Remembering the volatile cryptocurrency market shifts of 2021, many may have thought Elon Musk would steer clear of digital currencies. His tweets often sparked dramatic spikes and slumps in value. However, recently, Musk’s name popped up in the news not because of cryptocurrency, but due to a job advertisement for xAI, his artificial intelligence venture.
Is xAI Moving Towards Cryptocurrency?
In a significant development, xAI has merged with SpaceX, creating a corporate giant with an impressive $1.25 trillion valuation. This merger marks a new chapter for xAI, which has now begun the search for cryptocurrency experts to enhance its AI models. The company highlights the importance of specialists with a robust knowledge of market dynamics.
“As a Crypto Specialist, you will play a crucial role in advancing xAI’s pioneering AI models by providing high-quality annotations, evaluations, and expert justifications using proprietary labeling tools. You will collaborate closely with technical teams to support the creation and development of new AI tasks, focusing particularly on cryptocurrency and digital asset markets.”
The job role entails deep engagement with cutting-edge crypto strategies, such as on-chain analysis, DeFi protocol insights, and market risk management. It’s a role demanding sharp analytical skills and an ability to swiftly adjust to new challenges and developing environments.
What Does the Merger Mean for Both Companies?
SpaceX and xAI officially united on February 2nd. This merger is touted as creating the most innovative, vertically integrated engine for advances in AI, space exploration, and space-based internet. Their combined strength is expected to yield groundbreaking outcomes both on Earth and beyond.
Previously, SpaceX saw its valuation soar to $800 billion during a secondary share sale. Concurrently, xAI’s funding endeavors valued it at roughly $230 billion, raising $20 billion. Public offerings might soon position the merged entity at the forefront with a projected valuation of $1.25 trillion.
Key takeaways from this development include:
- The merger creates a unified force valued at $1.25 trillion.
- xAI actively seeks crypto experts to integrate advanced AI models.
- Musk’s companies are positioned as leaders in both AI and space innovation.
Despite Musk’s previous reservations about digital currencies, his actions suggest a pivot towards embracing cryptocurrencies as part of his ventures, leading to speculation about the future influence of his AI-driven strategies on the crypto market. The industry watches closely, anticipating the potential shifts that Musk’s latest moves may induce.
