ChatGPT and Google News reportIn the trend that revolves around the AI chat robot, Google's head office Alphabet Inc. Stock valuations fell by about 8% on Wednesday, February 8, 2023. At a time when Google lost a lot of money, traders were anxious about competition between ChatGPT from OpenAI.
After ChatGPT broke into this field, many login password tokens in the AI field have gradually landed in the password sales market in the past few days. Some people speculate that as Google and OpenAI compete with each other, artificial intelligence tokens will be seduced again in the near future. Unlike other technological breakthroughs, innovation based on artificial intelligence requires less time to improve. In such an environment, traders have weighed the potential synergies between cryptocurrency and artificial intelligence technology.
Recently, the search index of the term "data encryption artificial intelligence" has risen sharply since January 2023. This immediately translates into interest in cryptocurrencies working in the artificial intelligence industry.
He said:
Google has announced that it will soon release Google Bard, a chat robot powered by artificial intelligence. Prior to this, interest in artificial intelligence chat robots such as ChatGPT has grown rapidly, so Google has been trying to release its ChatGPT replacement quickly. Interest in artificial intelligence tokens is so high that cryptocurrencies like Graph (GRT) are worth more than double what they were a week ago. Big data's Technical Agreement (BDP), a cryptocurrency with a low market capitalization, has soared only in the past week, and its use value has increased tenfold. Graph (GRT) is the 40th token by market capitalization.
In an environment where people place hopes on artificial intelligence tokens, other alternative currencies with non-artificial intelligence use cases are likely to lose the interest and liquidity of investors and corporate traders. However, it remains to be seen how long the market's interest in artificial intelligence tokens can last. Are artificial intelligence data encryption tokens the commemorative gold coins for the next bull market? Or will it eventually become a big bull market trap?
Learn more: what is Bull Trap in Crypto and how do you identify it?
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