Picture Technology AI (IMGNAI) witnessed a considerable value improve following the announcement of a accomplished seed spherical of $1.6 million.
The value of the IMGNAI token is up by 4.6% this week, in accordance with CoinGecko.
Previously yr, it reached a value peak of roughly $0.024, marking a 595% improve.
Picture Technology AI (IMGNAI) holds its personal
The factitious intelligence (AI) token, IMGNAI, completed its seed funding spherical — spearheaded by top-tier enterprise capitalists.
Within the current $1.6 million funding spherical, San Francisco-based Hack VC took the lead. Extra backing got here from Rana Capital, Selini Capital, West Ham Capital, and others.
Following the announcement of its accomplished seed spherical, its native IMGNAI token has skilled a good 4.5% improve within the final seven days.
With this infusion of recent funds, IMGNAI says it’s now approaching the upcoming launch of Naifu; a platform it describes as an all-in-one digital companion.
The IMGNAI platform claims to be shaping the way forward for generative AI, enabling the creation of artwork by simple textual content instructions.
In accordance with data on the crew’s website, Naifu will bear coaching on a various array of datasets, aligning with the strategy seen in mainstream AI merchandise, together with OpenAI’s ChatGPT.
As per CoinGecko’s knowledge, IMGNAI is at the moment buying and selling at $0.02408, representing a ten.2% improve within the final 24 hours.
CFTC sounds alarm on AI-driven cryptocurrency scams
On Jan. 25, the U.S. Commodity Futures Buying and selling Fee (CFTC) issued an announcement regarding fraudulent schemes exploiting the rising curiosity in AI to defraud cryptocurrency buyers.
The regulatory physique has pursued authorized actions in opposition to quite a few defendants who deceived prospects by selling commodity swimming pools, crypto belongings, or funding applications with deceptive assurances of constant, above-average returns by AI.
Opposite to the pledged automated revenue turbines, prospects skilled vital monetary setbacks, with cases resulting in the disappearance of considerable funds, together with practically 30,000 Bitcoin (BTC) valued at roughly $1.7 billion on the time. The regulator’s cautionary assertion continues:
These scams are touting extravagant returns and a 100% success price by AI-generated algorithms.
The CFTC underscores the truth that AI expertise can’t predict future adjustments within the crypto or monetary markets, and any assertions suggesting in any other case ought to be met with skepticism.
This warning serves as an important reminder for buyers to stay vigilant, particularly when confronted with seemingly too-good-to-be-true funding alternatives leveraging AI.
The CFTC urges buyers to train warning and thorough due diligence in navigating the evolving crypto panorama.