Last week, Nvidia made several significant announcements that had a major impact on altcoins focused on artificial intelligence. The company’s GTC 2024 event featured panels discussing various topics including products, partnerships, future visions, and current evaluations. One of the notable participants at the event was Near Coin, whose latest blog post contains important details.
Nvidia, the world’s third-largest company with a market value of $2.3 trillion, dedicated a segment of the event to cryptocurrency. Illia Polosukhin, co-founder of NEAR Protocol, was among the speakers and delved into subjects such as the development of artificial intelligence models and the role of blockchain in this field.
During the Transforming AI panel, Nvidia’s CEO and co-founder, Jensen Huang, discussed the digital economy and programmable money. Illia focused on the challenges and opportunities that arise from the convergence of artificial intelligence and blockchain. He highlighted the potential of decentralized open networks in this panel.
One of the NEAR Coin officials explained their Web3 goals within the context of artificial intelligence and cryptocurrency at the event. The CEO of Nvidia, Jensen Huang, expressed his admiration for NEAR by stating that “NEAR is very cool.” Illia Polosukhin echoed this sentiment and emphasized the role of the NEAR protocol in bridging the gap between the open web, programmable money, and artificial intelligence.
While artificial intelligence and Web3 hold great promise for collaborative growth, their practicality and applicability still need to be experienced and observed.
Disclaimer: The information provided in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.