Two artificial intelligence (AI)-focused altcoins are on the rise as AI research firm OpenAI launches its new text-to-video project.
In a new topic, technology giant OpenAI announces Launching Sora, a new model that can create detailed, high-definition videos based on text prompts.
“Introducing Sora, our text-to-video template. Sora can create videos up to 60 seconds long featuring highly detailed scenes, complex camera movement, and multiple characters with lifelike emotions.
According to the OpenAI website, Sora can also create videos from still images.
News of the launch led to a significant rally in two AI-related digital assets – decentralized video streaming network Livepeer (LPT) and blockchain-based marketplace for AI services SingularityNET (AGIX).
LPT went from a February 15 low of $7.96 to a price of $14.64 just one day later, a staggering 83.9% rise, while AGIX went from a February 15 low of $0.318 to a peak of $0.418, up of 31.4%, during the same time frame.
Both crypto assets have since corrected and are trading at $14.32 and $0.384 at the time of writing, respectively.
And in an accompanying ad, Livepeer He says It is pushing to integrate text-to-video technology into its network over the next few months as part of its AI Video Initiative, though no specific date or details have been provided.
“Today, OpenAI revealed the progress of its research on its generative video AI model Sora, with some impressive demos. This helps show the world just how powerful generative video is, and that progress in open models is moving faster than ever before.”
But creating these videos requires massive GPU 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 access points for developers, creators, and users looking to do inspiring things with creative video.
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