The scene between blockchain technology and artificial intelligence intensifies, with major industry numbers such as Ben Goertzel It is convinced that AI should be decentralized.
This convergence is that -Highlight of the World Economic Forum, which Argued In 2024 “synergies between spatial computing, blockchain and AI will increase our experiences and further guide our relationships with the digital world.”
Well -known crypto venture capitalist Marcs Andreat Believing AI control is a leading strategic priority for China and the United States, as the two countries are entering a “Cold War-style” race for technology dominance.
The AI Venture Capital took place on stage at the Vancouver Web Summit, one of the leading tech conferences worldwide. I had the opportunity to moderate a panel that explored the main dynamics that shape AI investment in the base layer.
In the Crypto Biz Newsletter this week, we dive into the future of AI and Crypto, opening the key themes that have appeared over the past few months.
Who won the AI funding breed?
At the Web Summit Vancouver, I enabled an AI Venture Capital funding panel featuring George Mathew by Insight Partners, Cathy Gao of Sapphire ventures and JP Sanday of Menlo Ventures.
We researched why the so-called “sudden” flow to AI funding has deeper roots, the rapid increase in AI development and cases with high potential use of VCs are watching closely. While the crypto is left on the agenda, the emerging trends that are highlighting these VCs have painted a clearer picture of the change expected in the blockchain industry.
George and JP also discussed US-China Tech rivals and its implications for AI development and data center development. At the same time, Cathy shared views on how competition affects competition with AI start -up values.
https://www.youtube.com/watch?v=1zqkk2u1TG1g
AI Venture Capital eats crypto lunch – so far
For all the conversation about AI and Crypto Convergence, the venture capital has Strongly favors artificial intelligence startups Recently.
In April, pitchbook data showed that AI startups attract nearly 60% of the global venture capital in Q1, worth $ 73 billion in a three -month period.
A significant part of it – $ 40 billion – comes from a single funding for Openai, whose chatgpt models are now boasting over 180 million monthly active users.
Separate data from Cryptorank revealed that crypto and blockchain startups gained $ 4.8 billion in first-quarter funds.
Circle co-founder: “AI agents are about to perform most economic transactions”
Sean Neville, co-founder of Stablecoin Issuer Circle, has Raised $ 18 million For a new adventure aimed at developing an “AI-fashioned financial institution.”
The newly launched Catena Labs are supported by the crypto -focused arm focused on Andreessen Horowitz’s arm for a fully regulated bank for the AI -driven economy.
While companies like McKinsey and EY highlighted the transformation of the potential of AI agents financially, the concept of “AI-native” financial institutions remains largely unuplicated.
The Catena Labs argues that “traditional financial systems are not prepared and resistant to AI, which prevents agent’s economic growth.”
“AI agents are about to conduct most economic transactions,” Neville added.
Decentralized AI in Solana
Another well-known development in Blockchain-Artificial Intelligence Nexus originated in Nous Research, which recently That -secure the $ 50 million To produce decentralized AI in Solana.
The funding of the funding, led by the paradigm, appreciated the research on nous for $ 1 billion, according to Fortune. Previous supporters of the startup include Delphi Digital, North Island Ventures and distributed global.
The Nouss use Solana to innerize the user’s participation in the development of open-source AI models, aimed at rivals of major language models such as Openai and Deepseek.
Unlike the traditional centralized approach, Nous trains its LLMs in a decentralized, a community-driven way-a strategy that sets it, according to the paradigm partner Arjun Balaji.
The Crypto Biz is your weekly pulse business behind Blockchain and Crypto, which is delivered directly to your inbox every Thursday.
