Blockchain and artificial intelligence technologies are increasingly interacting, as demonstrated at recent conferences and by key industry figures.
Who’s winning the AI funding race?
At the Web Summit in Vancouver, a panel discussing AI startup funding was held. Moderated by JP Sanday of Menlo Ventures, the discussion highlighted the deep roots of the recent surge in AI funding. Panelists noted that current trends in AI could significantly impact innovation in the blockchain industry, despite cryptocurrency not being the focus.
AI venture capital is outpacing crypto funding
PitchBook data shows that AI startups attracted nearly 60% of global venture capital in the first quarter, totaling $73 billion. In contrast, cryptocurrency startups raised only $4.8 billion during the same period.
Decentralized AI on Solana
Nous Research secured $50 million to develop decentralized AI on the Solana blockchain. By leveraging this approach, the company aims to create open-source AI models, distinguishing itself from conventional centralized solutions.
The convergence of blockchain and AI technologies opens new horizons and opportunities. Further developments and mutual influences of these two key sectors in technology should be expected.
