Four AI labs raised $31.4B: why agents need crypto rails
Quote179 words
OpenAI, Anthropic, xAI and Databricks have raised $31.4B combined. Argues the resulting agent economy needs the permissionless, deterministic infrastructure that crypto provides.
Key claims
OpenAI, Anthropic, xAI and Databricks have raised $31.4B in total
Just four of the leading AI companies, have in total raised $31.4B.
These companies are:
☞ @OpenAI (backed by Microsoft)
☞ @AnthropicAI (backed by Amazon & Google)
☞ @xAI (owned by @elonmusk)
☞ @databricks (backed by Amazon & Microsoft)
The race towards the most advanced LLMs, autonomous AI agents and ultimately AGI is real and big money is being spent on it.
What few understand is that the programmable, economic APIs that crypto provides will be the permissionless and deterministic environment that these agents need to unleash their full potential.
Agents, ultimately powered by AGI, will take automation and replacement of human work by code to the next level, a paradigm pioneered by Web3 and smart contracts.
These technologies are inherently intertwined and considering the amount of resources that is being spent in the AI space, the exponential growth of the industry will continue for the forseeable future.
This will spill over into crypto once people understand the role that the infrastructure we have been building here for over a decade will play in an AI-centric future.
DYOR anon.
QUOTING @zerokn0wledge_
The past weeks and months, I went deep down the Crypto x AI rabbit hole. In the days and weeks to come, I will share significant amounts of educational alpha. NFA, but recommend to pay attention. 👇 I strongly believe that the two technologies are inherently intertwined and tha
The past weeks and months, I went deep down the Crypto x AI rabbit hole. In the days and weeks to come, I will share significant amounts of educational alpha. NFA, but recommend to pay attention. 👇 I strongly believe that the two technologies are inherently intertwined and tha
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What came next · since 21 Aug 2024
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Zero has written 3 more pieces on OpenAI since this one.