HomeCoinsBitcoinARK Make investments’s Cathie Wooden Says There’s a Convergence Between Bitcoin and...

ARK Make investments’s Cathie Wooden Says There’s a Convergence Between Bitcoin and Synthetic Intelligence

The chief government and founding father of ARK Make investments says that synthetic intelligence (AI) and Bitcoin (BTC) might converge to closely scale back prices and enhance productiveness.

Cathie Wooden says on the social media platform X that the merging of AI and digital property might basically change the best way that firms run.

“The convergence between Bitcoin and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating.”

Final month, ARK launched a report on synthetic intelligence, suggesting that chatbots reminiscent of OpenAI’s ChatGPT will develop into environment friendly sufficient to disrupt marquee on-line marketplaces, together with Apple’s App Retailer and Google’s search engine.

“Our research suggests that AI could disrupt the once reliable, cash-cow businesses of large market incumbents. OpenAI’s ChatGPT could threaten Apple and Alphabet by disrupting the App Store and Google Search, respectively.

OpenAI’s product plugins for ChatGPT enable chatbots to interact with external data and services: they can search for real-time information on the web, order groceries from local stores, and book flights, hotels, or rental cars at the lowest prices anywhere in the world…

According to our research, artificial intelligence software could boost the productivity of knowledge workers roughly four-fold globally by 2030. On a knowledge worker wage base of $32 trillion, global productivity could lower costs by nearly half.”

Wooden additionally says in a brand new video replace that the convergence of Bitcoin and AI might make funds techniques drastically extra environment friendly, eliminating pointless taxes spent on card-based transactions.

“One of the biggest opportunities out there is to eliminate a tax on all purchases done through the traditional financial system. There’s a tax on those, unless you’re using cash, and the tax is somewhere between 2.5% and 4%.

That’s a pretty big tax in terms of using debit and credit cards and other intermediaries – these intermediaries are going to be disintermediated by the convergence between Bitcoin and artificial intelligence.”


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Supply: https://dailyhodl.com/2023/09/04/ark-invests-cathie-wood-says-theres-a-convergence-between-bitcoin-and-artificial-intelligence/


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