Recent reports indicate that Meta (the parent company of Facebook and Instagram) plans to downsize its artificial intelligence division, with several senior executives leaving and relying on external software within its products.
This decision has caused significant disruption in the market for digital tokens associated with artificial intelligence, as the prices of most major assets have seen a noticeable decline.
📉 How has this affected the market?
Almost all tokens associated with artificial intelligence have seen their prices drop, with the exception of only two of the top 30 performing tokens.
Concerns are growing about the impact of Meta's reduced investments on the cryptocurrency market and the Web3 sector more broadly.
Some analysts believe that this move could cause a 'bubble' in the artificial intelligence market that may start to burst, especially after statements from OpenAI about the existence of a current bubble in the market.
🧩 Additional Background:
Meta has invested more than $14 billion in artificial intelligence over the past few years.
Recently, scandals have emerged regarding the company's tolerance of sensitive content in its smart products, which may be one of the reasons for the restructuring.
📌 Summary:
Meta's unexpected step opens the door to doubts about the future of artificial intelligence and the cryptocurrencies associated with it. The markets are currently experiencing significant volatility, and investors are closely monitoring to assess the long-term impact.
