Web3 AI Daily Review (2024/7/27)

1. Market Analysis

In the past 24 hours, the Web3 AI sector rose by 1.97%, while Bitcoin increased by 1.74%.

2. Project Tracking

1. Leading Stocks Performance

Today, the top ten leading stocks in the industry mainly showed an upward trend, with TRAC rising by 19.89% and NMR by 9.37%. WLD is joining Superchain, a network composed of multiple Layer 2 blockchains that share security, communication layers, and open-source technology stacks. By joining Superchain, World Chain will be able to interact with other chains (such as Base, Mode, OP Mainnet, and Zora), providing broader ecosystem support for users and developers. Recently, IQ announced a partnership with NexaFusion, a company focused on blockchain technology and decentralized application development, with the main goal of promoting knowledge dissemination and knowledge on-chain through technological integration.

2. Hot Stocks

Today's hot stocks are Zignaly, Bittensor, and Internet Computer, with the leading gains being PaLM AI, NEURALAI, and RSS3. Among them, PaLM AI saw an increase of 21.3%. Palm AI is a multi-platform AI application system supported by Google, connecting AI technology with Web3 needs. With the support of $PALM, their innovative and user-centric ecosystem provides a wealth of useful web3 tools for crypto users, such as AI chatbots, NFT issuance, and token swaps in collaboration with the 0x Protocol.

3. Smart Money Trends

In the past 24 hours, the projects with the most inflow of smart money are PRIME, AIM, WLD, FET, and RNDR; the most outflow of smart money is from LNQ, SPEC, CVP, ORAI, and AIUS.

The top ten projects in this issue's smart money holdings list are SAGE, SHOG, HashAI, ENQAI, wTAO, AIUS, DEAI, NEURAL, basedAI, and QF.

3. Industry News

1. AI Industry

l Alphabet doubles down on autonomous driving: $5 billion investment in Waymo to seize the opportunity

Alphabet announced an additional $5 billion investment in its autonomous driving company Waymo, which will be a multi-year plan aimed at consolidating Waymo's position as a leader in autonomous driving technology.

This substantial investment will support Waymo in continuing to develop its autonomous driving software, expanding services to new markets, and further enhancing its technical strength and brand influence. Currently, Waymo offers commercial fully autonomous taxi services in San Francisco, Phoenix, and Los Angeles, providing over 50,000 paid rides per week.

This investment is also seen as Alphabet's response to competitors like Tesla. Although Tesla has not disclosed details of its autonomous taxi plans, Waymo's move will undoubtedly strengthen its leading position in this field.

l SK Hynix invests $6.8 billion to build AI chip manufacturing base

SK Hynix announced it will invest 9.4 trillion won (approximately $6.8 billion) to build a new semiconductor manufacturing plant in the Yongin semiconductor cluster in South Korea. This plant is the first of four planned wafer fabs in the cluster, expected to start construction in March 2025 and be completed by May 2027.

The Yongin semiconductor cluster is a large chip manufacturing complex planned by the South Korean government, covering 4.2 million square meters, and will eventually house four chip factories producing next-generation semiconductors and over 50 local chip companies. As one of the world's top three memory chip manufacturers, SK Hynix has successfully seized AI development opportunities through its collaboration with Nvidia, with its second-quarter profits reaching a six-year high.

The company also plans to invest about $3.87 billion in Indiana, USA, to establish advanced packaging facilities and AI product R&D facilities. These initiatives will further consolidate SK Hynix's position in the global semiconductor market, especially in the rapidly growing AI chip sector.

2. Web3 AI

l Network3 node count surpasses 250k, AI and DePIN integration leads new trends

According to the latest data from DePINscan, the global node count of the AI Layer2 project Network3 has surpassed 250,000, setting a new milestone, with these nodes widely distributed across 184 countries and regions, including Europe, North America, and Southeast Asia.

Network3 has also achieved significant results in financing. The project has completed $5.5 million in pre-seed and seed round financing, attracting participation from well-known investment institutions such as Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. This funding will be used to expand the team and further develop the technology stack.

In addition, Network3 is building a decentralized edge AI infrastructure and plans to release physical mining machines in the coming months.

l Chainbase, a full-chain data network, secures $15 million in Series A funding, led by Tencent

With the development of blockchain technology, the on-chain data volume has exploded, making data processing and cross-chain interoperability significant challenges in the crypto space. The data fragmentation between chains has made the development of applications such as AI, wallets, and on-chain infrastructure more complex, leading to a growing market demand for convenient access to full-chain data.

In this context, the blockchain data network Chainbase announced the completion of $15 million in Series A funding. This round was co-led by Tencent Investment Group and Matrix Partners China, with participation from Folius Ventures, Hash Global, JSquare, Mask Network, and Bodl Ventures.

Notably, this is Tencent's first investment in the crypto space in nearly a year.