Next AI Gem POWERED by Google?! (PaLM AI)

Palm AI is a Google-powered, multi-platform AI application system designed to bridge cutting-edge AI technologies with the specific needs of Web3. It aims to provide useful tools for crypto users, leveraging existing powerful AI models instead of trying to reinvent them, which is a smart move given the massive competition and capital in the AI space. The project has already developed several live products, demonstrated a strong revenue model, and boasts an active, paying user base that is crucial for its future growth and AI model training.

Here's a closer look at Palm AI and its offerings:

• The Exploding AI Market and Its Relevance to Crypto:

  • AI is currently the hottest topic in blockchain, driven by the phenomenal speed of its growth.
  • OpenAI, for example, was valued at an astounding $80 billion this year, growing threefold in just 10 months and surpassing the market cap of Solana.
  • Elon Musk recently raised $6 billion for XAI, valued at $18 billion, highlighting the ease with which billions are being raised in the AI sector compared to the crypto market.
  • This immense capital flow and high valuations in AI suggest that many crypto projects integrating AI, especially those with relatively small valuations, have significant pressure and potential for massive growth. Palm AI, with a valuation of under $60 million, is seen as one of these "gems."

• Palm AI's Vision and Strategic Approach:

  • Palm AI is a Google-powered multi-platform AI application system, meaning it builds on top of Google's powerful AI technology rather than trying to develop its own from scratch. This is considered a great strategic choice, as out-competing giants like OpenAI or Elon Musk in fundamental AI research is nearly impossible.
  • Its core goal is to bridge existing, powerful AI capabilities with real-world use cases within the Web3 (crypto) space, where there's significant demand and money.

• Key Products and Features:

  • AI Chatbot: This feature is already live and accessible on Telegram and WhatsApp, with an update for WeChat coming soon. Users can easily interact with the bot through text or voice commands, asking crypto-specific questions (e.g., "Who created Ethereum?"). The presenter highlights the power of having a crypto-specific AI that can collect data on user interests, providing better information and valuable insights for training future AI models.
  • NFT Issuance and Image Generation: Within the same bot, users can generate images directly from text prompts and then instantly mint them as NFTs. This is extremely useful for creating things like AI memes, digital art galleries, or other visual content for the Web3 space. This feature is made possible through a partnership with Scale, demonstrating Palm AI's collaborative approach to growth. The presenter feels that having Web3-native AI applications is crucial for adaptation, especially with the specific goals and orientations of crypto users.
  • AI Aggregation with 0x Protocol: Palm AI has partnered with 0x Protocol to enable AI-powered token swaps that find the best prices across multiple decentralized exchanges (DEXs). Instead of just using one exchange like Uniswap, the system intelligently routes swaps to get the optimal rate. This is currently in its first version, indicating future expansions of this utility.

• Strong Revenue Model and Valuable User Base:

  • Palm AI has already generated over $500,000 in revenue, which is quite fast considering its recent launch.
  • The presenter emphasizes that the significance isn't just the half-million-dollar sum, but the fact that it demonstrates a large, active, and willing-to-pay user base.
  • This user base is considered "priceless" because it provides constant user data. This data is invaluable for improving their AI models, accelerating development, and making the AI more intelligent and specifically tailored to the Web3 community's needs, even while building on Google's core AI.

• Ecosystem Growth and Transparency:

  • Palm AI is actively building its ecosystem by providing grants to new projects it incubates, showing an aggressive commitment to Web3 development.
  • They maintain strong communication and transparency with their community through frequent (almost weekly) "X Spaces" (formerly Twitter Spaces). This direct engagement allows them to gather feedback and build products specifically for their community.
  • The project is also exploring advanced concepts like AI on blockchain oracles, which involves feeding direct data from the blockchain to AI for processing and integration into various projects, seen as a powerful recipe for success.

• Growth Potential and Valuation:

  • Currently, Palm AI's valuation is a little less than $60 million, which is considered very low compared to the multi-billion-dollar valuations of major AI companies like OpenAI ($80 billion) and XAI ($18 billion).
  • The presenter strongly believes that Palm AI is in a "prime position" for rapid and massive growth once the broader AI narrative truly takes off again within the crypto space, given its working product, direct NFT deployment, and consistent communication with the community.