The meteoric rise of AI in the past year has captured the world’s attention. With hundreds of millions of users flocking to tools like ChatGPT and the deluge of other AI-powered applications, investors and startups have quickly shifted their focus, directing significant investments toward AI projects. This surge of interest hasn’t just been limited to Big Tech, it has also sparked curiosity in the world of decentralized finance. Notable crypto and blockchain focused investors, such as Framework Ventures and Peter Thiel’s Founders Fund, are now championing a new wave of “crypto + AI” projects like Sentient or Space & Time. While much of these new cross-industry startups have centered around using crypto to challenge AI tech incumbents, we’ve yet to see more traditional financial institutions thinking about how the combination of AI and blockchains might play a role in their technology stack, that is until last month. Recently, the team behind the major oracle protocol, Chainlink, released a report unveiling that they have been working on an initiative that combines AI, oracles, and blockchain technology to address the lack of real-time and standardized data around corporate actions. The companies involved in the project are a who’s who of global financial market infrastructure (FMI) providers including Swift – the world’s largest inter-bank messaging platform and Euroclear – a global clearing and settlement firm, along with investment management companies such as Franklin Templeton and Wellington Management, and major banks, including UBS, CACEIS, Vontobel, and Sygnum Bank.

Full report : Big Financial Institutions Solve A $3.1 Trillion Problem With AI And Blockchain.