tl;dr
Crypto venture capitalists have heavily invested in artificial intelligence (AI) projects, with over $213 million poured into this sector in the last quarter, marking a 340% increase year-over-year. This surge in investment indicates a strong focus on AI for the next phase of the crypto industry. Ad...
Crypto venture capitalists (VCs) have heavily invested in artificial intelligence (AI) projects, with over $213 million poured into this sector in the last quarter, marking a 340% increase year-over-year. This surge in investment indicates a strong focus on AI for the next phase of the crypto industry. Additionally, investor interest in AI has risen significantly, evidenced by a surge in community discussions and the correlation with Nvidia's stock performance. The market cap for AI tokens has also seen a 100% increase from its August low, reaching $36.7 billion, with a daily trading volume of $1.7 billion.
A recent report from Messari revealed that VCs poured over $213 million into AI-related projects last quarter. This figure marks a 340% increase year-over-year and a 2.5x jump from the Q2. According to Messari, in addition to projects focused on leveraging AI for decentralized platforms, many AI initiatives have entered various market sectors. These projects now combine AI with social networks, DeFi, and DePin, among others.
Data from Kaito shows that AI-themed discussions reached a new high in October, with mindshare surpassing 50%. This metric tracks the level of community discussions on a specific topic, and the higher the percentage, the greater the investor interest. Moreover, the rising interest in AI parallels the resurgence of Nvidia’s (NVDA) stock price to record highs.
At the time of writing, the market cap for AI tokens stands at $36.7 billion, a 100% increase from its August low. According to CoinMarketCap, the daily trading volume for AI tokens has reached $1.7 billion.
More about C3 Ai Inc
Company: C3 Ai Inc
Symbol: C3
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $3,260,937,000
Dividend Yield: None
EPS: -2.28
P/E Ratio: 2.674
ROE: -0.855
Volume: 325,433,000
Stock Price: $25.11
52-Week High: $0
52-Week Low: $0.205
More about NVIDIA Corporation
NVIDIA Corporation Summary
NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 338.51B
Current Price: $64.49
Price Change: 0.022
Percentage Change: 2.14%
Beta: 3.91
Volume: 0.55
Average Volume: 96.31M
Dividend Yield: 3%
EPS: 149.03
PE Ratio: 1.68
52-Week High: $1.224