Coinbase Says AI Represents ‘Important Opportunity’ for Crypto
- Crypto can help AI with sourcing diverse, verified data
- Market cap of crypto projects directly involved in AI is low
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The largest US digital asset exchange Coinbase Global Inc. said the intersection of artificial intelligence and crypto represents an important opportunity for entrepreneurs, including helping to prevent some of the excesses cited by critics of the technology.
“As applications within AI and blockchain mature, the disruptions these technologies represent may lead to areas of collaboration and the emergence of new use cases for crypto to help address specific societal challenges posed by AI,” David Duong, head of research at Coinbase, said in a June 1 research report.