Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets

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AI-focused crypto assets have soared in value following the release of Openai’s GPT-4, a deep learning and artificial intelligence product. The AGIX token of the Singularitynet project has gained 25.63% in the last 24 hours. Over the past seven days, four out of the top five AI-focused digital currencies have seen double-digit gains against the US Dollar.

AI-focused crypto asset market overview after GPT-4 release

On March 14, 2023, Openai launches Deep Learning and Artificial Intelligence (AI) with the release of the next version GPT-4, otherwise known as Chat GPT-4. Openai detailed Tuesday that the new product is a “milestone” because it accepts images and text input and emits text output.

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GPT-4 has passed various professional and academic benchmarks better than the GPT-3.5 version. Furthermore, on Tuesday, it was shown that GPT-4 was able to review Ethereum smart contracts and identify specific bugs and vulnerabilities.

Coinbase Director Conor Grogan said, “I have left live Ethereum contracts in GPT-4.” Explained on Tuesday. “In an instant, it exposed several security vulnerabilities and pointed out surface areas where the contract could be exploited. It then confirmed a specific way that I could exploit the contract.

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Grogan too mentioned How smart contracts were exploited in 2018 and GPT-4 was able to identify the exploits used. Since the release of Openai’s GPT-4, AI-focused tokens have been taking advantage of the product’s hype.

Top five AI-focused crypto assets in terms of market cap as on March 15, 2023.

Currently, the market statistics indicates that the 74 listed crypto assets linked to artificial intelligence concepts are valued at $3.9 billion. Nine out of the top ten AI-crypto assets are up between 0.6% and 25.63% over the past 24 hours.

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SingularityNet (AGIX) has jumped 25.63% during the day and 28.97% over the last month. Graph (GRT) gained 3.63% over the previous day and 11.92% this week. (FET) is up 9.98% in the last 24 hours and 10.17% for the week. Moreover, Ocean Protocol (OCEAN) has gained 9.35% today and 17.39% during the last seven days.

While the fifth-largest AI-focused cryptocurrency is up 5.17% over the past day, iexec rlc (RLC) is down 20.92% in value this month against the US Dollar. It is also the only AI-focused crypto in the top five that has seen a decline this week. The top four, GRT, AGIX, FET and OCEAN, have claimed double-digit gains over the seven-day period.

Other notable AI-focused crypto asset gainers this week include Cortex (CTXC) up 24.96% and SingularityDAO (SDAO), which jumped 18.54% over the past seven days. A notable loser this week was Alethea Liquid Intelligence (ALI), down 8.63% against the US Dollar.

What are your thoughts on the impact of artificial intelligence on the crypto market? Share your opinion in the comment section below.

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