The cryptocurrency market witnessed an unexpected rally this week, led by cryptocurrencies focusing on artificial intelligence (AI).<br /><br />Artificial Intelligence (AI) Projects Like OCEAN and RNDR Increased<br />This rise was led by the AI industry's leading players: Injective (INJ) up 56%, Render (RNDR) up 30%, Fetch AI (FET) up 64.4%, and Ocean Protocol's OCEAN up a staggering 32.1%. showed.<br /><br />This increase represents the second major rise in the AI crypto world this year, with the first occurring in January 2023.<br /><br />The driving force behind this rise is no secret. Just a few days ago, Google made headlines with a significant $2 billion investment in Anthropic, an artificial intelligence startup.<br /><br />This move reflected Amazon's significant $4 billion investment in the same company.<br /><br />Earlier this year, Microsoft set the stage by investing $10 billion in OpenAI, maker of ChatGPT, sparking the first surge in the AI crypto industry.<br /><br />According to CoinMarketCap, the total market cap of AI and big data-related tokens currently stands at an impressive $6.27 billion.<br /><br />Speculations continue as to whether this figure represents the peak or whether it is a potential that has not yet been realized.
