According to en.shilian.com, Google CEO Sundar Pichai unveiled Bard, Google's next-generation conversational AI system. Pichai said Bard is a new experimental conversational Google AI service powered by LaMDA that seeks to combine the breadth of world knowledge with the power, intelligence and creativity of Google's large language models. It uses information from the Web to provide up-to-date, high-quality responses and is now in public testing. 

Just two days before Google's announcement, Microsoft had put a new version of Bing with ChatGPT-4 integration online for testing, and some users had early access to the new version of Bing. During the Davos Forum in Switzerland last month, Microsoft CEO Nadella said that Microsoft is rapidly moving forward with commercializing tools for OpenAI, with plans to integrate artificial intelligence, including ChatGPT, DALL-E and other AI tools into all of Microsoft's products. These products include but are not limited to Bing search engine, Office packet containing Word, PPT, Excel, Azure cloud services, Teams chat program, etc. The new version of Bing is just the beginning.

AI Fever Burns Into the Blockchain Field

After a few months of popularity, the influence of ChatGPT, an AI tool, has not faded, but has ushered in a more heated round of discussion. With two giants, Microsoft and Google, quickly launching their own AI, it's no surprise that the buzz has come to the blockchain industry as well. In the past week, AI and big data-related crypto projects have seen tremendous growth, with the total market cap of related tokens having reached $5 billion. 

The top projects in this space include The Graph, an Ethereum indexing protocol, SingularityNET, an AI development platform, and Fetch.ai, an AI platform, all of which have seen their tokens grow by more than 100% in the past week, with SingularityNET token prices growing by more than 260%. In addition to these three projects leading the way in the AI and big data segment, artificial intelligence platform SingularityDAO, Vectorspace AI, and Artificial Liquid Intelligence all achieved more than 100% growth in a week. 

Three Hot Projects in AI+Blockchain

Three projects, The Graph, SingularityNET, and Fetch.ai, represent three different directions of combining with artificial intelligence in the blockchain field. Similar to other technologies, if we roughly divide the AI technology industry into upstream, midstream and downstream, the upstream includes the raw materials (data) necessary for AI training, the midstream includes the development of AI, and the downstream mainly covers the application of AI technology. 

The Graph

Among them, The Graph, an Ethernet indexing protocol, corresponds to the upstream of the AI industry, i.e. the data source. The project is a decentralized system that indexes blockchain data and enables efficient and fast queries from sources including Ether, IPFS, and other web3 sources. Unlike search engines like Google, The Graph is more of an indexing directory in the blockchain space, providing users primarily with data rather than the information that search engines primarily provide.

Therefore, the existence of The Graph greatly reduces the difficulty of AI training from the source and provides the foundation for AI in the blockchain domain. 

SingularityNET

SingularityNET is in the midstream of the blockchain + AI industry. It is essentially a trading platform for AI development tools, with the goal of making it easy for anyone to "create, share and monetize" AI services. Using the platform, developers can easily sell their AI tools and libraries, and enable buyers to test AI services before paying for them.

In addition, the SingularityNET team has developed an AI called Sophia, whose goal is to enable Sophia to fully understand human language, and finally to achieve the goal of “Advanced General Intelligence”.

Fetch.ai

Fetch.ai is in the downstream of the blockchain + AI industry, i.e. AI applications. The project is building an open, permissionless, decentralized machine learning network with a crypto economy. Users can use tokens to use the AI models provided by Fetch.ai and apply them to optimize specific areas such as DeFi transactions, transportation networks, smart grids, etc.

Unlike other blockchain projects in the AI space, Fetch.ai also provides machine learning models in addition to AI for helping users target training in different areas of AI. Therefore, the application area of Fetch.ai is broader, while other projects are more focused on a specific field, such as the previously mentioned SingularityDAO, Vectorspace AI, Artificial Liquid Intelligence are the AI launched for NFT, DeFi and academic research respectively. projects. 

Overall, there are still opportunities for conversational AI such as ChatGPT and similar AI launched by Microsoft and Google, and several of the aforementioned projects also overlap with hotspots in indexing, natural language processing, and general AI, which may be the next hotspots for market attention.

Conclusion

AI has been a really powerful tool that it will benefit us a lot if we use it correctly, AI technology is closely connected with blockchain technology, and we can find out that the blockchain projects combined with AI technology and big data are popular nowadays. We have reason to believe that AI technology will change blockchain sector and bring more opportunities to this industry.