The AI cryptocurrency industry has grown by 74% since the beginning of 2024

Crypto com researchers have published an overview of the artificial intelligence and cryptocurrency sectors. The analysts noted: «The year 2024 is heralded by fresh developments and new milestones in the AI industry, which has contributed to a revival of optimism in this area.»

According to the experts, several key events will contribute to the evolution of the AI sphere. Crypto.com reported that the total supply of all AI-related tokens exceeded $ 10 billion, a value that has increased by 74% since the beginning of 2024.

Analysts reminded that OpenAI developers have recently introduced a new artificial intelligence model called Sora, which is designed to convert text to video. The neural network can create high-quality and dynamic content using simple text prompts.

The researchers emphasized that in connection with this event, the Worldcoin (WLD) token, launched by OpenAI founder Sam Altman, increased in value by more than 240%.

Another important aspect was that Mistral AI entered into a partnership agreement with Microsoft after launching its own large language model (LLM) Mistral Large. It is believed that this product is able to compete with the popular GPT-4.

Finally, NVIDIA’s latest earnings report exceeded Wall Street experts' forecasts. The company surpassed Amazon and Alphabet in terms of market capitalization.

The industry leader remained the decentralized artificial intelligence market SingularityNET (AGIX), which as of the end of February showed an increase in quotes by 193.52%. The open-source protocol that uses blockchain technology to create a decentralized machine learning network, Bittensor (TAO), has also attracted significant investor attention. The project has reached a market capitalization of over $ 3.6 billion.