Bitcoin Invest In The Field Of Artificial Intelligence, Hoping To Develop Bitcoin Ai Chips.

According to foreign media reports, China's ASIC chip maker Bitmain, which has previously sold 80% of the world's mining industry, is now considering entering a challenging field of artificial intelligence, hoping to develop a bitcoin AI chip.
Wu Jihan, chief executive officer of Bitmain, said that the company was "lucky" because its ASIC sales revenue was huge. Now, mining equipment manufacturers are seeking to expand in other directions.

This is not the first time Bitmain has entered the AI market. In October 2017, the rig manufacturer released Sophon BM1680, a deep learning accelerator connected to a computer system for neural network training and reasoning. Compared with graphics rendering and processing, it is more like GPU for deep learning.

At present, Google has established a Tensor Processing Unit in the field of artificial intelligence, a deep learning ASIC that can handle a large number of image data and identify the words in it. Similarly, TPU is only available to customers of Google cloud services, which are blocked in China. In this regard, Bitmain has significant advantages and has enough space to grow into a global competitor.

Bitmain has a reputation for chip manufacturing, and Wu made a decision when considering the company's business model. He first considered making it an encrypted currency exchange, but later realized that he gave up the idea in view of China's regulatory environment and possible actions by other local governments.

"The only good way to do this is bitcoin mining because it's 100% legal," he said.

For Bitmain, except for bitcoin, almost all other encryption currencies have exerted great pressure on ASIC's business. Some development teams even turned "ASIC resistance" into a marketing term.

Since the ASIC giant has experience in dealing with such applications, Bitmain may play an important role in artificial intelligence and become one of the limited but very promising companies.