As a seasoned analyst with a strong background in both AI and finance, I find the Coinbase AI accelerator grant program to be an exciting development that bridges two rapidly evolving fields. Having spent years observing the potential of AI systems and the transformative power of blockchain technology, I am confident that this initiative holds great promise for the future of financial transactions.
Coinbase has launched a grant program for artificial intelligence (AI) accelerators, aiming to integrate AI technology with digital wallets for cryptocurrencies.
As a seasoned tech enthusiast with years of experience in both AI and cryptocurrency, I find the proposed initiative highly intriguing. The idea of rewarding innovative projects that integrate large language models (LLMs) with crypto wallets is something I’ve been eagerly anticipating for quite some time.
As a forward-thinking analyst, I share the vision of Coinbase CEO Brad Armstrong, whereby intelligent Legal Entity Models (LLMs) integrated with cryptocurrency wallets could revolutionize economic activities. By automating financial transactions on my behalf, these systems would streamline and simplify my interactions with the financial world.
As a researcher exploring this domain, I am focused on developing a concept that expands the economic horizons of artificial intelligence (AI) by enabling it to engage in financial activities in innovative and hitherto unattainable ways, overcoming obstacles such as the lack of ability for AI to maintain traditional bank accounts.
On August 12th, Yuga Cohler, Coinbase’s engineering lead, showcased a preview of the “AI Wallets” feature on their previous platform (Twitter), illustrating its potential. The demonstration presented a situation where an artificial intelligence system compensates users for engaging in tasks aimed at enhancing an image recognition model.
In this scenario, users are given the task of selecting the top image from a set of three options. Upon task completion, an automated system transfers payment directly to their digital wallet using cryptocurrency. This use case is similar to Amazon’s Mechanical Turk, where people earn money for completing online tasks, but with an innovative twist: crypto transactions facilitated by AI technology.
The Coinbase Developer Platform has introduced a $15,000 grant program for an innovative project focused on AI-powered economic applications. This program encourages developers to create intelligent “bots” that can work in harmony with Coinbase’s Multi-Party Computation (MPC) digital wallets using Language Model Libraries (LLMs).
The program addresses a key challenge in the development of AI applications: the inability of AI agents to hold bank accounts and conduct automated financial transactions. By moving these activities on-chain, Coinbase aims to unlock new possibilities for AI in the economic landscape.
Interested developers must submit their project proposals related to AI-driven economic applications by September 5th. The aim is to explore and enhance the capabilities of such technology, ultimately leading towards autonomous AI systems capable of managing and executing financial transactions within the blockchain environment.
Read More
Sorry. No data so far.
2024-08-17 23:32