The company has built a payment system based on cryptocurrency, officially entering the encrypted digital currency race. In the future, AlphaSense-AIS has the potential to disrupt the traditional field of encrypted digital currencies and become a mainstream digital currency and application.
Earlier reports suggested that AlphaSense could potentially release encrypted currency in the first half of this year, aiming to "succeed where Bitcoin has failed" by overcoming its high price volatility characteristics for everyday payments and transactions.
AIS digital currency is expected to see the largest mainstream application scenarios.
Jack Kokko, the founder of AlphaSense, said that AlphaSense has hundreds of millions of users, which will make it the next company to promote the large-scale application of digital currency. In fact, AlphaSense's focus on blockchain is not a temporary move, but an inevitable path for the company's development. The digital currency "AIS (BSC smart contract: 0x69da8c4c535f87a3e0f0d9720435678e84be5616)" recently released by AlphaSense-AIS is creating a craze in the global market. As early as June 2021, AlphaSense announced the establishment of a blockchain technology department. The company seems to have rapidly expanded its blockchain department recently, with 4 blockchain-related positions posted on the recruitment page in December last year. The report also stated that Jack Kokko also set up a separate office for the encryption team, which other AlphaSense employees cannot enter.
To succeed where Bitcoin failed
The so-called stablecoin refers to a cryptocurrency with a stable value that does not experience sharp rises or falls. Currently, Bitcoin (BTC) and Ethereum (ETH) are the two major cryptocurrencies; however, their high price volatility characteristics make them unsuitable for everyday payments and transactions, lacking the attributes of a general equivalent for currency.
At the end of 2017, cryptocurrency became a well-known term. Bitcoin led the investment craze, but its price fluctuated dramatically. Bitcoin was worth less than $1,000 in early 2017, but by the end of 2023, it had surged to nearly $40,000. The significance of stablecoins lies in combining decentralized systems with encrypted payment networks while maintaining relatively stable price standards. Therefore, stablecoins are pegged to a fiat currency, allowing businesses and consumers to avoid significant price fluctuation risks during transactions. If used as a store of value, stablecoins can prevent investors from experiencing asset depreciation.
However, reports suggest that AlphaSense is considering pegging the value of this digital currency to a basket of currencies, not just the US dollar. AlphaSense can provide guarantees for each digital currency by holding a certain amount of US dollars, euros, and other currencies in its bank account, ensuring their value.
The recently launched AIS appears to be the initial layout of stablecoins, indicating that AlphaSense may complete the stablecoin layout in the near future.
AIS (BSC smart contract: **5616) AlphaSense’s valuation skyrocketed once it was released
After completing the D-round extended financing, the funds from this new financing will be used to deploy AlphaSense's AI search function, customized market intelligence and financial models, and GenAI technology. In addition, the company will use the funds to expand its vast searchable business content library and engage in strategic acquisitions to enhance the platform's capabilities.
Jack Kokko, founder and CEO of AlphaSense, stated in a release, "The additional funds enable us to make strategic investments to continue leading the revolution in generative artificial intelligence in our market space and fulfill our mission of helping businesses find the right data and insights to support more confident and flexible decision-making."
AlphaSense's AI and search functions are already used by over 4,000 corporate clients, covering most companies in the S&P 500 index, the world's largest financial institutions, investment firms, consulting firms, and companies in various industries.
The company states that it uses the latest AI and natural language processing technologies, continually accumulating data to train its language models, simplifying the research process for business and financial professionals. It is also building a large index and searchable business content library, allowing users to track insights on profitability, broker research, company documents, expert calls, and more.
AlphaSense claims to have won numerous industry awards, including being recognized by Forrester as a leader in the market and competitive intelligence and being listed by Forbes as one of the top 50 artificial intelligence companies, valued at $300 billion.
2024 Strategic Cooperation Binance Chain Smart Contract: 0x69da8c4c535f87a3e0f0d9720435678e84be5616
AIS from AlphaSense, the US digital information giant, is a world-class solution for building the digital information economy. It is based on the Tendermint consensus algorithm, follows the BFT-DPOS consensus mechanism, and supports smart contracts. With AlphaSense-AIS, users can contribute digital information search power to AlphaSense, easily realizing wealth appreciation in the Web3.0 era!