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Artificial intelligence could take just five years to be “fairly competitive” with humans, says Jensen Huang. He’s the Chief Executive of Nvidia Corp.

Huang made that comment at the New York Times’ yearly DealBook Summit.

Earlier in November, the semiconductor behemoth said its revenue more than tripled in the third financial quarter which reiterated that the demand for its AI products is keeping incredibly strong.

On the other hand, Huang agreed that true artificial general intelligence that “everybody is working on” could still take years to realise – suggesting the focus on Gen AI is not going anywhere anytime soon.

Note that both Microsoft and Amazon also announced their artificial intelligence chips to expand their footprint and capitalise on the ongoing growth in the new technology which further bolsters the narrative that tech behemoths see big future for AI.

And remember that artificial intelligence is supposed to be a big enough total addressable market to accommodate not just the big names but the newer projects as well like Shiba Memu.

Shiba Memu is a recently launched artificial intelligence platform that’s powered by a native meme coin – the “SHMU”.

But before you get iffy about investing in a “meme coin” due to the risks, volatility, and even scams that have historically been a part of this market – let’s bring your focus back to the fact that Shiba Memu is means of gaining exposure to AI.

At its core, it’s a marketing platform. But what distinguishes it from the peers is how it uses artificial intelligence to create and promote content on the internet all by itself. It’s this self-sufficiency that makes it just as efficient as one hundred marketing agencies put together, as per the White Paper on its website.

And not that meme coin by itself is not worth investing. It’s a market that didn’t even exist before the start of the pandemic but by the end of last year, it had already commanded a valuation of over $20 billion.

For more details on Shiba Memu, visit its website here.

SHMU is currently worth $0.044 only in the ongoing pre-sale – but what’s uniquely interesting about Shiba Memu is that its price goes up once per day. The next price bump, for example, is expected in about two hours.

Shiba Memu took only months to raise a whopping $4.6 million that paints a rosy picture of its demand. So, you can check square one off the list of things you should look for before making an investment.

Remember that the SHMU is yet to list on a crypto exchange. That’s important because it’s what typically tends to meaningfully boost inflows that translate to price appreciation.

Shiba Memu is also slated to soon launch an AI dashboard that many believe could help lift its price further. Click here to find more about the SHMU.

Lastly, Shiba Memu, being essentially a cryptocurrency, could benefit from the many tailwinds that are expected to hit the market starting from next year.

For example, the total supply of Bitcoin is slated to halve early in the second quarter of 2024. Historically, it has delivered a significant boost to the price of the world’s largest cryptocurrency.

Similarly, Geoff Kendrick – a Standard Chartered analyst recently told clients that Ethereum could be worth $8,000 in about three years from now. He even expects it to hit $35,000 eventually.

Now the interesting thing about these leaders of the crypto market is that they tend to drag their peers in the same direction in which they move. So, if Bitcoin and Ethereum do indeed rally over the coming years – perhaps partly due to the eventual approval of their respective ETFs, it’s conceivable that the other players in this space, including Shiba Memu will gain strength too.

Put that together with a tenfold growth that Statista is projecting for artificial intelligence between now and the end of this decade – and you have an investment thesis that starts to look attractive enough to consider.

You can explore ways to invest in Shiba Memu (SHMU) at its website here.

The post Is Shiba Memu a buy after Nvidia CEO’s remarks at DealBook Summit? appeared first on Invezz

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