Artificial Intelligence (AI) and Blockchain are undoubtedly the technologies of the future. But they can also work together very well, fundamentally changing the economy and administration we know so far. Because this technology makes decisions faster and safer than any human being. So far, both technologies have hardly interacted, but that does not mean that it makes no sense. Above all, both technologies have been exploring and growing for a long time to see how they can be used in real life.

The development of foundational technologies such as Artificial Intelligence, Blockchain and the convergence with other key technologies like IoT is going to accelerate the digital transformation of industry and services. They will provide new opportunities to innovate, create new ventures and to invest in technologies and applications that will deeply change the existing business models. The support program will be critical for the successful implementation of this first EU-wide Deep Tech Investment Fund specifically focused on the development and acceleration of Artificial Intelligence, Blockchain, Distributed Ledger technologies and the Convergence of these technologies. As part of this Investment support program, the European Commission is aiming to: (i) to enhance the awareness and visibility of innovative AI and Blockchain companies and projects with financial intermediaries and the broader investment community; (ii) to carry out a series of market consultations with a broad range of stakeholders from the AI/blockchain ecosystem, Governments and private investors, (iii) to convene and to better link the investment community with innovative Blockchain/AI SME and startups (iv) support the portfolio development and originate a deal flow of technically and financially viable projects; and(v) to mobilise more investors and to facilitate cooperation schemes by contributing to the creation and optimal operation of an EU-wide Deep Tech Investment Program, with a focus on AI, Blockchain and the Convergence of technologies.

Unlike human cognition, narrow A.I. is not conscious or driven by emotion. Rather, narrow A.I. operates within a pre-determined, pre-defined range, even if it appears to be much more sophisticated than that. While these A.I.-based systems are able to communicate with users and answer questions, these machines are nowhere close to having human-like intelligence. According to Arif Khan, V.P. of Marketing at SingularityNET, centrally controlled A.I. projects led by large tech companies have resulted in the creation of narrow data sets, which could be harmful for the future of Artificial Intelligence. Let's say Facebook wants to develop A.I. algorithms.

SingularityNET combines blockchain and A.I. to create smarter, decentralized A.I. Blockchain networks that can host diverse data sets. By creating an API of API's on the blockchain, it would allow for the intercommunication of A.I. agents. As a result, diverse algorithms can be built on diverse data sets " Khan said. "Think of the blockchain as this wide horizontal layer that stretches across all different cultures, nationalities and geographies. Everyone has access to this horizontal layer and can interact with this strata of technology, which allows people to upload and work with very diverse data sets.

Business and technology are close companions; one can find the best of both the worlds almost always together. It has always been like this. From the first industrial revolution to the advent of the internet, business and technology have been reinforcing one another. And now at the dawn of the so-called the'fourth industrial revolution', we are staring at two interesting technological developments -- Artificial Intelligence and Blockchain Technology. From self-driving cars to decentralized networking, the utilities of Artificial Intelligence and Blockchain Technology have found wide-spread recognition around the world.

The Federal Trade Commission today announced the agenda for its March 9, 2017, FinTech Forum focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain. The forum, which is the third in an ongoing event series, will take place from 9:00 a.m. to approximately 12:30 p.m. Pacific Time in Berkeley, California. The event will bring together industry representatives, consumer advocates, government officials, and others with expertise regarding these technologies. The half-day forum will feature two panel discussions. The first panel will focus on the potential benefits and risks for consumers with the use of artificial intelligence, which involves the capability of machines to mimic human thinking or actions such as learning and problem solving, in consumer products or services in fields including personalized financial services.

The Federal Trade Commission today announced the agenda for its March 9, 2017, FinTech Forum focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain. The forum, which is the third in an ongoing event series, will take place from 9:00 a.m. to approximately 12:30 p.m. Pacific Time in Berkeley, California. The event will bring together industry representatives, consumer advocates, government officials, and others with expertise regarding these technologies. The half-day forum will feature two panel discussions. The first panel will focus on the potential benefits and risks for consumers with the use of artificial intelligence, which involves the capability of machines to mimic human thinking or actions such as learning and problem solving, in consumer products or services in fields including personalized financial services.