A convergence of artificial intelligence (AI) and cryptocurrency technology could potentially provide a $20 trillion boost to the global economy, as predicted by Bitwise, a leading asset management firm.
According to Juan Leon, Bitwise’s senior analyst specializing in crypto research, the fusion of AI and cryptocurrency is poised to have a much larger impact than anticipated. The intense competition for dominance in AI worldwide has led to an unprecedented demand for data centers, causing industry giants to reach full capacity and even pre-lease facilities that are still in the construction phase.
Leon highlights that Bitcoin miners could benefit from this surge in data demand. He explains that Bitcoin miners, responsible for securing the bitcoin blockchain, possess the necessary resources such as powerful chips, cutting-edge cooling systems, and essential infrastructure that are highly sought after by AI companies.
Furthermore, Leon suggests that there is potential for the integration of cryptocurrency and AI in the realm of virtual assistants. Given the current limitations of virtual assistants like Apple’s Siri in completing complex tasks, Leon proposes the integration of AI assistants with blockchains and digital currencies like bitcoin or stablecoins to enhance productivity.
The collaboration between AI and crypto is expected to revolutionize innovation and interaction with the world, creating new opportunities for both sectors. The complete Bitwise report can be accessed here.
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