EX Populus in 2023 developed the XAI platform, with which video games developers can use game solutions based on AI. However, recently, this platform has been mistaken for the company of Ilona Mask called XII, which also operates in the field of artificial intelligence, according to the lawsuit filed by EX Populus in the court of the Northern District of California.
Ex Populus claims that the XII trademark was registered in June 2023. Despite this, Elon Musk continued to publicly use a similar name for his own company. The GROK neural network, created by the company of the XAI Mask, said that the EX Populus account is related to the Mask company, the plaintiff is outraged.
The course of the native token of the game platform, Xai, soon fell by 92%, to $ 0.048. Now its market capitalization is $ 83.5 million.
“Users familiar with our brand and its established reputation in the video game industry began to mistakenly confuse the XAI platform with XAI Mask. In connection with the growing confusion around Ilon Mask, we will continue to defend our brand, which the community trusts, ”said the team of ex populus.
According to the recent forecast of the GROK neural network, in the next decade, Bitcoin can be the best cryptoactive for investment due to coin deficiency and increasing the interest of large companies, as well as growing inflation.
Source: Bits
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