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Microsoft has played a significant role in shaping the aspects of using computers; it is termed to be one of the biggest Windows designing firms. However, OpenAI has stirred the entire artificial intelligence sector following the launch of its ChatGPT.
Microsoft and OpenAI are working closely on a data center project plan estimated to cost roughly $100 Billion. On March 29, 2024, it broke into the media that both firms were developing a Stargate supercomputer.
The yet-to-be-developed supercomputer is expected to be launched in 2028. The flourishing demand for generative AI has solely backed the adoption of Artificial Intelligence.
As people familiar with the matter know, the surge in demand for AI has given birth to the storage problem, so the ‘Stargate’ launch might solve the storage issue. Compared to the other available options, OpenAI’s ChatGPT is one of the most used Artificial Intelligence platforms.
Microsoft is believed to fund the project’s development, as the company has a market capitalization of $3.131 trillion. The company is also rewarded with the position of the most enormous company in terms of market capitalization.
The yet-to-be-launched ‘Stargate’ is expected to become the most giant supercomputer in the series. Microsoft is constantly progressing and developing a smaller and fourth-phase supercomputer for the OpenAI.
In an emailed statement to Reuters, a Microsoft spokesperson said, “We are always planning for the next generation of infrastructure innovations needed to continue pushing the frontier of AI capability.”
Artificial Intelligence Market Overview
According to Statista’s data, the market capitalization of the global artificial market was worth $200 billion in 2023. The market cap is expected to reach $1.8 Trillion by the end of 2030.
Out of all the AI markets, the market size in the United States is $106.50 Billion in 2024. OpenAI is leading the market with 39% of market share. Notably, the AI market is constantly flourishing, which gave birth to speculation that AI will make a human-free world.
The usage of AI is growing in the cryptocurrency market; several companies have already launched their AI-powered systems that automate many crypto-related processes.
As per primary claims, Artificial Intelligence can detect and prevent fraudulent activities and enhance the ecosystem’s security in cryptocurrencies.
Crypto Market Price Update
After continuous growth over the past few weeks, cryptocurrency market capitalization fell over 1.2%. Bitcoin (BTC), the crypto market leader, added 1.39% to its trading price after slipping 3% intraday.
Flare (FLR) Added 28.29% to its trading price in the past 24 hours, which makes it the topper of the list. Bitget Token (BGB), Bittensor (TAO), Near Protocol (NEAR), Internet Computer (ICP), and Jupiter (JUP) flourished significantly.
Although the weekly gainer’s list is led by Core (CORE), as its price grew more than 240%, Bitget Token (BGB) by 40.22%, and Ethena (ENA) by 30.20%.
Disclaimer
The views and opinions stated by the author or any other person in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
