ChatGPT, DALL-E 2, Lensa – all new inventions in the field of artificial intelligence. Since their release, they have been generating sustained hype. At the same time, a new investment opportunity is emerging. More and more projects are expected as they develop. Thus, technology should also be an option to increase your own money. What options are there so far? To what extent is it worth investing in AI projects? And what needs to be considered? Ai-lookup tried to figure out ai vs blockchain.
The transformation through artificial intelligence
As the hype continues, more and more companies are choosing to jump on the AI bandwagon. The use of AI-based tools is growing. This can be seen, especially among developers, as well as among various search engine providers. For example, the company Microsoft recently introduced their new search engine Bing, which is based on artificial intelligence. Additionally, in the future, it is expected to work with the artificial intelligence program ChatGPT, which writes texts on its own. In fact, Bing is expected to overtake even the industry leader Google in the future and become the most used search engine.
It is well known that developers like Microsoft or Google have been working with artificial intelligence for a long time. For example, suitable terms are suggested when you enter them in the search bar. And these usually express exactly what you intended to write. This helps users to search and research more quickly and efficiently.
If a search engine is convenient, simply designed and quickly delivers the right results, it is preferred by society. So far, Google has been ahead of the game. But with the latest developments in AI, this search engine is now in danger of being replaced by Bing. After all, Google hasn’t made a change in years. So if they don’t catch up quickly now, it could mean the end for them. According to this, developers are now forced to integrate AI tools so that they can keep up. Perhaps Blockchain – based technologies will also find application here?
AI vs Blockchain: Complementing Each Other
In the context of AI vs blockchain, the two technologies are not entirely separate. In fact, they can complement each other in various ways. AI can be used to enhance the performance of blockchain systems, particularly in terms of improving scalability and data analysis. On the other hand, blockchain can be used to improve the security and transparency of AI systems, making them more trustworthy.
One of the most significant differences between AI and blockchain is their respective use cases. AI is widely used in areas such as healthcare, finance, and transportation to enhance decision-making, automate processes, and improve efficiency. Blockchain, on the other hand, is used for secure data storage, peer-to-peer transactions, and decentralized applications.
The investment opportunities of AI Blockchain
There are various ways to invest in artificial intelligence. On the one hand, so-called AI coins are created. These are blockchain cryptocurrencies with a focus on artificial intelligence. These are no different from conventional cryptocurrencies. However, AI Coins are used within an Artificial Intelligence crypto protocol. Examples include The Graph (GRT), SingularityNET (AGIX), and Fetch.ai (FET). On the other hand, there are AI stocks. These come from companies that do developments in the field of artificial intelligence, such as Google or even Tesla. Furthermore, you can find investment funds and exchange-traded index funds (ETFs) that specialize in artificial intelligence. Some of them also follow the topic with regard to robotics or technology in general.
Last, you can also invest with the help of AI. For example, hedge funds have been using AI-based algorithms to identify the best investment opportunities for some time.
AI vs Blockchain differences
- AI concerns itself with the development of intelligent systems, whereas blockchain endeavors to provide a system for storing and transacting information that is both decentralized and secure.
- The integration of AI can result in increased efficiency and productivity, while blockchain can furnish a transparent and secure system for the sensitive storage of data and transactions.
- The convergence of these two technologies can lead to a synergetic effect in which AI bolsters the performance of blockchain systems, and blockchain enhances the security and transparency of AI systems.
- AI finds applications in decision-making, automation, and the optimization of efficiency, whereas blockchain is predominantly utilized for the secure storage of data, peer-to-peer transactions, and the operation of decentralized applications.
- The market value of AI is anticipated to reach $309.6 billion by 2026, while the blockchain market is forecasted to amount to $39.7 billion by 2025.
How worthwhile is an investment?
Due to the current changes brought about by artificial intelligence, investors also want to take advantage of this promising technology. Where the demand rises, the price rises as well as the profits. Accordingly, AI coins, AI funds and AI stocks are currently becoming more and more the focus of investors. Many investors are choosing to invest in AI now, before prices become unaffordable.
AI coins, AI funds and AI stocks are currently becoming more and more the focus of investors
With the release of ChatGPT, the topic of AI Coins also became big. In the future, these will be used for AI programs. Likewise, in recent months, companies have managed to increase their own market value by increasing the number of investors. ETFs allow investing in several areas at the same time so that profit opportunities can be increased. However, it is important not to react too quickly.
Because every investment is connected with an amount of money, which can be completely lost at any time. That is why you should think about it well in advance. After all, one risk factor is that developments in the field of AI are still fairly new. Companies specializing in this technology are often still young. This means that the risk of insolvency is high, even though they show potential for value growth for many investors.
Main conclusion on AI vs Blockchain
More AI projects will emerge in the future. Since it is impossible to know how the development of artificial intelligence will continue, investments are currently uncertain, but can also offer great potential. Either the values will fall, like the crypto values of Bitcoin and Co. before, or the values can rise quickly. But even then, a subsequent crash is not foreseeable and remains an existing risk. Therefore, it is worthwhile to observe the market first and invest with regard to the current developments.