Google Cloud Aims to Bridge the Gap Between AI and Web3
The mainstream push for artificial intelligence has led many investors to shift their focus away from cryptocurrency and invest in generative AI startups. However, Google Cloud’s Engineering Director of Web3, James Tromans, believes that the future lies in combining AI with Web3 and digital ownership. He sees Web3 as a way to ensure data provenance, immutability, security, and traceability. Tromans emphasizes that the main value of Web3 lies in solving business outcomes rather than speculating on token value. Google Cloud has taken steps into Web3, including becoming a transaction validator on several blockchains. Tromans is optimistic about blockchain’s ability to solve economic problems but remains skeptical of applications that don’t require Web3 tools.
Key Points:
- Google Cloud aims to bridge the gap between AI and Web3
- Web3 is about owning your data and having more choice in what to do with it
- Web3 ensures data provenance, immutability, security, and traceability
- Main value of Web3 lies in solving business outcomes, not token speculation
- Google Cloud has taken steps into Web3, including becoming a transaction validator
Hot Take:
Google Cloud’s foray into Web3 shows its recognition of the technology’s potential and its commitment to meeting the needs of Web3 natives. While some in the crypto community may be skeptical of hosting Web3 projects on “legacy” platforms like Google Cloud, Tromans argues that the access to Google’s fiber network actually contributes to decentralization. He emphasizes the importance of ubiquitously and equitably adopting Web3 technologies to ensure that everyone can benefit from them. In conclusion, Google Cloud’s efforts to bridge the gap between AI and Web3 demonstrate its commitment to driving innovation and embracing the future of digital ownership.
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