The investment comes after traders started to bet on the potential of AI and crypto, following the recent rise in popularity of AI-driven chatbots such as ChatGPT and image generation software DALL-E. Both of these are traditional software that do not use cryptocurrencies or blockchain, However, a spike in institutional interest in their parent company – OpenAI, which recently raised $10 billion from Microsoft at a $29 billion valuation – has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.
Source: https://www.coindesk.com/business/2023/03/29/ai-focused-crypto-protocol-fetchai-raises-40m-to-deploy-decentralized-machine-learning/?utm_medium=referral&utm_source=rss&utm_campaign=headlines