Home Altcoin AI Altcoin Primarily based on Cardano (ADA) Rallies After Elon Musk ChatGPT Rumors Swirl – The Every day Hodl

AI Altcoin Primarily based on Cardano (ADA) Rallies After Elon Musk ChatGPT Rumors Swirl – The Every day Hodl

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An altcoin mission centered on synthetic common intelligence (AGI) expertise has spiked following rumors that tech mogul Elon Musk had plans within the works for a brand new model of ChatGPT.

Over the weekend, Musk told his 130 million Twitter followers how he was feeling about AGI and the potential menace it poses to humanity.

“Having a little bit of AI existential angst as we speak…

However, all issues thought of with regard to AGI existential angst, I would like to be alive now to witness AGI than be alive prior to now and never.”

The following day, a report from The Info mentioned that Musk had approached AI researchers and pitched the concept of forming a brand new analysis lab that may discover the creation of a brand new model of ChatGPT.

The Tesla CEO has reportedly been recruiting Igor Babuschkin, an AI researcher who beforehand labored on DeepMind, an AI agency that was acquired by Google mum or dad firm Alphabet.

Because the rumors and reviews circulated, SingularityNET (AGIX), a crypto mission which has a core mission to develop AGI expertise, rallied considerably whereas the remainder of the markets traded down or sideways.

AGIX, initially constructed on Ethereum (ETH) earlier than changing into interoperable with Cardano (ADA), is a blockchain-based market for synthetic intelligence providers starting from particular person AI algorithms to standalone AI purposes.

The crew behind the mission says it’s working to construct an ecosystem of initiatives to drive progress and token utilization in areas akin to decentralized finance (DeFi), robotics, biotech, gaming, media and enterprise-level AI.

AGIX rallied from $0.38 as much as $0.53, almost a 40% acquire in lower than two days because the rumors swirled. At time of writing, AGIX is up 12% within the final 24 hours, buying and selling at $0.49 with a market cap of $580,958,350.

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Featured Picture: Shutterstock/galacticus/Vladimir Sazonov/Andy Chipus

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