As a seasoned crypto investor with a keen interest in technology and its disruptive potential, I find the intersection of AI and crypto to be an incredibly exciting development. Having witnessed the transformation of various industries due to technological advancements, I am confident that this crossover will revolutionize the way we interact with and utilize cryptocurrencies.
The intersection between crypto and AI has been a hot debate after the emergence of AI platforms like ChatGPT and others. Joining this debate is Brian Armstrong, the co-founder and CEO of Coinbase. Earlier today, he shared some interesting insights into the future of AI and crypto.
He suggested that it would be beneficial for large language models (which are advanced machine learning models specializing in understanding and generating human-like text, like OpenAI’s ChatGPT) to incorporate crypto wallet functionalities.
Armstrong also pointed out that linking cryptocurrency wallets with LLM (large language model) models opens up a realm where artificial intelligence entities might perform duties for users and engage in the digital currency economy. Such responsibilities may encompass cryptocurrency transactions and examining market fluctuations, to name a few examples.
Coinbase unveils AI builder program
Armstrong’s comments were made following the debut of the AI Grants Program by Coinbase Developer Platform. This program invites individuals to construct AI bots using Coinbase MPC Wallets, with a chance to secure $15,000 in funding through participation in the competition.
According to the latest post on Coinbase’s official blog, artificial intelligence entities are able to transfer and receive payments using MPC Wallets in USDC, a stablecoin provided by Circle. Remarkably, these transactions will be facilitated without any charges within the Base platform. Additionally, the blog disclosed that users can potentially earn returns on their balances held in their USDC wallets.
🎉Exciting News: CDP Presents the AI Grants Program🎉
Construct Artificial Intelligence chatbots utilizing Coinbase Multi-Party Computation (MPC) Wallets to enter a competition for $15,000 in awards!
More Information 🔍
— Coinbase Developer Platform🛡️ (@CoinbaseDev) August 16, 2024
As a seasoned investor with over two decades of experience in traditional financial markets, I have witnessed countless technological advancements that have revolutionized the way we trade and invest. However, the recent announcement from the U.S. exchange about their plans to merge artificial intelligence (AI) and crypto/blockchain technology is truly groundbreaking.
Brian Armstrong’s tweet underscores the significance of merging cryptocurrency and artificial intelligence. Furthermore, he hinted that the application of AI could expand beyond the confines of cryptocurrencies. In a side comment, he emphasized the necessity for seamless checkout processes to accommodate AI agents for transactions. He believes this development is imminent.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- USD COP PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- EUR ILS PREDICTION
- REF PREDICTION. REF cryptocurrency
- TROY PREDICTION. TROY cryptocurrency
- MDT PREDICTION. MDT cryptocurrency
2024-08-17 14:54