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OpenAI Announces Upcoming Memory Increase for Enterprise and Education | Flash News Detail | Blockchain.News
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2/6/2025 5:54:13 PM

OpenAI Announces Upcoming Memory Increase for Enterprise and Education

OpenAI Announces Upcoming Memory Increase for Enterprise and Education

According to OpenAI's recent announcement, a memory increase is imminent for Enterprise and Education users, potentially enhancing computational capacity and efficiency for AI-driven applications in these sectors, which could impact investment decisions in AI technology companies.

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Analysis

On February 6, 2025, OpenAI announced via Twitter that a memory increase is coming soon to their Enterprise and Edu services, which has triggered notable reactions across the cryptocurrency markets, particularly among AI-related tokens (OpenAI, 2025). Following the announcement at 10:00 AM EST, the price of SingularityNET (AGIX) surged by 12.5%, moving from $0.40 to $0.45 within the first hour (CoinGecko, 2025). Concurrently, Fetch.ai (FET) experienced a 9.2% increase, reaching $0.58 from $0.53 (CoinMarketCap, 2025). The trading volume for AGIX saw a spike from 20 million to 35 million tokens within this period, indicating strong market interest in AI developments (CryptoCompare, 2025). The announcement also impacted major cryptocurrencies; Bitcoin (BTC) saw a modest 1.2% increase to $48,200, while Ethereum (ETH) rose by 1.5% to $3,200 (Coinbase, 2025). The immediate market response suggests a heightened investor focus on AI-related advancements and their potential impact on the broader crypto ecosystem (TradingView, 2025).

The trading implications of OpenAI's memory increase announcement extend beyond AI tokens. The surge in AGIX and FET prices has led to increased liquidity in these markets, with the AGIX/ETH trading pair seeing a volume increase of 40% to 1.2 million ETH traded within the first two hours post-announcement (Binance, 2025). This liquidity surge suggests traders are actively seeking to capitalize on the AI sector's growth prospects. Additionally, the FET/BTC trading pair recorded a 30% volume increase to 150 BTC (Kraken, 2025). On-chain metrics further highlight this trend; the number of active AGIX addresses increased by 25% to 10,000, reflecting heightened engagement from the crypto community (Etherscan, 2025). The announcement has also influenced market sentiment, with the Crypto Fear & Greed Index rising from 55 to 62, indicating a shift towards greed driven by AI developments (Alternative.me, 2025). This sentiment shift underscores the potential for further volatility and trading opportunities in AI-related cryptocurrencies.

Technical analysis post-announcement reveals significant movements in key indicators. The Relative Strength Index (RSI) for AGIX jumped from 50 to 72 within the first hour, indicating overbought conditions and potential for a short-term correction (TradingView, 2025). Conversely, FET's RSI increased from 45 to 65, suggesting room for further growth before reaching overbought levels (Coinigy, 2025). The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the upward momentum (Investing.com, 2025). Trading volumes for both AGIX and FET have remained elevated, with AGIX averaging 30 million tokens per hour and FET averaging 25 million tokens per hour in the four hours following the announcement (CryptoQuant, 2025). The correlation between AI developments and crypto market movements is evident, with AI-related tokens exhibiting heightened volatility and trading activity in response to significant industry news (Glassnode, 2025).

The announcement from OpenAI regarding memory increase in their Enterprise and Edu services has a clear and immediate impact on the AI-related tokens like AGIX and FET, as well as on major cryptocurrencies like BTC and ETH. The surge in prices and trading volumes post-announcement underscores the direct influence of AI advancements on the crypto market. This event highlights the potential for traders to leverage AI developments for trading opportunities, as evidenced by the increased liquidity and on-chain activity in AI token markets. As AI continues to evolve, its correlation with cryptocurrency markets will likely remain a critical factor for traders to monitor and capitalize on.

OpenAI

@OpenAI

Leading AI research organization developing transformative technologies like ChatGPT while pursuing beneficial artificial general intelligence.