Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets
Since the release of Openai GPT-4, a deep learning and artificial intelligence product, AI-focused crypto assets have skyrocketed in value. The Singularitynet AGIX token is up 25.63% in the last 24 hours. Over the past seven days, four of the top five AI-focused digital currencies posted double-digit gains against the US dollar.
An Overview of AI-Driven Crypto Asset Market Movements Since the Release of GPT-4
On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) by releasing GPT-4, also known as GPT-4 Chat. On Tuesday, Openai said the new product is a “milestone” because it accepts images and text as input and produces text as output.
GPT-4 also performed better than the GPT-3.5 version in various professional and academic tests. In addition, it was shown on Tuesday that GPT-4 was able to review the Ethereum smart contract and identify specific bugs and vulnerabilities.
“I dumped an active Ethereum contract on GPT-4,” said Coinbase director Conor Grogan. explained on Tuesday. “In an instant, he identified a number of security vulnerabilities and indicated areas where the contract could be used. Then he checked how I could use the contract.”
Grogan also mentioned how the smart contract was used in 2018 and GPT-4 was able to identify the exploits used. Since the release of Openai GPT-4, AI-focused tokens have been reaping the benefits of the product hype.
The market is currently statistics from cryptoslate.com indicate that 74 listed crypto assets related to artificial intelligence concepts are valued at $3.9 billion. Nine of the top 10 AI crypto assets are up 0.6-25.63% in the last 24 hours.
Singularitynet (AGIX) jumped 25.63% on the day and 28.97% in the last month. The (GRT) 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% in a week. In addition, the ocean protocol (OCEAN) is up 9.35% today and 17.39% over the past seven days.
While the fifth-largest AI-focused cryptocurrency is up 5.17% over the past day, the value of iexec rlc (RLC) has fallen 20.92% against the dollar this month. In addition, it is the only AI-focused cryptocurrency in the top 5 that has seen a decline in value this week. The top four, GRT, AGIX, FET and OCEAN, posted double-digit gains over a seven-day period.
Other notable AI-focused crypto assets this week include cortex (CTXC), which is up 24.96%, and singleitydao (SDAO), which is up 18.54% over the past seven days. A notable loser this week was alethea Liquid Intelligence (ALI), which fell 8.63% against the US dollar.
What do you think about the impact of artificial intelligence on the cryptocurrency market? Share your opinion in the comments section below.
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