The rapid ascent of AI over the past year has captivated global interest. With millions of users gravitating towards tools such as ChatGPT and a flood of other AI-driven applications, both investors and startups have rapidly redirected their focus, channeling substantial investments into AI initiatives. This wave of interest extends beyond Big Tech, igniting curiosity in the realm of decentralized finance as well.
Prominent investors in the crypto and blockchain sectors, including Framework Ventures and Peter Thiel’s Founders Fund, are now supporting a new generation of "crypto + AI" initiatives such as Sentient and Space & Time. Although many of these cross-industry startups focus on leveraging crypto to compete with established AI technology players, traditional financial institutions had not considered how integrating AI and blockchains could influence their technology stack until last month.
The team responsible for the prominent oracle protocol, Chainlink, recently published a report revealing their efforts on a project that integrates AI, oracles, and blockchain technology to tackle the absence of real-time and standardized data concerning corporate actions.
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