Encrypted tokens related to artificial intelligence (AI) rose more than 3% as Musk launched a new artificial intelligence company called xAI, Jinse Finance reported. Tokens such as SingularityNET (AGIX) are up more than 6%, while Fetch.ai (FET) is up about 3%. The team will be led by Musk and include members who have worked at DeepMind, OpenAI, Google Research, Microsoft Research, Tesla and the University of Toronto, according to the company website.

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