Blockchain and AI Converge in Novel Applications
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Blockchain-based marketplaces can help crowdsource computing power, data, and other resources needed for AI development. Examples include Akash Network, Render Network, Aleph.im, and SingularityNET.
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Tokenized AI models that can be traded as NFTs are an emerging use case. Framework Ventures invested in AI Arena which features AI models battling in a game.
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AI analytics tools can analyze on-chain data to detect patterns, trends, anomalies, and suggest strategies. For example, Mastercard uses AI to detect fraudulent crypto transactions.
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Bridgewater is launching an AI hedge fund that aims to analyze financial markets to make investment predictions. However, previous AI funds have underperformed.
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Combining blockchain data with rigorous standards like ACTUS could allow more effective AI analysis and predictions for finance. This could expand access to credit.