BlackRock and Microsoft Inject $30B Into AI, Sparking a Surge in AI-Related Cryptocurrencies

This partnership, set to mobilize up to $100 billion, aims to accelerate advancements in deep learning and large-scale data processing.

BlackRock and Microsoft recently joined forces to allocate an impressive $30 billion to the burgeoning AI sector. This partnership, capable of mobilizing up to $100 billion, is designed to propel advancements in deep learning and large-scale data processing.

In response, AI-related cryptocurrencies are already experiencing a surge, promising to be just the beginning.

While numerous projects are indirectly benefiting from this investment, those ventures directly linked to BlackRock and Microsoft are garnering the attention of the "smart money."

One such project is ONDO, an on-chain financial platform spearheaded by BlackRock executives. Since April, BlackRock’s BUIDL fund has been channeling millions into ONDO, which is then used to acquire altcoins in the AI space.

Several AI coins are surging thanks to this massive investment. Here's a closer look at some standout performers:

1. Render Network ($RNDR) token is priced at $6.11 with a $2.3B market cap. Render is a decentralized network for renting idle GPU power for tasks like 3D rendering and machine learning. It is often dubbed the “Nvidia of crypto.”

2. Fetch.AI ($FET) token is now part of the ASI Alliance and is priced at $1.70 with a $4.2B market cap. The alliance, formed from a merger with $OCEAN and $AGIX, aims to create a decentralized AI giant to rival Google and OpenAI.

3. Bittensor ($TAO) token is priced at $579.36 with a $4.2B market cap and connects machine learning models in a decentralized network.

4. Paali ($PAAL) token is priced at $0.2822 with a $241M market cap and offers a blockchain-based AI chatbot ecosystem for automating crypto-related tasks.

Other promising AI tokens include $GRT (The Graph), $AKT (Akash Network), $IO (IONet), and $ORAI (Oraichain), each presenting unique decentralized solutions.

The rally in these AI coins is set to continue as we witness a major shift in the sector.