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Fortune

Marco Quiroz-Gutierrez

Hundreds of namesake crypto tokens pop up after Elon Musk announced AI chatbot Grok

Elon Musk Grok Crypto CoinDesk X

(Credit: Tolga Akmen—EPA/Bloomberg via Getty Images)

Elon Musk said on Friday that his companies would never create a cryptocurrency, but that hasn’t stopped a surge in interest for tokens with the same name as his latest creation.

Over the weekend, Musk and X, formerly Twitter, announced Grok, a large-language model built by the Musk-led xAI that's meant to compete with OpenAI’s ChatGPT.

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