Data recently indicates a decrease in crypto projects and tokens that focus on AI and big data, causing concern among investors in the sector. While investors hope for the next Bitcoin-like surge, chaos ensues in the altcoin community. Nevertheless, the field of artificial intelligence continues to witness noteworthy advancements, with Google being the latest contributor.
Google has introduced Astra, an AI-powered search engine that has captured attention in this uncertain climate. Astra utilizes phone cameras and AI technology to perform functions like real-time object recognition and voice recognition. By integrating AI into daily life, Astra aims to enhance user experience.
Despite Google’s Astra announcement, OpenAI, a rival company, is gearing up to launch its own AI-powered search engine. This search engine, an extension of ChatGPT, will enable ChatGPT to directly gather information from the web and provide citations.
While these developments in artificial intelligence are exciting, uncertainty persists in the cryptocurrency sector, including AI coins. Data suggests a negative trend, with AI coins experiencing a 14.8% drop in market value over the past 24 hours, amounting to $29.8 billion.
AI and big data-focused crypto projects seem to be impacted by the overall uncertainty and downward trend in the sector. However, initiatives from major players like Google and OpenAI may indicate potential future growth.
Despite the positive advancements in artificial intelligence, the prices of AI-focused cryptocurrencies have not reflected this progress. Significant declines have been observed over the past week.
For the latest news, follow us on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
