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    Home»Crypto Market Trends»Elon Musk’s $97 Billion OpenAI Bid Sparks AI Crypto Surge
    Crypto Market Trends

    Elon Musk’s $97 Billion OpenAI Bid Sparks AI Crypto Surge

    Team_SimonCryptoBy Team_SimonCryptoFebruary 11, 2025No Comments1 Min Read
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    Musk’s Try to Reclaim OpenAI

    Musk co-founded OpenAI in 2015 however left earlier than it turned a frontrunner in synthetic intelligence. He has since criticized its shift away from open-source growth. Now, he’s partnering with Baron Capital Group, Emanuel Capital, and his AI startup, xAI, to purchase OpenAI.

    OpenAI CEO Sam Altman dismissed Musk’s provide with a sarcastic publish on X. He responded, “No thanks, however we’ll purchase Twitter for $9.74 billion if you’d like.” The comment highlights their ongoing rivalry.

    AI Tokens Soar in Response

    Musk’s bid has triggered a surge in AI-related cryptocurrencies. The full market worth of AI cash jumped 11% to $30 billion, whereas AI-powered brokers rose 18% to $7.8 billion.

    Among the many top-performing tokens, Bittensor (TAO) gained 17% following its newest improve. Analysts on X have pointed to TAO because the AI coin to observe.

    In the meantime, traders are shifting away from meme cash into tasks with sensible use circumstances. AI-driven crypto belongings are gathering steam, which signifies the demand for blockchain-based AI options.



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