DeFi News Today TheBitTimes.com

According to an analysis from Moody's Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe. Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6.  According to the authors, the combined impact of AI and distributed ledger technologies (DLTs), such as blockchain , has effects "far beyond corporate balance sheets," and "will likely reshape entire sector s, leading established industries "to shrink or disappear altogether while creating new market s from scratch ." The report notes: "History has shown that transformative technologies can shrink established sectors shrink or wipe them out entirely [...] AI will drive the emergence of new sectors, possibly in content generation, mobility, edu...

The company also announced a partnership with artificial intelligence company SingularityNET. Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the U.S., U.K., Australia, Canada, and Tanzania on August 22.  The launch comes on the heels of a series of beta tests conducted in numerous markets typically considered underserved when it comes to mobile connectivity and availability including Kenya, Mozambique and Nigeria. The World Mobile app is also currently available in Zanzibar. According to World Mobile, its DeWi services are meant to bridge the gap between major telecoms and those in underserved markets. It does so by providing some connectivity services and through the promotion of a blockchain-based sharing system it supports through a proprietary token, WMT, and the inclusion of other Cardano-based tokens. As Cointelegraph recently reported, World Mobile uses a combination of existing infrastructure and alterna...

Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation. Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” Identity crisis. The chief executive explained at the firm’s fourth-quarter conference call on March 28 that the U.S. government has it “completely upside-down” in choosing to focus so much on crypto regulation and yet turn a blind eye to AI: “When I think about AI, it shocks me that we’re talking so much about crypto regulation and nothing about AI regulation. I mean, I think the government’s got it completely upside-down.” This concern appeared to stem from Novogratz’s fear that AI will trigger a “deep fake” Identity crisis. “In lots of ways, one of the best use cases for crypto is going to be identity around AI,...