Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, AI-driven crypto assets rose in value. The AGIX token of the Singularitynet project has increased by 25.63% in the last 24 hours. Over the past seven days, four of the top five AI-centric digital currencies have posted double-digit gains against the US dollar.
A Glimpse of AI-Centric Crypto Asset Market Movements Post-GPT-4 Release
On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4, otherwise known as GPT-4 cat. Openai detailed on Tuesday that the new product is a “milestone” because it accepts image and text input and emits text output.
GPT-4 also passed several professional and academic benchmarks better than the GPT-3.5 version. Additionally, on Tuesday, GPT-4 was shown to be able to examine an Ethereum smart contract and identify specific bugs and vulnerabilities.
“I deposited an Ethereum contract live in GPT-4,” said Coinbase CEO Conor Grogan explain Tuesday. “In an instant, he highlighted a number of security vulnerabilities and indicated surface areas where the contract could be exploited. He then checked out a specific way I could exploit the contract.
Grogan too mention how the smart contract was exploited in 2018 and GPT-4 was able to identify the exploits used. Since the release of Openai’s GPT-4, AI-centric tokens have been reaping the rewards of product hype.
Currently the market statistics from cryptoslate.com report that 74 listed crypto assets associated with AI concepts are valued at $3.9 billion. Nine of the top ten crypto-AI assets rose between 0.6% and 25.63% in the past 24 hours.
Singularitynet (AGIX) jumped 25.63% on the day and 28.97% over the past month. The (GRT) chart is up 3.63% over the past day and 11.92% this week. Fetch.ai (FET) is up 9.98% over the past 24 hours and 10.17% over the week. Additionally, Ocean Protocol (OCEAN) is up 9.35% today and 17.39% over the past seven days.
While the fifth-largest AI-focused cryptocurrency rose 5.17% over the past day, iexec rlc (RLC) fell 20.92% in value against the dollar this month . It is also the only AI-centric crypto in the top five that saw a decline this week. The top four, GRT, AGIX, FET and OCEAN, posted double-digit gains over the seven-day period.
Other notable AI-focused crypto asset gainers this week include cortex (CTXC) up 24.96% and singularitydao (SDAO), which jumped 18.54% in the past seven days. . A notable loser this week was Alethea Liquid Intelligence (ALI), down 8.63% against the US Dollar.
What do you think of the impact of artificial intelligence on the crypto market? Share your opinions in the comments section below.
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