Artificial intelligence is transforming energy systems by making them more intelligent and efficient, while blockchain technology brings fairness and transparency to the sector. Consequently, the convergence of AI and blockchain is crucial in democratizing energy usage and speeding up the worldwide shift toward sustainable, decentralized power networks. Blockchain technology facilitates peer-to-peer energy trading, enabling consumers to buy and sell energy directly, while AI assists users in understanding and optimizing their energy consumption. According to Bill Tai (pictured), co-founder and chairman of ACTAI Global, these advanced technologies hold significant potential to foster innovation, competitiveness, and sustainability throughout the energy industry. Tai explained, “Blockchain and AI together, along with crypto as the transaction layer. I have invested in a company called Powerledger, which offers a decentralized, peer-to-peer energy trading platform. Such a system could manage peer-to-peer billing by identifying sources and drains of energy, allowing contractual sales through blockchain as the backbone, crypto for payments, and AI integrated internally. If an energy large language model (LLM) were embedded within every electricity company, automatic load balancing systems could become a reality. ” Tai shared these insights during an interview with John Furrier of theCUBE at the Cerebras Supernova event, broadcast exclusively on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed how the merging of AI and blockchain is revolutionizing the energy sector.

(* Disclosure below. ) The influence of AI-blockchain convergence on the energy sector As a nonprofit, ACTAI Global confronts energy issues by encouraging innovation, entrepreneurship, and community involvement in clean energy and sustainability. Therefore, according to Tai, the synergy of AI and blockchain advances this mission by improving efficiency, transparency, and sustainability within energy systems. Tai stated, “ACTAI Global — standing for athletes, conservationists, technologists, artists, and innovators — organizes events worldwide that bring together people from these varied disciplines. I have funded numerous companies and progressed from chips to communications equipment, even founding a data center company in the ’90s during the internet expansion. Now we find ourselves at a pivotal point where AI, blockchain, and an impending energy shortage converge. ” Hut 8 Corp. is currently shifting from being solely a bitcoin mining firm to becoming a vertically integrated energy infrastructure and digital computing platform, a strategic move aimed at addressing energy challenges, Tai highlighted. He noted, “Eric Schmidt recently testified before Congress, estimating that data centers currently consume 3% of America’s energy but will require 97% by 2027. To support this, 27 gigawatts of energy are needed—equivalent to 27 nuclear power plants within two years—and an additional 63 over the following three years. Hut 8 Mining, originally a division of Bitfury, is now transitioning into an energy infrastructure company. ” Below is the full video interview, part of SiliconANGLE’s and theCUBE’s coverage of the Cerebras Supernova event: Photo: SiliconANGLE