OpenAI Launches Second Cohort, AI Startup Investment Rises as INJ Coins Skyrocket

By: Eva Baxter

Initiating its second round of startup funding, OpenAI, the organization behind ChatGPT, has announced the launching of Converge 2, a six-week initiative aimed at supporting artificial intelligence (AI) startups. As a part of the investment, $1 million will be committed to each of the selected 15 startups. This bolstering initiative comes amidst a global uptick in AI investments, with 2023 witnessing a substantial uptick in funding for AI startups.

On the cryptocurrency front, Injective (INJ), an AI-based digital currency, has shown an impressive growth of over 70% in a week, hitting an all-time high of $31.35. As one of the primary altcoins, INJ has displayed a positive momentum, outperforming leading cryptocurrency Bitcoin. The rise in value is partly attributed to the new waves created by advancements in AI, specifically the launch of ChatGPT-4. The on-chain monitoring platform, Santiment, also discloses that the accumulations of nearly $2.18 billion, held by the top three INJ wallets, account for about 80% of the total supply of INJ coins.

Blockchain technology platform, Injective, stands out as a significant player in the cryptocurrency industry, with an aim to provide advanced services and solutions to enhance the financial sector.