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Monday, May 20, 2024
bitcoin
Bitcoin (BTC) $ 68,585.38
ethereum
Ethereum (ETH) $ 3,146.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 580.46
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.520532
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.153812
cardano
Cardano (ADA) $ 0.4749
solana
Solana (SOL) $ 181.12
matic-network
Polygon (MATIC) $ 0.70057
polkadot
Polkadot (DOT) $ 7.15
tron
TRON (TRX) $ 0.122451
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 chunk of the business.

The image is now very totally different. One other dominant drive available in the market has attracted the overwhelming majority of enterprise funding over the previous 12 months: 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 accomplice 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  Regulators across the globe assert extra management over crypto: Regulation Decoded
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