The costs of Web Pc (ICP) and SingularityNET (AGIX) tokens held regular this week after the 2 firms introduced a brand new synthetic intelligence (AI) partnership. AGIX token rose to a multi-month excessive of $0.3240 whereas ICP moved to a excessive of $4.96.
AGIX and ICP costs have completed nicely just lately, helped by the shut correlation that exists within the crypto trade. Most different digital currencies like Bitcoin, Ethereum, Solana, and Polkadot have all soared, giving them a complete market cap of over $1.4 trillion.
In a press release, SingularityNET and Dfinity introduced that they’d collaborate to advance decentralized AI infrastructure and convey AI-based companies to all dApps constructing on the ICP.
It is a main partnership for a number of causes. For instance, Web Pc is likely one of the main gamers within the blockchain trade. In contrast to good contract platforms like Ethereum and Solana, it has a full infrastructure to allow builders to construct dApps. It additionally has its personal good contract language identified as canisters.
SingularityNET, alternatively, is a number one participant within the Web3 trade as a result of it focuses on synthetic intelligence. It has a market that’s made up of platforms which are altering the trade. Among the key gamers of the ecosystem are Rejuve, Cogito, SingularityDAO, and Sophia Verse.
SingularityNET and Dfinity will even collaborate in how they award their grant applications. They are going to synergize these grants and supply builders the sources they should construct high quality functions. Additionally, they may host joint occasions at ICP.Hubs to advertise the expertise. In a press release, the founding father of Dfinity stated:
“The Web Pc, has been on the forefront of internet hosting synthetic intelligence on the blockchain. For the reason that launch of the $5 million DeAI grant in July, now we have seen an uptick in initiatives leveraging AI on ICP. This initiative with SingularityNET will additional understand our imaginative and prescient for DeAI.”
AI tokens have been within the highlight this week as challenges at OpenAI continued. On Friday, the board determined to fireplace Sam Altman, OpenAI’s Chief Government Officer (CEO) and co-founder. Makes an attempt to convey him again to the corporate in the course of the weekend failed.
Within the aftermath, Microsoft employed him to steer a brand new AI initiative within the firm. These developments are essential as a result of OpenAI has been on the forefront of boosting AI. ChatGPT, its generative AI software is essentially the most superior one within the trade.