Artificial intelligence out-buzzes the blockchain - Reuters

Jan 27, 2023 ·

The article focuses on how artificial intelligence (AI) has emerged as the latest technology trend in 2023, while blockchain has begun to fade from the public spotlight. It highlights how AI's potential to revolutionize a wide range of industries is driving investment and research into AI-based solutions. It further notes that AI is able to automate tasks, reduce costs, and increase efficiency, making it attractive to businesses. Additionally, AI can also be used to improve customer experience and create new products and services.

The article then compares the current state of blockchain technology to AI. It mentions that while blockchain is secure and efficient, its application is limited at present. As a result, the amount of investment in the sector has decreased compared with AI. The article goes on to explain that AI has already had a huge impact on various industries, from healthcare to finance. For instance, AI can help healthcare professionals diagnose diseases more accurately and quickly, reducing the time spent on diagnoses. AI can also help financial institutions detect fraud more quickly and accurately, reduce the amount of paperwork involved, and increase operational efficiency.

In conclusion, the article argues that AI is far outstripping blockchain in terms of investment and innovation. While blockchain has some advantages over AI, its current application appears to be limited, making it less attractive for businesses. On the other hand, AI is accelerating progress in fields such as healthcare and finance, which suggests that AI will continue to be the top technology trend in the coming years.