This AI coin price is setting highs and is expected to surpass its competitors in the AI industry.
This artificial intelligence coin is on the rise
SingularityNET (AGIX) token price sets new highs. This shows that long-term investors are optimistic about the future of AI and expect SingularityNET to beat its competitors in the AI industry.
cryptocoin.com AGIX, a token powered by blockchain and artificial intelligence, is trading at $0.4993, up 25% in the last seven days, according to data. It also outperformed its competitors in the top 100 list of crypto market monitoring site Coinecko. According to the latest data, the token has dropped nearly 8% in the last 24 hours. AGIX has experienced a massive 195% increase in value over the past 30 days, partly due to the growing popularity of ChatGPT.
SingularityNET yawning
Cardano-based project SingularityNET, Tesla, Twitter and Space X CEO Elon Musk is building a team of AI experts to set up a new AI research lab. However, since the beginning of 2023, AGIX has continued its price increase from 1,000%.
According to reports, Igor Babushkin, a researcher who recently left Alphabet’s DeepMind AI project, will lead the facility. An online journal, The Information, specifically reported on this development, citing three sources with extensive knowledge of the concept.
🚨BREAKING: Elon Musk is developing a ChatGPT competitor.@elonmusk is reportedly forming a new AI research lab led by Igor Babuschkin @ibab_ml, a researcher who recently left Alphabet’s DeepMind AI.
The lab's primary focus will be to develop an alternative to ChatGPT. pic.twitter.com/t80lzbkX6z
— Rowan Cheung (@rowancheung) February 28, 2023
SingularityNET has a terrific staff of both crypto and AI developers as well as multi-chain interoperability, making it a completely decentralized cryptocurrency.
Artificial intelligence narration from AGIX
Today’s strong price increase exemplifies the “AI narrative” that sees the value of AI-driven tokens increase as a result of the ChatGPT and OpenAI circle. Microsoft is apparently ready to integrate ChatGPT maker OpenAI into its search engine Bing, at a time when tech giants are pouring billions of dollars into AI initiatives.
Microsoft is investing up to $10 billion in ChatGPT maker OpenAI. Google recently announced the debut of Bard, a ChatGPT competitor. SingularityNET, CEO and chief scientist Dr. Although it was released by Ben Goertzel in 2017, the whitepaper was not made public until February 2019. Meanwhile, Santiment’s analysis of current models shows that SingularityNET will continue to outperform its peers in the coming months.
Last week, based on social volume, the on-chain analytics platform stated that the AGIX token is at the top of the trend chart. Meanwhile, AGIX prices are holding above both key exponential moving averages (EMAs), indicating that the trend is continuing to rise and prices are more likely to exit the upper zone.
