Hoskinson Warns: Crypto Set to Disrupt AI Infrastructure

Charles Hoskinson, founder of Cardano, recently expressed concerns about the AI data center spending spree. He believes this trend is heading for a bust and thinks the crypto industry could do to AI what it once did to cryptography.

Hoskinson made these comments on the Deeptech Insights podcast on September 16th. According to him, blockchains can provide payment rails, data ownership, provenance, and distributed computing for AI infrastructure.

He thinks that as the current AI infrastructure boom hits economic limits, crypto and DeFi will see greater adoption. The current market capitalization of cryptocurrencies is $2.74T with a 24-hour spot volume of $38.47B, representing an increase of 1.76% and 8.80%, respectively.

Hoskinson's prediction echoes the sentiment that blockchain technology can offer more efficient solutions for AI infrastructure. He argues that the current data center boom may eventually go dark due to its unsustainable nature.