In recent days, the three consecutive heavy blows have caused bitcoin prices to fall sharply again. At this time, some investors seem to be looking to another area: artificial intelligence (AI).
According to overseas media reports, the recent Bitcoin market can be described as bad news. The first crackdown came from Mt. Gox, who was once the world’s largest Bitcoin exchange but is currently bankrupt. Ms. Gox’s large-scale shipments were managed by the company, according to Mt. Gox’s The Cold Wallet monitoring website shows that about 138,000 Bitcoin remains in the Mt.Gox Wallet. The price of Bitcoin fell.
The second strike came from Nvidia. Nvidia's latest quarterly financial report for the first quarter of fiscal year 2018 showed that revenue related to mining operations reached US$289 million, but Colette Kress, Chief Financial Officer of Nvidia, said that the company expects revenue related to this business to fall by 65 in the second quarter. % To a certain extent, it also triggered the selling pressure of digital currency.
The third strike came from South Korea. According to an official from South Korea's Seoul Prosecutor's Office, South Korean prosecutors raided the office of Upbit, one of the world’s largest digital exchanges, on Thursday and Friday. It is reported that Upbit has allegedly transferred customers. Account funds go to company accounts. Upbit is in charge of Bitcoin worth about 1.6 billion U.S. dollars. It is Korea's largest and fourth largest Bitcoin exchange in the world.
The price of Bitcoin still fluctuates violently, which also brings uncertainty. At this time, some investors began to see other opportunities.
Benjamin Lau, chief investment officer of Apriem Advisors, said that Nvidia also has a bigger opportunity than mining. 'For artificial intelligence and data centers, the demand for Nvidia chips is strong, and this should drive the company's business development in the near future. " Benjamin Lau proposed that Nvidia's commercial chips for the AI sector could include healthcare, transportation and computer data centers. This is the future.
Coincidentally, in an interview with Bloomberg, Bitland’s co-founder, Wu Ji Han, revealed that the company’s Bitcoin mining business in the United States has a huge expansion plan. He also commented on the company’s position in artificial intelligence, calling it Bit Continental. Also planning to set foot in this field.
Today, AI has penetrated into various fields. Recently, Total formally announced an agreement with Google Cloud, which will jointly develop artificial intelligence technology and provide new intelligent solutions for oil natural exploration and development. This incident immediately in the global oil industry Concerned. Since Alpha Dog can surpass the Go World Championship, will Total and Google create 'Super Smart Oil Man' beyond the average oil person, will the oil industry usher in a subversion?
In fact, the accelerated rise of artificial intelligence in recent years is having a major impact on the global chip industry. Nvidia has changed from a graphics card supplier to an artificial intelligence server provider. Artificial intelligence including Google, Facebook, Microsoft and other technology giants The research leader is already using the chip products provided by Nvidia specifically for research in this field. Market analysts predict that the global artificial intelligence market will be worth about 500 billion U.S. dollars over the next 10 years.