OpenAI’s Launch of Sora Causes Stir Among AI Tokens

OpenAI, the parent company of ChatGPT, has just announced the launch of its latest artificial intelligence product called Sora. This tool has the capability to transform textual language into hyper-realistic short videos with surprising speed and quality.

Introducing Sora, our text-to-video model.

Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. https://t.co/7j2JN27M3W

Prompt: “Beautiful, snowy… pic.twitter.com/ruTEWn87vf

— OpenAI (@OpenAI) February 15, 2024

Sora immediately became a topic of discussion across various social media platforms and technology forums. Some view the AI tool as a significant breakthrough in the field of artificial intelligence, while others express concerns about the potential negative consequences, such as generating misleading or hostile information.

AI token immediately benefits from the announcement by OpenAI

Simultaneously, AI tokens experienced a resurgence. Many tokens in the sector saw significant gains over the past 24 hours, with Fetch.ai and SingularityNET being prominent examples.

The market capitalization of the AI token sector increased by 5.2% compared to the previous 24 hours, according to CoinGecko.

AGIX, the token of SingularityNET, surged by over 11% during the day and is currently trading at $0.52. FET of Fetch.ai witnessed one of the strongest surges, rising by up to 20% within the same reference period.

At the same time, Worldcoin has also garnered attention from enthusiasts. Worldcoin offers a user identification solution through retina scanning, distinguishing between real people and AI-generated entities. The project is developed by Tools of Humanity, a company co-founded by OpenAI CEO Sam Altman.

Related: Worldcoin (WLD) Price Continuously Breaking ATH, Creditors Benefiting

The market capitalization of AI tokens currently stands at $15 billion. Overall, other tokens in the sector recorded gains ranging from 5-10% compared to the previous 24 hours.