Crypto Platform Match.AI Gets Funding Of IDR 601 Billion

The AI match has cost hundreds of billions of funding. (Photo; Doc. Match.ai)

JAKARTA - Match.AI, a crypto protocol focused on Artificial Intelligence (AI), recently raised a $40 million investment from DWF Labs, an investment firm and market maker. According to a report published in CoinDesk on March 29, this investment will be used to enable greater AI integration on the Match.AI platform.

"Platform Match.ai provides comprehensive solutions to build and implement peer-to-peer applications with AI automation and capabilities," said Andrei Grachev, of Match.AI, said Andrei Grachev, of Match AI, quoted from CryptoSlate.

Match.AI joins several other AI cryptocurrencies such as SingularityNET (AGIX), Graph (GRT), Ocean Protocol (OCEAN), and RLC, all of which advertise the ability to integrate with AI as part of the basic principles of its establishment. According to CryptoSlate data, the current total market capitalization of the crypto AI sector is 3.64 billion US dollars (equivalent to IDR 54.7 trillion), down 233 million US dollars (IDR 3.5 trillion) since February.

In addition to investing in certain AI crypto sectors, there is also a new technology aimed at helping investors through AI-backed trading bots. One such company, PulseFolio, leverages machine learning algorithms and historical market data to formulate customized trading strategies for users based on risk tolerance and their asset goals.

However, concerns about AI's negative impact continue to grow. On March 29, Elon Musk and several other experts signed an open letter calling for a six-month "moratorium" for advanced language models, including OpenAI's GPT-4 Chat. They argue that more time should be given to study its impact on areas such as medicine, law, accounting, and even investment.

Goldman Sachs predicts that by 2033, AI will add 1.5 percent to global GDP and become market cap of US$7 trillion (around Rp105.3 quadrillion). In response to this, Goldman Sachs said, "AI is considered the next major change in technology after the evolution of the internet, mobile and cloud [...] Generative AI tools have a broad impact on various industries, ranging from the company's software to health care, financial services, and more."

With so much innovation and potential in the AI sector, it remains important to consider the possible impacts and how this technology can be used positively for humans and the environment around us.