AI has a ‘symbiotic relationship’ with blockchain: CEO, Animoca Brands

cointelegraph.com:

Artificial intelligence (AI) has become a hot topic in public discord both in and outside of the emerging tech industry, after an increase in popularity of OpenAI’s chatbot ChatGPT. 

At the Proof of Talk 2023 blockchain and Web3 conference in Paris, Cointelegraph sat down with Robbie Yung, the CEO of Animoca Brands to discuss the relationship between AI, blockchain and gaming.

Yung told Cointelegraph that Animoca has been involved with AI for “a long time,” both incubating AI companies and utilizing it in game development. He said for art teams, generative AI changes the game in terms of productivity and development.

AI has been particularly pervasive in the gaming industry. On May 29, Nvidia announced a new suite of AI tools called Nvidia ACE for Games. Among other capabilities, the tools use AI to give non-player characters (NPC), also known as background players, in games more character capabilities.  

The Animoca Brands CEO explained that AI integrations allow players to have a more interactive experience with the universe, as it takes on a “life of its own.” When the game is blockchain-based, AI integration becomes even more relevant. 

Yung pointed out that transactions between NPCs on a blockchain game will most likely have to use crypto for transactions. He believes:

If AI-enhanced games are able to create active and blockchain-based NPCs that are making transactions, he said it will be equivalent to having lots of employees that don’t sleep.

According to Yung, the current limitations of AI are similar to those seen in the blockchain space - cost and power. “Like everything in tech,” he said, “it will come down quickly.”

Related: Twitter suspends memecoin-linked AI bot after Elon Musk’s ‘scam crypto’ claim

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