Aptos Labs, a layer 1 blockchain started by former Facebook employees, is integrating Microsoft’s (NASDAQ: MSFT) artificial intelligence (AI) technology to serve users and developers.

In order to roll out new offerings that combine AI and blockchain, Aptos is utilizing Microsoft’s infrastructure. One such offering is a chatbot called Aptos Assistant, which will answer user questions about the Aptos ecosystem and provide useful resources to developers working on smart contracts and dApps. 

In addition, both companies have reached an agreement to investigate blockchain-based financial service solutions, such as the tokenization of assets, various payment methods, and central bank digital currencies (CBDC), with the goal of expanding the applications of blockchain technology, as per a press release published on August 9.

In order to further strengthen the protection of its network, Aptos will make use of Microsoft Azure to host its validator nodes.

Blockchains implementing AI

In the most recent few months, blockchains of all shapes and sizes have been racing to implement AI technology in response to the meteoric rise in popularity of applications like ChatGPT.

Since venture investors have shifted some of the attention that was previously focused on cryptocurrency businesses to artificial intelligence, the incorporation of AI has become an essential component of both funding and the pursuit of technical talent.

“Artificial Intelligence and blockchain technologies are quickly converging for one important reason: they are both generational breakthroughs that profoundly impact the evolution of the internet and shape society,” said Mo Shaikh, CEO of Aptos Labs.

The developers working behind Aptos Labs have found solutions to some of the most difficult challenges in blockchain technology at an enormous scale while maintaining a high level of security. This alliance highlights the joint commitment to decentralization that Microsoft and Aptos have made to decentralization.

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Dennis is a business and financial writer, who had spent almost his entire life independently reporting on different business ventures with major impact on the US and global economy. Dennis places a special focus on examining tech stocks, biotech stocks all while investing a great part of his early hours to researching and writing on the companies in the US markets. Dennis has 15+ years of experience in financial markets.