Coinbase Says Crypto May Provide Guardrails Against AI Excesses

The largest US digital asset exchange Coinbase Global Inc. said the intersection of artificial intelligence and crypto represents an important opportunity for entrepreneurs, including helping to prevent some of the excesses cited by critics of the technology.

“As applications within AI and blockchain mature, the disruptions these technologies represent may lead to areas of collaboration and the emergence of new use cases for crypto to help address specific societal challenges posed by AI,” David Duong, head of research at Coinbase, said in a June 1 research report.

However, crypto projects that are directly developing AI models on blockchain, applying …