- The data from Crypto mining data centers has found utility in AI computing, making them important assets.
- There is a possibility that in the future the AI agents could complete the cryptocurrency transactions themselves.
- Thus, the concept of blockchain is a solution for authenticity in an artificial intelligence environment.
The relationship between AI and cryptocurrency is one of the most actively developing and promising relationships for both fields. One of the key features that have driven this convergence is the establishment of data centers created to support the mining of cryptocurrencies such as Bitcoin. Such facilities were initially built to accommodate the massive energy consumption required for bitcoin mining.
Great explanation of the intersection of AI and Crypto
by @novogratz pic.twitter.com/ACLedDyE1o
— Matthew Sigel, recovering CFA (@matthew_sigel) September 13, 2024
Now the same facilities are turning into profitable assets for AI, where computing is important. The growing demand for AI processing, led by major companies such as Microsoft, Meta and Google, highlights the untapped potential of these data centers. With only a few 800-megawatt data centers available across the country, the crypto industry’s ownership of these resources provides a unique advantage.
AI agents are going to change the landscape
The further development of more advanced AI technologies, and especially the emergence and evolution of AI agents, is expected to intensify this relationship. It is predicted that in the next year and a half, AI agents will not only help users with certain tasks, but also carry out financial transactions.
The use of AI in the financial sector has the potential to take automation to a new level where AI agents will carry out the transactions in cryptocurrencies for the users. The interaction of these agents with the cryptocurrency platforms is expected to revolutionize the flow of funds and pave the way for the digital currency and AI collaboration in the future.
Authenticity and Security: A Crucial AI-Crypto Link
The latter is the increasing importance of trust in AI intersection with cryptocurrencies, especially as deep fakes become almost indistinguishable from the real thing. Blockchain technology therefore offers a solution, as it is able to identify the originality of a digital asset that has not been fraudulently duplicated.
The truth of ownership as a function of blockchain can have a repository in art, but also in financial transactions. It is therefore clear that as AI technology advances, the need for such security measures also increases. This gives meaning to the correlation between the two; AI and cryptocurrencies.