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Sunday, July 7, 2024
bitcoin
Bitcoin (BTC) $ 57,468.40
ethereum
Ethereum (ETH) $ 3,015.64
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 508.77
usd-coin
USDC (USDC) $ 0.999978
xrp
XRP (XRP) $ 0.433672
binance-usd
BUSD (BUSD) $ 0.995339
dogecoin
Dogecoin (DOGE) $ 0.110368
cardano
Cardano (ADA) $ 0.366178
solana
Solana (SOL) $ 139.76
matic-network
Polygon (MATIC) $ 0.499963
polkadot
Polkadot (DOT) $ 6.25
tron
TRON (TRX) $ 0.129699
HomeFinanceThe absurd AI mania is coming to an finish
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The absurd AI mania is coming to an finish

Enterprise capital curiosity in cryptocurrency has decreased considerably for the reason that bull run of 2021. At $2.3 trillion in market capitalization, each VC needed a bit of the business.

The image is now very totally different. One other dominant pressure out there has attracted the overwhelming majority of enterprise funding over the previous yr: synthetic intelligence giant language fashions (LLMs).

ChatGPT and different main platforms are seeing decreased curiosity. Credit score: Chandler Nguyen

Chris Coll-Beswick is the founder and managing associate of Transcend Labs, a Web3 incubation platform. He’s additionally a mentor and decide for Stanford’s AI & Web3 Analysis Lab Affiliation. Previous to Transcend Labs, he based Calibre Capital andco-founded Yeswetrust. He holds an undergraduate diploma from the College of Sheffield.

Proceed Studying on Coin Telegraph

See also  Bitcoin sheds $50 billion in market capitalization after faux SEC ETF approval rattles market
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