Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Google announces search engine version powered by generative AI, sector tokens fail to rally

Source Fxstreet

Google has revealed a search engine version powered by generative AI.
Astra uses phone cameras and AI for real-time object recognition, finding items, identifying sounds and more.
While project Astra represents a significant leap in AI integration, AI coins are still bleeding.

AI and big data crypto projects and tokens are bleeding, data from CoinGecko shows, with the sector bearing the brunt of a market that is devoid of directional bias. The broader altcoin community is in a disarray as traders watch for the next Bitcoin cue.

Also Read: AI crypto coins rally ahead of ChatGPT creator OpenAI plans to announce Google search competitor on Monday

Google announces Astra

Google has revealed Astra, a new search engine version that is powered by generative AI. The tool uses a phone camera and AI for real-time object recognition, finding items, identifying sounds and more. Specifically, the AI assistant uses camera input to identify objects, recognize sounds and recall previous observations. This advancement aims to integrate AI more seamlessly into everyday life.

Project Astra is a prototype from @GoogleDeepMind exploring how a universal AI agent can be truly helpful in everyday life. Watch our prototype in action in two parts, each captured in a single take, in real time ↓ #GoogleIO pic.twitter.com/uMEjIJpsjO
— Google (@Google) May 14, 2024

Beyond Google, OpenAI, the company behind ChatGPT is also set to announce a new market competitor against Google, Reuters reports, citing sources close to the matter. Bloomberg reported that the new search engine tool would be an extension of ChatGPT, adding that it will make it possible for ChatGPT to pull in direct information from the Web and include citations.

Despite the Google announcement, however, AI crypto coins refuse to rally, with CoinGecko data showing sector tokens in the red. However, the Artificial Intelligence (AI) market capitalization today is $29.8 billion, a 14.8% change in the last 24 hours.

AI crypto coins

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Author Beincrypto

Dec 17, 2024

Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Analyst Flags XRP as Market’s ‘Best Risk/Reward’ Play as Token Tests Critical $1.60 Support Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Author Mitrade

Feb 03, Tue

Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.

Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investors Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Author FXStreet

Feb 05, Thu

Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.

Bitcoin Drops to $70,000. U.S. Government Refuses to Bail Out Market, End of Bull Market or Golden Pit? The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da

Author TradingKey

Feb 05, Thu

The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da

Bitcoin Surrenders $65,000 as Analysts Warn of ‘Structural’ Market Break Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.

Author Mitrade

Feb 06, Fri

Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.

Popular Symbols