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Artificial intelligence (AI) has become one of the biggest growing industries this year. It is set to disrupt key sectors of the economy such as music, content, and work. As a result, many big companies have released their AI plans. 

Microsoft has invested heavily in ChatGPT and is now offering AI tools to retail and corporate clients. As my colleague wrote here, the company released the pricing of its products this week. Elon Musk has launched xAI, a company that seeks to invest in the industry.

The same is true for companies like Meta Platforms, Baidu, and IBM. Now, Apple is said to be working on its own AI tool as it seeks to compete with the pioneers of the industry like Microsoft and Google. According to Bloomberg, Apple has built its own language model and launched Apple GPT internally. 

It is unclear whether Apple’s product will disrupt existing platforms, which are in a pole position. ChatGPT is now being used by millions of people around the world. Similarly, the number of Alphabet’s Bard product is growing.

Apple has an advantage though. For one, it has a big user base globally. Its installed base has surged to over 2 billion people. Apple is also known for being more methodical in its product launches. Historically, the company is not known for being the first one to launch a product. 

Meanwhile, crypto investors are still buying AltSignals, a new cryptocurrency in the artificial intelligence space. AltSignals is a company that is seeking to disrupt the financial services industry using advanced AI models.

Unlike many other projects, AltSignals is already a profitable company with thousands of users from around the world. The current version of the platform relies on traditional technical analysis models like moving averages and MACD.

While these models work well and deliver strong returns, the developers believe that incorporating AI in the platform will deliver more returns. The new version will incorporate technologies like natural language processing (NLP), machine learning, and predictive modeling in the market. 

As a result, thousands of investors have allocated capital to the token sale. Data shows that the second stage of the sale has raised over $1.1 million from investors. The goal of this stage is to raise $2.2 million. 

The developers will then raise the price of each ASI token by 12.05% in the next stage. This means that buyers of the first and second stage will automatically see the value of their tokens jump. You can buy the AltSignals token here.

One of the top reasons for investing in AltSignals is that AI assets are doing well this year. Nvidia, which provides GPUs for the AI industry, has achieved a market cap of over $1 trillion. Microsoft’s shares have surged to a record high and analysts believe that there is more upside.

The same is happening in the crypto industry, where most AI tokens like SingularityNET and Fetch AI have jumped by more than 500% this year. Most importantly, AltSignals is in an industry that is growing rapidly. It is expected to reach over $2 trillion by 2030. Therefore, pioneers like AltSignals will be in a good place to lead this growth.

The post Apple to launch ChatGPT rival as AltSignals (ASI) demand surges appeared first on Invezz.

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