The AI sector is having one of its strongest weeks in months, surging 5.2% week-over-week to break above a $19 billion market capitalization.
Bittensor remained a dominant topic this week, with the "Bitcoin of AI" thesis gaining fresh ammunition from Q1 revenue figures (~$43M from real AI usage) and continued institutional inflows.
The decentralized AI model training network known as Gensyn also launched its long-awaited token this week. The debut was rough, however, with on-chain trackers showing every public funding round participant currently sitting at a loss. Many opted to sell into the launch anyway, with social sentiment currently overwhelmingly negative.
On the macro AI side, Nansen turned heads with a forecast that billions of autonomous AI agents will become the default vehicle for crypto investing by 2028.
AI News Roundup
Below is your weekly roundup of the most significant developments in the crypto AI space.
https://x.com/CoinbaseMarkets/status/2049154156590506463
https://x.com/BioProtocol/status/2049489321170989283
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