The expert believes that artificial intelligence and mining technologies will help each other in the near future. The main reason for this will be the growing shortage of computing power and artificial intelligence chips: a third of the industry already needs new data centres.
According to the analyst, just four companies developing artificial intelligence will invest about $ 200 billion in the construction of new data centers, not to mention other smaller market players.
AI technologies need cheap electricity, and mining companies will help with this. Leon noted that an example of such cooperation can be considered the acquisition of the Core Scientific mining farm by the AI company CoreWeave for $1.6 billion, which is 55% higher than its market value.
Source: Ferra
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