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AI digital tokens have grown significantly overnight

1:19 pm, July 10, 2024

Artificial intelligence tokens have significantly outperformed the CoinDesk 20 index, which is considered a general indicator of the performance of the largest digital assets on the market. This happened despite negative reports from large financial companies that doubt the growth potential of AI technology.

The data shows that virtual assets from the AI token category rose in price by an average of 4.5% per day, while the CoinDesk 20 index increased by only 1.5%.

According to a study by Goldman Sachs, generative artificial intelligence has limited performance advantages, uncertain payback, and high power requirements. The analysts estimate that by 2030, the demand for electricity from data centers will increase from 3% to 8% of the total grid share.

Brian Janus, former vice president of energy at Microsoft, noted that the United States has lost the ability to build large infrastructure projects and that large-scale reconstruction is needed to adapt the power grid to new sources.

However, other experts, such as researchers from Sequoia, believe that AI will create enormous economic value. Some of them believe that those who keep their cool now have a chance to create extremely important companies in the future.

Different opinions of cryptocurrency analysts and top managers of tech giants reflect the general uncertainty about the impact of AI technologies on the economy and the digital asset market, but the current growth in the value of AI tokens indicates a high interest and belief of investors in their potential.

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