Combining AI and DeFi could benefit both industries if certain challenges are first overcome.
Artificial intelligence (AI) and decentralized finance (DeFi) have been marketed as technologies that could change the world, and according to experts, combining the two would likely create unparalleled opportunities in both industries.
DeFi is financial services built on blockchain tech that primarily involves peer-to-peer transactions using smart contracts, removing intermediaries such as banks and giving individuals direct control over financial assets.
AI, on the other hand, is a technology that can simulate human intelligence and perform tasks such as decision-making, problem-solving and data analysis at high speeds.