I didn't realize how big Bitmain is until I read this bloomberg businessweek article titled "The World’s Dominant Crypto-Mining Company Wants to Own AI"
Here are the highlights:
- Bitmain's chips currently generates 80% of the worlds cryptocurrency and booked 3.5 billion in 2017.
- AI is a natural area to compete for any chip maker.
- 40% of Bitmain's revenue may come from AI sector.
- China's central government will support it becoming an AI superpower.
- Don't bet that Bitmain will remain an underdog.
Traversing the Cryptosphere,
Krytponaut
