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Microsoft and Aptos Labs Join Forces to Unify Web3, Artificial Intelligence

Microsoft and blockchain startup Aptos Labs have joined forces to bridge the gap between artificial intelligence (AI) and blockchain technology. The buzz about integrating Web3 and AI appears to be spreading throughout the worldwide tech industry. Web3 startups are aiming to depend on considerably more developed AI technology. The goal is to provide blockchain solutions for finance, agriculture, health, and education. Both companies will also collaborate to find new ways to solve problems.

Aptos will use Microsoft’s AI infrastructure in this relationship to curate industry solutions that combine the benefits of AI and blockchain. For the software behemoth, this collaboration could be the first step toward further Web3 study.

“By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain for innovators to develop new decentralized applications using AI,” said Rashmi Misra, General Manager, AI and Emerging Technologies, in an official statement.

Through Aptos’ ecosystem, Microsoft is interested in researching blockchain branches such as asset tokenization and Central Bank Digital Currencies (CBDCs).

Web3 developers and venture capitalists are interested in AI, as are millennials and GenZ populations in combining blockchain with artificial intelligence.

KuCoin surveyed 1,125 crypto users from around the world in May to learn how the Web3 community views AI. Over 64% of the younger respondents said they were somewhat familiar with the applications of AI in crypto and blockchain.

Aptos Labs was formed by a group of former Meta employees to launch the Aptos proof-of-stake (PoS) blockchain in October 2022. Aptos Labs had previously raised $150 million (approximately Rs. 1,200 crore) in a Series A fundraising round headed by FTX Ventures and Jump Crypto in July.

The Aptos blockchain is driven by Move, an open-source programming language created by Meta that was originally designed to serve the defunct stablecoin project Diem.

Reference: https://securebytes.io/post/microsoft-and-aptos-labs-join-forces-to-unify-web3-artificial-intelligence

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