Who is the owner of the xAI coin?

xAI, a pioneering venture in the realm of artificial intelligence, was conceived and brought to life by Elon Musk on March 9, 2023, amidst the vibrant landscape of Nevada. With a vision to revolutionize the AI industry, the company swiftly established its base in the heart of technological innovation – the San Francisco Bay Area in California.

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Recognizing the importance of a strong technical leadership, Musk reached out to Igor Babuschkin, a seasoned professional with a distinguished background in Google's DeepMind division. Impressed by his expertise and achievements, Musk successfully recruited Babuschkin to helm the engineering division of xAI as its Chief Engineer.

The official announcement of xAI's formation, a momentous milestone in the company's journey, was made by Musk himself on July 12, 2023. This announcement not only solidified xAI's position in the AI landscape but also sparked widespread interest and anticipation among industry insiders and enthusiasts alike.

As xAI continues to grow and evolve, it is poised to make significant contributions to the advancement of artificial intelligence. With a talented team led by Babuschkin and the unwavering support of Musk, the company is well-equipped to tackle the most pressing challenges in the field and push the boundaries of what is possible.