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“We’re very early on” in the mega cycle related to artificial intelligence, says Ankur Crawford. She’s a portfolio manager at Alger.

Crawford is convinced that it’s entirely premature to be having the debate of potential deflation in AI chips at the moment.

The B100, for example – the next-gen Nvidia chip that is slated to launch in the back half of 2024 – will “likely be priced at a 50% increase to the H100”, she said on CNBC’s “Squawk on the Street” on Thursday.

A day earlier, Gene Munster of Deepwater Asset Management also forecast a 2x growth in Nasdaq over the next two-to-three years on the back AI as Invezz reported here. He even dubbed artificial intelligence almost as big a paradigm shift as electricity.

What such estimates suggest is that the top for artificial intelligence is not in sight just yet. But a continued rapid growth in AI is unlikely to be an exclusive benefit for the larger players. Up-and-coming platforms like AltSignals may get to capitalise on it as well.

AltSignals is a notable name in financial technology that’s behind a state-of-the-art trading algorithm known broadly as the AltAlgo.

Since 2017, AltAlgo has helped traders in a range of financial markets, including stocks, forex, and cryptocurrencies – maximise returns with its signals that boast a remarkable accuracy of 64% on average.

But now, AltSignals has come out with a new product called Actualize AI. As the name suggests, the platform has integrated artificial intelligence capabilities into its trading algorithm to roll out this new product with an even better over 80% accuracy.

What’s even more exciting about this project is that it’s powered by a native $ASI token that unlocks exclusive benefits for its holders while acting as an investment in itself. You can find out more about AltSignals and its $ASI token on this website.

Why would you so much as consider investing in the $ASI coin? Well, for multiple reasons. To begin with, it’s a cryptocurrency that has AI winds on its tail.

So, putting your money into AltSignals offers you exposure to two of the fastest growing markets out there. Statista expect the crypto market to grow at a compound annualised rate of close to 9.0% in the coming years while AI is seen growing at a whopping 16% (approximately).

Secondly, the native $ASI token raised $1.8 million in pre-sale that signals solid demand which typically is viewed as a feature of a good investment.

Note that AltSignals has recently listed on Uniswap – and yet its native coin is currently going for pennies only. So, it’s not like you’ll have to break the bank to take a position in $ASI either. Click here to explore ways to invest in the $ASI token.

Note that the native token of AltSignals, as mentioned earlier, is basically a cryptocurrency. So, the broader crypto tailwinds may be a material benefit for it as well – and God knows there’s a bunch of them expected to pan out this year.

The U.S. SEC, for example, has already approved the Spot Bitcoin ETFs and the institutional capital flowing into the world’s largest cryptocurrency has pushed its price well above $50,000. Still, many believe the institutions are only getting started with investing in BTC.

Then, of course, there’s the halving event scheduled for April or May of 2024 which historically has served as catalyst for Bitcoin and by extension for the crypto space at large.

Lastly, the U.S. Federal Reserve is expected to start cutting interest rates from June. That may also boost interest for risk-on interest including cryptocurrencies like AltSignals ($ASI). You can dive deeper into AltSignals and its native token on its website here.

The post Should you invest in AltSignals as ‘we’re very early on’ in AI mega cycle? appeared first on Invezz

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