Microsoft’s ‘$10B Investment’ in ChatGPT Parent OpenAI Sends AI-Based Altcoins to New Heights3-min read

AI-Altcoins have been on a rapid rise in recent weeks. While many investors are bullish on the trend, many believe it stems from Microsoft’s alleged $10 billion investment in OpenAI, the parent company of ChatGPT.

Microsoft has been linked to a $10 billion investment in OpenAI, the parent company of ChatGPT, which has recently taken the internet by storm. According to Semafor, Microsoft will receive 75% of OpenAI’s profits until the company recoups its initial investment. Microsoft and OpenAI have both remained silent on this rumoured development.

Given that the software giant had previously invested $1 billion in OpenAI to provide the necessary computing power, the market continues to be optimistic about the reports. Because of this, the market for artificial intelligence (AI) altcoins has exploded. People have started investing in AI stocks and coins.

Trading experts also predict that artificial intelligence such as crypto trading bots will soon become the most talked about topic in the blockchain industry, following the meteoric rise of technologies like OpenAI’s ChatGPT, generative AI, and others like it.

All major AI coins have seen the starkest growth, including Fetch.ai, SingularityNET, Ocean Protocol, Numeraire, Vaiot, and Cortex. Fetch.ai (FET), a platform associating itself with IoT devices and algorithms, has seen a 19.56% rise in 24 hours and an overall of 96.90% in 7d.

Similarly, SingularityNET (AGIX), a decentralised marketplace for AI algorithms and patterns, has seen the most pump of 59.24% in 24 hr and 202.81% in 7d period at the time of writing this. Other AI coins with hyper rise patterns include Ocean Protocol (OCEAN), Cortex (CTXC), and Alethea Artificial Liquid Intelligence (ALI), with an overall high of 35.14%, 43.08%, 150.06% in 7d.

Source: Coinmarketcap

Major players in the market are now waiting to see the investment’s clear, accurate picture and the definitive limelight moment of AI coins in the bear market rally.

Source: Reuters