Data recently indicates a decrease in crypto projects and tokens that focus on AI and big data. This decline has raised concerns and uncertainty among investors in the sector. While investors are hopeful for the next Bitcoin-like boom, chaos ensues within the altcoin community. Nonetheless, there have been noteworthy advancements in the field of artificial intelligence, with Google being the latest contributor.
Google has introduced Astra, an AI-powered search engine that has garnered attention amidst this uncertain environment. Astra utilizes phone cameras and AI technologies to perform functions such as real-time object recognition and voice recognition. This integration of AI into daily life aims to enhance user experience. To stay updated on the latest technology news, access NEWSLINKER.
Astra, the AI assistant, is capable of identifying objects through camera input, detecting sounds, and recalling previous information. This further solidifies the integration of AI into everyday activities. Meanwhile, OpenAI, a rival company, is gearing up to launch its own AI-powered search engine. According to Reuters, this search engine is expected to be an extension of ChatGPT. Bloomberg reports that it will allow ChatGPT to retrieve information directly from the web and provide citations.
Despite these exciting advancements in the field of artificial intelligence, uncertainty continues to plague the cryptocurrency sector. The data reveals negative signals dominating the sector, including AI coins. For instance, the market value of AI coins has dropped by 14.8% in the last 24 hours, reaching $29.8 billion.
In light of these circumstances, AI and big data-focused crypto projects appear to be impacted by the prevailing uncertainty and downward trend in the sector. However, the initiatives undertaken by major players like Google and OpenAI suggest the potential for future growth.
As illustrated in the table, the positive developments in artificial intelligence have not translated into higher prices for AI-focused cryptocurrencies. Significant declines have been observed over the past week.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.
