Hedge fund manager Brevan Howard is exploring the convergence of artificial intelligence and blockchain technology, envisioning potential investment prospects in AI and the utilization of virtual assistants on the blockchain.

Gautam Sharma, the CEO and chief investment officer at Brevan Howard Digital, the hedge fund’s crypto division with a \(35 billion valuation, emphasized the significance of leveraging blockchain to unlock new opportunities in the market. This strategic move reflects the increasing interest in the synergy between AI and blockchain, prompting investors to allocate over \)85 million towards projects in this sector since the onset of 2024. Consequently, AI tokens have experienced a significant surge, accumulating a total market value of $20.4 billion.

During a digital-assets conference in London, Sharma highlighted a future scenario where AI assistants and agents could streamline interactions related to payments and various manual processes, both in professional and personal settings. He emphasized the pivotal role of blockchain in advancing AI capabilities, particularly in facilitating real-time transactions and interactions without the necessity of traditional bank accounts. By integrating AI functionalities with blockchain wallets, a novel and compelling use case emerges, offering innovative solutions in the digital landscape.

Brevan Howard’s digital-assets fund not only engages in cryptocurrency investments but also explores venture capital opportunities within the crypto industry. Recently, the hedge fund’s VC arm spearheaded a substantial $100 million series B funding round in Berachain, a DeFi-focused layer 1 blockchain platform. Additionally, the BH Digital Multi-Strategy Fund achieved an impressive 44% return last year, as reported by Bloomberg, underscoring the fund’s successful investment strategies in the digital market.

Sharma further emphasized the importance of AI models reliant on data, highlighting the potential of leveraging both proprietary and open-source datasets for various use cases and enrichment opportunities. This strategic approach aligns with Brevan Howard’s commitment to exploring diverse AI applications and data-driven investment avenues in the evolving digital landscape.

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