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Home»HACKING NEWS»SoftBank invests $1.5 billion in OpenAI as iDEGEN revitalizes cryptocurrency AI.
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SoftBank invests $1.5 billion in OpenAI as iDEGEN revitalizes cryptocurrency AI.

By Crypto FlexsNovember 29, 20244 Mins Read
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SoftBank invests .5 billion in OpenAI as iDEGEN revitalizes cryptocurrency AI.
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OpenAI, a leader in artificial intelligence (AI) development, received an investment worth $1.5 billion from Softbank, sparking new interest in AI-based cryptocurrency.

Meanwhile, a new player is emerging in the cryptocurrency AI space: iDEGEN, an innovative community-driven AI project. Through dynamic pricing and decentralized control, iDEGEN promises to reinvent the way AI interacts with the cryptocurrency community.

SoftBank invests $1.5 billion in OpenAI

On November 27, OpenAI announced that it had secured a significant investment of $1.5 billion from SoftBank, a leading multinational investment firm.

The deal was part of a public offering that would have allowed OpenAI employees to sell shares, making SoftBank a major stakeholder in the company. This tender offer not only provides liquidity for employees, but also solidifies SoftBank’s commitment to the future of artificial intelligence.

As AI technology continues to mature, OpenAI has emerged as a central player in the field, with flagship projects such as GPT-3 and DALL·E impacting industries around the world.

The $1.5 billion deal is expected to take OpenAI’s valuation to more than $157 billion, sparking speculation about how it will impact the broader AI ecosystem.

When news of Softbank’s investment broke, prices of AI-related cryptocurrencies such as Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO), and Injective (INJ) rebounded significantly.

Market enthusiasts are optimistic that AI coins can see a sustained upward trend thanks to the growing influence of OpenAI and the ripple effect of SoftBank’s approval.

What is an alien?

While OpenAI is solidifying its presence in the AI ​​industry, another project, iDEGEN, is making waves in the cryptocurrency space. Born out of the chaos of meme culture, this AI-powered cryptocurrency project is revolutionizing the way AI interacts with the cryptocurrency community.

Unlike traditional AI models, iDEGEN evolves through interactions on X (formerly Twitter), where users can feed data through tweets, tags, and comments. Every X post shapes iDEGEN’s understanding of the world, making it a living, breathing and unpredictable entity.

What sets iDEGEN apart is its community-driven approach. AI learns from the unfiltered thoughts and opinions of cryptocurrency enthusiasts and absorbs the culture of memes, trolling, and cryptocurrency madness.

The project’s motto “Shaped by the community” underpins its core philosophy. iDEGEN is not just a token. An AI that grows and adapts based on the contributions of its followers.

Currently, the iDEGEN project is conducting a pre-sale of its native token $IDGN tokens with a dynamic price auction system.

Unlike traditional fixed-price token sales, iDEGEN’s pre-sale price will adjust every five minutes based on market activity.

If an interested investor purchases $IDGN tokens within 5 minutes, the price will remain stable for the next period. However, if consecutive purchases occur, the price of $IDGN will increase by 5%. Conversely, if there is no activity within 5 minutes, the $IDGN price drops by 5%.

These real-time price movements reflect the unpredictability of the cryptocurrency market itself, creating a unique and thrilling experience for early investors.

At press time, the iDEGEN presale had raised close to $1 million and over 330 million tokens had been sold. The pre-sale is expected to continue until January 1, 2025, when the token will be listed on major exchanges.

The future of AI and cryptocurrency with OpenAI and iDEGEN leading the market

OpenAI’s $1.5 billion investment from SoftBank is a sign of the growth potential of AI technology and its growing impact on the cryptocurrency space, while iDEGEN represents a paradigm shift in how AI can be integrated into the cryptocurrency world.

iDEGEN is pushing the boundaries of what decentralized AI projects can achieve by empowering the community to shape its evolution.

iDEGEN’s pre-sale success and innovative token model highlight a growing trend of community-driven initiatives that could reshape both the AI ​​and cryptocurrency industries in the future.

With major players like OpenAI and groundbreaking projects like iDEGEN leading the way, the future of this dynamic sector looks incredibly promising.


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