Apple’s ongoing work on an in-device Large Language Model (LLM) could have a major impact on the field of artificial intelligence, according to Bloomberg reporter Mark Gurman. This development has sparked increased interest in the industry, leading to significant gains for cryptocurrencies such as RNDR, TAO, GRT, AIOZ, ARKM, GLM, TRAC, and RSS3. LLMs are AI programs that are trained on vast data sets to understand and generate text, with ChatGPT being a notable example. Apple’s focus on LLMs aligns with its AI strategy.
Intense activity has been observed among AI-focused companies, with several major announcements made recently. Meta, OpenAI, Sora, Microsoft, Google DeepMind, Boston Dynamics, and Tencent have all unveiled new innovations and updates in the AI space.
Meta introduced two versions of Llama 3, while OpenAI and TED shared a new AI video created by Sora. Microsoft unveiled a new model called VASA-1, which has the ability to generate videos from a single photo or sound clip. Google DeepMind showcased a demo of their autonomous ALOHA 2 robots.
These announcements signify the rapid advancements and innovations taking place in the AI industry. As a result, the prices of cryptocurrencies have also risen. Tokens such as RNDR, TAO, GRT, AIOZ, GLM, TRAC, and RSS3 have experienced gains ranging from 2% to 13%.
A new research report from Sygnum, a digital banking giant, highlights the significant increase in cryptocurrency usage. The Web3 sector, particularly AI-based protocols and decentralized physical infrastructure networks (DePIN), is experiencing strong momentum.
The report emphasizes the impact of decentralized computing resources on areas like interoperability solutions and data sharing services. These developments, which go beyond traditional financial systems, contribute to the wider adoption of cryptocurrencies and blockchain technology.
The growth trend of the Web3 sector provides valuable insights into the future evolution of digital ecosystems. The integration of technology and the proliferation of decentralized systems have the potential to bring about significant transformations in finance and data security.
Disclaimer: This article is not intended as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.