Global software firm Meta has produced major advancements in artificial intelligence (AI) that have attracted real attention in the tech community. AI models that are generative are at the forefront of this transformation.
Recently, Meta announced the eagerly awaited launch of Llama 2, an improved version of their free, open-source large language model (LLM). With promises of improved capabilities, this new AI offering has raised questions about its potential impact on cryptocurrencies.
Meta’s Llama 2, the latest iteration of their language model, builds upon its predecessor, incorporating valuable feedback and fine-tuning from researchers and users.
The upgraded LLM boasts extensive training on 40% more publicly available online data sources and a remarkable ability to process double the contextual information compared to its predecessor.
Meta Llama 2 Vs. ChatGPT
Acknowledging its advancements, Meta claims that Llama 2 outperforms many competitor open-source large language models in various aspects, such as coding proficiency, reasoning abilities, and performance on knowledge tests.
However, Meta also admits that it lags behind closed-source competitors like OpenAI’s GPT-4 in terms of efficiency.
Bitcoin making a back-and-forth move into the $30K territory. Chart: TradingView.comAI Integration Good For Crypto
But what does this signify for the world of cryptocurrencies? Historical reports indicate that AI integration has resulted in surges for various digital coins.
Ripple’s XRP, for example, experienced a 10% increase after a strategic investment from Futureverse, an AI and metaverse firm. Futureverse focuses on enhancing the music, characters, animations, and objects within metaverse platforms, leveraging AI content generation tools.
The positive implications of AI for both the crypto and metaverse industries have become evident.
AI-Related Cryptocurrencies On The Rise
Interestingly, another significant development contributing to the rise of AI-related crypto tokens emerged with the announcement of xAI, a new AI company founded by Tesla and SpaceX CEO Elon Musk. xAI is set to challenge the popularity of ChatGPT. Following the announcement, AI-related tokens such as AGIX and FET experienced modest yet notable gains.
AGIX from SingularityNET rose by over 6%, while Fetch.ai (FET) climbed by approximately 3%. Musk’s xAI seeks to unravel the true nature of the universe through cutting-edge AI research and development.
Meanwhile, AI models like Meta’s Llama 2 and projects like xAI could pave the way for exciting advancements in AI technology and cryptocurrencies. The merging of AI and digital assets holds boundless potential for transformative innovations in the coming years.
The potential for AI crypto technologies to fundamentally alter the way we transact, manage assets, and make investment decisions makes them the next big thing. With this technology, both individuals and businesses may use cryptocurrencies more quickly, safely, and effectively.
According to a report by OxScope, Binance currently dominates with over 50% of the total cryptocurrency trading volume on centralized exchanges. However, their spot trading share decreased from 62% a year ago to 40% by October 2023, while their derivatives market share remained around 50% throughout much of the year.
JixuIn the most recent incident, a deceitful Xumm plugin was discovered lurking within the Chrome web store, prompting a swift and coordinated response from the vigilant XRPL community.
JoyMeta, Facebook's parent company, tackles AI misuse in political ads, marking a significant move in tech regulation.
Hui XinBinance addresses and dispels rumours surrounding the alleged release of an exclusive invite-only messenger application.
CatherineThe ministry says that Coinbase does not have a national licence to issue or trade digital currencies.
AlexBinance unveiled a secure Web3 wallet, employing advanced security measures, as part of its broader expansion into crypto services.
Hui XinThe new T-wallet will be the result of a collaboration between Aptos Labs, Atomrigs Labs, and SK Telecom.
AlexCoinbase, one of the leading cryptocurrency exchanges, has decided to terminate its support for Bitcoin SV (BSV), a contentious cryptocurrency that emerged as a result of a hard fork from Bitcoin Cash.
AaronThe company's objective is to enhance accessibility to digital collectibles, enabling users to acquire them without relying on Web3 wallets or exchanges.
DavinIn its 2023 fiscal year, the Commodity Futures Trading Commission (CFTC) marked a historic milestone by bringing a substantial number of enforcement actions, with digital assets at the center of the regulatory spotlight.
Aaron