To demonstrate the traction of Bitcoin (BTC) and AI, Srinivasan shared two charts. The first one demonstrates the opportunities of OpenAI’s flagship models to solve various tasks. It is measured by Abstraction and Reasoning Corpus for Artificial General Intelligence (ARC-AGI) benchmarks.
Yesterday, Dec. 20, 2024, OpenAI’s much-anticipated o3 model set a new record, hitting 87.5% on ARC-AGI public data set. As demonstrated by Balaji Srinivasan, this is a 10x more powerful result compared to GPT-4o, the strongest of ChatGPT’s mainstream models today.
In turn, GPT-4o performs 500% better than GPT-3, the model that kickstarted the AI euphoria in 2023.
The second chart by Balaji Srinivasan showcases the dynamics of USD-denominated AUM of BlackRock (NYSE:BLK) iShares ETFs on Gold and spot Bitcoin. Launched less than one year ago, BlackRock’s Bitcoin spot ETFs exceeded their Gold-based predecessors by almost 73%.
Bitcoin spot ETFs in the U.S. were approved Jan. 11, 2024. In total, they amassed $113 billion in AUM across 21 products.
Commenting on Balaji Srinivasan’s estimations, tech veteran and former Phunware CEO Alan Knitowski noticed that Bitcoin (BTC) might surpass the internet in adoption impetus.
While Bitcoin (BTC) might already be growing faster than the internet, its adoption is near 1999 levels for Global Web, Knitowski’s chart says.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
