Institutional Traders Shifting Attention from Blockchain to AI - BLOCKGENI

In a survey of institutional traders conducted by JP Morgan, more than half of the respondents predicted that, over the next three years, machine learning and artificial intelligence will have a greater impact on trading than blockchain and distributed ledger technology. The seventh edition of JP Morgan's e-Trading Edit report was released in January and was based on a survey of 835 institutional traders across 60 worldwide marketplaces. The objective of the annual survey of trader sentiment, which covers a variety of asset classes, is to identify "upcoming trends and the most controversial topics." The turbulent cryptocurrency bear market, along with recent consumer and business enthusiasm over approachable AI technology like ChatGPT, appears to have changed the perspective of financial industry professionals. With 25% of respondents saying they were critical to the future, blockchain and distributed ledger technologies tied for second place with AI and machine learning last year.