On August 18th, VanEck stated in a report that "AI companies need energy, and Bitcoin miners have energy." The company believes that Bitcoin mining companies face profit risks due to operational cost fluctuations and Bitcoin price volatility, and they may find it a good strategy to redirect some of their energy production capacity to the growing fields of AI and high-performance computing. VanEck stated, "The balance sheets of Bitcoin mining companies are usually poor, either because of too much debt, too many stocks issued, high executive salaries, or a combination of all three." VanEck estimates that if publicly traded Bitcoin mining companies shift 20% of their energy production capacity to AI and high-performance computing by 2027, "the total additional annual profit over the 13 years will average more than $13.9 billion."

The African Union (AU) Executive Council approved the "African Continental Strategy for Artificial Intelligence", which aims to promote the adoption of artificial intelligence in both public and private sectors, including Nigeria. The approved strategy outlines several key recommendations, including establishing integrated hardware and software environments designed specifically for AI and machine learning workloads to facilitate data processing and deployment. The strategy also emphasizes the establishment of AI governance systems, promoting the adoption of AI in the public sector, and incorporating AI into key areas outlined in the 2063 Agenda and Sustainable Development Goals.

After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.

The company is now worth more than Broadcom and closing in on Meta.

Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035.

Sam Williams, the founder of Arweave and AO, announced yesterday in a post on X that $260 million worth of stETH has been pre-bridged to the Arweave-based AI application computing protocol AO, pushing it to become the 28th largest DeFi protocol in the past four days. Williams stated that AO's TVL is now equivalent to Cardano ($209.43 million), surpassing major blockchain projects such as zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.

Apple has announced that it will not be rolling out its suite of AI tools, branded as "Apple Intelligence," in the European Union due to regulatory uncertainties brought about by the Digital Markets Act (DMA). The DMA targets large digital platforms and aims to ensure fair and competitive digital markets. Violating the act could result in fines of up to 10% of the offending company's worldwide annual revenue. Apple said it is concerned that the interoperability requirements of the DMA could force it to compromise the integrity of its products in ways that risk user privacy and data security.

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Social media and tech news pundits haven’t responded positively to the nomenclature.

Artificial intelligence (AI) is increasingly being used for crime in the cryptocurrency ecosystem. The report states that criminals are increasingly using generative AI to create deepfakes and other fraudulent materials to carry out crypto scams.

As artificial intelligence hype penetrates the cryptocurrency field, risk-loving Korean traders are heavily involved in digital assets related to artificial intelligence themes.

Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024.

Jan Leike, the security director of OpenAI, announced on social media that he is leaving OpenAI. This is another executive resignation following the resignation of Ilya Sutskever, co-founder and chief scientist of OpenAI, on Wednesday this week.

The partnership aims to strengthen economic ties and ensure that AI deployment is safe, secure, transparent, and trustworthy.

According to Spot on Chain monitoring, the AI wallet 0x788, ranked fourth in terms of holdings, withdrew 5.63 million AI tokens (worth $5.17 million) from Binance through the new wallet 0xc37 in the past 30 hours. It is worth noting that wallet 0x78d also received 11.25 million AI tokens from a so-called project wallet in March and April 2024, and now holds a total of 16.87 million AI tokens (worth $15.9 million).

KIP Protocol, a decentralized protocol focused on AI, has announced an official partnership with the education platform Open Campus. The two parties will explore the application of blockchain technology and artificial intelligence in the education field to simplify the dissemination of educational content and monetize digital intellectual property.The key focus of this collaboration includes creating custom AI-driven educational content using KIP Protocol, establishing AI-driven Open Campus university infrastructure, monetizing intellectual property in educational spaces, and attracting early users through AMA and joint activities to build an active community around this innovative education model. The two parties will gradually launch more product details in the coming weeks.KIP Protocol is a decentralized protocol for AI app developers, model makers, and data owners, allowing AI creators to securely transact and monetize profits in Web3. KIP Genesis NFT is about to go live, and users can currently participate in the KIP Airdrop Quest activity on Galxe and TaskOn platforms to earn points and win Free Mint qualifications.

On April 6th, Wanxiang Blockchain Chairman and HashKey Group Chairman and CEO Xiao Feng said at the 2024 Hong Kong Web3 Carnival that AI is a revolution of productivity, and blockchain is a revolution of production relations. The end of AI is computing power, and the end of blockchain is also computing power. Only when the three are combined can it be a complete topic. Blockchain, as a network that can be massively collaborated by strangers, can be used to solve the talent needs of Hong Kong's large models, allowing talents from all over the world to contribute to Hong Kong's large models.

UtilityNet, a newcomer in the AI+DePIN field, announced the launch of its node deployment function and the completion of its test network code on GitHub. UtilityNet is a decentralized digital chip network dedicated to providing powerful chip resources for the computing needs of the next generation of edge computing and AI infrastructure.

Web3’s first billion users may not only be humans, but AI agents, signalling a nascent but growing "agent economy"—an onchain economy run solely by AI agents that is turning the crypto-AI dream team into a reality.

Loneliness is a growing economy, and this Web3 game aims to introduce AI-powered digital companions to stabilize it.