Artificial intelligence (AI) altcoins are taking off this week as reports surface indicating that Microsoft plans to make a gigantic investment in the AI space.
The news website Semafor, citing sources familiar with the matter, reports that Microsoft has been in talks to invest $10 billion in artificial intelligence research company OpenAI.
OpenAI created ChatGPT, an AI chatbot that went viral in November and December of 2022.
SingularityNET (AGIX) has been one of the single biggest benefactors of that news in the crypto space. The project’s native token is trading at around $0.11 at time of writing, up more than 136% from its price one week ago.
SingularityNET is a blockchain-based marketplace for artificial intelligence services ranging from individual AI algorithms to standalone AI applications.
Fetch.ai (FET) is also reaching unexpected heights. The project’s native token is trading at around $0.207 at time of writing, up more than 91% from where it was priced seven days ago.
Fetch.ai is a decentralized machine learning system that aims to act as a platform for applications that enable things like financial services, smart cities, or gig economy work to operate more efficiently.
Additionally, the data-sharing blockchain Ocean Protocol (OCEAN) is also making big waves this week. OCEAN is up about 37% in the past seven days and is trading around $0.255 at time of writing.
Ocean Protocol is a decentralized data exchange protocol that aims to unlock data for AI.
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Featured Image: Shutterstock/Zalevska Alona UA
