While Elon Musk prepares to release yet another AI chatbot on the world, the hype machine is already in overdrive. The tech billionaire’s latest creation, Grok 3, is scheduled to drop February 17, 2025, complete with a live demo and Musk’s typical flair for dramatic announcements.
He’s even gone offline to “hone” the product – because apparently, that’s a thing tech CEOs do now. Musk’s dedication shows as he plans to stay offline until Monday night when the release happens.
The mere announcement sent crypto speculators into a frenzy. A token called Grok – which has zero connection to Musk’s xAI company – skyrocketed 82% to $0.0053. That’s right, people are throwing money at a token that’s not even officially associated with the actual product. Classic crypto mania at its finest. The token’s market value has quickly reached market cap of $33.51 million following the announcement.
In peak crypto fashion, traders rushed to buy a Grok token with zero ties to Musk’s actual AI project.
Behind the scenes, xAI isn’t playing small ball. The company has secured a whopping $6 billion in funding from heavy hitters like Nvidia and AMD, landing a $75 billion valuation. Not bad for a company trying to compete with ChatGPT and Google’s Gemini.
Fun fact: Musk turned down nearly $100 billion for OpenAI back in the day. Bet that stings a little now.
Grok 3 promises some genuinely interesting features. It’ll have real-time access to X (formerly Twitter) data and, in true Musk fashion, comes with a “rebellious streak” and less-than-polite language.
The AI reportedly packs 10x more compute power than its predecessor and might even generate videos. It’s like ChatGPT’s edgy cousin who went to art school.
The chatbot will be available to X premium subscribers, fitting neatly into Musk’s grand vision of transforming X into an AI platform.
He claims it’s the “smartest AI on Earth” – a bold statement considering the competition. But then again, bold statements are kind of Musk’s thing.
Whether Grok 3 lives up to the hype remains to be seen, but one thing’s certain: it’s already making waves in the always-volatile intersection of AI and crypto speculation.
