AI and Big Data Tokens Soar as Microsoft and Google Lead Chatbot Craze

The sudden interest in artificial intelligence (AI) chatbots has caused a surge in crypto assets in the AI and big data space.

Major tech companies like Microsoft and Google have driven the market with their own chatbots and AI-powered search engines.

Leading the charge is Big Data Protocol (BDP), which has experienced a 1,400% rally in the last week, trading around $0.48, according to CoinGecko data.

Other notable gainers in the AI and data intelligence space include SingularityDAO (SDAO), SingularityNET (AGIX), Fetch.ai (FET), Measurable Data (MDT), Matrix AI Network (MAN), DeepBrain Chain (DBC), Oraichain (ORAI), and Vectorspace AI (VXV), with price increases ranging from 75% to 200%.

These crypto projects operate in the niche of blockchain-based data analytics and offer a decentralized infrastructure to support AI and data science models.

Some projects, like SingularityNET, incentivize individuals to contribute data that improves proprietary AI models, and compensate them with tokens.

Others, like DeepBrain Chain, reduce the cost of training AI models by allowing users to contribute data and processing power on a distributed network.

However, not everyone is convinced of the compatibility between AI and blockchain. Andre Cronje, lead developer at Fanton, believes that projects pivoting into AI are likely running out of ideas and are “dead in the water.”

He states that blockchain and AI are not complementary, and the current interest in AI-based tokens is likely just for pump and dump reasons.