How blockchain's solution to power consumption can benefit AI

Artificial intelligence's (AI) phenomenal capabilities come at a hidden cost: the immense energy drain required to train and run complex algorithms that power AI. This reliance on traditional energy sources (often fossil fuels) raises serious environmental concerns and, not too long ago, some blockchain use cases had similar issues. For a while, this was the Achilles heel of blockchain-powered assets: their enormous energy consumption. However, blockchain technology presents a potential solution because, whilst the traditional proof-of-work model used by some blockchains is energy-intensive, advancements such as proof-of-stake offer a glimmer of hope. And so, by optimising energy use within AI processes, this shift in blockchain technology could pave the way for a more sustainable future for AI. Of note, a recent article by Brian Calvert raises a concerning issue, i.e., the exploding energy consumption of AI. Citing a report from the International Energy Agency (IEA), Calvert highligh…