Picture Technology AI (IMGNAI) witnessed a considerable value enhance 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 line with CoinGecko.
Up to now 12 months, it reached a value peak of roughly $0.024, marking a 595% enhance.
Picture Technology AI (IMGNAI) holds its personal
The synthetic intelligence (AI) token, IMGNAI, accomplished 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% enhance 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 means of easy textual content instructions.
In keeping with info on the staff’s web site, Naifu will endure 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 information, IMGNAI is presently buying and selling at $0.02408, representing a ten.2% enhance 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 a press release regarding fraudulent schemes exploiting the rising curiosity in AI to defraud cryptocurrency traders.
The regulatory physique has pursued authorized actions towards quite a few defendants who deceived clients by selling commodity swimming pools, crypto property, or funding packages with deceptive assurances of constant, above-average returns by means of AI.
Opposite to the pledged automated revenue turbines, clients skilled important monetary setbacks, with situations 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 charge by means of AI-generated algorithms.
The CFTC underscores the truth that AI know-how can not predict future modifications within the crypto or monetary markets, and any assertions suggesting in any other case must be met with skepticism.
This warning serves as a vital reminder for traders to stay vigilant, particularly when confronted with seemingly too-good-to-be-true funding alternatives leveraging AI.
The CFTC urges traders to train warning and thorough due diligence in navigating the evolving crypto panorama.