The AI sector market cap slid 5.3%, shedding $0.8 billion this week.
A select few managed to defy the downtrend and record impressive gains this week. Some standouts, and their catalysts, include:
While the majority of AI tokens suffered major drawdowns, a handful were hit particularly hard:
The crypto AI timeline was packed with wild stories this week.
https://twitter.com/OpenAI/status/2024193883748651102
Meanwhile, the autonomous agent space had a surreal moment when an AI bot named "Lobstar Wilde" autonomously sent funds to an X user who was begging for crypto. The reply guy then offloaded the entire bag for ~$40K.
https://twitter.com/LobstarWilde/status/2025611005380972547
On the institutional side, major mining firm Bitdeer ruffled more than a few feathers by announcing that it sold its Bitcoin holdings to fund its expansion into AI and High-Performance Computing (HPC) infrastructure.
Per its latest update, the firm currently holds zero BTC.
https://twitter.com/BitdeerOfficial/status/2025136775266550191
Here are the top stories from the past week, highlighting major acquisitions, infrastructure upgrades, and emerging security threats.
https://twitter.com/MARA/status/2024850122056581470
>> That’s a wrap! Check in next week for more AI news and developments!
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