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.
Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox
Verify Price Action
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in online marketing.
Featured Picture: Shutterstock/galacticus/Vladimir Sazonov/Andy Chipus