Web3 AI Daily Review (2024/7/23)

1. Market Analysis

In the past 24 hours, the Web3 AI sector has dropped by 4.88%, while Bitcoin has decreased by 2.06%.

2. Project Tracking

1. Performance of Leading Stocks

Today, the top ten leading stocks in the industry generally fell, but TRAC stood out with a rise of +19.89%, far exceeding the second place NMR's 0.27%, while the other leading stocks were all declining. TRAC is committed to establishing a robust interconnectable verifiable data foundation—helping traditional barcodes transition to digital link QR codes. The combination of OriginTrail DKG and Digital Link QR codes allows users to access richer, more comprehensive, and more reliable product data, while the integration of AI can make this user experience seamless and simple. GLM announced its latest AI/GPU roadmap, which is an API that provides direct access to GPU and CPU resources on the Golem network, aimed at giving AI application creators greater flexibility to meet various computing needs.

2. Hot Stocks

Today's hot stocks are Solidus Ai Tech, Qubic, RNDR, with TARS Protocol, Architex, and NEURALAI leading the gains. Among them, TARS Protocol has risen by 23.9%. TARS is an AI infrastructure capable of training AI models, monetizing data, and providing access to powerful GPUs. Recently, TARS has been noteworthy for undertaking one of the largest buyback plans, intending to repurchase $10 million worth of $TAI over the next 27 days.

3. Smart Money Movements

In the past 24 hours, the projects with the most inflow of smart money are FIGHT, MIGGLES, AZUR, BODHI, and Mog; the projects with the most outflow are GAL, ZYN, HARRIS, RARE, and wTAO.

The top ten projects in this issue's smart money holdings are MIGGLES, Mog, BANANA, RARE, SWAG, WOLF, BRETT, ANDY, BITCOIN, and Groyper.

3. Industry News

1. AI Industry

l Tesla: Significantly Increasing Investment in AI, Accelerating the Arrival of Robotaxi and Optimus Gen2

Tesla's cumulative investment in AI this year is expected to exceed $10 billion, primarily for the development of autonomous driving technology and related hardware. Musk stated that Tesla's investments in training computing, data pipelines, and video storage will significantly increase to maintain its competitiveness in the AI field. Tesla has launched the FSD (Full Self-Driving) V12 version, which uses end-to-end neural network technology, greatly reducing the amount of code, making it more flexible and efficient. Tesla plans to release Robotaxi in October 2024, which Musk stated will combine the business models of Uber and Airbnb. Tesla is developing the fifth-generation driver assistance hardware (HW5.0), which will have ten times the performance of the current HW4.0 and is expected to be launched within 18 months. Additionally, Tesla showcased Optimus Gen2 in Shanghai, a robot equipped with AI sourced from vehicles, using visual neural networks and FSD chips for high-precision operations. Optimus Gen2 has undergone extensive testing in Tesla's factories, showing excellent performance, and is planned to be brought to market by the end of 2025.

l SingularityNET Invests $53 Million to Build a Decentralized AGI Supercomputer

AI platform developer SingularityNET announced an investment of $53 million in a modular supercomputer for decentralized general artificial intelligence (AGI). It is reported that the first phase will invest $26.5 million in the supercomputer, including Ecoblox's modular data center solutions, GPUs and processors from companies like Nvidia, AMD, and Tenstorrent, as well as AI servers from ASUS and Gigabyte. The supercomputer will optimize the training of deep neural networks and large language models, driving AGI's continuous learning and self-improvement.

2. Web3 AI

l Benchmark Optimistic About Bitdeer: Raises Target Price to $16, Believes It May Become a Hot Acquisition Target in AI and HPC Fields

Brokerage Benchmark stated in a research report on Monday that Bitcoin miner (BTC) Bitdeer Technologies (BTDR) has become an attractive acquisition target. The brokerage raised Bitdeer's target price from $13 to $16 and reiterated its buy rating on the stock. The report cited a company executive's remarks that Bitdeer is in early talks with several institutions in the artificial intelligence (AI) and high-performance computing (HPC) fields, and once management completes on-site analysis, the related negotiation discussions "are expected to become more meaningful."