If you want to secure your financial future in the next decade, there are two words you need to understand: artificial intelligence (AI).
This isn’t just the new tech du jour or a fleeting Silicon Valley invention. It’s the dot come boom all over again, and just like the internet in the 90s, AI is set to disrupt the workforce in ways that we can’t even fully predict. The World Economic Forum (WEF) estimates AI will replace 14 million jobs in the next five years alone. If you believe your job is safe, consider this: if you can teach someone else to do your job, AI can learn it too, and it’ll outperform you at a fraction of the cost.
But here’s the silver lining: the same AI that threatens to replace one in five salaries also presents an opportunity to amass life-changing wealth. If you play your cards right, you won’t even need one by the time AI comes for your job.
So, how do you tap into this goldmine? The answer lies in blockchain. Here’s why…
AI operates like a brain, learning by recognizing patterns to predict behavior. The more data it has, the more patterns it can recognize, leading to more accurate predictions and decisions. This is particularly true for complex tasks like predicting stock market trends, diagnosing diseases, or driving autonomous cars – tasks that AI is already performing.
However, unlike a brain, AI doesn’t have an unlimited capacity for knowledge. It needs a place to store all that data, and we’re not talking about a few gigabytes. We’re talking about petabytes, exabytes, and even zettabytes – quantities that traditional databases can’t handle securely.
Blockchain is a decentralized, secure, and transparent way of storing and transferring data. It’s like a giant, global spreadsheet that’s updated in real-time and accessible to anyone. This is invaluable to AI for three reasons: security, transparency, and accessibility.
Security is paramount when dealing with data. Blockchain’s decentralized nature means there’s no central point of failure, making it incredibly difficult for hackers to compromise the data. In the world of AI, where data is the new oil, this level of security is a game-changer.
Transparency is crucial for trust. With blockchain, every transaction is recorded and visible to everyone. This ensures the authenticity and reliability of the data used by AI.
Accessibility democratizes data, making it available to AI systems worldwide, thereby accelerating their learning and development.
Blockchain will house the library of data that AI needs to improve. By investing in blockchain technologies that support AI, we’re not just investing in technology; we’re investing in the future of intelligence, decision-making, and automation.
Consider Filecoin (FIL), the big data blockchain we discussed yesterday. This project is creating a decentralized marketplace for data storage and retrieval, a critical component for AI development. As AI grows in use, utility, and widespread adoption (sound familiar?), the demand for services like Filecoin will skyrocket, and early investors will make a fortune.
But it’s not just about picking the right projects. It’s about understanding the broader trends at play. The world is becoming increasingly digitized. Data is the new oil. And AI is the engine that’s going to drive the future economy. By investing in the intersection of AI and blockchain, you’re positioning yourself at the forefront of this revolution.
Chief Digital Asset Strategist, American Institute for Crypto Investors