After the launch of GPT-4, AI Token prices are witnessing a huge increase. The latter is a newer model of ChatGPT, which brings a number of improvements.
ChatGPT continues to dominate the tech space with OpenAI announcing that it has released GPT-4, a new model that brings a number of improvements. The startup says that GPT-4 is more capable than its predecessor GPT-3.5 as it offers better reliability, composability and handling of finer instructions.
OpenAI launches GPT-4
New features that the new model will offer include the ability to understand images. For example, a user can pass in an image containing multiple ingredients, and the AI will respond with possible food recipes in which they can be used. ChatGPT will also have “improved memory” and can process up to 25,000 words.
OpenAI, in which Microsoft has invested $10 billion, is the talk of the tech world, and many rival companies are launching their own projects in AI. Of course, some challenges and disadvantages still exist, but that hasn’t stopped millions of users from flocking to the ChatGPT application.
Educators warn against using ChatGPT, especially since the model has proven itself to be extremely efficient on many different types of exams.
The importance of AI has grown steadily over the years, but 2023 is shaping up to be one of the most important years ever. The crypto industry has taken note, with several projects showing growth since the beginning of the year. Connor Grogan of Coinbase as well testing Application, entering a smart contract – and the application pointed out vulnerabilities.
CryptoGPT takes advantage of the ChatGPT craze
ChatGPT is one of the hottest stories of 2023, and the new model will surely only increase the popularity of the app. Some crypto projects have also started taking advantage of this phenomenon, notably Crypto GPT.
The project says its platform is a ZK Layer-2 that lets users monetize their AI data and “turn every task in your daily life into a source of income.” These elements of the daily include fitness, dating, gaming and education. The token has experienced significant growth over the past few days, gaining 1703% since its listing on exchanges.
AI Token Sees Huge Increase in Price
Unsurprisingly, many projects focused on AI have seen their tokens skyrocket in value following the news. These tokens have been on the market for years, but the success of ChatGPT has given them a second life.
Among the most successful tokens are The Graph (GRT), SingularityNet (AGIX), Render Token (RNDR), Fetch.ai (FET), and Oasis Network (ROSE). Almost all of these tokens have seen double-digit price increases, with AGIX increasing by up to 36% over the past 24 hours.
The rise is not limited to the last day, as they have experienced a steady buildup over the past week. In any case, it appears that AI tokens are having a good run at the moment.
BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.