From Crypto to AI | Bitmain's Jihan Wu Shares His Plans For Global AI Dominance

in #bitcoin7 years ago

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I didn't realize how big Bitmain is until I read this bloomberg businessweek article titled "The World’s Dominant Crypto-Mining Company Wants to Own AI"

Here are the highlights:

  • Bitmain's chips currently generates 80% of the worlds cryptocurrency and booked 3.5 billion in 2017.
  • AI is a natural area to compete for any chip maker.
  • 40% of Bitmain's revenue may come from AI sector.
  • China's central government will support it becoming an AI superpower.
  • Don't bet that Bitmain will remain an underdog.

Traversing the Cryptosphere,
Krytponaut

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