Recent announcements from major U.S. corporations, including Meta, Humane, IBM, and Wendy’s, have bolstered the narrative surrounding AI tokens. The recent flurry of AI announcements by corporate heavyweights might revive the prices of AI-based cryptocurrencies like Render, SingularityNET, and Fetch.ai.
A few months after making a $10 billion investment in OpenAI, maker of the popular artificial intelligence application ChatGPT, tech giant Microsoft experienced a wave of optimism. On Wednesday, Rowan Cheung, the creator of the newsletter The Rundown, which focuses on artificial intelligence, shared a list of announcements made by Meta, Humane, IBM, and Wendy’s; these tech tycoons claimed that they all are connected to AI.
According to Cheung, a new AI research model called ImageBind was released by Meta on Wednesday. This breakthrough is essential for multimedia search, VR, and robotics use. As a result of this recent release, optimism for the metaverse and AI-based tokens like RNDR, AGIX, and FET has increased.
Massive announcements in the world of AI today from Meta, Humane, IBM and Wendy's.
— Rowan Cheung (@rowancheung) May 10, 2023
Plus, scientists found a new way of using AI to detect the early onset of Parkinson's.
Here's the rundown on everything you need to know:
Humane, responsible for the first AI hardware and software platform, unveiled a wearable device designed to replace cellphones on Tuesday.
Co-founder Imran Chaudhri demonstrated its features, including:
— Rowan Cheung (@rowancheung) May 10, 2023
-Projecting caller information onto his hand
-Suggesting nearby shopping options
-Translating sentences
-Summing up emails and messages
-Giving dietary recommendations
Full demo: pic.twitter.com/IyXZxexwnv
Before the meme coin season story took over, RNDR, AGIX, and FET were the top three tokens in the AI category regarding returns to investors. The market’s total value for these cryptocurrencies is between $3 million and $6 million.
RNDR, AGIX, and FET all had price increases between April 18 and 28, followed by declines. Holding these assets with a view toward a short-term recovery is likely to deliver rewards as the AI story gains traction. At the time of writing, the going rates for these assets are $1.77, $0.25, and $0.24.
In a possible upswing, RNDR, AGIX, and FET prices could aim for their April highs of $2.58, $0.43, and $0.45, respectively.
