Artificial Intelligence tokens rally after Safe Superintelligence announcement by former OpenAI co-founder


  • OpenAI former co-founder Ilya Sutskever announced on Wednesday the launch of a new AI research lab in the US. 
  • News of Safe Superintelligence Inc.’s launch has catalyzed gains in AI-related crypto tokens. 
  • The market capitalization of the AI category is up 12% in the past 24 hours.

Prices of Artificial Intelligence (AI) crypto tokens increase on Thursday after news of OpenAI co-founder starting his own firm. Ilya Sutskever, OpenAI’s former chief scientist, announced the launch of a safety-focused AI research lab in Palo Alto and Tel Aviv, in the US. 

The news comes amidst concerns surrounding the safety aspect of Artificial General Intelligence (AGI), under development at OpenAI. 

The market capitalization of AI tokens is up 12% in the past 24 hours, per CoinGecko data. 

Artificial Intelligence tokens note massive gains in prices

AI tokens such as Near Protocol (NEAR), Fetch.ai (FET), Internet Computer (ICP), Render (RNDR), Bittensor (TAO), The Graph (GRT), SingularityNET (AGIX), and Akash Network (AKT) extended gains in the past 24 hours, per CoinGecko data. 

AI tokens

AI tokens

The rally can be broadly attributed to the announcement of the new firm, Safe Superintelligence Inc. The team consists of former co-founder Ilya Sutskever, American entrepreneur Daniel Gross and Daniel Levy, research assistant at computer scientist Stephano Ermon’s lab.  Sutsekever was Chief AI scientist at OpenAI, and focused on the “safety” aspect when developing AGI. 

The announcement of fundraising for AI projects by hedge funds and Venture Capital is another catalyst likely fueling gains in this token category. Pantera Capital unveiled on June 19, its decision to invest $200 million into AI ventures, per a DLNews report. 

The leading crypto funds are raising $1 billion, of which AI will receive a 15 to 20% investment. This development is another market mover, likely influencing investors’ sentiment about AI tokens.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

EOS 22% pump steals the show unveiling Vaulta’s web3 banking ecosystem

EOS 22% pump steals the show unveiling Vaulta’s web3 banking ecosystem

EOS, the token behind the recently rebranded Vaulta network, has increased by a staggering 22% in the last 24 hours.

More EOS News
Curve DAO Price Forecast: CRV bulls could aim for double-digit gains above key resistance

Curve DAO Price Forecast: CRV bulls could aim for double-digit gains above key resistance

Curve DAO (CRV) price is in the green, up 8%, trading above $0.53 on Thursday after rallying nearly 15% so far this week.

More Curve DAO News
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcement

Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcement

Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.

More Bitcoin News
Bitcoin and top altcoins slide as Trump kicks off reciprocal tariffs

Bitcoin and top altcoins slide as Trump kicks off reciprocal tariffs

Bitcoin (BTC) and the entire crypto market saw a quick correction on Wednesday following President Donald Trump's reciprocal tariff announcements based on half of each country's respective rates.

More Cryptocurrencies News
Bitcoin: BTC remains calm before a storm

Bitcoin: BTC remains calm before a storm

Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP