the latest move by the Dogefather can bring for the original memecurrency.

The tech mogul told his Twitter audience that this new enterprise aims to “understand reality,” while a strong lineup of field experts will join the artificial intelligence venture—namely, members of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla. Naturally, xAI is bound to throw down the gauntlet to other tech leaders.

xAI Startup Gives Hope to DOGE Community

The latest move by the extravagant billionaire has made waves in the crypto community. Particularly, Dogecoin fans rejoiced on Twitter, as the Twitter Spaces regarding xAI is speculated to include more details about Dogecoin’s future.


Indeed, the DOGE Army remembered Dogecoin’s candidacy to become the tipping coin on Twitter 2.0, while some DOGE holders pointed out that $DOGE would make a great currency used for ad revenue sharing among the platform users.

Musk confirmed his support for the canine coin on multiple occasions and even remarked that “fate loves irony,” referring to the cryptocurrency made as a joke but with potential due to its utility and longevity.

At press time, $DOGE occupies the #10 spot by global market cap and is changing hands at $0.070017, with a 7.1% increase in the last 24 hours. DOGE reached the monthly all-time high of $0.071668 in the early hours of Friday, as $XRP, another popular altcoin, was deemed not a security in the high-profile SEC case.

On the Flipside

  • A letter in May 2023 by a non-profit organization stated that “mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”
  • The advisory letter was signed by top tech moguls, including Elon Musk. The advisor that penned the aforementioned letter, Dan Hendrycks, has now joined the xAI team to take AI “to the next level.

Why This Matters

Artificial intelligence has been one of the main talks of the cryptosphere & IT crowd this year.


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Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.