- Bullish attitude dominates in the AI market, as seen by strong price increases for numerous AI currencies.
- Semiconductor companies are driving AI coin rallies, with Nvidia’s earnings report and market optimism boosting the sector’s market cap by 10.4%.
- OpenAI’s forthcoming search engine launch increases AI competition, signals innovation, and may raise investor confidence in projects involving AI.
Semiconductor businesses continue to fuel the artificial intelligence (AI) coin boom, boosted by Nvidia’s impending earnings report and a jump in AI market excitement. The AI market valuation, which is now $27.8 billion, has increased by 10.4% in the previous 24 hours.
Nvidia is anticipating release of its Q1 earnings statement on May 22 that may eventually favour the bullish trend of the AI market. Investors follow up the process, waiting for an upward trend in the blockchain-related equities, and the AI-based blockchain tokens will benefit from this.
In addition, a new stream on the path is also expected, which may boost the already bullish atmosphere around AI coins. As per sources, OpenAI, an AI research and deployment firm, has plans to release a search engine in the competition with Google on May 13. Consequently, the appearance of OpenAI in the field of Google competition harbors the possibility of a change in the search engine market.
The forthcoming introduction of OpenAI’s search engine is considered as an enormous advance in the AI commerce. As OpenAI expands into the field of AI-powered search, it not only increases competition but also represents the sector’s unwavering quest for innovation. This development is likely to boost investor confidence in AI-related ventures.
In the previous 24 hours, several AI currencies have seen huge price increases. Fetch.ai (FET) is currently at $2.34, with a market capitalization of $1.986B, representing an 8.84% growth in value. Render (RNDR) is up 11.83%, trading at $11.41, with a market capitalization of $4.435B.
The Graph (GRT) has since increased by 18.51%, and is now trading at $0.311864 with a market capitalization of $2.957B. Furthermore, Bittensor (TAO) is today at $395.96, with a market capitalization of $2.668B, representing a 2.84% increase.
Akash Network (AKT) has surged by 17.08%, priced at $5.73, with a market cap of $1.352B while SingularityNET (AGIX) has seen a 9.67% increase, trading at $0.980312, with a market cap of $1.256B.
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