Internet Computer Focuses on AI Integration Amidst Lagging ICP Token Performance
The Internet Computer (ICP) aims to become the leading on-chain network for artificial intelligence (AI), potentially creating a tech stack where AI develops applications instead of humans, according to Dfinity founder Dominic Williams.
Key Developments
- ICP demonstrated neural networks as smart contracts, starting with image classification and facial recognition, proving that AI can run natively on a blockchain.
- Unlike other networks needing off-chain infrastructure, ICP integrates the AI development and execution stack entirely on-chain, described by Williams as a "self-writing internet."
- AI could replace traditional developer roles, creating applications instantly and ensuring their resilience through blockchain-based guarantees.
- Features like "reverse gas" allow developers to cover computational costs, eliminating user transaction fees and traditional infrastructure challenges.
- Early hackathons showed ordinary users developing diverse applications using AI on ICP, suggesting potential widespread adoption across various sectors.
Market Impact
- The ICP token has not yet seen sustained price growth, despite technological advancements and initial rallies following AI integration announcements.
- Williams anticipates markets will soon recognize and value these developments, highlighting Web3's potential to surpass Web2 without relying on token incentives.