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In a widespread recovery of the cryptocurrency market, AI coins such as FET, RENDER, and TAO have gained significant attention and experienced notable increases. The launch of Donald Trump’s ‘Stargate’ project and substantial investments from tech giants in the sector have sparked this rise in token values.
Trump’s Major Investment Announcement
Donald Trump, the 47th President of the United States, announced plans to provide substantial support to the AI sector shortly after taking office. In his address to the nation, he revealed that the largest AI infrastructure project in American history, ‘Stargate,’ would be established.
Trump stated, “With the Stargate project, we aim to invest 500 billion dollars in the economy and create over 100,000 American jobs.”
He also mentioned that OpenAI, Softbank, and Oracle have come together to bring this ambitious project to life. These developments have heightened optimism regarding the future growth potential of FET and other leading AI coins.
Google’s Investment in AI
Tech giant Google has announced its intention to make significant investments in the AI sector. According to reports, Google plans to invest 1 billion dollars in Anthropic, a leading competitor to OpenAI.
A Google spokesperson commented, “Our investment in Anthropic will solidify our leadership in the AI field.”
Additionally, Lightspeed Venture Partners is expected to invest 2 billion dollars in Anthropic. These large investments continue to drive up the value of AI tokens such as FET, RENDER, and TAO.
AI Coins Rise in Tandem with Market Trends
At the time of reporting, the price of FET increased by 11% daily, reaching 1.30 dollars. RENDER saw a 7% rise, trading at 7.09 dollars, while TAO climbed by 6% to 418.21 dollars. These increases align with the overall positive sentiment in the AI sector.
The substantial investments made in the AI domain are expected to create favorable conditions for the future performance of AI coins. Investors view Trump’s Stargate project and Google’s investment in Anthropic as indicators of long-term growth potential in the AI sector.
The surge in AI coins is also supported by the overall recovery in the cryptocurrency market. The overall improvement in the market contributes to the appreciation of AI tokens and allows the sector to attract more investments.
