PANews reported on December 8 that according to The Block, at a panel discussion at The Block's Emergence conference in Prague, two well-known cryptocurrency venture capitalists expressed doubts about projects built at the intersection of cryptocurrency and artificial intelligence. Dragonfly general partner Rob Hadick emphasized that investing in projects based on artificial intelligence agents is a particularly risky area for venture capitalists, and he believes that "almost everyone will lose a lot of money." He compared the hype to the enthusiasm for crypto gaming projects in 2021.
“AI is a massive software technology revolution,” said David Pakman, managing director of CoinFund. “We’re building a lot of software on Web3, and we should benefit from the use of AI in a range of different decentralized applications, both in terms of infrastructure, security, and the way user applications behave.” However, when it comes to challenging the few large centralized players in the AI space (from OpenAI to Anthropic, from Microsoft to Facebook), the two venture capital firms generally believe that decentralized AI systems are unlikely to surpass those centralized players in this cycle.
