The value of Pi Network’s token has increased by 38% this week in anticipation of a forthcoming announcement involving artificial intelligence, sparking discussions about a potential collaboration with Google.
The excitement began when Pi Network co-founder Nicolas Kokkalis participated in a generative AI panel at Consensus 2025, igniting speculation about the future direction of Pi. On Sunday, Pi Network shared on X that the firm would reveal information on Thursday during an event named Pi2Day.
The co-founder’s panel participation and the subsequent post from Pi hinted that the company may be gearing up to incorporate artificial intelligence technology directly into its ecosystem.
Post announcement, the Pi Network (PI) token rose sharply, hitting a peak of $0.65 on Wednesday, representing a 38% increase from its low of $0.47 seen on Sunday. However, at the time of writing, the token had declined to $0.57.
Speculations about a Google partnership spread on social platforms
In the wake of the PI token increase, users on social media have been speculating about the content of the AI announcement.
An X user mentioned that there are rumors of an arrangement with Google AI. They suggested that the star symbol noticed in a Pi Network announcement might resemble the logo of Google’s AI division. Another community member stated that the announcement could pertain to a different initiative known as PiAI.
While some were optimistic about the announcement’s significance, others adopted a more cautious stance. A community participant commented that while enthusiasm for Saturday is understandable, it’s better to “temper expectations” to prevent disappointment.
Cointelegraph reached out to Pi Network for clarification but had not received any feedback by the time of publication.
Additionally, another community member raised concerns over Pi’s value proposition. “I haven’t observed any groundbreaking developments, as other blockchains/projects have covered most of what they’re doing,” the individual noted, encouraging members to inquire and critically assess the project.
Related: Issues in Pi Network migration: Users report KYC, 2FA, and balance discrepancies
Pi Network’s $100 million initiative fund
The growth followed another significant announcement from Pi Network last month. On May 15, the company initiated a $100 million fund aimed at investing in businesses and startups to bolster the functionality of its blockchain ecosystem.
The team stated that investments will predominantly be made in US dollars. However, the project also aims to utilize its native token to fund qualifying initiatives.
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