An altcoin venture targeted on synthetic normal intelligence (AGI) expertise has spiked following rumors that tech mogul Elon Musk had plans within the works for a brand new model of ChatGPT.
Over the weekend, Musk told his 130 million Twitter followers how he was feeling about AGI and the potential menace it poses to humanity.
“Having a little bit of AI existential angst immediately…
However, all issues thought-about with regard to AGI existential angst, I would like to be alive now to witness AGI than be alive previously and never.”
The following day, a report from The Info mentioned that Musk had approached AI researchers and pitched the thought of forming a brand new analysis lab that might discover the creation of a brand new model of ChatGPT.
The Tesla CEO has reportedly been recruiting Igor Babuschkin, an AI researcher who beforehand labored on DeepMind, an AI agency that was acquired by Google guardian firm Alphabet.
Because the rumors and stories circulated, SingularityNET (AGIX), a crypto venture which has a core mission to develop AGI expertise, rallied considerably whereas the remainder of the markets traded down or sideways.
AGIX, initially constructed on Ethereum (ETH) earlier than changing into interoperable with Cardano (ADA), is a blockchain-based market for synthetic intelligence companies starting from particular person AI algorithms to standalone AI functions.
The crew behind the venture says it’s working to construct an ecosystem of initiatives to drive progress and token utilization in areas reminiscent of decentralized finance (DeFi), robotics, biotech, gaming, media and enterprise-level AI.
AGIX rallied from $0.38 as much as $0.53, almost a 40% achieve in lower than two days because the rumors swirled. At time of writing, AGIX is up 12% within the final 24 hours, buying and selling at $0.49 with a market cap of $580,958,350.
Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox
Test Value Motion
Observe us on Twitter, Fb and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in internet affiliate marketing.
Featured Picture: Shutterstock/galacticus/Vladimir Sazonov/Andy Chipus
