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This is a Coindk podcast network special report.

Crypto tokens that are related to artificial intelligence rose more than 3% on Wednesday. After Tesla and SpaceX CEO Elon Musk unveiled a new AI company called XAI as an alternative to popular chatbot

chat GPT.

Tokens such as SingularityNet rose more than 6% while Fetch.a.

Climed about 3% after the announcement of the new company with a goal to understand the true

nature of the universe.

The team will be led by Musk and includes members that

have previously worked at DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and

the University of Toronto, according to the company website. The newly formed company will be a

separate entity from Musk's X-Corp, but X-AI said it will work closely with his other companies.

Elon Musk previously has said that he is looking to create TruthGPT as an alternative to

chat GPT and will be maximum truth-seeking AI that tries to understand the nature of the universe.

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