Elon Musk's AI Projects and Controversies: A Recap
TL;DR
The price of memecoin Grok, inspired by Elon Musk's AI project, plummeted by 74% after allegations that its social media account was recycled from a former scam token. Blockchain sleuth ZachXBT shared screenshots showing that various social media accounts and websites tied to Grok were repurposed from old projects, causing the token's value to drop. In response, the Grok team burned 90 million tokens in an attempt to restore confidence. At its peak, Grok commanded a market capitalization of nearly $200 million, but its value has since significantly declined.
- Elon Musk AI project inspired memecoin 'Grok' falls 74% on creator scam claim Cointelegraph
- Elon Musk Furious at Sam Altman for Dissing His New Chatbot as "Boomer Humor" Futurism
- GROK Token, Inspired by Elon Musk's Grok AI, Hits $160M Capitalization in Latest Frenzy CoinDesk
- Elon Musk will speak at the Russian AI Conference EU Reporter
- Wikipedia founder Jimmy Wales takes a shot at Elon Musk’s X: The platform is ‘not really a great source of truth’ Fortune
- View Full Coverage on Google News
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