Convergence Of AI And Crypto According to Bitwise’s analyst, the AI boom led by companies like Nvidia has propelled the market cap of the world’s leading AI chip producer above $3 trillion, making it the second-largest public company globally. However, Leon contends that this boom has created "an unprecedented shortage” of data centers, AI chips, and electricity access as the race for AI supremacy intensifies. AI companies are turning to Bitcoin miners, who possess the necessary resources—powerful chips, top cooling systems, and supporting infrastructure—to process and store vast amounts of data to address this issue. Related Reading: Cardano (ADA) Headed For Reversal? Analyst Eyes $0.50 As Turning Point The report further highlights recent developments, such as CoreWeave’s offer to acquire Core Scientific and their subsequent partnership, exemplify the growing collaboration between miners and AI providers.
One such area is information validation, where the accessibility, transparency, and immutability of public blockchains can counter potential AI abuses. Startups like Attestiv leverage blockchain technology to create digital fingerprints for videos, enabling verification of their authenticity and combating the prevalence of “deep fakes.” This application can extend to validating research, government communications, and more, offering essential checks and balances on AI-generated content.The Perfect Pair? Another promising intersection, according to Bitwise, lies in the realm of virtual assistants.
While AI-powered assistants like Siri and Alexa introduced in Apple devices have become "increasingly versatile,” Leon contends that their capabilities can be further enhanced by integrating them with smart contracts and cryptocurrencies like Bitcoin or stablecoins. The analyst points out that this potential integration would enable secure and efficient execution of complex tasks, boosting productivity and expanding the potential of AI-driven virtual assistants.
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