The Floki memecoin jumped almost 29% after Elon Musk posted a video of his Shiba Inu dog working as “CEO” of the social media platform X. American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X. On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.” CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price bounced from a low of $0.00006572 to a high of $0.00008469 after Musk’s post, a 28.8% increase. At the time of writing, the asset had corrected to $0.00007998. Read more
Elon Musk announced that the first beta for Grokipedia, xAI’s answer to platforms such as Wikipedia, will launch in two weeks. Elon Musk announced that his AI company, xAI, will launch the early beta for its Wikipedia competitor in two weeks, describing the service as the answer to “falsehoods” and “half-truths.” Replying to a post about the upcoming AI-powered “Grokipedia,” Musk said via X on Sunday that “version 0.1 early beta” will be rolled out in two weeks. Musk initially announced xAI was building Grokipedia on Sept. 30, stating on X that it “will be a massive improvement over Wikipedia,” adding that: “frankly, it is a necessary step toward the xAI goal of understanding the Universe.” Details on the specifics are currently sparse; however, Musk has previously stated that Grokipedia will consist of an “open source knowledge repository.” It appears that the idea for Grokipedia was brainstormed live during a summit hosted by The All-In Podcast in September. During his appearance, Musk was explaining to the...
Elon Musk’s lawyer Alex Spiro is set to chair a planned $200 million Dogecoin treasury company backed by House of Doge, as memecoin treasury vehicles begin to emerge. Elon Musk’s attorney Alex Spiro is set to chair a new public company that aims to raise $200 million to invest in Dogecoin, according to a Fortune report citing six people familiar with the deal. The initiative is being pitched to investors as a Dogecoin (DOGE) treasury vehicle with the endorsement of House of Doge, the corporate entity launched in early 2025 by the Dogecoin Foundation and headquartered in Miami, Fortune reported Friday. The company seeks to raise at least $200 million as a public vehicle to hold Dogecoin on its balance sheet, giving investors stock-market exposure to the token without direct ownership. Read more
Eliza Labs founder Shaw Walters said that xAI demanded more licensing fees from the agentic AI platform or face possible legal action. Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its ideas before “banishing” Eliza Labs from xAI. Eliza Labs co-founder Shaw Walters argues in the lawsuit that the relationship between the two companies started off amicably, with xAI inviting Walters to share ideas. He also said that they built on xAI’s application programming interface (API) because it was free. Walters added: Read more
Elon Musk announced the formation of a new political party on Sunday, telling one of his followers on X that it will embrace Bitcoin as “fiat is hopeless.” Tesla CEO and tech entrepreneur Elon Musk has confirmed that his newly formed political party — the America Party — will accept Bitcoin. “Fiat is hopeless, so yes,” Musk replied to an X user who asked if his new party would embrace Bitcoin. Elon Musk is no stranger to Bitcoin as Tesla was an early adopter, holding BTC in its treasury. Read more
Elon Musk’s xAI secures $10 billion to expand its operations as his clash with US President Donald Trump over government spending heats up again. Elon Musk’s artificial intelligence firm xAI secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments. The influx gives xAI more resources to expand its Memphis-based Colossus supercomputer and train its Grok chatbot, CNBC reported Tuesday, citing Morgan Stanley. The funding round was reportedly oversubscribed, with major investors vying for stakes in Musk’s AI vision. Musk’s AI push comes as American rivals race ahead. OpenAI closed a $40 billion raise earlier this year at a staggering $300 billion valuation, while Anthropic secured fresh backing that pushed its value beyond $60 billion. Read more