Published on mei 14, 2024, 12:39 am
Image source: Fox News
```json [ { "TLDR": "Cryptocurrency projects are integrating artificial intelligence (AI) to revolutionize the industry, with initiatives like ChainGPT's Wisdomise AI launchpad project. Other collaborations include KIP Protocol and Aethir, as well as SingularityNet, Fetch.ai, and Ocean Protocol forming the Artificial Superintelligence Alliance (ASI). However, there are reports of malicious activities targeting users, emphasizing the importance of vigilance in this rapidly evolving space." } ] ```
Many cryptocurrency projects have begun incorporating artificial intelligence (AI) into their operations following the emergence of Large Language Models (LLMs) last year. This integration is seen as a significant step in crypto history, revolutionizing the industry in various ways.
One such project making waves is ChainGPT’s AI platform that leverages blockchain technology. In partnership with KuCoin and Gate.io, ChainGPT will conduct an Initial DEX Offering (IDO) for its Wisdomise AI launchpad project on May 13. Wisdomise AI is designed to serve as an AI-powered crypto advisor and investment assistant, aiding users in learning about, predicting, and executing digital asset trades using advanced AI algorithms.
ChainGPT, led by CEO and Founder Ilan Rakhmanov, has been valued at $236 million based on its native token. The platform specializes in developing AI-powered chatbots and news aggregators using LLMs to enhance user experiences within the digital asset marketplace.
In a similar vein, KIP Protocol recently announced a collaboration with Aethir to accelerate AI development on their respective networks. The partnership aims to utilize Aethir’s GPU cloud infrastructure to deploy KIP’s KnowledgeFi monetization system and decentralized retrieval augmented generation (dRAG) framework for enhanced information gathering based on user prompts.
On a larger scale, industry giants SingularityNet, Fetch.ai, and Ocean Protocol have joined forces to create the Artificial Superintelligence Alliance (ASI) project through a token merger worth $7.5 billion. This alliance seeks to explore various product pipelines involving the deployment of AI agents in commercial settings, neural symbolic language learning models (LLMs), and data sharing for AI utilization across different sectors.
Despite these advancements in the crypto AI space, there have been reports of malicious activities targeting unsuspecting users. Security firm CertiK highlighted an incident where scammers exploited the Genius Crypto Token GNUS.ai for $1.27 million through unauthorized access to developers’ private wallets on Discord.
As the cryptocurrency industry continues to evolve with AI integration, it is crucial for users to remain vigilant against potential scams and fraudulent activities prevalent within this innovative landscape.
Original article posted by Fox News
