The artificial intelligence (AI) token market is experiencing a surge, with INJ, ICP, and RNDR tokens gaining momentum on December 14. This rally comes after Cathie Wood’s ArkInvest praised open-source AI models like Mixtral, highlighting their progress compared to established models such as OpenAI’s ChatGPT.
ArkInvest’s latest research presents a chart showcasing the performance of these models, demonstrating the remarkable advancements made by open-source contenders. The data indicates that open-source models like Mixtral are making significant strides, surpassing OpenAI’s ChatGPT models despite having fewer parameters. This insight has sparked enthusiasm from Cathie Wood, who acknowledges the growing significance of the tech race.
Currently, centralized giants like Google’s Gemini and OpenAI’s ChatGPT-4 dominate the AI landscape. However, the research suggests a potential shift in the near future, indicating that open-source AI models could outperform their centralized counterparts by 2024. This projected turning point marks a significant development in the AI race.
The emphasis on open-source AI aligns with the broader movement seeking to democratize access to generative AI. As a result, AI tokens have experienced a significant rally, with investors redirected their focus towards this segment.
The AI and Big Data tokens have witnessed a 15.58% increase in market capitalization over the past 24 hours, reaching $18.78 billion. Additionally, its trading volume has surged by 11.82% to $1.70 billion. These notable gains highlight the growing interest of market participants in the AI token sector.
Among the top-performing AI crypto tokens today is Injective (INJ) with a price increase of 27.37%, trading at $31.15, showcasing a bullish sentiment in the broader crypto market. The trading volume for INJ has soared by 37% to $433.82 million, with the token hitting its yearly high of $32.10 within the last 24 hours.
Another notable AI token is the Internet Computer (ICP), whose price rose by 13.09% to trade at $6.38. The trading volume for ICP surged by 36.17% to $149.78 million. Over the past day, ICP reached a high of $6.43 and a low of $5.63.
Render (RNDR) is also among the top movers in the digital asset space. The token witnessed a price increase of 20.61%, trading at $4.75. Its trading volume advanced by 14.45% to $251.71 million. Notably, RNDR reached its yearly high of $4.80 within the last 24 hours, indicating growing investor confidence.
The rally in AI tokens reflects the increasing interest and investment in open-source AI models and their potential to outperform established models. As the AI landscape evolves, investors are recognizing the value and potential growth in this segment.
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