Ethereum gaming network XAI sues Elon Musk’s AI company
Ethereum gaming firm Ex Populus is taking legal action against Elon Musk’s artificial intelligence company, xAI. The name similarity has allegedly caused widespread market confusion.
- Ex Populus sues Elon Musk’s AI company over trademark infringement.
- The similarity in name and sector has allegedly caused widespread confusion amongst traders, with many believing the firm’s network to be part of Musk’s AI gaming firm.
The Ethereum ( ETH )-based gaming network has filed a lawsuit against Elon Musk’s artificial intelligence company xAI, accusing it of trademark infringement. The Ether gaming firm behind the network, Ex Populus, announced the lawsuit via its X platform and on its community forum .
“With increased confusion around Elon Musk’s AI company, it’s a big responsibility to safeguard the brand that the community trusts,” said the official account.
Launched in 2021, Ex Populus is a game production and publishing company that focuses on blockchain-based gaming, specifically in the Ethereum ecosystem.
In 2023, the company developed a platform called Xai that enables video game developers to make use of AI-driven gaming solutions and autonomous software systems across multiple platforms. As of late, this platform has been mistaken for Elon Musk’s own artificial intelligence company, which he dubbed xAI.
XAI’s claim over Elon Musk’s trademark infringement
According to the document, Ex Populus filed the lawsuit on the grounds of trademark infringement, unfair competition and false designation of origin as well as unfair business practices. It claims to have registered the trademark since June 2023, which protects it under common law rights.
Despite the trademark, Elon Musk has continued to publicly use the name to refer to his artificial intelligence company linked to the X social media platform. On July 2023, Elon Musk announced he would create a new artificial intelligence and technology company that he named “xAI.”
As a result, many traders began mistaking Ex Populus’ network for Musk’s AI gaming venture. As the post had already reached more than 36 million viewers, it amplified consumer confusion between the two brands. Not to mention, X’s own AI assistant Grok mistakenly told users that the social media account for the Ex Populus network was linked to Musk’s AI company.
“Consumers familiar with Plaintiff’s XAI brand and its established reputation in the video gaming industry instantly began inaccurately conflating Plaintiff with Musk’s/Defendants’ “xAI” company,” wrote the company in the lawsuit filing .
XAI price analysis
After news of the lawsuit against Musk went viral, the native token experienced a drop in value. On August 25, the token dropped 5.16% from its previous daily peak. It is currently trading at $0.0499.
The sharp rejection and highlighted drop zone indicate that bears remain in control for the short term. If this level fails to hold, the next significant support could be around the $0.047–$0.048 range as it continues to dive even lower.
The Relative Strength Index currently sits at 36.89, which is close to the oversold zone. This indicates that bearish momentum is strong but could be nearing exhaustion. The RSI has been trending below its moving average, reflecting sustained weakness. However, with RSI nearing oversold territory, a short-term relief bounce is possible if buyers step in.
Price chart for XAI in the past few days, August 25, 2025 | Source: TradingView
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Siri AI integration: Apple bets on new smart home entry! First display “brain” HomeView debuts, complete smart home accessory set unveiled
The HomeView is priced at $299, featuring a 7-inch square screen and powered by the A18 chip. It comes in both desktop and wall-mounted versions, supports facial recognition linked to Siri AI, and can recognize up to six users. It will not be released in the EU for now, as Siri AI is not available locally. Apple has teamed up with LG and Schneider to launch an Apple Home Collection smart home accessory series, including indoor and outdoor floodlight cameras, video doorbells, thermostats, and door locks. The new generation Apple TV 4K is equipped with the A19 chip, supports Siri AI voice interaction, and is priced at $299. The second-generation HomePod mini is priced at $149, featuring new interactive lighting effects, with both products seeing price increases from previous models. Analysts are optimistic about Apple’s opportunities in expanding its home business, while the foldable iPhone set to begin pre-sale on Friday remains the recent highlight.
Lighter plunges 12% – $2.9M in long liquidations trigger panic exits
SUI Chart Projects a Rally Through Late 2027
AI Trading Logic Shifts! From Japan and Korea to the US, Global Chip Stocks Plummet, Star IPOs Stalled, Changxin Technology Breakthroughs Raise Repeated Alarms
Among AI-related stocks that have risen significantly this year, storage chip stocks are particularly prone to profit-taking; under crowded trading and high valuations, new signs of competition are enough to trigger concentrated selling. According to Wall Street sources, Changxin Technology's 4F² DRAM architecture has provided investors with an opportunity to take profits. While its technological advancements are indeed significant, they should not be directly regarded as an immediate threat to existing manufacturers. The AI rally has not ended and may be entering its next phase, with investors focusing more on realizing profits rather than purely betting on infrastructure expansion.
Crypto prices
More
