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Microsoft Corp (NASDAQ: MSFT) made a new high this morning after putting a price tag on Copilot – a “Generative AI” assistant for Microsoft 365.
Copilot could boost Microsoft’s revenue
For an additional $30 a month, customers will now get to benefit from artificial intelligence across a bunch of tools, including Excel, Teams, and Word.
It’s grounded in your business data in the Microsoft Graph – that’s all your emails, calendar, chats, documents, and more.
Copilot is currently being tested with 600 enterprise customers, including General Motors. Timeline for a public rollout is yet to be revealed.
Also on Tuesday, Microsoft added “visual search” capability to its AI-powered Bing Chat. Citing its continued focus on artificial intelligence, Bank of America analyst Brad Sills raised his price objective today on the tech behemoth to $405 – up another 13% from here.
The seal of approval from giants like Microsoft speaks volumes to the future of AI – and continued growth in this subsector of technology will likely help the up-and-coming platforms like AltSignals as well.
AltSignals is an AI-powered trading signal service
AltSignals, at its core, is a trading signal service that’s committed to helping you make better decisions as an investor.
It’s innovative trading algorithm called “AltAlgo” has managed to build a community comprising nearly 55,000 traders on Telegram – of which, more than 1,400 are VIP members.
But AltSignals now plans on launching a new flagship service it’s calling ActualizeAI. As the name suggests, the upcoming trading tool aims at integrating artificial intelligence to further enhance the accuracy of signals and, consequently, maximise profits for investors.
Most importantly, ActualizeAI will be powered by $ASI – a native token of its own that is currently in pre-sale.
AltSignals’ native $ASI token has raised $1.2 million
AltSignals wants to eventually become a fully decentralised platform and let its community have a bigger role in making decisions and planning for its future direction.
Owning the $ASI token is how you get to exercise the aforementioned right. On top of that, the native token can appreciate in price as well based on supply and demand which makes it more like an investment.
Good news is that the Stage 2 of its pre-sale has so far raised close to $1.2 million which already signals strong demand.
The $ASI token currently stands at $0.018 and is projected to be worth $0.022 by the end of the ongoing pre-sale, following which, it will go live on notable crypto exchanges that typically tends to further boost the price of a crypto token.
$ASI could benefit from crypto and AI tailwinds
Note that AltSignals is a platform that merges crypto and artificial intelligence into one. Theoretically, therefore, it can benefit from the respective tailwinds related to both.
Artificial intelligence is estimated to be a $2.0 trillion market by 2030. Between now and the end of this decade, it’s expected to grow at a compound annual rate of over 20%. So, firstly, that’s a wave that could benefit AltSignals.
Secondly, things seem to be going in the right direction for the crypto market this year. For instance, a U.S. Judge recently ruled in favour of Ripple and confirmed that its “XRP” token is not a security as the SEC alleged in its lawsuit.
On top of that, a number of asset managers, including BlackRock Inc, have filed for a Spot Bitcoin ETF. If such an exchange-traded fund that signals institutional interest in cryptocurrencies wins regulatory approval, it could unlock further upside in the crypto market, as per many experts.
Lastly, inflation continues to decelerate. It stood at 3.0% in June (read more) – a reading that created more room for the Federal Reserve to consider reevaluating its previous broadcast of two more hikes this year.
Once the central bank turns more lenient in terms of its monetary policy, investors may turn more aggressively to the risk-on trades which include cryptocurrencies.
All of this together, could be a meaningful benefit for the $ASI token. For further details on the pre-sale of the native token, visit the AltSignals website here.
The post AltSignals ($ASI) outlook as Microsoft prices its new AI subscription appeared first on Invezz.
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