The South Korean internet firm Naver has made significant advancements in the field of artificial intelligence (AI) robots, leveraging the power of 5G cloud technology. These AI systems are capable of performing tasks that could potentially lead to their application in crypto trading and various blockchain operations, as highlighted in a recent analysis by Nansen.
Naver’s robots, distinct from the humanoid robots of the past, operate without a conventional “brain.” These machines navigate through security barriers and elevators using a 5G network that connects to Naver’s cloud infrastructure.
Naver Touts Commercial Potential of Bots
Naver, a company known for its cloud services and e-commerce operations, utilizes its diverse business arms, including a search engine and social networking platforms, to enhance the functionality of its robots. These robots navigate using standard video cameras instead of complex navigation systems.
Seok Sang-ok, the head of Naver Labs’ research and development department, highlighted the uniqueness of their technology, stating, “Globally, there are few companies capable of delivering robot services of this quality and scale. It involves extensive and smooth collaboration across our various business units.”
The effectiveness of Naver’s robots is also attributed to the design of the buildings they operate in. Par Sang-soo from the Korea Institute for Industrial Economics and Trade noted that the success of such technology depends on the infrastructure capabilities of the countries implementing it.
Despite these considerations, Naver remains optimistic about the commercial future of its AI-driven robots. Albert Wang, a leading researcher at Naver Labs, emphasized the broad application potential of their technology: “Our portfolio is comprehensive, covering many new applications. Unlike companies focusing on single applications, we offer a range of robot systems that work in coordination.”
Nansen Predicts Boom for AI Crypto Trading
In a recent statement, US Treasury Secretary Janet Yellen raised concerns about the potential risks associated with integrating AI into financial markets. In a report published by the Financial Stability Oversight Council in mid-December, Yellen referred to AI as a potential “emerging threat” to the stability of financial systems.
Meanwhile, Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), emphasized the need for regulatory measures to mitigate the risks posed by AI in financial markets, a call he made in October.
The possibility of AI technologies, similar to those developed by Naver, playing a significant role in certain regions of the US appears to be on the horizon. A recent analysis by blockchain analytics firm Nansen suggests that AI agents are likely to become key participants in blockchain technology by 2024.
AI entities are capable of executing transactions, managing assets, and facilitating value exchange. Differentiating AI activities from human interactions can be managed using cryptographic techniques such as Merkle Trees and zero-knowledge proofs.
Implementing token-based incentives might encourage AI to operate with integrity. However, there’s a possibility that regulatory bodies like the SEC might challenge the involvement of AI in roles typically reserved for licensed entities, such as brokerage and trading services.
Source: beincrypto.com