Crypto AI Projects: What Does It Mean?

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CEO of ChatGPT developer OpenAI, Sam Altman, seemed “quite optimistic” about the prospects for international cooperation in Artificial Intelligence (AI) following his tour of Asian capital cities. OpenAI, which is backed by Microsoft Corp, is taking advantage of the surge of interest in generative AI and is also looking to influence regulations for the field.

Altman said: “I came to the trip sceptical that it would be possible in the short term to get global cooperation to reduce existential risk, but I am now wrapping up the trip feeling quite optimistic we can get it done.” He also expressed interest in setting up a local office in Japan during his meeting with Prime Minister Fumio Kishida.

The use of generative AI that can generate text and images has instilled both excitement and fear for its potential to reshape a wide range of industries. As a result, current regulations are being adapted and new guidelines for the AI industry are being created. The EU has already passed the AI Act, which will ban systems that are considered to pose “unacceptable” risks to human lives.

AI-based cryptocurrencies are benefiting from these regulations, as they combine blockchain and artificial intelligence technologies to process data and ensure efficient financial transactions, including financial trading. ChatGPT was launched last year and many blockchain projects have taken advantage of AI technology to address different challenges. AltSignals is one of the most recent entrants in the industry with its new AI-based cryptocurrency, ASI, which is currently in the presale stage.

The top five largest AI cryptocurrencies by market cap according to Coingecko are Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), and Akash Network (AKT). The largest, Render, has a market cap of $651,359,605, while the fifth, Akash Network has a market cap of $99,731,536.

AI-based crypto projects continue to grow in popularity and provide a platform for international cooperation in artificial intelligence. OpenAI’s CEO Sam Altman is optimistic about the future of global AI coordination, which is a positive sign for the industry.

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