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The artificial intelligence market, currently valued at $327.4 billion, continues to grow as a result of increased investment in this area of the technology industry.
This is due in large part to the increasing potential application of artificial intelligence technology, which ranges from content production to autonomous vehicles.
As AI technology progresses and becomes increasingly accessible, AI spending is increasing in various sectors.
From 2015 to 2020, global business investment in AI grew by $55 billion annually, with most of this increase coming from private companies in the United States.
As popular platforms like SingularityNET and ChatGPT become mainstream, the widespread usage of artificial intelligence applications has increased.
AGIX, SingularityNET's native symbol, is capitalizing on this trend as it has recorded strong gains since the beginning of 2023.
Image: Altcoin Buzz
SingularityNET Explodes 126% In The Weekly Chart
According to Coingecko, as of Sunday, February 5, AGIX is trading at $0.4374 – exploding 127% in the last week – with the coin growing 60% in the last 24 hours alone.
Equity market capitalization rose from its lowest point in 2022 to over $526 million, an increase of over 204%. Coingecko's stats reveal that its 24-hour volume increased to $252,247,987 at the time of writing this report.
On Friday, the cryptocurrency SingularityNET jumped to $0.25, its highest point since January 14. At the highest level of the day, AGIX experienced an unbelievable increase of 555% compared to its December low.
SingularityNET: Quick Definition
SingularityNET is a blockchain-driven platform that allows anyone to easily design, share and sell AI services. The SingularityNET marketplace invites users to browse, evaluate, and purchase AI services using AGIX, its native currency.
Agix is used to give people the opportunity to vote on matters that may affect the future of the network. In addition, it can be staked in return for inducements and is used to pay for platform services. Agix can be bought, sold and traded on cryptoexchange exchanges.
#SingularityNET’s decentralized AI marketplace saw strong growth in 2022, and with projects funded by @DeepFunding (Round 2 = open) actively developing #AI agents we’ll see a massive expansion in 2023! Read our final report here:https://t.co/ZWJEdIDS4r#BuildingOnCardano #AGI pic.twitter.com/c8wb6s6gUt
— SingularityNET (@SingularityNET) January 8, 2023
Most of the SingularityNET team is made up of scientists, developers, engineers and artificial intelligence researchers. It was established by dr. ben goertzel (CEO and head of singularitynet science), simone giacomelli, and david hanson.
The platform was made available to the public for the first time in 2017 and secured $36 million in a single minute through an initial coin offering (ICO) in December of the same year.
Crypto total market cap at $1 trillion on the weekly chart | Chart: TradingView.comSimilar to other cryptocurrencies, the price of AGIX has surged due to macroeconomic variables. Recent evidence shows that wage inflation has started to moderate. Investors expect the U.S. Fed to become a little more accommodating due to lower inflation.
Screenshot of Mutant Reviewers.
