The price of Pi Network’s token has surged by 38% this week ahead of an expected announcement involving artificial intelligence, fueling chatter about a possible partnership with Google.
The buzz started when Pi Network co-founder Nicolas Kokkalis appeared on a generative AI panel at Consensus 2025, sparking speculation about Pi’s next move. On Sunday, Pi Network posted on X that the company would provide answers on Thursday at an event called Pi2Day.
The panel appearance of one of its co-founders and the follow-up post from Pi signaled that the company may be preparing to integrate artificial intelligence technology directly within its ecosystem.
Since the post, the Pi Network (PI) token surged, peaking at $0.65 on Wednesday, up 38% from its Sunday low of $0.47. However, the token had dropped back to $0.57 at the time of writing.
Rumors of a Google collaboration circulate on social media
Following the PI token surge, social media users have been discussing what the AI announcement will be about.
One X user said that the network is rumored to have a deal with Google AI. The user suggested that the star seen on a Pi Network announcement may be similar to the logo of Google’s artificial intelligence arm. Another community member said the announcement may relate to another project called PiAI.
While some speculated that the announcement will be big, others were more cautious. A community member wrote that while some may be bullish for Saturday, they should “lower their expectations” to avoid disappointment.
Cointelegraph reached out to Pi Network for comment but had not received a response by publication.
Meanwhile, another community member questioned Pi’s value proposition. “I haven’t noticed anything innovative, as other blockchains/projects have already done most of what they’re doing,” the user wrote, urging the community to ask questions and be critical of the project.
Related: Pi Network migration problems: Users report KYC, 2FA and balance errors
Pi Network’s $100 million startup fund
The surge followed another major announcement from Pi Network last month. On May 15, the company launched a $100 million fund to invest in businesses and startups that would work to enhance the utility of its blockchain ecosystem.
The team said the investments will generally be denominated in US dollars. However, the project also seeks to use its native token to fund eligible projects.
Magazine: Why being a Gen Z crypto founder is a ‘blessing and a curse’
Read the full article here
