The convergence between blockchain technology and artificial intelligence is intense, such as major industry figures such as Ben Goertzel It is confident that AI should be decentralized.
This convergence was also revealed by the World Economic Forum, which Argued In 2024 that “the synergy between spatial computing, blockchain and AI will increase our experiences and guide our interaction with the digital world rapidly.”
Major crypto enterprise capitalist Mark andrsen Believe that control over AI is a top strategic priority for China and the United States, as both nations enter the “Cold War-style” race for technical dominance.
AI Venture Capital took the center stage at the web summit Vancouver, one of the world’s major technical conferences. I got an opportunity to modrate a panel discovering core dynamics shaping AI investment in base layer.
In this week’s Crypto Biz Newsletter, we dive in the future of AI and Crypto, unpacking the major topics that emerged in the last several months.
Who is winning the AI funding race?
In the web summit Vancouver, I operated a panel on AI Venture Capital Funding, which featured George Matthew of Insight Partners, Kathy Gao of Neelam Ventures and JP Sanday of Menlo Ventures.
We discovered why the so-called “sudden” in AI funding has deep roots in boom, VCs are closely looking in cases of rapid growth of generic AI and high-affected use. While Crypto was released from the agenda, the emerging trends exposed by these VCS paint a clear picture of the innovation expected in the blockchain industry.
George and JP also discussed the US-China Tech rivalry and its implications for the development of AI Infrastructure and Data Center. At the same time, Kathy shared information about how acute competition AI is affecting the startup valuation.
https://www.youtube.com/watch?v=1zqk2u1tg1g1g
AI Venture Capital Crypto’s lunch – is eating for now
For all things about AI and Crypto convergence, venture is capital Strongly artificial intelligence startups recently.
In April, pitchbook data showed that AI Startups attracted about 60% of global enterprise capital in Q1, which was a total of $ 73 billion in a period of three months.
A significant part of that – $ 40 billion – came from a single funding round for Openai, whose Chatgpt models now boast more than 180 million monthly active users.
Different figures from Cryptorek showed that Crypto and Blockchain Startups held $ 4.8 billion in funding in the first quarter.
Circle co-founder: “AI agents will soon do most economic transactions”
StableCoin Issue Circle co-founder Scene Nilli Hai Gather $ 18 million Building “AI-Mool Financial Institute” for a new enterprise.
The newly launched Katena Labs is supported by Andresen Horovitz’s Crypto-Centenary Venture Venture Arm and aspires to become a fully regulated bank for the AI-operated economy.
While firms like McKiny and EY have highlighted the transformative capacity of AI agents in finance, the concept of “AI-Oro” financial institutions is largely low.
Ketena Labs argues that “traditional financial systems are unprotected and resistant to AI, obstructing agents agents.
“AI agents will soon conduct most economic transactions,” Neville said.
Decentralized AI on Solana
Another notable development in the blockchain-artific intelligence Nexus came from nous research, which recently happened $ 50 million safe To manufacture decentralized AI on Solana.
The funding round, led under the leadership of Paradiman, said about 1 billion dollars, according to Fortune. The previous backers of the startup include Delphi Digital, North Island Ventures and Distributed Global.
NUS took advantage of Solana to encourage user’s participation in developing its open-source AI model, which is to rival major big language models such as Openai and Dipsek.
Unlike traditional centralized approaches, Nous is trained its LLM in a decentralized, community-manual manner-a strategy that separates it, separates it, according to the pattern partner Arjun Balaji.
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