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Chip designer Nvidia is off to a strong start in 2024, posting gains of 27% and upping its market cap by $320B, an increase equivalent to one-fifth of the size of the total crypto market! What crypto play has given investors exposure to AI upside?
Bittensor (TAO) has been a top performer among AI tokens, up 47% on the week and 80% from its 2024 low.
Traditional AI models created by private companies, like OpenAI and Google, are built using centralized computing resources. In this paradigm, work is disconnected and non-collaborative, and as closed-source models are unable to share work with each other, competition becomes zero-sum, favoring winner-take-all outcomes.
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