Artificial Intelligence (AI)-based altcoins outperformed the market on Monday. They have managed to stand out among major crypto assets in the market overall. In the background of this development, there were probably recent announcements of new developments from AIve technology giants in the USA. These altcoins witnessed almost double-digit or higher gains during the day.
Updates to the AI ecosystemleft its mark on the agenda
Tech giant NVIDIA announced its Large Language Model (LLM) DrEureka on May 3. LLM is a type of artificial intelligence that can generate text among other tasks. DrEureka automates writing code to train robotics skills. In a demo, NVIDIA used DrEureka to train a robot dog to balance on a ball and walk without needing to make any tweaks to the simulation.
OpenAI, led by Sam Altman, began rolling out the memory feature for its LLM, ChatGPT, on April 29th. Thanks to this feature, artificial intelligence has the opportunity to transfer what it has learned between conversations when told to it. The memory feature that ChatGPT’s paid users can access is currently available in Europe and Korea.
Amazon launched the company’s AI-powered help for businesses on April 30, alongside its Q Apps feature that allows non-technical users to create custom AI apps. Thanks to this tool, it was possible for users to enter prompts and develop artificial intelligence using Amazon’s data.
Artificial intelligence altcoins differentiated positively from the market
cryptokoin.comAs you can see from , the market generally follows a zigzagging path. However, some tokens that stand out from the market attract attention. Six of the top 10 AI tokens in the industry have achieved near-double-digit gains or higher. According to CoinGecko’s data, artificial intelligence altcoins such as Fetch.AI (FET), Render (RNDR), AIOZ Network (AIOZ), Ocean Protocol (OCEAN) and Arkham (ARKM) increased by over 10% during the day. Looking at the last seven days, almost all of the top ten AI tokens ranked by market cap have posted double-digit gains.
Announcements and statements by technology giants regarding artificial intelligence have likely fueled the gains of AI tokens. The category’s market value rose 10.7% to $27.9 billion on Monday.
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