According to Stock Talk (@stocktalkweekly), Elon Musk’s artificial intelligence company xAI is set to sell $300 million in shares at a $113 billion valuation. This major capital raise positions xAI as one of the most valuable AI startups globally, intensifying competition with OpenAI and Google. For crypto traders, the move signals increasing institutional confidence in AI-driven blockchain integrations and could boost AI-themed tokens such as FET and AGIX, which have historically responded positively to large-scale AI investments. Market participants should closely watch for price volatility in AI-related crypto assets following this announcement (Source: Stock Talk, Twitter, June 2, 2025).