28th August 2024 Digital Bytes

How blockchain's solution to power consumption can benefit AI - artificial intelligence's impressive capabilities come with a significant environmental cost due to high energy consumption, predominantly from fossil fuels. Blockchain, once notorious for its energy issues, presents a potential solution. The shift from proof-of-work to energy efficient proof-of-stake models in blockchain technology could help optimise AI's energy usage. But, how can AI adopt blockchain's advancements to reduce its carbon footprint? And what lessons from blockchain's energy transition can be applied to AI? The convergence of these technologies might hold the key to a sustainable future for AI.

Bankruptcies and bank failures such as Silvergate, SVB and Signature Banks, and the impact of digital money (Part 1) - bankruptcies are soaring globally, spurred by tightening monetary policy and significant bank failures. This widespread financial distress highlights growing global economic vulnerabilities. The bank…