In Light of Nvidia's Record-Breaking Profits, AI Tokens Surge

This year, there has been a significant surge in the demand for AI, leading some experts to refer to its adoption as the Fourth Industrial Revolution.

Source: www.bhmpics.com

Following Nvidia's impressive earnings announcement last week, the value of artificial intelligence (AI) crypto tokens has seen a sharp increase. As of the latest update, OpenAI CEO Sam Altman’s Worldcoin (WLD) is trading at $8.04, marking a remarkable 240% gain over the past month. Similarly, blockchain AI analytics firm Arkham Intelligence’s native token, ARKM, has surged by 211% during the same period, with its current price standing at $1.68.

On Feb. 21, Nvidia revealed revenue and earnings figures of $22.1 billion and $12.3 billion, respectively, for Q4 2024, indicating jumps of 265% and 769% compared to Q4 2023. Jensen Huang, founder and CEO of NVIDIA, attributed this strong performance to the widespread surge in demand for accelerated computing and generative AI, stating that demand is surging worldwide across companies, industries, and nations. Crypto projects are also riding the AI wave.

Recently, Sleepless — a Web3 AI companion platform — unveiled its roadmap for 2024. Promising authentic emotional communication through AI dialogue and voice experiences, Sleepless teased the launch of its flagship AI blockchain game, Her 2.0, this year. The game will allow users to customize virtual partners, engage in player-vs-player battles, and earn rewards through various in-game activities.

On February 13, Fetch.ai, an AI platform for decentralized applications, announced a collaboration with Deutsche Telekom for enterprise AI. Deutsche Telekom will act as a validator on the Fetch.ai blockchain, leveraging AI-driven autonomous agents to enable resource management, transactions, and traffic analysis across various sectors like healthcare, automotive, and supply chain management. Since 2020, iExecRLC, a decentralized computing blockchain, has been involved in Nvidia’s Inception Program, focusing on AI edge computing exploration. With a current market capitalization of $323 million, the project remains dedicated to advancing AI technologies.

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