Artificial intelligence (AI) altcoins took off this week, and reports surfaced that Microsoft plans to invest heavily in the AI space.
News website Semafor, citing sources familiar with the matter, reports that Microsoft is in talks to invest $10 billion in artificial intelligence research firm OpenAI.
OpenAI created ChatGPT, an AI chatbot that went viral in November and December 2022.
SingularityNET (AGIX) is one of the biggest benefactors of that news in the crypto space. Project Native His token is trading at around $0.11 at the time of writing, up more than 136% from its price a week ago.
SingularityNET is a blockchain-based marketplace for artificial intelligence services, from individual AI algorithms to standalone AI applications.
Fetch.ai (FET) has also reached unexpected heights. Project Native His token is trading at around $0.207 at the time of writing, up more than 91% from its price seven days ago.
Fetch.ai is a decentralized machine learning system intended to serve as a platform for applications that enable financial services, smart cities, the gig economy, and more to operate more efficiently.
Additionally, the data-sharing blockchain Ocean Protocol (OCEAN) is also making waves this week. OCEAN is up about 37% over the past seven days and is trading around $0.255 at the time of writing.
Ocean Protocol is a decentralized data exchange protocol aimed at unlocking data for AI.
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