Market Metrics

Total Crypto Market Cap: $2.475T - down 7.8%
Total AI Sector Market Cap: $22.47B - down 15.8%

Top Movers (24hrs):

📈 Quadency (QUAD): up 17.6% to $0.0107
📈 Cindicator (CIND): up 12.3% to $0.000828
📈 Arbius (AIUS): up 7.6% to $43.11

Highlights of the Day

🤖 Grok Goes Open Source And Gets Deployed On Akash
The AI chatbot Grok, developed by Elon Musk’s company xAI, was made open source yesterday. This allows anyone to access the chatbot’s code and build on it without paying a licensing fee. Within 24 hours, the Akash community deployed Grok on the Akash decentralised cloud, highlighting the power of open-source and permissionless protocols. Akash is currently the only decentralised cloud that has the capacity to run a large language model AI chatbot like Grok, making this particularly significant.
➡️ This move shows how quickly new AI technology can be shared and used thanks to open-source projects and decentralized systems like Akash. It's a big deal because it proves that you don't need to rely on big, centralized companies to access powerful AI tools, making it easier and cheaper for more people to create and use AI in the future. If Elon picks up on this and mentions Akash, AKT could get some attention 👀
Related Tickers: AKT*

🎞 Partnership Shapes the Future of AI in Media and Entertainment
A groundbreaking partnership has been formed between Render Network, OTOY, Stability AI, and Endeavor, aiming to revolutionize the media and entertainment industry through artificial intelligence. This collaboration is set to standardize intellectual property (IP) rights, streamline workflows, and enhance the infrastructure for AI technologies in areas such as 3D, visual effects (VFX), and media production. Leveraging Render Network's decentralized GPU network, this alliance seeks to make AI training and generative AI technology more affordable and accessible, significantly impacting media production workflows.
➡️ This partnership highlights Render Network's central role in pioneering AI-driven media production, potentially increasing the utility and demand for its services and decentralized GPU network. For Render's token, this collaboration could signal growing relevance and adoption in the creative and AI sectors. Such developments usually bode well for the platform's ecosystem and its token's utility.
Related Tickers: RNDR

* = we own

In Other News

🟠 Aethir has sold over 20,000 nodes in the node sale we mentioned in yesterday’s newsletter. It is apparent that this project is getting significant traction despite being early on the roadmap.

🟠 ChainGPT deploys on Sei blockchain to be the first AI project to build on a parallelized EVM chain.

🟠 Synesis One announces more Train2Earn campaigns will be going live next week to help provide AI training data for their clients. You can earn SNS tokens by participating in these campaigns.

🟠 Spectre AI, an AI prediction bot, has been accepted into Nvidia’s startup program. This will unlock the use of Nvidia’s cutting-edge GPUs, allowing for more powerful AI prediction models to be developed.

🟠 The Akash Network token, AKT, will begin trading on Coinbase tomorrow.

Tweet of the Day

👇 Botto, a decentralised autonomous artist, has now decided to mint as its next 1/1 NFT art piece. Botto creates art based on the collective feedback from the Botto community (BottoDAO). Here are 10 candidates that are being considered

Meme of the Day

🐱 IMGAI holds a “protest” at Nvidia GTC to draw attention to their generative AI art project.

Jobs Board

🟠 Senior Machine Learning Engineer @ Coinbase ($185k)
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🟠 Director of AI Engineering @ Foundry ($150k - $220k)
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🟠 Senior ML Engineer @ Unlimit ($87k - $103k)
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