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It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."
Persons: , memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn
"Despite the seemingly smooth progress of AI development, there are underlying challenges and bottlenecks that must be addressed. His recent report points to crypto projects that are developing decentralized machine learning compute networks. Crypto projects lowering the barrier to AIThere are five main stages in the development of AI, according to the report. The two crypto projects that currently have the ability for this are gensyn and together however their blockchains are not yet live. Both of the above tasks aren't as strenuous as model training, so more crypto projects can support them.
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