Why Dogecoin Co-Founder Thinks Elon Musk's New AI Company Will Be 'Really Interesting'

Dogecoin DOGE/USD co-founder Billy Markus, well-known as Shibetoshi Nakamoto, expressed enthusiasm for Elon Musk’s latest venture, xAI. 

What Happened: Musk, the CEO of Tesla and SpaceX, is expanding his business empire further with the introduction of xAI.  The company’s website went live on Wednesday, revealing its mission of "understanding the true nature of the universe”.

Markus on Wednesday said, "this [xAI] is gonna be really interesting, especially with it being trained on twitter."

The xAI website offers a glimpse into the team’s expertise and contributions to the field of artificial intelligence, listing projects such as AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4. 

To engage with the wider community and share their vision, xAI has scheduled a Twitter Spaces chat on July 14. 

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Why It Matters: In April, reports emerged that Musk was engaging in discussions with investors of Tesla Inc. and SpaceX regarding potential funding for an artificial intelligence (AI) startup. 

In April, the Financial Times reported that the billionaire entrepreneur had already secured thousands of processors from Nvidia Corp, for his AI venture.

Price Action: At the time of writing, DOGE was trading at $0.064, down 0.064% in the last 24 hours, according to Benzinga Pro.

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