Ex-DeepMind pioneers launch startup to revolutionise digital economy Business Weekly Technology News Business news

An AI startup including original pioneers from DeepMind – the generalised artificial intelligence company acquired by Google for around $500 million – has roared out of stealth with a pledge to revolutionise the digital economy. Its starting premise is that today's digital economy is disconnected, with assets such as hotel rooms and cars drastically under-utilised and systems such as transport and energy networks poorly optimised. The underlying'smart ledger' contains several world first innovations including built-in AI, a new Useful Proof of Work consensus mechanism and a unique data structure that combines blockchain and Directed Acyclic Graph architecture to achieve the performance and scalability necessary to support millions of agents transacting together. CTO Toby Simpson explains: "Autonomous Economic Agents are set to revolutionise commerce. They're digital entities that can transact independently of human intervention and can represent people, machines or themselves. "Imagine a world that connects anything to anything and everything to everything, where data, services and information get up on their own two feet and deliver themselves with incredible precision.