Internet Computer (ICP) AI Demo To Feature Facial Recognition

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As a crypto investor with experience in the blockchain and AI space, I’m excited about the latest developments in the Internet Computer (ICP) ecosystem. The integration of facial recognition technology into its AI smart contracts is an intriguing next step for this innovative project. Dfinity, the parent company of ICP, has a proven track record of pushing the boundaries of what blockchain and AI can do together.

Domnic Williams, the founder of Dfinity, the organization behind the Internet Computer (ICP) blockchain, has given a sneak peek into the upcoming significant enhancement for its AI-driven smart contracts demonstration.

Internet Computer Pursuing Real-Life Application

As aanalyst, I’ve come acrossWilliam’s latest announcementregarding the integration of facial recognition technology into the protocol’s upcoming update for its AI smart contracts on the Internet Computer platform. Although specifics are still under wraps, the founder expressed optimism about the potential success of this innovation.

Shooting for next AI smart contract demo to be on-chain facial recognition. Will be a lift, but…
As a researcher in the field of global R&D, I’m excited to share that this week’s advancements will bring about an enhanced execution environment for Iterative Computation Protocol (ICP). This new setup will incorporate Support for Instruction-level Multithreading (SIMD) instructions. The addition of SIMD instructions is expected to facilitate greater decentralization and speed enhancements for AI applications on the blockchain platform. #AIOnBlockchain
— dom.icp ∞ (@dominic_w) May 27, 2024

As an analyst, I would express it this way: ICS (Internet Computer System) is leading the charge in integrating artificial intelligence (AI) into smart contracts. The idea that these advanced technologies could harmoniously coexist has been a topic of intrigue for some time. In a tangible demonstration of this potential synergy, ICS implemented AI models on its ICP test networks. These AI implementations can operate autonomously and resist tampering, showcasing the power and promise of combining blockchain and AI technologies.

Following the demonstration of its AI engine to the excitement of the Web3 community, Dfinity has hinted at further innovations aimed at enhancing the scalability of this product. Previously reported by Coingape, the protocol is rumored to be focusing on optimizing speed as the next significant improvement to look forward to.

In the era of AI being led by ChatGPT, various crypto initiatives are coming up with ingenious strategies to join the fray. Alongside Internet Computer, the alliance between SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol is named the Artificial SuperIntelligence (ASI) Alliance.

The ASI Alliance aspires to challenge industry giants such as OpenAI and Google by producing practical applications and offerings. Currently, the alliance is working towards securing approval from each member project for the merger. If successful, this will result in the unification of the tokens from the three protocols into a single token, with an equal exchange rate for all.

AI Tokens Go on Rampage

In the midst of the larger market recovery, AI-related tokens are making notable strides. After Dominic Williams announced updates on decentralized AI enhancements, ICP experienced a 1.67% increase, reaching a value of $12.32. Similarly, Render (RNDR), a decentralized platform for GPU rendering, recorded a 1.54% growth within the past day, settling at $10.14.

The cryptocurrencies FET from the ASI Alliance, OCEAN, and AGIX have experienced growth of 2.68% to reach $2.301, 2.5% to hit $0.9619, and 2.17% to touch $0.96 respectively. Given the increasing interest in AI technology and the significant progress these tokens are making, it’s plausible that further bullish rises lie ahead for all three coins.

 

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2024-05-28 01:40