Artificial Intelligence(AI) tokens are on the rise following reports thatMicrosoftmight be investing $10 billionintoChatGPTparentOpenAI.
What Happened:According toCoinGecko, 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 cryptoBitcoinBTC/USD posted 22% gains in a week, while the second largest cryptocurrencyEthereumETH/USD was up 18%.
Artificial Liquid IntelligenceALI/USD , a decentralized protocol powering Metaversegained170% since last week, trading at $0.03482476.
Another AI-based tokenSingularity NETAGIX/USD , which enables anyone to create and monetize AI services posted 165% gains in a week, trading at $0.171278.
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Microsoft Corporationsaid that it will be incorporatingOpenAI'sextremely popular AI chatbotChatGPTinto itsAzureplatform 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 areportfrom 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:BTCwas trading at $21,135 down 0.42% in the last 24 hours,according to Benzinga Pro.
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