- Google has released a ChatGPT rival AI “Bard” to early testers, after announcing a partnership with AI startup Anthropic.
- The technology giant’s move could trigger a rally in Artificial Intelligence-focused tokens in crypto.
- AGIX, an AI native token of SingularityNET has capitalized on the AI rally and tallied massive gains since the beginning of 2023.
Google is getting its ChatGPT competitor ready for action, the company said that its AI service Bard would be open to trusted testers and the service is being prepared for release within the following weeks.
The giant’s move has fueled a rally in Artificial Intelligence AI-focused cryptocurrencies.
Also read: Binance suspends USD transfers, CZ says the issue is being resolved
Google gears up for ChatGPT’s competitors launch in few weeks
Alphabet Inc.’s Google is working on its ChatGPT competitor and getting ready to launch “Bard.” The company’s new conversational AI service would be open to trusted testers before a rollout in coming weeks.
Google’s AI service aims to generate detailed answers when given simple prompts. Sundar Pichai, CEO of Google said,
We’ll combine external feedback with our own internal testing to make sure Bard’s responses meet a high bar for quality, safety, and groundedness in real-world information. We’re excited for this phase of testing to help us continue to learn and improve Bard’s quality and speed.
The company is currently faced with tough challenges in its flagship search business that drives most of its revenue. Alphabet reported that sales missed expectations after the launch of AI rivals like OpenAI’s ChatGPT.
Google’s move fuels bullish narrative in AI-focused cryptocurrencies
AGIX, an AI native token of SingularityNET capitalized on the AI-driven price rally and tallied huge gains since the beginning of 2023. The token climbed 170% from $0.17 to $0.46 since January.
AGIX price chart
AGIX added nearly $500 million to its market capitalization since the beginning of 2023. Several other AI tokens have yielded double-digit gains overnight.
AI-based tokens
Fetch.ai’s FET, Artificial Liquid Intelligence’s ALI, Ocean Protocol OCEAN, SingularityDAO’s DAO have all yielded double-digit gains since February 6.
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
Editors’ Picks
TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1
TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked.
XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday.
Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit
Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.