Posted 1/10/2024, 4:45:00 PM
Web3 AI Ecosystem Attracts Billions in Funding as Developer Tools Emerge for Decentralized AI Apps
- The Web3 AI ecosystem is growing rapidly, attracting over $25 billion in funding in 2023 as investors pursue the massive market opportunity
- The tech stack enables decentralized access to GPUs for AI model training and inference
- Zero-knowledge proofs allow smart contracts to leverage AI models in a trust-minimized way
- Developer tools and services are needed to build Web3 AI applications like automated trading strategies
- While end-user apps are still early, infrastructure protocols seem a better bet today given uncertainty in how AI functionality evolves