OpenAI Sora: AI Tokens See Surge After OpenAI Launched Its New Text-to-Video Model Sora
Worldcoin, the crypto project co-founded by Sam Altman, soared 30 per cent, the highest among all AI tokens, setting a new lifetime peak at $7, the report mentioned.
New Delhi, February 19: Following the launch of OpenAI's text-to-video model Sora, a significant growth have been witnessed in the artificial intelligence (AI)-related tokens over the weekend. According to CoinGecko data, sector tokens such as Ocean Protocol's OCEAN and Fetch have increased by an average of 7.7 per cent in the last 24 hours. AI's FET was up more than 10 per cent, reports CoinDesk.
Several users also took to X to express their thoughts on this development. "Artificial intelligence (AI) tokens are on the rise today following the launch of OpenAI's new text-to-video tool, Sora," a user wrote on Monday. "The AI narrative is still extremely early and money will keep flowing into it during this run," another user wrote. Tamil Nadu To Establish Artificial Intelligence Mission for Leveraging AI Technology in Education, Employment, Industry, Research and Medicine.
Worldcoin, the crypto project co-founded by Sam Altman, soared 30 per cent, the highest among all AI tokens, setting a new lifetime peak at $7, the report mentioned. In early 2023, there was a significant increase in interest in tokens related to AI as ChatGPT and image generation software gained popularity. However, the hype surrounding AI-related tokens slowed down in the past few months. However, the launch of Sora has reignited the interest in this sector. Indian Small and Medium Enterprises' Budgets Increasing Due to Rise of AI, Global Uncertainty and Security Threats: Report.
According to OpenAI, Sora is capable of generating entire videos all at once or extending generated videos to make them longer. Similar to GPT models, Sora uses a transformer architecture, unlocking superior scaling performance.
(The above story first appeared on LatestLY on Feb 19, 2024 05:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).