AI Tokens Rally As Cathie Wood’s ArkInvest Lauds OpenSource Models Over ChatGPT

15.12.2023

The artificial intelligence (AI) tokens are witnessing a surge, with tokens like INJ, ICP, and RNDR gaining momentum on December 14. Meanwhile, this rally follows Cathie Wood’s ArkInvest lauding open-source AI models like Mixtral over established models such as OpenAI’s ChatGPT.

Notably, the comparison comes as ArkInvest’s updated chart showcases the performance of these models, emphasizing the remarkable progress made by open-source contenders.

Cathie Wood’s ArkInvest Praises Opensource AI

Cathie Wood’s ARK Invest recently shared insights into the evolving landscape of AI models, with a focus on open-source versus closed systems. Notably, the research presents a chart highlighting the absolute log error of performance on Massive Multitask Language Understanding (MMLU) benchmarking.

Meanwhile, the data suggests that open-source models, including Mixtral, are making notable strides, even outperforming OpenAI’s ChatGPT models with fewer parameters. Cathie Wood, sharing the post and chart, expressed enthusiasm about the performance of open-source large language models (LLMs), acknowledging the tech race’s significance.

While centralized giants like Google’s Gemini and OpenAI’s ChatGPT-4 currently dominate the AI landscape, the research points towards a potential shift. In addition, the data implies that open-source AI models could surpass centralized counterparts by 2024, marking a significant turning point in the AI race.

The emphasis on open-source AI aligns with the broader push for democratizing access to generative AI. However, amid this latest update, the AI tokens also witnessed a significant rally, suggesting that the investors are shifting their focus towards the segment.

Opensource Vs. Private Models, Source: ArkInvest

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AI Token Rallies

The AI & Big Data tokens noted a surge of 15.58% in its market cap over the last 24 hours to $18.78 billion, while its trading volume soared 11.82% to $1.70 billion. The notable increase indicates that the market participants are putting their bets in the segment.

So, let’s quickly look at the top-performing AI crypto tokens of today.

Top AI Tokens For Today Are

Injective (INJ) Rallies 27%

The Injective price was up 27.37% and traded at $31.15, reflecting the bullish sentiment witnessed in the broader crypto market. Meanwhile, with its recent gains, it also marked a place in the top percentage movers of today.

The trading volume of the crypto soared 37% to $433.82 million. Notably, the INJ crypto has also touched its yearly high of $32.10 in the last 24 hours.

Injective (INJ) Crypto Chart

Internet Computer (ICP) Surges 13%

The Internet Computer crypto was another leading AI token, that has gained significant attention with its recent price jump. As of writing, the Internet Computer price was up 13.09% and traded at $6.38, while its trading volume rose 36.17% to $149.78 million. Meanwhile, the crypto has touched a high of $6.43 and a low of $5.63 in the last 24 hours.

Internet Computer (ICP) Chart

Render (RNDR) Jumps 21%

The Render crypto was another top movers in the digital asset space on Thursday. The Render price increased by 20.61% to trade at $4.75 during writing, while its trading volume advanced 14.45% to $251.71 million.

Notably, the Render crypto also touched its yearly high of $4.80 over the last 24 hours, suggesting the growing confidence of the investors towards the segment.