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AI sector jumps 17.1% to $22.3B as key tokens surge and new tech launches excite investors

Market News
11 May 2026
CoinMarketCap
Bullish
pluang ai news

The AI sector surged 17.1% week-over-week, reaching a six-month high market cap of $22.3 billion, driven by strong gains in major tokens like Venice Token (+83.9%) and Internet Computer (+50.1%). Key developments include Bittensor's TAO token launching on Solana via Wormhole's Sunrise bridge and DFINITY previewing ICP Cloud Engines, boosting investor confidence. The sector's momentum reflects growing interest in confidential AI and agentic infrastructure, with social buzz around partnerships and new integrations like Coinbase enabling AI agents to pay for services using USDC. This rally signals renewed trader enthusiasm for altcoins and AI-focused projects, suggesting continued growth potential.

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