Recently, data shows a decline in AI and big data-focused crypto projects and tokens. This situation creates concern and uncertainty among investors in the sector. Especially, while investors now expect the next Bitcoin-like boom, there is chaos within the altcoin community. On the other hand, significant developments in the field of artificial intelligence continue to emerge. The latest development came from Google.
Google Introduces AI-Powered Search Engine Astra
In this uncertain environment, Google’s new AI-powered search engine, Astra, has attracted attention. Astra uses phone cameras and AI technologies for functions such as real-time object recognition, voice recognition, and more.
Specifically, the AI assistant performs tasks such as identifying objects with camera input, detecting sounds, and recalling previous information. This aims to integrate AI more into daily life, enhancing user experience.
OpenAI Competes with Google
Despite Google’s Astra announcement, rival company OpenAI is preparing to launch its own AI-powered search engine. According to Reuters, this new search engine from OpenAI is expected to be an extension of ChatGPT. Bloomberg reports that this search engine will allow ChatGPT to pull information directly from the web and make citations.
Despite these exciting developments in the field of artificial intelligence, uncertainty continues in the cryptocurrency sector. According to data, red signals dominate the sector, including AI coins. For example, the market value of AI coins has dropped by 14.8% in the last 24 hours, falling to $29.8 billion.
NEAR, FET, RNDR, and GRT Prices
At this point, AI and big data-focused crypto projects seem to be affected by the general uncertainty and downward trend in the sector. However, new initiatives from major players like Google and OpenAI may indicate potential future growth.
As seen in the table, the positive developments in the field of artificial intelligence have not reflected in the prices of AI-focused cryptocurrencies. Significant declines are noticeable over the past week.
