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Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have increased in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the past seven days, four of the top five AI-centric digital currencies have posted double-digit gains against the US dollar.
On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4, otherwise known as Chat GPT-4. Openai said on Tuesday that the new product is a “milestone” as it accepts image and text input and outputs text.
GPT-4 has also passed various professional and academic standards better than the GPT-3.5 version. Furthermore, on Tuesday, it was shown that GPT-4 was able to review an Ethereum smart contract and identify specific bugs and vulnerabilities.
“I dumped a live Ethereum contract into GPT-4,” Coinbase director Conor Grogan explained on Tuesday. “At a glance, it highlighted a number of security vulnerabilities and pointed to surface areas where the contract could be exploited. It then confirmed a specific way in which I could exploit the contract.”
Grogan too mentioned how the smart contract was exploited in 2018 and GPT-4 was able to identify the exploits used. Since the launch of Openai’s GPT-4, AI-centric tokens are reaping the benefits of the product’s hype.
Currently, market statistics from cryptoslate.com indicate that 74 listed cryptoassets related to artificial intelligence concepts are valued at $3.9 billion. Nine of the top ten AI cryptoassets are up between 0.6% and 25.63% over the past 24 hours.
Singularitynet (AGIX) has jumped 25.63% during the day and 28.97% higher in the last month. Graph (GRT) gained 3.63% in the last day and 11.92% this week. Fetch.ai (FET) is up 9.98% in the last 24 hours and 10.17% for the week. Also, Ocean Protocol (OCEAN) has risen 9.35% today and 17.39% over the past seven days.
While the fifth largest AI-focused cryptocurrency is up 5.17% in the last day, iexec rlc (RLC) has traded down 20.92% against the dollar this month. It is also the only AI-centric crypto in the top five to have a decline this week. The top four, GRT, AGIX, FET and OCEAN, have claimed double-digit gains over the seven-day period.
Other notable AI-focused crypto asset gainers this week include cortex (CTXC) up 24.96% and singularitydao (SDAO), which jumped 18.54% higher over the past seven days. A notable loser this week was alethea liquid intelligence (ALI), down 8.63% against the US dollar.
What are your thoughts on the impact of artificial intelligence on the crypto market? Share your opinions in the comments section below.
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