Investors Shift Focus to AI and Real-World Assets
According to market data from Santiment, there has been a rise in conversations among investors and traders about the potential of real-world assets and artificial intelligence (AI). While discussions about cryptocurrency prices have decreased due to a sideways market performance, there is growing sentiment regarding Bitcoin (BTC) reaching $40,000. Santiment suggests that this shift in market sentiment could be a positive indicator for investors.
Search Interest in Bitcoin ETFs Remains Modest
Santiment’s data also shows that search interest in Bitcoin exchange-traded funds (ETFs) has remained relatively low despite the increase in BTC’s price. On the other hand, topics such as the Consumer Price Index (CPI), the PayPal USD stablecoin, Curve Finance drama, and bull and bear markets have seen lower levels of engagement compared to discussions about AI and real-world assets. This highlights the growing importance of AI and real-world assets in the global financial arena.
Rise of AI-Driven Cryptocurrency Tokens
In addition to the interest in AI and real-world assets, AI-driven cryptocurrency tokens are experiencing a significant price surge. Major tech companies like Google, Microsoft, and Anthropic are investing in AI and promoting its growth and development. This has led investors to reconsider their investment choices as businesses worldwide pivot towards AI and real-world assets.
AI Named Word of the Year
The term “AI” has been declared the word of the year for 2023 by Collins dictionary. It reflects the substantial progress and widespread discussions surrounding AI, earning its reputation as the next significant technological revolution.
Biden Establishes New Standards for AI Safety and Security
United States President Joe Biden issued an executive order on October 30, setting new standards for AI safety and security. The order incorporates AI safety pledges from 15 industry leaders and focuses on addressing the ethical implementation of AI in government, citizen privacy measures, and consumer data protection.
Hot Take: AI and Real-World Assets Take Center Stage
The rise in conversations about artificial intelligence and real-world assets among investors reflects a shift in focus from cryptocurrency prices. As businesses worldwide embrace AI and major tech companies invest heavily in its development, the financial landscape is evolving. This shift highlights the increasing importance of AI and real-world assets in shaping the future of finance. With AI being declared the word of the year, it is clear that this technology is gaining momentum and recognition globally. As governments establish new standards for AI safety and security, it paves the way for further advancements in this transformative field.
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