Cryptocurrency Market Trends Amid AI Competition

Amid the intensifying AI race, analysis suggests Bitcoin is unlikely to plummet to $40,000. On-chain analyst James Check explained that a drop to $40,000 would represent an extreme 0.4% segment of Bitcoin's entire historical distribution, marking a nearly unprecedented situation based on the Mean Reversion Index (MRI).

OpenAI has relaxed its exclusive contract with Microsoft, expanding its cloud market partnerships. This contract modification allows OpenAI to offer its models and services on various cloud platforms, including Amazon Web Services (AWS).

As the supply crunch for AI computing power deepens, cloud providers are allocating GPU resources primarily to internal demand and major clients. Some startups are facing high prices and long-term contract requirements due to rising GPU rental costs, with an increasing number of cases involving more expensive plans and restricted supply conditions upon contract renewal. Startups are exploring diverse strategies such as utilizing GPU sharing pools, negotiating directly with cloud providers, or building their own GPU infrastructure.

Five major US tech giants, including Microsoft and Alphabet, are scheduled to announce their earnings on April 29th and 30th. The market analyzes that these tech giants' AI investment scale is simultaneously fueling growth expectations and concerns about profitability. Their large-scale AI-related capital expenditure plans could influence cryptocurrency market volatility, which has become more closely linked with tech stocks. The crypto market, increasingly correlated with tech stocks, is likely to react sensitively to Big Tech earnings.

Meanwhile, Joby Aviation has begun test flights of its electric air taxi in New York, aiming to verify the operational performance of its eVTOL aircraft connecting city centers and airports. This flight is a stage to validate operational performance in real-world environments and is proceeding as part of the US Federal Aviation Administration's (FAA) Integrated Pilot Program.

Reports indicate that the likelihood of Apple releasing a foldable iPad is diminishing, with the product reportedly remaining in internal testing phases or being deprioritized in the next product roadmap.