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AI and Blockchain collision ahead according to Alexis Ohanian – Crypto News

Published

1 year ago

April 12, 2024

Dripp

Reddit co-founder Alexis Ohanian has propagated a theory that involves the potential collision of Artificial Intelligence (AI) and blockchain technology.

The Alexis Ohanian Thesis

According to the American internet entrepreneur, AI and blockchain technology are approaching a season when they will ‘collide’ and thereafter reinforce each other. He explained that his theory stems from the mutual relationship discovered between the two innovative technologies. Ohanian opined that AI and blockchain meet each other’s “indisputable need.”

Furthermore, he acknowledged the revolution that AI has brought since it started gaining popularity. Reddit co-founder stated that AI is currently “creating a world that will make images infinitely available”. His statement is underscored by the advent of some intriguing AI tools, launched by top tech companies.

It’s my theory that the age of AI and the ascendence of blockchain technology are about to collide and reinforce each other 💥

Why?

One is creating the indisputable need for the other.

Right now, AI is creating a world that will make images infinitely available. We will see a…

— Alexis Ohanian 🇦🇲 (@alexisohanian) April 11, 2024

There is OpenAI Sora which is capable of creating videos from textual descriptions and Google Genie which can create playable virtual worlds from a single image. Ohanian believes that companies will roll out more of such tools shortly, a move that has already started. With the prevalence of these AI tools has come the challenge of originality and ownership.

“So, imagine a world where you cannot trust a single JPG you see. You can’t know if it’s real or not, if it was taken by someone who says they took it, or if it depicts something real (we’re already kind of seeing this, too.)” the Reddit co-founder added.

He sees blockchain providing a solution to this challenge through inscriptions that could help anyone verify the true nature of an image or its origin. This will bring a boost to blockchain as it would have another use case that is not speculative.

Blockchain Firms Adopting AI To Boost Growth

Ohanian’s forward thinking projection is quite commendable and many companies are already exploring the integration of AI and blockchain across several use cases.

A week ago, Forbes highlighted that AI and blockchain will likely be supportive in Web3.0 growth. In this case, blockchain’s transparency as well as its impenetrable data processing capabilities, and AI’s capacity to learn from data and generate predictions were acknowledged.

Flare Network is also exploring a combination of AI and blockchain to offer safer and more secure services to its users and other data-sensitive sectors including healthcare, finance, and others. To bolster the number of Web3 firms exploring AI solutions Fetch AI launched a $100M Fetch Compute program to boost AI development with advanced Nvidia GPUs, to empower users and developers.