Elon Musk’s AI Plans Spark Price Surge in This Cryptocurrency
The value of a cryptocurrency project, which is centered on developing artificial general intelligence (AGI) technology, experienced a surge in response to rumors about Elon Musk.
There has been a surge in the value of SingularityNET (AGIX), a cryptocurrency project that aims to develop artificial general intelligence (AGI) technology. This followed rumors that Elon Musk was planning to create a new version of ChatGPT focusing on AGI.
Musk expressed his concern over the potential dangers of AGI on Twitter. The following day, a report by The Information claimed that Musk had approached AI researchers to form a new research lab with the aim of creating a new version of ChatGPT.
It was reported that Musk had been recruiting AI researcher Igor Babuschkin, who had previously worked at DeepMind, an AI company acquired by Google’s parent company, Alphabet.
READ MORE: Bitcoin: Institutional Investors Short BTC – Here’s Why
SingularityNET, which is a blockchain-based marketplace for AI services, rallied strongly amid the rumors, gaining nearly 40% in value in under two days.
The project aims to create an ecosystem of projects that will drive growth and token utilization in areas such as decentralized finance, robotics, biotech, gaming, media, and enterprise-level AI.
At the time of writing, AGIX is up 12% in the last 24 hours, trading at $0.49 with a market capitalization of $580,958,350.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
