Monday, June 5, 2023

Here’s how the crypto industry is using artificial intelligence By Cointelegraph


© Reuters.

The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from $220.5 million in 2020 to $973.6 million in 2027 at a compound annual growth rate of 23.6%.

Despite Tesla (NASDAQ:) CEO Elon Musk and other prominent tech moguls penning an open letter calling on AI companies to suspend large-scale AI development temporarily, the crypto industry is ripe with AI projects. Here are some examples of crypto AI projects that have recently emerged in the community:

Blocktrace

SingularityNET

Fetch.ai

Artificial Liquid Intelligence

iExec