The value of cryptocurrencies with an AI focus increased when Openai’s deep learning and artificial intelligence tool, GPT-4, was introduced. The AGIX token for the Singularitynet project has gained 25.63% over the last 24 hours.
Four of the top five cryptocurrencies based on artificial intelligence (AI) have seen double-digit gains against the US dollar during the past seven days.
GPT-4 Release After Shocks Overview
With GPT-4, also known as Chat GPT-4, Openai introduced the subsequent iteration of deep learning and artificial intelligence (AI) on March 14, 2023. The new product, according to Openai, is a “milestone” because it accepts text and image inputs and produces text outputs.
Moreover, GPT-4 outperformed GPT-3.5 in some professional and academic benchmark tests. In addition, it was demonstrated on Tuesday that GPT-4 could inspect an Ethereum smart contract and locate particular flaws and weaknesses.
The active Ethereum contract was “dumped” into GPT-4, according to Coinbase Director Conor Grogan on Tuesday. “In a split second, it identified many security flaws and surface areas where the contract may be abused. Then it confirmed a particular way I might abuse the contract.
The smart contract was abused in 2018, and GPT-4 was able to pinpoint the abuses, according to Grogan. After the launch of Openai’s GPT-4, AI-focused tokens have benefited from the buzz surrounding the offering.
According to cryptoslate.com’s market statistics, 74 listed crypto assets related to AI principles are currently valued at $3.9 billion. Nine of the top ten AI-crypto assets have increased in value during the past day by between 0.6% and 25.63%.
Singularitynet (AGIX) has increased by 25.63% today and 28.97% in the past month. The price of Graph (GRT) rose 3.63% yesterday and 11.92% this week. Fetch.ai (FET) is up 10.17% during the past week and 9.98% for the past 24 hours. Ocean Protocol (OCEAN) has increased by 9.35% today and 17.39% over the previous seven days.
Iexec rlc (RLC), the fifth-largest AI-focused cryptocurrency, is up 5.17% today but has lost 20.92% of its value against the dollar this month. Moreover, it is the only AI-focused cryptocurrency in the top five to have decreased this week. The top four, GRT, AGIX, FET, and OCEAN, have reported increases of over ten percent during the past seven days.
Other prominent AI-focused crypto asset gainers this week include singularitydao (SDAO), which jumped 18.54% higher over the last seven days, and cortex (CTXC), which increased by 24.96%. Alethea Liquid Intelligence (ALI), which fell 8.63% against the dollar this week, was a major loser.