Two artificial intelligence (AI)-focused altcoins are on the rise as AI research firm OpenAI rolls out its new text-to-video project.
In a new thread, tech giant OpenAI announces the launch of Sora, a new model that can generate detailed high-definition videos from text prompts.
“Meet Sora, our text-to-video model. Sora can create videos of up to 60 seconds with highly detailed scenes, complex camera movements and multiple characters with vivid emotions.”
According to the OpenAI website, Sora can do that too to generate still images videos.
News of the launch caused two AI-related digital assets – decentralized video streaming network Livepeer (LPT) and blockchain-based AI services marketplace SingularityNET (AGIX) – to skyrocket.
LPT went from the February 15 low of $7.96 to a price of $14.64 just a day later, a staggering 83.9% increase, while AGIX went from the February 15 low of $0.318 to a high of $0.418, a gain of 31.4%, during the same time frame.
Both crypto assets have since been recovered and are trading at $14.32 and $0.384 respectively at the time of writing.
In an accompanying announcement, Livepeer say it aims to incorporate text-to-video technology into its network within the coming months as part of its AI Video initiative, although no exact date or details have been given.
“Today OpenAI unveiled research progress on Sora’s generative video AI model, with some impressive demonstrations. This helps show the world how powerful generative video can be, and progress in open models is happening faster than ever.
But generating these videos requires enormous GPU (graphics processing unit) computing power and can be expensive.
As part of Livepeer’s AI Video initiative, the community is working to bring these capabilities to the Livepeer network in the coming months, creating affordable and open entry points for developers, makers, and users who want to do inspiring things with generative video. ”
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Generated image: Midjourney