Analyst Predicts AI, Crypto Could Inject $20 Trillion Into The Global Economy By 2030
Portfolio Pulse from Benzinga Neuro
Analyst Juan Leon from Bitwise predicts that AI and cryptocurrency could contribute $20 trillion to the global economy by 2030. Major cloud companies like Amazon, Google, Meta, and Microsoft are expected to spend $200 billion on data centers by 2025 to meet AI demand. Bitcoin miners are stepping in to fill the data processing gap, with CoreWeave offering to acquire Core Scientific for $1.6 billion.
June 12, 2024 | 2:52 pm
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Amazon is expected to spend significantly on data centers to meet AI demand, which could drive revenue growth.
Amazon's planned investment in data centers to support AI demand is likely to drive revenue growth, given the increasing reliance on AI technologies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitcoin miners are stepping in to fill the data processing gap created by the AI boom, potentially increasing the demand and value of Bitcoin.
The involvement of Bitcoin miners in filling the data processing gap created by the AI boom could increase the demand and value of Bitcoin.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Core Scientific, a bitcoin miner, is being acquired by AI cloud provider CoreWeave for $1.6 billion, indicating a strategic move to integrate AI and crypto.
The acquisition of Core Scientific by CoreWeave for $1.6 billion indicates a strategic move to integrate AI and crypto, which could enhance Core Scientific's capabilities and market position.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Google's significant investment in data centers to support AI demand could enhance its cloud services and drive revenue growth.
Google's planned investment in data centers to support AI demand is likely to enhance its cloud services and drive revenue growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Meta's investment in data centers to meet AI demand could drive growth in its AI and cloud services.
Meta's planned investment in data centers to support AI demand is likely to drive growth in its AI and cloud services.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's significant investment in data centers to support AI demand could enhance its cloud services and drive revenue growth.
Microsoft's planned investment in data centers to support AI demand is likely to enhance its cloud services and drive revenue growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80