Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto Tokens

1 year ago

Crypto tokens that are related to Artificial quality (AI) roseate much than 3% connected Wednesday, aft Tesla and SpaceX CEO Elon Musk unveiled a caller AI institution called xAI, arsenic an alternate to fashionable chatbot ChatGPT.

Tokens specified arsenic SingularityNET (AGIX) roseate much than 6% portion Fetch.ai (FET) climbed astir 3% aft the announcement of the new company with a extremity to "understand the existent quality of the universe." The squad volition beryllium led by Musk and includes members that person antecedently worked astatine DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto, according to the institution website.

The recently formed institution volition beryllium a abstracted entity from Musk's X Corp. but xAI said it volition enactment intimately with his different companies. xAI volition big Twitter Spaces chat connected Friday, July 14th.

Elon Musk antecedently person said that helium is looking to make TruthGPT arsenic an alternate to ChatGPT and volition beryllium "maximum truth-seeking AI that tries to recognize the quality of the universe," according to an interrogation with Fox News.

The AI-related crypto tokens person gotten a short-lived boost earlier this twelvemonth by owed to the technology's progressively mainstream entreaty and aft chipmaker Nvidia (NVDA) revealed its bullish outlook for AI sales.

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