This week S&P Global Ratings released a report on the crossover between AI and crypto entitled, “The Question is WHEN, Not IF.” With the launch of ChatGPT almost two years ago, the topic of AI is now far more prominent than blockchain and crypto. But the intersection of the two is not new.
Before delving into the report, it’s worth exploring a couple of examples of the two technologies working together. Artificial intelligence requires machine learning, which in turn needs data. So one application is using crypto to compensate people or devices that generate data.
Since 2019, German manufacturer Bosch has been working with Fetch.ai to use IoT devices and Fetch’s idea of Autonomous Economic Agents (AEA). These are sensor-driven (IoT) devices that are both self-learning and capable of automatically transacting using crypto. One can easily imagine a decentralized network of weather stations receiving compensation for data. These types of applications are referred to as decentralized physical infrastructure networks (DePINs).
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