Internet Computer Bets Big on AI as Crypto Markets Play Catch-Up

The Internet Computer (ICP), a blockchain project that has sought to differentiate itself from rivals, is doubling down on its pitch as the go-to network for on-chain artificial intelligence (AI). This could be the beginning of a new tech stack - one in which AI, not humans, becomes the primary developer of applications, according to Dominic Williams, founder of Internet Computer developer Dfinity. Williams argued that while crypto prices remain driven largely by market mechanics - treasury operations, liquidity games and speculation - the underlying technology will eventually force a reckoning in an interview with CoinDesk. “In the long run, markets begin to reflect realities on the ground,” he said. “But as yet you’re not seeing what’s happening with Internet Computer reflected in ICP’s price.” RUNNING AI ON-CHAIN The Internet Computer first demonstrated neural networks running as smart contracts in April last year, starting with image classification and later facial recognition, Williams said. While those were relatively simple models compared to large language models - the kind that power AI tools like ChatGPT and Gemini - they were proof of…