# ChatGPT, artificial intelligence (AI)

By [Jonwu](https://paragraph.com/@jonwu) · 2024-10-31

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Following the rise of ChatGPT, artificial intelligence (AI) created a wave of excitement in the crypto market, leading to rapid investment in AI-related tokens like AGIX, GRT, and FET. Support from platforms like Tron and Near further fueled belief in AI as a lasting trend in crypto. However, many see this trend as speculative, with some projects gaining attention simply by attaching an "AI" label without concrete developments.

At ETHDenver, a major crypto event, discussions focused on DeFi, GameFi, and zk-Rollups but notably excluded AI. Jason Choi, a former investment partner, and Andre Cronje, a DeFi pioneer, argued that AI and blockchain may not be compatible, with Cronje noting that AI’s speed demands do not align with blockchain’s limitations. This skepticism has led some investors to withdraw from AI-themed projects, which have since experienced price drops.

Billionaire Mark Cuban’s view on NFT hype applies here: genuine technology endures, while inflated excitement stabilizes over time. Though AI interest is high—even among figures like Elon Musk—many crypto AI projects lack substantial backing or real utility, underscoring that the AI trend in crypto may be more speculative than transformative.

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*Originally published on [Jonwu](https://paragraph.com/@jonwu/chatgpt,-artificial-intelligence-ai)*