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Artificial Intelligence (AI) tokens are on the rise following reports that Microsoft might be investing $10 billion into ChatGPT parent OpenAI.
What Happened: According to CoinGecko, Image Generation AI IMGNAI/USD, a token linked to an anime-based AI image generator was up 364%, in the last seven days, trading at $0.00446169 at the time of writing.
Apex crypto Bitcoin BTC/USD posted 22% gains in a week, while the second largest cryptocurrency Ethereum ETH/USD was up 18%.
Artificial Liquid Intelligence ALI/USD, a decentralized protocol powering Metaverse gained 170% since last week, trading at $0.03482476.
Another AI-based token Singularity NET AGIX/USD, which enables anyone to create and monetize AI services posted 165% gains in a week, trading at $0.171278.
See More: Best Crypto Day Trading Strategies
Microsoft Corporation said that it will be incorporating OpenAI’s extremely popular AI chatbot ChatGPT into its Azure platform “soon”, extending the collaboration between the two firms as Microsoft contemplates a much bigger investment in OpenAI.
The tech giant also plans to invest $10 billion in OpenAI, according to a report from Semafor. The deal is part of a funding round with other investors involved that would value OpenAI at a whopping $29 billion, Semafor reported citing people familiar with the matter.
Price Action: BTC was trading at $21,135 down 0.42% in the last 24 hours, according to Benzinga Pro.
Read Next: Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might ‘Seek A Sweep’ Of $21,600 Mark
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Image and article originally from www.benzinga.com. Read the original article here.