AI Token Gains Outshine Bitcoin, Ethereum After Google Reportedly Invests $400M In ChatGPT Rival

AI-based tokens are rallying, outpacing Bitcoin BTC/USD and Ethereum ETH/USD gains in the last 24 hours. 

What Happened: Decentralized AI network SingularityNET AGIX/USD was up 24% in the last 24 hours. While Fetch.AI FET/USD was trading at $0.42 up 27%, and Artificial Liquid Intelligence ALI/USD at $0.04 up 30%.

The rally in AI tokens came after Alphabet Inc.’s Google GOOGL reportedly said it invested nearly $400 million in artificial intelligence startup Anthropic AI, which is testing a rival to OpenAI’s ChatGPT.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards 

Google and Anthropic have entered into a new partnership following Microsoft Corp.'s high-profile $10 billion investment in OpenAI. This follows Microsoft's $1 billion investment in the AI startup in 2019, with an additional round in 2021. 

Price Action: At the time of writing, BTC was trading at $22.912, down 1.46%. ETH was at $1,627, down 2% in the last 24 hours, according to Benzinga Pro.
Read Next: Bitcoin, Ethereum, Dogecoin Slump As Post-Fed Rally Fades: Analyst Says Breaching $25K Looks Difficult For Apex Coin

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsTop StoriesMarketsMoversTrading IdeasChatGPTFetch.aiSingularityNET
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!