Crypto could solve some of AI’s most pressing challenges – a16z
The crypto industry is playing a critical role in addressing the growing challenges in artificial intelligence (AI), according to a16z’s “State of Crypto 2024” report.
As AI development becomes increasingly expensive and centralized, the report highlights how blockchain technology offers decentralized solutions that could make AI more accessible and equitable.
The report highlighted that 34% of crypto projects now incorporate AI, a significant jump from 27% in 2023, with many focused on making AI more accessible through decentralized networks.
Challenging AI centralization
According to the report, the cost of developing and training advanced AI models has surged, leading to a concentration of resources among a few major tech…
