AI Plus Blockchain: The Future

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AI X BLOCKCHAIN

🌐 EU Prepares for the Convergence of Blockchain and AI
^{Insights from Cointelegraph}

The European Union has been advised to prepare for the integration of blockchain technology and artificial intelligence (AI), highlighting the potential benefits and upcoming trends in the convergence of these technologies.

The Decode:

• Decentralized AI Networks: The European Blockchain Observatory and Forum (EUBOF) reports that blockchain can securely store sensitive AI data, useful in sectors like healthcare and finance. This integration can foster decentralized AI networks, reducing data monopolies and encouraging collaborative AI development.
  

• Enhanced Smart Contracts: AI can improve smart contract functionality, applicable across various industries, driving innovation.
  

• DeFi Growth: The decentralized finance (DeFi) ecosystem continues to grow, with new protocols and applications expected to emerge.

• Blockchain Benefits: Blockchain’s interoperability, sustainability, and energy efficiency are key drivers of its adoption.

Recommendations:

EUBOF recommends acting as a global knowledge hub for blockchain, enhancing Europe’s stakeholder engagement, and addressing challenges from new innovations.

EuroHPC Initiative:

• Supercomputers for AI: The EU plans to amend regulations for the European High Performing Computer Joint Undertaking (EuroHPC), which manages supercomputers for AI development.
  

• Support for Hosting Entities: Under new regulations, hosting entities can receive up to 50% of AI supercomputer costs from the EU, with ownership transferring after five years.

The convergence of blockchain and AI represents a significant opportunity for technological advancement in Europe. By preparing for this integration, the EU can enhance data security, foster innovation, and maintain a competitive edge.

TOGETHER WITH MODASH

With over 250 million influencers and creators worldwide, how do you begin to find the right partners for your brand?   

Ryan Prior from Modash interviewed 4 senior influencer marketers to learn how they approach influencer selection. 

All of them agreed: think beyond your immediate product category.

❌ This is the wrong line of thinking:

I have a beauty product. So, I should work with beauty influencers.

✅  This is the right line of thinking:

My ideal buyers are women aged 35-45 in New York. Who reaches those people online?

With this audience-based approach, you might still land on the "obvious" choices (like beauty influencers), but it will also give you a much bigger pool of potential partners to test. 

Discover more ways to find your best niches!

xAI

🚀 Elon Musk’s xAI Secures $6B in Funding, Reaches $24B Valuatio
^{Insights from Bloomberg and Fox Business}

Elon Musk’s AI startup, xAI, announced on Sunday that it has raised $6 billion in Series B funding, boosting the company’s valuation to $24 billion.

Elon MuskPhotographer: Apu Gomes/Getty Images

The Decode:

Investors: The funding round included major investors such as Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding.

Funding Purpose: xAI plans to use the investment to develop and market new products, build advanced infrastructure, and accelerate research and development of future technologies.

Company Statement: xAI emphasized its commitment to rapid progress, stating, “xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced.”

This significant funding round and high valuation highlight xAI’s potential impact on the AI industry. With substantial financial backing, xAI is poised to accelerate innovation and bring new AI technologies to market, further establishing its presence. 

AI OVER SOCIAL MEDIA

📊 Higher Trust in AI Firms Compared to Social Media Giants
^{Insights from Superhuman} 

The Decode:

According to an Axios-Harris poll, Nvidia tops the list for reputation among 100 major companies, with OpenAI, Microsoft, and Alphabet also earning high trust ratings. In contrast, social media giants like Meta, ByteDance, and X are rated poorly, with X ranking second-to-last, just above the Trump Organization. Despite AI firms being more trusted, less than a third of Americans are more inclined to purchase AI-driven products, showing that AI adoption alone doesn’t guarantee consumer trust.

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HOT NEWS

📈 OpenAI and News Corp Speed Up Paid Data Race

OpenAI has signed a multi-year, $250 million deal with Rupert Murdoch’s News Corp, covering The Wall Street Journal, New York Post, and others allowing OpenAI to access current and archived content for AI model training. News Corp, previously protective against unauthorized AI scraping, now benefits financially.  

🔍 Mastercard Deploys AI to Detect Compromised Cards

Mastercard is integrating AI into its fraud-prediction technology to detect compromised credit and debit cards before they reach cybercriminals using generative AI to analyze patterns and contextual information, allowing banks to replace compromised cards swiftly. 

🎬 Netflix CEO Says AI Won't Replace Writers, Actors, or Directors

Netflix co-CEO Ted Sarandos believes AI won't replace writers, actors, and directors. Instead, he emphasizes that the effective use of AI could impact jobs. "AI is not going to take your job. The person who uses AI well might take your job," he stated. Sarandos views AI as another technological advancement that will ultimately benefit the entertainment industry.

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