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Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model

Two crypto assets related to AI are experiencing a surge as OpenAI introduces its new text-to-video AI model, Sora. Sora has the capability to generate high-definition videos based on text prompts, featuring detailed scenes, complex camera motion, and vibrant emotions. Additionally, Sora can also create videos from still images. Following the announcement, the prices of Livepeer (LPT) and SingularityNET (AGIX) skyrocketed. However, both assets have since retraced and are currently trading at $14.32 and $0.384, respectively. Livepeer aims to incorporate text-to-video technology into its network in the next few months as a part of its AI Video initiative. This endeavor seeks to make generative video more accessible and affordable to developers, creators, and users.