Apple is reportedly working on an in-device Large Language Model (LLM), which could be a game-changer in the field of artificial intelligence. This news has had a positive impact on various cryptocurrencies, including RNDR, TAO, GRT, AIOZ, ARKM, GLM, TRAC, and RSS3, all of which have seen significant gains. LLMs are AI programs that are trained on large data sets to comprehend and generate text. ChatGPT is an example of a popular LLM that has paved the way in this field. Apple’s foray into LLMs aligns with its AI-focused strategy.
The past week has seen a flurry of activity from companies focused on AI. Meta, OpenAI, Sora, Microsoft, Google DeepMind, Boston Dynamics, and Tencent have all made noteworthy announcements and unveiled innovations related to artificial intelligence. Meta, for instance, introduced two versions of Llama 3, while OpenAI and TED released a new AI video produced by Sora. Microsoft, on the other hand, announced VASA-1, a new model capable of generating videos from a single photo or sound clip. Google DeepMind showcased a demo of their autonomous ALOHA 2 robots. These developments are indicative of the rapid progress and innovations happening in the AI industry, which in turn has impacted the prices of cryptocurrencies. Tokens like RNDR, TAO, GRT, AIOZ, GLM, TRAC, and RSS3 have seen value increases ranging from 2% to 13%.
A new research report from Sygnum, a digital banking giant, highlights the significant uptick in the use of cryptocurrencies. The Web3 sector, particularly in AI-based protocols and decentralized physical infrastructure networks (DePIN), is experiencing strong momentum. The report emphasizes the impact of decentralized computing resources in areas like interoperability solutions and data sharing services. These advancements, which go beyond traditional financial systems, are instrumental in driving wider acceptance of cryptocurrencies and blockchain technology. The growth trajectory of the Web3 sector provides valuable insights into the future evolution of digital ecosystems. Increased technological integration and the proliferation of decentralized systems have the potential to bring about transformative changes in finance and data security.
Disclaimer: This article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
