Artificial Intelligence (AI) has been making remarkable strides in various industries, revolutionizing the way we work, communicate, and live. In our ever-evolving digital landscape, AI continues to shape the future of technology with its transformative capabilities. With a small throwback to some recent Speak Bold episodes, we dive into different viewpoints on AI and its future.
The Intersection of AI and Blockchain
Patrick Chang, the founder and managing partner of Dispersion Capital, envisions a future where blockchain technology is seamlessly integrated into internet infrastructure, much like cloud computing is today. He invests in this field and believes that it may take another five to ten years for this invisible layer to fully develop. He also sees the intersection of this technology with artificial intelligence.
There are use cases that we're pretty excited about where there is this overlap between AI and blockchain. The overlap between AI and blockchain is about decentralized infrastructure where you're going to have autonomous agents on the edges. You will need to have these AIs interact with each other to authenticate and maybe even do micropayments with each other and that's where blockchain comes in. Other components are training these new large language models or various AIs. You can take data from various disparate pieces and that's where the blockchain component comes in from either accessing or rewarding this data.
Listen to the full Speak Bold episode with Patrick Chang to learn more about his views on the future of web3.
AI From the Climate Point of View
In today's era of technology, the intersection of energy consumption and technological progress is an area of concern for many. Innovations are advancing rapidly, and while their potential is undeniable, there is an underlying question about their ecological footprint.
As Josh Felser, co-founder and managing director of Climactic VC, pointed out:
AI is such a power and energy-intensive process, and crypto is similar. The beauty AI and crypto have is that they can be turned on and off in a way, and that works really well with renewable energy. So what you could actually power through mining when you have a lot of wind and by the wind and sun and then that could actually be where the energy comes from. And the same is true for AI but I'm still getting my arms around kind of AI and climate and where that's going and how we can avoid some of the challenges that really hit crypto and energy usage at the beginning.
Felser's perspective shines a light on an alternative view, positioning AI and crypto not as energy hogs but as potential partners in the renewable energy landscape. It's a synergy that has yet to be explored. Just as we adjust our energy usage based on availability in other sectors, the computational demands of AI and crypto can be timed with bursts of renewable energy, thus helping mitigate their carbon footprints. While challenges remain, the potential for harnessing these technologies in harmony with our planet is a promising vision for the future.
Check our full conversation with Josh Felser here.
Artificial Intelligence for Creatives and the Danger of Deepfakes
The integration of AI tools into the creative process holds great potential for transforming the way we work and unleashing new levels of productivity. From graphic design to content creation, AI-driven tools are revolutionizing the creative landscape. By automating repetitive tasks, generating personalized recommendations, and assisting in the creation of visually stunning designs, these tools enable creatives to focus more on their artistic vision and less on mundane tasks. With machine learning algorithms and deep neural networks, AI tools can analyze vast amounts of data, identify patterns, and generate insights that inspire innovation.
Jules Dudko, the founder and CEO of FrequenC, discussed the transformative potential of AI in the creative industries in a recent Speak Bold episode.
I think there are a lot of interesting tools in terms of content creation, in terms of creation, in terms of personalization. There is going to be a huge opportunity to be able to use behavioral predictions to create very personalized experiences, sort of having your own personal AI agent, and if you plug in brands that already know what you like to buy or already know where you like to shop, they know where you like to travel, this becomes a pretty seamless experience in terms of being able to sell and experience things that you really want and help take out unnecessary time and decision making in that process.
What's the Role of AI in Payments?
Artificial Intelligence is also, directly and indirectly, becoming a part of the payments industry. AI can be used to make payments more secure, efficient, and personal. With the development of facial recognition software, biometric data, or voice authentication, it is becoming increasingly easier to authenticate a user’s identity before authorizing a payment. Furthermore, AI can be used to analyze spending patterns to customize offers for customers that are tailored to their individual needs.
At Stronghold, we stand at the forefront of new technologies and solutions. Whether you are using AI to track your customers' behaviors, authenticate payments, or not using it at all, we have a solution for you. StrongholdNET is a product and network for merchants, technology partners, and key players in the digital world. Learn more here.
What's Next for Speak Bold Episodes?
We’re eager to interview more great minds and entrepreneurs to discuss all things DeFi, fintech, blockchain, AI, and more. If you know someone who might be interested in joining our show (or you'd like to join it yourself!), fill out this form, and we’ll get in touch. We’re so excited to get to know you!