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ChatGPT and trading bots are on the rise, but can you trust their recommendations? Laurence Moroney, AI Lead at Google, discusses the intersection of AI and web3 in an exclusive interview with crypto.news. Artificial intelligence (AI) and blockchain technologies are advancing rapidly. With the increased accessibility of AI, the risk of misinformation has grown, as tools like ChatGPT enable everyone to generate large volumes of misleading content. Experts suggest that blockchain has the potential to address this issue. Web3 could provide a secure and verified identity system, ensuring the accuracy and reliability of information in the AI era. Crypto.news talked with Laurence Moroney, AI Lead at Google, during the SmartCon conference by Chainlink in Barcelona about this and other topics. We explored the synergy between web3 and AI, why you should not rely on ChatGPT and trading bots, and whether AI could really threaten humanity. You might also like: AI won’t realize its pot...

AI could prove to be a boon for investors looking for gains in today's “unusual” market. Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force ” that could create significant returns for investors in today’s “unusual” market. In its mid-year outlook report, the BlackRock Investment Institute detailed their thesis for increased investment in AI — pointing to multiple “disruptive” themes that could see the sector grow rapidly over the coming years. S&P market cap vs relative performance from 1990. Source: BlackRock. The report drew special attention to the fact that gains in the S&P 500 — the index that tracks the 500 largest companies in the United States — have become increasingly concentrated in a handful of tech stocks. The firm says investment in AI is a good way to capitalize on this concentration. "We think this unusual equity market shows a mega force like AI can be a big driver of retur...

The Choice of Atriv Flare is gaining traction in the digital currency ecosystem as a protocol that is embracing diversity in a unique way. Atriv is an AI-powered digital arts outfit that will bring a no-code prompt-generating NFT platform to the Flare network, making art creation and tokenization more accessible. advertisement The generation of blockch AI n protocols making their way into the industry today are notably focused on offering Real World Utility and the Atriv solution appeals mostly to an industry that needs it the most. Besides simplifying the process of NFT issuance, Atriv is also suitable for artists, businesses and collectors across the board . The integration between Flare Networks and Atriv is a mutually beneficial one that will see a trove of expert artists make their way to the Flare ecosystem while the AI-powered outfit will gain access to highly functional data to help boost productivity across the board. The NFT space rem AI ns on...

"Explain This Bob," the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk alleged it was a "scam." Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a scam crypto account. If so, it will be suspended. — Elon Musk (@elonmusk) June 18, 2023 The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu Biswal from India and used OpenAI’s GPT-4 model to comprehend and provide responses to tweets by those who tagged the account. The project was also linked to the ERC-20 memecoin Bob Token (BOB) that was launched in April 2023. The suspension sent the price of BOB down over 30% accordin...