The post The effect of OpenAI on artificial intelligence (AI) tokens appeared on BitcoinEthereumNews.com.

In a whirlwind of news, AI tokens have seen a surge in value in the last 24 hours, following the long-awaited presentation of OpenAI’s text-to-video generator Sora.  The main players in the AI token sector, including those associated with Worldcoin and SingularityNET, have recorded double-digit gains, signaling a significant market response to this innovative development. The effect of OpenAi on artificial intelligence-related tokens  The presentation of Sora, a text and video generator powered by advanced artificial intelligence, has sent shockwaves through the industry.  The latest creation from OpenAI promises to revolutionize content creation and communication, using cutting-edge artificial intelligence algorithms to seamlessly transform textual inputs into dynamic video content.  This innovation marks a significant leap forward in AI technology and has sparked renewed interest in AI-related cryptocurrencies. Among the main beneficiaries of this surge is SingularityNET’s native token, AGIX, which has recorded an impressive 11% increase in value in the last day and is now trading at $0.52.  SingularityNET, known for its decentralized marketplace of AI-related services, is at the forefront of innovation in the AI space and the market response to its token reflects confidence in its vision and capabilities. Similarly, the Worldcoin (WLD) token has recorded a 28% surge in value, reaching $7.51 and setting a new all-time high of $7.95.  Supported by Tools of Humanity, a company co-founded and chaired by Sam Altman, who also serves as CEO of OpenAI, the meteoric rise of Worldcoin highlights the intertwined nature of AI and blockchain technologies. The surge in AI market capitalization The collective market capitalization of AI tokens has experienced a surge, with CoinGecko recording an 8% gain, bringing the sector’s valuation to around 15 billion dollars. This significant growth reflects the increasing recognition of the transformative potential of AI in various sectors and the growing demand for…

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Filed under: News - @ February 20, 2024 11:16 pm