Following the Openai launch of GPT-4, a deep learning and artificial intelligence product, AI-focused crypto assets have increased in value. The AGIX token of the Singularitynet project is up 25.63% in the last 24 hours. In the past seven days, four of the top five AI-focused digital currencies have seen double-digit gains against the US dollar.
An overview of AI-focused crypto asset market movements after the launch of GPT-4
On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4, also known as GPT-4 Chat. Openai detailed on Tuesday that the new product is a “milestone” as it accepts images and text input and emits text output.
GPT-4 has also passed several professional and academic benchmarks better than version GPT-3.5. Additionally, on Tuesday it was demonstrated that GPT-4 could review an Ethereum smart contract and identify specific bugs and vulnerabilities.
“I downloaded a live Ethereum contract on GPT-4,” Coinbase head Conor Grogan explained on Tuesday. “In an instant, he highlighted a number of security vulnerabilities and pointed out superficial areas where the contract could be exploited. He then verified a specific way in which he could exploit the contract”.
grogan too mentioned how the smart contract was exploited in 2018 and GPT-4 was able to identify the exploits used. Since Openai’s GPT-4 release, AI-focused tokens are reaping the benefits of product hype.
Currently, the market Statistics from cryptoslate.com indicate that 74 listed crypto assets associated with AI concepts are valued at $3.9 billion. Nine of the top 10 AI crypto assets have risen between 0.6% and 25.63% in the last 24 hours.
Singularitynet (AGIX) is up 25.63% on the day and a further 28.97% over the last month. The (TRB) chart is up 3.63% over the past day and 11.92% this week. Fetch.ai (FET) is up 9.98% in the last 24 hours and 10.17% for the week. Also, the ocean protocol (OCEAN) is up 9.35% today and 17.39% over the last seven days.
While the fifth largest AI-focused cryptocurrency is up 5.17% over the past day, iexec rlc (RLC) has fallen 20.92% in value against the dollar this month. It is also the only AI-focused crypto among the top five to see a decline this week. The top four, GRT, AGIX, FET, and OCEAN, have 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 is up 18.54% over 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 about the impact of artificial intelligence on the cryptocurrency market? Share your thoughts in the comments section below.
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