Vectorspace AI provides correlation matrix datasets to help researchers accelerate data-driven innovation and discoveries using patent-protected natural language processing and understanding (NLP/NLU). Founded in 2020, the company shot into the limelight during the COVID-19 pandemic when it released a thematic basket of stocks correlated to COVID-19, resulting in significant gains.
Vectorspace AI is a subsidiary of Vector Space Biosciences and provides datasets for machine learning and artificial intelligence applications. It includes datasets and associated products that facilitate the construction of systems capable of identifying apparent and concealed relationships within data.
The company’s datasets allow the creation of clusters of entities that possess both evident and concealed connections to external events, worldwide trends, or news. These clusters can represent networks of suppliers, companies developing analogous drugs, or any entity with a symbiotic, parasitic, or sympathetic latent association with another entity, event, or global tendency.
VXV is the native cryptocurrency of the Vectorspace AI platform and has a total supply of 50 million tokens. It provides security, governance, data lineage, and provenance for its datasets.
Vectorspace AI generates datasets using language modeling and scientific data engineering processes, focusing on context-controlled Natural Language Processing/Understanding (NLP/NLU) and feature engineering. The platform’s algorithms can generate datasets that power AI/NL systems across multiple industries - from healthcare and financial services to space and deep tech.
This enables researchers and data scientists to accelerate their data-driven innovation and discoveries by quickly testing hypotheses and running experiments with higher throughput. The company also generates data on thematic investment in the traditional stock market, helping investors spot investment opportunities by analyzing macroeconomic patterns.
Vectorspace AI also supports thematic investing, a concept that has the potential to revolutionize crypto and traditional financial markets. The company’s datasets can generate thematic baskets of traditional market equities.
The company has created language models from scratch and developed scientific data engineering pipelines encompassing data visualization, interpretation, and human-in-the-loop curation. Vectorspace AI’s team has been collaborating with partners for over two decades. It aims to advance scientific research and generate new hypotheses and novel discoveries rapidly with the help of AI and ML technologies.
The history of Vectorspace AI can be traced back to 1997 when NASA commissioned Bissell Lab at Lawrence Berkeley National Laboratory to write a report on safeguarding the human body during a planned mission to Mars. The founding team worked on this initiative and was granted several patents.
They founded the company Vectorspace AI in 2017. In 2020, the company received significant attention when it released a thematic basket of stocks correlated to the COVID-19 pandemic, helping investors realize substantial gains.
In 2021, the company established Vector Space Biosciences and formed an award-winning Scientific Advisory Board (SAB). In 2022, it published its work in partnership with the Imperial College of London (ICL) in a report titled ‘From Markets to Molecules.’
The report examined a technique to find hidden connections between stocks and shares and applied them to discovering and mapping connections between proteins. Leveraging AI and natural language understanding, the technique was used in academic literature to reveal a map showcasing the evolution of observed correlation between two proteins over time.
In August 2022, the company announced the development of a computational solutions platform focused on protecting and repairing the human body during spaceflight.
Period | Change | Change (%) |
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Today | $0.0047 | 1.81% |
7 Days | $0.0138 | 5.52% |
30 Days | $0.0135 | 5.40% |
3 Months | $-0.1211 | -31.45% |
Vectorspace AI crypto could be an interesting addition to your portfolio if you want to diversify into digital assets with mainstream potential or leverage emerging technologies like artificial intelligence. Powered by AI and ML and has been around for several years, Vectorspace AI is one of the more established AI-based projects in the crypto market.
The Vectorspace AI price could increase as more investors turn their attention to the sectors mentioned above in the industry. The rollout of more innovative applications for the company’s datasets could boost the VXV price statistics in the market.
The price of Vectorspace AI token could also head higher amid a positive mood in the crypto market. A risk-on sentiment among global investors encourages buying activity in the market, supporting the VXV price.
While providing an accurate VXV price prediction based on its historical performance is unattainable, several crucial factors may impact the price movement of the Vectorspace AI token, including:
The VXV token's adoption and usage can also affect its price. If the token is used in a wide range of applications and has a high level of adoption, it may attract more investors and drive up the Vectorspace AI price.
Vectorspace AI’s partnerships, developments, and announcements may impact the token price, such as the launch of new products, services, or solutions. Such actions boost investor interest in its native token, supporting the VXV to USD price in the market.
The performance of the overall cryptocurrency market and investor sentiment towards the industry may also affect the token price. A bullish sentiment triggers buying, driving an uptrend in the price of VXV. However, Vectorspace AI crypto’s value could decline amid investors’ bearish or risk-averse mood.
VXV is the utility token of the Vectorspace AI ecosystem. It has the following functions:
$VXV is used to pay for subscriptions to access Vectorspace AI's services. The platform users also have the option to pay for these subscriptions with USD, ETH, or BTC.
VXV crypto also serves as an API key for the distribution of datasets. The token's wallet address is used to access and distribute datasets on the Vectorspace AI platform. It can also provide security, governance, data lineage, and provenance for its datasets.
Trade Vectorspace AI token against other assets to capitalize on shifting market dynamics. You can buy or sell VXV against various cryptocurrencies on the KuCoin Spot Market or maintain a long-term holding if you have confidence in the project’s prospects. Note that the cryptocurrency market is highly volatile, so DYOR should be considered before making investment decisions.
Vectorspace AI counts several organizations among its partners and collaborators. Some of the company’s partnerships include Oracle, Nvidia, UCL, Imperial College of London, Morningstar, and the European Molecular Biology Laboratory. In addition, the company has previously partnered on initiatives with CERN, Elastic, Trustology, and LCX.
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