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Home»ALTCOIN NEWS»Two AI-related crypto assets rally as OpenAI launches text-to-video artificial intelligence model.
ALTCOIN NEWS

Two AI-related crypto assets rally as OpenAI launches text-to-video artificial intelligence model.

By Crypto FlexsFebruary 18, 20243 Mins Read
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Two AI-related crypto assets rally as OpenAI launches text-to-video artificial intelligence model.
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Two artificial intelligence (AI)-focused altcoins are surging as AI research firm OpenAI launches a new text-to-video project.

In a new thread, tech giant OpenAI announce Launch of Sora, a new model that can generate detailed, high-definition videos based on text prompts.

“Introducing Sora, a text-to-video model. Sora can create videos of up to 60 seconds with highly detailed scenes, complex camera motions, and multiple characters with vivid emotions.”

According to the OpenAI website, Sora can also generate video from still images.

Two AI-related digital assets surged on the news of the launch: decentralized video streaming network Livepeer (LPT) and blockchain-based AI service SingularityNET (AGIX) Marketplace.

LPT recorded a remarkable rise of 83.9% from the low of $7.96 on February 15 to $14.64 in one day, while AGIX rose to a high of $0.418, up 31.4% from the low of $0.318 on February 15. Same time zone.

Both cryptocurrency assets have since been tracked and are trading at $14.32 and $0.384 respectively at the time of this writing.

In the following announcement, Livepeer said: Called No exact dates or details were provided, but the company is working to integrate text-to-video technology into its network in the coming months as part of its AI Video Initiative.

“Today, OpenAI revealed its research progress on the Sora-generated video AI model with an impressive demonstration. This helps show the world just how powerful generative video can be, and advancements in open models are happening faster than ever.

However, generating these videos requires massive graphics processing unit (GPU) computing power and can be expensive.

As part of Livepeer’s AI Video initiative, the community is working to bring these capabilities to the Livepeer network in the coming months, creating an affordable and open access point for developers, creators, and users looking to do inspiring work with generative video. ”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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