Why are Crypto AI tokens pumping?

Hello and welcome back to the Daily Defiant. I’m Jack, and today shifting our gaze over to Artificial Intelligence. Specifically, ChatGPT which has taken the world by storm this year. The cryptosphere is certainly no exception, and Crypto AI tokens have been pumping since news broke that Microsoft might invest a further $10 billion into OpenAI.

So let’s dive in and figure out how exactly OpenAI’s chatGPT is colliding with cryptocurrencies, and what this could mean for DeFi?