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Cryptocurrency analyst and DeFi enthusiast, Miles Deutscher, has recently shared an interesting thread on social media space X regarding his perspective on the intersection of artificial intelligence and cryptocurrency and blockchain.
Is AI-merging-with-crypto- really a trillion-dollar opportunity? Let’s see this opinion to understand the details.
For this reason, „AI coins” have been great proxies into major AI events and conferences, and will likely be for the foreseeable future.
Here’s the truth, however: Most AI coins aren’t actually AI. They are simply leveraging AI as a buzzword to generate hype.
— Miles Deutscher (@milesdeutscher) March 8, 2024
Understanding the AI Narrative in 2024
Deutscher first points out the main catalysts that have boosted the AI narrative in 2024.
His two main contentions are – OpenAI’s Sora release and Nvidia’s record-br
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