VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report

VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report

A significant challenge for AI lies in its potential to compromise privacy. Artificial Intelligence (AI) systems depend on vast amounts of data, which could be exploited for identity theft or cyberbullying. There are worries about personal data being utilized to train AI models, the creation of deepfake voices or faces for fraudulent activities, and nations conducting information warfare campaigns.
But blockchain can solve this crisis. A new report suggests that blockchain can catalyze boosting trust and privacy in AI, thereby challenging tech monopolies.
Web3 and AI Fusion Emerges as Top Choice
Despite the decline in venture capital (VC) funding this year, the fusion of Web3 and Artificial Intelligence (AI) emerged as a top choice for investors in blockchain startups, capturing more than 11% of the total VC funding in the blockchain sector.
According to a report by Stan Miroshnik at TenSquared (10SQ) shared with CryptoPotato, VC investment in Web3 and AI startups surpassed $637 millio

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