Synthetic intelligence (AI) associated crypto tokens posted good points after Tesla and SpaceX CEO Elon Musk on Wednesday unveiled a brand new AI firm referred to as xAI as an alternative choice to widespread chatbot ChatGPT. SingularityNET (AGIX) rose 11% over the previous 24-hours, whereas Fetch.ai (FET) climbed about 7% over the identical time interval. The group will probably be led by Musk and consists of members which have beforehand labored at DeepMind, OpenAI, Google Analysis, Microsoft Analysis, Tesla, and the College of Toronto, based on the corporate web site. The newly shaped firm will probably be a separate entity from Musk’s X Corp., however xAI mentioned it would work intently along with his different corporations. xAI will host Twitter Areas chat on Friday, July 14th.