Artificial intelligence and the crypto industry are beginning to correlate more closely with each other. Miners can provide their capacities to AI companies, and firms from these two areas enter into mutually beneficial agreements.
Experts predicted the transfer of 20% of mining capacity to AI
Miners are attractive partners in building data centers for AI due to access to power sources and operational capabilities. CoinDesk writes about this with reference to the Bernstein report.
Recent AI deals, including a 12-year agreement between mining company Core Scientific and AI firm CoreWeave and Coatue Management's $150 million investment in Hut 8, have become key catalysts for the development of the sector, experts said.
Bernstein noticed that the miners had secured large volumes of electricity supplies. Today, about 6 GW is available to them, and by 2027 the figure will double.
Companies mining digital assets have an advantage in the queue for connection to networks with a large amount of electricity and can help partners reduce the time to ensure electricity supplies.
"Bitcoin data centers are ideally suited for modernization due to the availability of powerful servers, cooling infrastructure and their operational capabilities," the analysts wrote.
According to their forecasts, by the end of 2027, 20% of bitcoin mining capacity will be transferred to artificial intelligence, and the five largest American digital gold miners will account for 25% of the global hashrate.
SingularityNET Partnership with Filecoin
The developers of the SingularityNET AI platform and the Filecoin data storage network have announced a partnership to combine two industries - artificial intelligence and DePIN — while preserving decentralization, the ethics of neural networks and the reliability of information.
According to a press release provided by Cointelegraph, the partnership will create a specialized group to ensure the development and implementation of artificial intelligence in accordance with ethical standards.
The goals of the partnership depend on the time frame:
short—term - SingularityNET will use Filecoin's Lighthouse SDK solution to store metadata;medium—term - integration of the Filecoin technology stack into SingularityNET to enhance security and support the storage infrastructure that AI generates;long—term - using Filecoin to manage "Knowledge Graphs".Ultimately, companies are aiming to create superintelligent AI on a decentralized infrastructure. The tokens of the Artificial Superintelligence (ASI) and Filecoin (FIL) alliance will be used in new solutions.
Bitwise estimates that cryptocurrencies and neural networks will add $20 trillion to global GDP by 2030.
Recall that in May 2023, miners offered AI developers computing power.
In April 2024, CoinShares predicted increased diversification into the field of artificial intelligence by digital currency miners.