Friday, 19 July 2024

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AI and real-world assets gain prominence in investor discussions

AI and real-world assets gain prominence in investor discussions

As nations make progress in promoting the expansion of the artificial intelligence sector, market data from Santiment indicates an uptick in conversations among investors and traders regarding the potential of real-world assets and artificial intelligence.

At the same time, discussions concerning cryptocurrency prices have waned due to market volatility and stabilization, although there is now a growing sentiment surrounding BTC reaching $40,000. According to data from Santiment, this shift in market sentiment regarding the BTC price could be seen as a positive indicator for investors.

Santiment’s data reveals a discernible pattern, indicating that the level of search interest in Bitcoin exchange-traded funds (ETFs), a significant cryptocurrency metric, has stayed relatively modest despite the rise in BTC’s price.

Screenshot showing Mid-term social trend keyword frequencies     Source: Santiment

Conversely, the search volumes for various topics, including the Consumer Price Index (CPI), PayPal stablecoin, Curve drama, bull market, and bear market, show notably lower levels of engagement in comparison to discussions regarding AI and real-world assets. This data highlights the increasing importance of AI and real-world assets as emerging focal points in the worldwide financial arena.

In addition to the continued excitement about AI and real-world assets, AI-driven cryptocurrency tokens are experiencing a substantial price surge.

Related:AI chatbots are illegally ripping off copyrighted news, says media group

Moreover, the involvement of major global tech companies like Google, Microsoft, and Anthropic in AI investments, coupled with their efforts to promote AI growth and development, has prompted investors to reconsider their investment choices. As businesses worldwide increasingly pivot toward AI and real-world assets, the surge in conversations related to AI seems to have overshadowed the cryptocurrency price landscape.

The term “AI,” has also been declared the word of the year for 2023 by Collins Dictionary, a long-standing publisher of English-language dictionaries. Collins noted that AI has witnessed substantial progress and widespread discussions in 2023, earning the reputation of the “next significant technological revolution.”

Building upon prior efforts, United States President Joe Biden issued an executive order on Oct. 30 establishing new standards for artificial intelligence (AI) safety and security. President Biden’s directive…

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