AI-Infused Blockchain Ambient to 'Replace Bitcoin,' Says Co-Founder

Quick Summary:

Ambient raised $7.2 million in seed funding from a16z, Delphi Digital and Amber Group.

"You've got people who've invested billions of dollars in hash power for securing a network in ASICs," he told CoinDesk at this year's ethDenver conference.

Many crypto projects have attempted to fuse the two buzzy tech trends on the belief that blockchains and decentralized crowdsourcing can steer AI better toward delivering for humanity than singular, private corporations possibly could.

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Article Details

Author / Journalist: Danny Nelson

Category: Crypto

Markets: United StatesCubaNorth Korea

Topics: Finance A16z crypto Fundraising Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 16:00:04 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27486745

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Publisher ID: #8

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