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Artificial intelligence and cryptocurrencies: a symbiotic relationship

Artificial intelligence and cryptocurrencies: a symbiotic relationship

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by Elena Ryabokon

2 years ago


Tom Emmer, a member of the US House of Representatives, expressed his opinion that digital assets and artificial intelligence (AI) may enter into a “symbiotic relationship” in the future. This was reported by The Block publication.

Tom Emmer stated, “The connection between AI and digital assets seems to me to be necessary and inevitable. In fact, there may be a symbiotic relationship between the two in the future.” These words came during a House Financial Services Committee hearing to discuss research into AI innovation.

The policymaker believes blockchain technology can be used to improve the reliability of data used in AI models, and decentralization can help mitigate the security concerns associated with a single point of failure.

Emmer asked Scale AI CTO Vijay Karunamurthy about the possibility of using blockchain to ensure data veracity. Karunamurthy replied that surveillance, monitoring and finding authoritative sources of information are becoming increasingly important. He added: “So whether we are talking about blockchain or digital identity solutions, they all play an important role in ensuring data accuracy and relevance.”

Bernstein's experts have previously noted that miners are attractive partners for AI companies due to their access to power sources and operational capabilities.

In June, Bitwise analyst Juan Leon predicted a $20 trillion increase in global GDP due to cryptocurrencies and AI. In his opinion, these technologies have the potential to significantly impact the global economy.

Ben Herzl, CEO of decentralized AI network SingularityNET, believes that artificial intelligence and blockchain are bringing humanity closer to a transhumanist future. He argues that the synergy between these technologies opens up new opportunities for the development of society and the economy.

Emmer noted that the use of blockchain can improve the quality of data needed for AI, which is especially important in the face of the increasing complexity and scale of AI models. The policymaker emphasized that decentralized technologies can improve data reliability and security, which is a key aspect for successful AI applications.

During the hearing, Karunamurthy noted that technologies such as blockchain play an important role in ensuring the accuracy of data, which is particularly relevant given the increasing volume and complexity of information processed by AI. He emphasized the importance of monitoring and finding reputable sources of data to ensure it is accurate and up-to-date.

Bernstein experts argue that miners can become important partners for AI companies by providing access to the necessary resources and capacity. This collaboration could lead to significant improvements in AI and blockchain, furthering their development and integration.

Bitwise analyst Juan Leon predicts that cryptocurrencies and AI could have a significant impact on global GDP, increasing it by $20 trillion. He believes that these technologies have huge potential for economic growth and innovation.

Ben Herzl of SingularityNET believes that the integration of AI and blockchain brings humanity closer to a transhumanist future. He believes that the combination of these technologies opens up new opportunities for the development of society, improving the quality of life and reaching new heights in science and technology.

Thus, statements by Tom Emmer and other experts emphasize the importance and potential of the symbiotic relationship between digital assets and artificial intelligence. These technologies can significantly change our future by improving data reliability, enhancing security and opening new perspectives for economic and social development.

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