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A merging of crypto and artificial intelligence (AI) technology could inject a $20 trillion boost into the global economy, according to asset management giant Bitwise.
Juan Leon, Bitwise’s senior crypto research analyst, highlights the transformative potential of integrating crypto and AI. In a new report, Leon claims that the impact of this intersection will be “even bigger than people imagine.”
Leon notes that the global race for AI supremacy has generated unprecedented demand for data centers. Major industry players are operating at full capacity, with even unfinished facilities being leased out in advance.
Bitcoin (BTC) miners could greatly benefit from this increased demand for data, Leon suggests. “That’s where miners come in. Bitcoin miners – the computer networks that secure the bitcoin blockchain – are built for the sole purpose of processing and storing gargantuan amounts of data. In other words, they have the very resources – powerful chips, state-of-the-art cooling systems, and accompanying infrastructure – that AI companies are desperate for.”
This unique positioning of Bitcoin miners could provide a crucial infrastructure boost to AI companies, further intertwining the two technologies.
Leon also envisions a significant role for crypto in enhancing virtual assistants. He points out that the capabilities of current virtual assistants, like Apple’s Siri, are limited in performing complex tasks. To overcome these limitations, Leon suggests integrating AI assistants with blockchains and digital money.
“Pairing AI assistants with smart contracts and digitally native money like bitcoin or stablecoins – which are designed to move securely without the slow oversight of centralized entities – could open up new avenues to further enhance our productivity,” he states.
These advancements, Leon believes, will drive both sectors forward, reshaping innovation and interaction with the world.