ChatGPT and Elon Musk Rumors Power Cardano-Based AI Altcoin

Elon Musk Bitcoin Tesla
  • The tycoon, Elon Musk, has been making comments in front of a new version of ChatGPT.
  • Musk has been recruiting AI researchers to get started on this new project.
  • The SingularityNET project aims to build an ecosystem that promotes the use of tokens in the AI ​​industry.

Following rumors that Elon Musk has plans for a new version of ChatGPT, an AI-focused altcoin project has seen a rebound.

Over the weekend, Musk explained to his 130 million Twitter followers his views on the AGI and the potential threat it poses to humanity.

“Today I have a bit of existential angst about AI. But, all things considered regarding AGI existential angst, I’d rather be alive now to witness AGI than be alive in the past and not.”

Musk commented on Twitter

The next day, according to a source at The Information, Musk addressed AI researchers and proposed the concept of establishing a new research lab to investigate the development of a new iteration of ChatGPT.

Igor Babuschkin, an AI researcher who previously worked for DeepMind, an AI business that was bought by Google’s parent company Alphabet, was reportedly recruited by Tesla’s CEO.

SingularityNET (AGIX), a cryptocurrency project whose main goal is to develop AGI technology, rose strongly on rumors and reports, while the rest of the markets traded lower or flat.

AGIX is a blockchain-based marketplace for artificial intelligence services, including individual AI algorithms and standalone AI applications. It was first developed on Ethereum (ETH) before being made compatible with Cardano (ADA).

The project leadership claims that it strives to establish an ecosystem of initiatives to promote the growth and use of tokens in industries such as enterprise-level AI, robotics, biotech, gaming, and decentralized finance (DeFi).

After the rumors spread, AGIX had a rebound in its price reaching 0.51 dollars. AGIX is currently up 15.93% so far this day, with a market capitalization of $623,183,128.