The market cap of AI agents has increased by 12% in the past 24 hours, reaching nearly $8 billion. The surge in market cap is a positive development considering the previous decline in the AI agent narrative, where market cap had crashed from previous highs of $10 billion. This rebound may be driven by advancements in the AI sector, such as OpenAI's move to reduce reliance on NVIDIA by designing its own AI chips. The chips will be manufactured by Taiwan Semiconductor Manufacturing Company. However, it is uncertain if older AI agent projects will reach their previous highs. The decline in the AI narrative was not due to a lack of innovation or utility, but rather a shift in market liquidity towards large-cap altcoins.



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