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AI Tokens Surge as OpenAI Plans to Introduce Google Search Competitor

A potential Worldcoin rally could take place if the Monday announcement has the same effect on the token as the Sora release in February.


AI tokens got a nudge on Friday as ChatGPT’s parent firm, OpenAI, announced it would release a feature that could potentially match Google Search toe-to-toe on May 13. Cryptocurrencies like (FET), Render (RNDR), and Worldcoin (WLD) grew by 6%, 11.8%, and 7%, respectively.

The upcoming web search feature from OpenAI, seamlessly integrated with ChatGPT, promises a unique user experience. It will not only provide detailed answers with web citations but also display task-specific images and specifications for related queries.

OpenAI announced a partnership with tech firm Microsoft last year, which might be a catalyst for this innovation. Edge, a Microsoft search product, has failed to give Google any real competition since its release in 2015.

A Potential Worldcoin Rally?

Worldcoin (WLD), a token founded by OpenAI’s Sam Altman, has been a major beneficiary of the firm’s new releases. In February, the token surged over 200% when OpenAI released Sora, a text-to-video-generating AI.

WLD moved from $2.8 to as high as $7.37 in five days before continuing a push to a new all-time high of $10.46 on March 9. If the release has the same effect on the coin, WLD might push towards a new high in the coming days. WLD was trading at $5.78 at press time, up over 6% in the past 24 hours.

Red-Hot AI Sector

The AI sector has seen a notable surge, with RNDR leading the furry. The token has grown by over 45% in the past week and is trading at $11.4 at press time.

The AI coin market cap has grown over 10% in the past 24 hours to $27.8 billion. The sector also has a 24-hour trading volume of $1.7 billion.

Elendu Benedict

Elendu Benedict is a professional writer with sheer competence in crypto-related journalism. With a background in Engineering, Benedict specialises on news related to ETFs, market analysis, and macroeconomic policies that affects the crypto market.