фото показано с : invezz.com

Microsoft Corp remains committed to further expanding its footprint in artificial intelligence even though its stock has already gained more than 50% on the back of its investments in Gen AI.

On Wednesday, the tech behemoth unveiled a custom artificial intelligence chip it’s calling the Maia 100 that will likely compete with the ever-so famous GPUs of Nvidia Corp. Timeline for that chip’s launch, however, remains unknown.

The multinational also did not compare the performance of the Maia 100 and the Nvidia H100 at its Ignite conference in Seattle where it announced the AI chip. According to Ben Bajarin – the Chief Executive of Creative Strategies, though:

This is not something that’s displacing Nvidia … Microsoft has a very different kind of core opportunity here because they’re making a lot of money per user for the services.

Nonetheless, what’s important is that Microsoft continues to invest rather aggressively into artificial intelligence not just in terms of software but hardware as well which speaks volumes to the kind of future opportunity the Nasdaq-listed firm sees in AI.

And that opportunity will likely be meaningful for the recently launched projects like Memeinator as well.

What’s the first thing that comes to mind when you think of meme coins? It’s either rapid growth and outsized profits or “scams”.

Memeinator is an up-and-coming blockchain-based project that taps on artificial intelligence to scan the internet for what it calls the “weak” coins that it can demolish to dominate the market at large.

So, on one hand, MMTR gives you exposure to AI and on the other, you get exposure to a coin that essentially aims at clearing the good name of the meme space.

Note that meme coins as a market were worth about $20 billion at the end of last year versus “nothing at all” before the pandemic. That’s the kind of ongoing growth you can tap on with a position in Memeinator.

Further details related to MMTR are available on its website here.

It is worth mentioning here that Memeinator took only a couple of months to raise more than $1.4 million which suggests what it has set out to accomplish is sitting well with the investment community.

In total, MMTR is committed to raising just over $1.5 million in the current pre-sale. It is currently going for $0.0133 – a rather attractive price to build an early position.

Much like its peers, once Memeinator is done with the pre-sale, it will list on prominent cryptocurrency exchanges that tends to deliver a sharp boost to demand which typically translates to a significant price increase.

According to Statista, the AI market is expected to hit about $2.0 trillion in valuation by 2030 versus about $200 billion only at writing. Investing in MMTR may also be a unique way of attempting to capitalising on that expected explosive growth.

To find out how you can invest in Memeinator in a few easy steps, visit the project website here.

Lastly, meme or not, MMTR is a cryptocurrency at its core and, therefore, stands to benefit from the ongoing rally in Bitcoin.

BTC climbed to a high of just under $38,000 in recent days on the back of optimism related to the pending approval of a Spot Bitcoin ETF for which notable names likes BlackRock and Fidelity has filed with the Securities & Exchange Commission.

Once the SEC greenlights that exchange-traded fund, the institutional demand for Bitcoin will likely explode leading to a valuation for the world’s largest cryptocurrency of over $1.0 million, as per influential investor Cathie Wood.

Other coins like Solana have already roughly tripled in about a month as well.

Click here to visit the Memeinator website for more details.

The post Memeinator price outlook after Microsoft announced AI chip appeared first on Invezz

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