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🤖 AI News (May 6, 2024): 1️⃣ The Verge: #Adobe has unveiled an experimental #AI model called VideoGigaGAN, capable of enhancing the sharpness and detail of videos by eight times without typical artifacts such as flickering or distortion. 🎥 2️⃣ Microsoft: #Microsoft will invest $2.2 billion over the next few years in new infrastructure for cloud computing and artificial intelligence in Malaysia. 💻 3️⃣ Elliptic: Analytical company #Elliptic announced success in using AI to detect money laundering through Bitcoin. 💰 4️⃣ Paul Trillo: Screenwriter and director Paul Trillo created the first official music video using the video generator based on OpenAI's #Sora text. With Sora, the director generated 700 different videos, from which he selected 55. Trillo then edited them together in Adobe Premiere. 🎬 5️⃣ TechXplore: Concordia University graduate student Alaa Nfissi developed an AI model capable of recognizing emotions in the speech of people calling hotlines to prevent deaths. 🗣️ 👍 Got questions? Share them below!

🤖 AI News (May 6, 2024):

1️⃣ The Verge: #Adobe has unveiled an experimental #AI model called VideoGigaGAN, capable of enhancing the sharpness and detail of videos by eight times without typical artifacts such as flickering or distortion. 🎥

2️⃣ Microsoft: #Microsoft will invest $2.2 billion over the next few years in new infrastructure for cloud computing and artificial intelligence in Malaysia. 💻

3️⃣ Elliptic: Analytical company #Elliptic announced success in using AI to detect money laundering through Bitcoin. 💰

4️⃣ Paul Trillo: Screenwriter and director Paul Trillo created the first official music video using the video generator based on OpenAI's #Sora text. With Sora, the director generated 700 different videos, from which he selected 55. Trillo then edited them together in Adobe Premiere. 🎬

5️⃣ TechXplore: Concordia University graduate student Alaa Nfissi developed an AI model capable of recognizing emotions in the speech of people calling hotlines to prevent deaths. 🗣️

👍 Got questions? Share them below!

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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📈 Prediction (XRP and MATIC): 🐳 XRP/USDT - After several weeks of inactivity, whales seem to be interested in Ripple again. According to data from the analytical platform Santiment, over the past 7 days, addresses with balances from 1 million to 10 million #XRP have acquired over 90 million tokens worth about $48 million, bringing the total supply to 3.7 billion coins. The actions of large investors typically have a significant impact on the asset's price dynamics, so the increased interest in #Ripple can be interpreted as a bullish signal. Forecast: The price of XRP bounced off the $0.51 support. This level also serves as a breakout point from the symmetrical triangle in which the asset has been consolidating for almost three weeks. This bullish pattern suggests a potential rally to the $0.65 mark. However, for this altcoin to succeed, it will need to overcome resistance at $0.57 and $0.62 levels and confirm them as support. In the event that the bounce from $0.51 proves to be false, the price of Ripple may fall to $0.47. Losing this support will invalidate the bullish forecast and send the asset towards $0.42. 🚀 MATIC/USDT - The price of #MATIC has failed for the fourth time in the last three weeks to break the resistance at $0.74. Most likely, the altcoin may initiate another decline, especially given the strong resistance mentioned above. This could lead to MATIC's consolidation in the coming days and a price drop to the support level of $0.64. However, if the bearish sentiment intensifies, #Polygon may break this support and reach a low of $0.60. On the other hand, if the tide turns bullish, the price of MATIC may break out of consolidation and attempt to turn the $0.80 level into support. This would also make the 1.05 billion MATIC offering profitable. As a result, the bearish scenario will be refuted, and the price may continue to rise. 👍 Please, share.
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📈 Prediction (SOL and ADA): 😀 SOL/USDT - Over the past few days, #Solana has once again gained the support of institutional investors, which was lost earlier this year. According to a recent CoinShares report, the inflow of funds into SOL-based investment products for the week exceeded $4 million. For comparison, the total inflow since the beginning of 2024 has been only $10 million. Forecast: At the time of writing, the altcoin is trading at $155, which coincides with the neckline of the "double bottom" pattern. Typically, the formation of this pattern on the chart indicates a potential transition from a downtrend to an uptrend. Based on the figure, the likely target for #SOL is at $187. However, if the breakout fails, Solana may test support at $138. Its loss would lead to a decline to $126, nullifying the bullish scenario. 📊 ADA/USDT - On-chain metric MVRV evaluates the ratio of an asset's market value to its realized value, providing insight into investor profit or loss. The 30-day MVRV for #Cardano stands at -10.24%, indicating losses and potentially encouraging accumulation. Historically, #ADA recovery occurs within the MVRV range of -7% to -17%, which is considered a favorable accumulation zone. Forecast: Following a rebound from support at $0.428, Cardano's price was slightly below resistance at $0.468 at the time of writing. To sustain the rally, the barrier at $0.518 must turn into support. This will help the price break out of a three-week consolidation and continue to rise to $0.600, implying a 25% rally. On the other hand, if the breakout fails, the price is likely to continue consolidating. However, if support at $0.420 is lost, the bullish scenario would prove unsustainable, potentially causing ADA to fall to $0.400. 💪 Share this overview with others!
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