The spread of systems such as ChatGPT and the investments of technology companies in the field have provided significant fund flow to the artificial intelligence coin market. Since Microsoft’s investment in OpenAI announced in January, several projects have been running one of the biggest bull runs of recent times.
These 2 AI coins made 90x in just one month
cryptocoin.com As Microsoft, we mentioned that Bill Gates, the founder of Microsoft, talked about artificial intelligence (AI) technology in an AMA session on Reddit. Shortly thereafter, on January 23, Microsoft confirmed that it would invest up to $10 billion in OpenAI. The impact of the news on the cryptocurrency market reached double-digit rallies on AI tokens. One of them, AGIX, the artificial intelligence-based token of SingularityNET, gained 500% in January alone.
Moreover, this trend has reached 70% in the first week of February. SingularityNET (AGIX) has been in a strong bull run since investments in the space. It has gained around 40% at one point today.
AiRight (AIRI), one of the lesser-known AI projects, evaluates the rally
Another rally of the day, aiRight (AIRI), jumped over 60% and hit $0.00889. The all-in-one NFT creation and copyright management platform has garnered a lot of attention over the past 30 days, gaining over 900% in price. Behind the rally lies the interest in ChatGPT and other AI-based automations that act as catalysts.
The AIRI token is earned by the developers from their works listed on the aiRight NFT platform. Users can uniquely create NFTs from text and watch aiRight’s AI model transform that text into images. With these features and the hype for AI coins, the token gained around 50% on February 6th. It manages to retain most of its earnings.
ChatGPT breaks 100 million user record
ChatGPT, one of the sparks that ignited the shift in attention towards artificial intelligence, surpassed 100 million active users in January, according to The Guardian. The record-breaking success had called ChatGPT “the fastest growing consumer app in history.”
ChatGPT is an artificial intelligence language model developed by OpenAI that can generate human-like texts based on input. The model is trained on a large collection of text data and can generate answers to questions and summarize long texts. It is often used in chat-based AI applications to simulate a human-like conversation with users.
Chatbots have been around for decades and you can get to know them best by interacting with any customer service representative via text; usually this is a chatbot. The term chatbot is actually a brutal reimagining of the much more fun “ChatterBot” coined by Michael Mauldin in 1994.
