Pi Network’s token price jumped 38% this week ahead of a major AI announcement. The spike followed co-founder Nicolas Kokkalis appearing at a generative AI panel at Consensus 2025.
The company teased details on an event called Pi2Day set for Thursday via a post on X.
Soon after, the Pi Network (PI) token hit $0.65 on Wednesday, up from $0.47 on Sunday. At writing, it had slipped back to $0.57. 
Rumors about a Google AI partnership blew up on social media. One X user flagged a possible deal with Google AI, noting a star symbol in Pi’s announcement looked like Google’s AI logo.
Another suggested the news might revolve around a project named PiAI. But some urged caution, telling the community to "lower their expectations" or risk disappointment.
Cointelegraph reached out to Pi Network for comment but got no response by publication.
One community skeptic wrote:
I haven’t noticed anything innovative, as other blockchains/projects have already done most of what they’re doing.
Community member on X
The token surge comes after Pi Network announced a $100 million fund in mid-May. The fund aims to back startups building utility in the Pi blockchain ecosystem. Investments will mostly be in US dollars but may use Pi tokens for some projects.
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