In today's financial landscape, Artificial Intelligence (AI) and Decentralized Finance (DeFi) are merging to create a transformative impact, challenging traditional finance systems. This AI-DeFi synergy is introducing innovative ways to compute interest and facilitate financial transactions, a shift Wall Street hadn't anticipated. In Dubai, a hub for digital transformation and financial innovation, the regulatory framework supports an environment where AI and blockchain companies thrive. During a visit to Dubai for Domain Days, insights from Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center, highlighted Dubai's unique position as both an AI accelerator and DeFi incubator, which is actively shaping the future of finance. As AI becomes integral in financial tech, with its market projected to grow from USD 9. 6 billion in 2022 to USD 39. 1 billion by 2032, its adoption is becoming widespread. Similarly, the DeFi sector saw a notable rise, with its total value locked reaching over $200 billion in 2022.
This adoption indicates a shift towards integrating AI with crypto to enhance security and usability, positioning crypto as a mainstream option. In the U. S. , crypto serves as the foundation for DeFi activities, including lending and borrowing, and merges with AI to offer advanced financial tools. However, challenges like financial inequality and accountability in automated AI-driven systems are emerging, highlighted by events such as the 2023 flash crash involving AI bots on the Binance market. Key players in the AI-DeFi intersection include Numerai, which uses AI for investment predictions; Alethea AI, known for smart financial contracts; Fetch. ai, which automates financial transactions; SingularityDAO, optimizing DeFi portfolios; and Autonio Foundation, democratizing algorithmic trading. While AI's integration with blockchain offers benefits, some argue AI could thrive without it, questioning the necessity of blockchain’s decentralization. Despite the promising advancements, the integration of AI in DeFi requires careful management of risks, as seen in past incidents. As these technologies evolve, there is a need for regulators and innovators to work together to mitigate risks and ensure that the benefits are distributed equitably. The future of finance is set to be automated, inclusive, and highly innovative, driven by AI’s transformative capabilities.
AI and DeFi: Transforming the Future of Finance in Dubai and Beyond
British advertising giant WPP is launching WPP Open Pro, a self-serve, AI-driven marketing platform that allows marketers to independently build campaigns, create creative assets, and activate them with AI assistance.
Law enforcement agencies and security firms worldwide are increasingly implementing advanced Artificial Intelligence (AI) video surveillance systems to improve the monitoring of public spaces.
In an era where technology is transforming content creation and social media management, Hallakate introduces new training tailored to this modern landscape: AI SMM.
Oracle has introduced advanced AI agents within its Fusion Cloud Sales platform to revolutionize the sales process by enhancing efficiency and enabling sales teams to concentrate on building meaningful customer relationships.
Digital Silk, a prominent digital marketing agency in the United States specializing in web development and SEO strategy, has announced a thorough review of the recent changes Google has introduced regarding AI-generated content overviews.
OpenAI has recently completed a remarkable $6.6 billion share sale, boosting the company’s valuation to an extraordinary $500 billion.
Scrolling through the Sora app feels like entering a surreal multiverse where absurd and hyperreal short videos abound: Michael Jackson performing standup, the Predator alien flipping burgers, a moose crashing through a glass door, and Queen Elizabeth diving off a pub table.
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Create your own avatar to work for you — completely free of charge!
Sign up with
Google
We've sent a confirmation email to
Please check your inbox and click the link to complete your registration
Didn’t receive it? Check your Spam or Promotions folder
and get clients without any advertising investment!
Create and publish viral social media content on autopilot
AI sales managers work 24/7, with no need for sleep, food, or breaks, and speak all languages.
You have unsubscribed from the mailing list recklessly but successfully.
We are not saying goodbye and look forward to seeing you again.