Microsoft has reportedly developed its own artificial intelligence (AI) chip that it plans to use with language models. This development has meant an increase in value for some AI coins. Here are the details…
Microsoft announces AI
cryptocoin.com As we have also reported, Microsoft, showing the importance it attaches to the field of artificial intelligence with its investments in OpenAI, the developer of ChatGPT, shared a new AI development. The chip, codenamed “Athena,” has been in development since at least 2019 and is designed to outperform and be more cost-effective than externally produced options, The Information reported on April 18.
Sources cited in the report claim that Microsoft is testing the chips among certain employees of Microsoft and OpenAI, the research organization that created ChatGPT. Microsoft has invested heavily in OpenAI, establishing a close working relationship between the two companies. The report also states that other tech giants such as Amazon, Google and Facebook are already producing their own artificial intelligence chips. Microsoft’s entry into this space appears to be a response to the need for high-performance computing power to handle complex AI workloads.
Microsoft did not officially announce the Athena chip, and the company declined to comment on the report. The Information’s sources are said to be people who know about the product. Relatedly, Elon Musk, CEO of Tesla and Twitter, recently announced plans to develop a chatbot called TruthGPT and submitted documents to start a company called X.AI. This move demonstrates Musk’s interest in the field of artificial intelligence, as well as his desire to explore new applications for the technology.
Artificial intelligence coins take a leap
Meanwhile, some AI coins were on the rise following the Microsoft development. According to the data of CoinMarketCap, the highest rising AI coin in the last 24 hours was Raven Protocol (RAVEN) with 37 percent. It was followed by DOC.COM (MTC) with 25 percent, Agoras: Currency of Tau (AGRS) with 25 percent, YFDAI.FINANCE (YF-DAI) with 17 percent and finally Forta (FORT) with 7 percent.
AI coins refer to cryptocurrencies designed to support and/or use artificial intelligence (AI) technology. These coins can be used to fund AI research and development, support AI-powered applications and services, or provide incentives for individuals and organizations to contribute to AI development. It is worth noting that cryptocurrency prices can be highly volatile and subject to rapid changes in response to a number of factors, including market sentiment, news and regulatory developments. Investors should be careful and do their own research before making any investment decision.
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