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Elon Musk's AI Company Debuts ChatGPT Rival 'Grok;' XRP Rallies 10%

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including Elon Musk’s new AI company, xAI revealing a new AI bot to rival ChatGPT. There are new developments in crypto exchange FTX's bankruptcy saga. And, a closer look at what is driving XRP's price 10% higher in the last 24-hours as bitcoin (BTC) holds firm above $35,000 on Monday.

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ChatGPT Launch Likely Ignited AI Rally, Accompanying Tech Will Be Transformational Across Industries: Morgan Stanley

A new Morgan Stanley (MS) report notes that artificial intelligence (AI) and the accompanying technology will be one of the most important secular investment themes over the next 10 years. “In the absence of knowing the date of the peak of the current AI bull-run, we assume the generative-AI fuelled market rally to have started with the launch of ChatGPT and so measure the current rally from December,” analysts wrote.

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Hype Over AI-Related Tokens Appears to be Wearing Off: Kaiko

Kaiko data reveals that AI-related cryptocurrency tokens, including Fetch.ai and Singularity Net, recently saw their lowest trading volumes since January, following a buzzy launch of ChatGPT that stimulated investor interest earlier this year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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AI-Related Crypto Tokens Jump as Elon Musk Unveils New ChatGPT Competitor

AI-related crypto tokens posted gains after Tesla CEO Elon Musk announced a new company focused on artificial intelligence called xAI, as an alternative to ChatGPT. SingularityNET rose 11% over the past 24 hours and Fetch.ai also climbed roughly 7% during the same time period, according to CoinGecko. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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Blockchain Developer Platform Alchemy Releases AI-Powered Tools for Web3 Builders

Blockchain developer platform Alchemy introduced AlchemyAI, which aims at leveraging AI to help web3 developers speed up the development of their products and gain quicker access to on-chain data. AlchemyAI will launch two new products – an in-app chatbot and a ChatGPT plugin. Alchemy Developer Experience Lead Elan Halpern joins "First Mover" to discuss the release and the role of AI in blockchain developments.

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OpenAI CEO Testifies Before Congress on AI Oversight

Sam Altman, the co-founder of ChatGPT developer OpenAI, testified before Congress on artificial intelligence (AI) innovation and its risks. "The Hash" panel discusses the key takeaways from the hearing and the implications for the future of AI.

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Sam Altman’s Crypto Project, Worldcoin, Unveils First Major Consumer Product

Worldcoin, the crypto project from Sam Altman, the co-founder of ChatGPT developer Open AI, has launched a native crypto wallet built on the Ethereum sidechain Polygon called "WorldApp." "The Hash" panel discusses the latest in the world of crypto and AI, potentially bringing blockchain awareness to the mainstream.

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Foresight Institute CEO on Use Cases of AI

The meteoric rise in public engagement with ChatGPT over the last few months brings questions about how artificial intelligence will play a role in our daily lives. Foresight Institute CEO Allison Duettmann discusses potential use cases of AI and the ethical implications around the technology.

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Coinbase CEO Says Pausing ChatGPT Progress Is a 'Bad Idea'

Coinbase CEO Brian Armstrong tweeted in part on Thursday that a temporary halt to developments in ChatGPT would be a "bad idea." Armstrong went on to write, "Don’t ever let fear stop progress, and be wary of anyone trying to capture control in some central authority." "The Hash" panel weighs in on the debate swirling around the potential ethical dilemmas of artificial intelligence.

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SingularityDAO CEO on AI and Crypto

Artificial intelligence is gaining traction, but is it Web3's biggest growth area? As part of CoinDesk's BUIDL Week, SingularityDAO CEO Marcello Mari joins "First Mover" to discuss the relationship between crypto and AI. Plus, his take on the ChatGPT movement.

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