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.

Ethereum slides below $3,000 as sellers defend $3,020 and $2,880 becomes the key line Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

Author Mitrade

Jan 21, Wed

Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

Bitcoin’s Whale Map Shifts as BTC Drops Below $90,000 Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.

Author Mitrade

Jan 22, Thu

Bitcoin fell below $90,000 to around $88,300 as risk-off headlines hit markets, while on-chain data shows new whales now lead Realized Cap with a ~$98,000 cost basis and ~$6B unrealized losses.

Gold moves away from record high as safe-haven demand fades on easing trade war concerns Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.

Author FXStreet

Jan 22, Thu

Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.

Top 3 Price Forecast: BTC Shows Early Stabilization; ETH and XRP Still Look Heavy BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.

Author Mitrade

Yesterday 05: 56

BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.

Popular Symbols