Key Points

  • Microsoft has announced a partnership with Aptos labs for AI solutions, driving Aptos tokens’ prices high.
  • Microsoft has been pushing its limits to stay competitive amid the rise of AI among tech companies like Meta and OpenAI.

Aptos Labs, started by former Facebook employees, has partnered with Microsoft to develop AI solutions. Within minutes of announcing the deal, the Aptos token surged about 15% to around $7.70.

Aptos Labs to be Microsoft’s partner in new AI adventure

In this arrangement, Aptos Labs will leverage Microsofts infrastructure to deploy new AI solutions encompassing blockchain technology. One of the solutions that Aptos Labs is eyeing is an AI chatbot called Aptos Assistant, which will be able to answer any question regarding the Aptos ecosystem and provide resources for developers who want to build on the network.

 In the press release, Aptos Labs indicated that it was also integrating Move, its native programming language, onto GitHub’s copilot service. This AI programming tool will support developers in their building efforts. 

Regarding the arrangement, Microsoft’s General Manager of AI and emerging technologies said they aim to democratize blockchain technology to enable users to board onto Web 3 seamlessly.

“By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain enabling users to seamlessly onboard to Web3 and innovators to develop new exciting decentralized applications using AI.”

Microsoft has been pushing its limits in developing AI tools, mostly via partnerships with other companies. It recently struck a partnership deal with OpenAI to incorporate the widely known ChatGPT AI Bot into its search engine, Bing. The deal was done to keep the company in touch with emerging companies before it releases its AI products.

Now, it has struck a deal with Aptos Labs to push its presence in both the AI and blockchain industries, hoping that it would help to onboard even more users to emerging technologies as the hype for both blockchain and AI industries keep growing.

Keep watching Fintech Express for more updates on this and other fintech-related developments.