Global software firm Meta has produced major advancements in artificial intelligence (AI) that have attracted real attention in the tech community. AI models that are generative are at the forefront of this transformation.

Recently, Meta announced the eagerly awaited launch of Llama 2, an improved version of their free, open-source large language model (LLM). With promises of improved capabilities, this new AI offering has raised questions about its potential impact on cryptocurrencies.

Meta’s Llama 2, the latest iteration of their language model, builds upon its predecessor, incorporating valuable feedback and fine-tuning from researchers and users.

The upgraded LLM boasts extensive training on 40% more publicly available online data sources and a remarkable ability to process double the contextual information compared to its predecessor.

Acknowledging its advancements, Meta claims that Llama 2 outperforms many competitor open-source large language models in various aspects, such as coding proficiency, reasoning abilities, and performance on knowledge tests.

However, Meta also admits that it lags behind closed-source competitors like OpenAI’s GPT-4 in terms of efficiency.

But what does this signify for the world of cryptocurrencies? Historical reports indicate that AI integration has resulted in surges for various digital coins.

Ripple’s XRP, for example, experienced a 10% increase after a strategic investment from Futureverse, an AI and metaverse firm. Futureverse focuses on enhancing the music, characters, animations, and objects within metaverse platforms, leveraging AI content generation tools.

The positive implications of AI for both the crypto and metaverse industries have become evident.

Interestingly, another significant development contributing to the rise of AI-related crypto tokens emerged with the announcement of xAI, a new AI company founded by Tesla and SpaceX CEO Elon Musk. xAI is set to challenge the popularity of ChatGPT. Following the announcement, AI-related tokens such as AGIX and FET experienced modest yet notable gains.

AGIX from SingularityNET rose by over 6%, while Fetch.ai (FET) climbed by approximately 3%. Musk’s xAI seeks to unravel the true nature of the universe through cutting-edge AI research and development.

Meanwhile, AI models like Meta’s Llama 2 and projects like xAI could pave the way for exciting advancements in AI technology and cryptocurrencies. The merging of AI and digital assets holds boundless potential for transformative innovations in the coming years.

The potential for AI crypto technologies to fundamentally alter the way we transact, manage assets, and make investment decisions makes them the next big thing. With this technology, both individuals and businesses may use cryptocurrencies more quickly, safely, and effectively.

Featured image from Verdict

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