BlackRock And Microsoft Inject $30 Billion Into AI Sector, Sparking Major Rally In AI Coins
The AI sector is experiencing a surge as BlackRock and Microsoft team up to inject a massive $30 billion into AI development.
This partnership, set to mobilize up to $100 billion, aims to accelerate advancements in deep learning and large-scale data processing. As a result, AI-related cryptocurrencies are already on the rise, and this could be just the beginning.
While many projects are indirectly benefiting from this investment, smart money is closely watching ventures directly tied to BlackRock and Microsoft. One such project is ONDO, an on-chain financial platform managed by BlackRock executives. Since April, BlackRocks BUIDL fund has been channeling millions into ONDO, which is used to acquire altcoins in the AI space.
Several AI-focused tokens are gaining traction due to this massive investment. One standout is $RNDR (Render Network), priced at $6.11 with a $2.3B market cap. Often dubbed the Nvidia of crypto, Render is a decentralized network for renting idle GPU power for tasks like 3D rendering and machine learning.
AI Token, $FET Now Part Of ASI Alliance
Another major player is $FET (Fetch.AI), now part of the ASI Alliance, valued at $1.70 with a $4.2B market cap. The alliance, formed from a merger with $OCEAN and $AGIX, aims to create a decentralized AI giant to rival Google and OpenAI.
BlackRock and Microsoft just injected $30 billion into the AI sector
AI coins are already pumping, and this is just the beginning
They are secretly funneling more money into multiple projects
I was able to find their wallets and discover which projects to accumulate pic.twitter.com/n6D5y3dZmX
Dami-Defi (@DamiDefi) September 25, 2024
$TAO (Bittensor), priced at $579.36 with a $4.2B market cap, focuses on connecting machine learning models in a decentralized network, while $PAAL ($0.2822, $241M market cap) offers a blockchain-based AI chatbot ecosystem for automating crypto-related tasks.
Other promising AI tokens include $GRT (The Graph), $AKT (Akash Network), $IO (IONet), and $ORAI (Oraichain), each offering unique decentralized solutions aimed at transforming the AI and blockchain landscape. The rally in these AI coins is just the start of a major shift in the sector.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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