AI vs Crypto: The Venture Capital Race and Rise of Decentralized AI
The convergence of blockchain technology and artificial intelligence (AI) is increasing, with advocates like Ben Goertzel promoting decentralized AI. The World Economic Forum highlighted synergies between spatial computing, blockchain, and AI, predicting enhanced digital interactions. A strategic competition for AI control is emerging between China and the United States, likened to a "Cold War-style" race. At Web Summit Vancouver, a panel discussed AI venture capital dynamics, revealing that AI startups captured nearly 60% of global venture capital in Q1 2024, totaling $73 billion, while crypto startups received $4.8 billion. Sean Neville of Circle co-founded Catena Labs, aiming to create an AI-native financial institution. Nous Research secured $50 million to develop decentralized AI on Solana, emphasizing community-driven model training to compete with established large language models.
