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 HIVE Blockchain, a publicly traded bitcoin mining firm, switched to AI and cloud computing. HIVE is also launching its GPU rental and cloud computing service. 
 <a href="https://crypto.news/chatgpt-picks-tradecurve-aave-and-sui-for-investors-to-explore/" rel="noopener noreferrer nofollow">AI</a> boom continues to gain momentum. Many sectors of the global economy and even governments are <a href="https://crypto.news/uae-government-launch-national-blockchain-technology-and-artificial-intelligence-initiatives/" rel="noopener noreferrer nofollow">integrating</a> it into their processes. 
 HIVE Blockchain, a Canada-based publicly listed bitcoin (<a href="https://crypto.news/bitcoin-price/" rel="noopener noreferrer nofollow">BTC</a>) mining firm, is repositioning itself to take advantage of the rapidly evolving technology. 
 You might also like: <a href=" https://crypto.news/artificial-intelligence-ai-changer-decentralized-applications-dapps/" rel="noopener noreferrer nofollow"> Why artificial intelligence could be a game changer in building decentralized applications (AI) </a> 
 According to a July 12 <a href="https://hivedigitaltechnologies.com/news/hive-digital-technologies-debuts-new-name-and-strategic-expansion-to-power-the-future-of-artificial-intelligence-with-our-nvidia-gpu-cards/" data-type="URL" data-id="https://hivedigitaltechnologies.com/news/hive-digital-technologies-debuts-new-name-and-strategic-expansion-to-power-the-future-of-artificial-intelligence-with-our-nvidia-gpu-cards/" target="_blank" rel="noopener noreferrer nofollow">blog post</a>, HIVE Blockchain has changed its name to HIVE Digital Technologies Ltd. to reflect its expansion push into the AI sector. 
 The team plans to leverage its array of sophisticated 38,000 Nvidia Graphics Processing Unit (GPU) fleet. It will explore revenue opportunities in cloud computing and artificial intelligence solutions like <a href="https://crypto.news/exploring-tools-like-chatgpt-in-crypto-trading-and-how-investors-can-ride-the-ai-wave-via-fetch-and-inqubeta-presale/" rel="noopener noreferrer nofollow">ChatGPT</a>. 
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 “The adoption of a new name signals a significant strategic shift to harness the potential of GPU Cloud computing technology, a vital tool in the world of AI, machine learning, and advanced data analysis, allowing us to expand our revenue channels with our Nvidia GPU fleet. “ <cite>HIVE Digital Technologies</cite> 
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 The new HIVE Cloud branch will offer small and medium-sized enterprises cloud solutions as part of its expansion push. 
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
 <div class="wp-block-embed__wrapper"> <iframe title="Artificial Intelligence &amp; Bitcoin | Hard Money" width="1020" height="574" src="https://www.youtube.com/embed/XBEhgFrldRI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 Experts forecast the global AI market size to surpass <a href="https://www.globenewswire.com/news-release/2023/05/03/2660032/0/en/Artificial-Intelligence-Market-Size-to-Surpass-USD-2-025-12-billion-by-2030-exhibiting-a-CAGR-of-21-6.html" target="_blank" rel="noopener noreferrer nofollow">$2,025.12 billion</a> by 2030 at a compound annual growth rate (CAGR) of 21.6%. 
 HIVE believes that the demand for powerful GPUs will increase significantly, with its Nvidia GPU cards potentially becoming a high-margin business with annual revenues exceeding $100 million. 
 At the time of writing, the top AI coins have a combined market capitalization of $2.56 billion, with a 24-hour trading volume of $234,022,498, according to <a href="https://www.coingecko.com/en/categories/artificial-intellignce" target="_blank" rel="noopener noreferrer nofollow">data</a> available on CoinMarketCap. 
 SinglarityNET (AGIX) has been the top-performing AI token in the last 24 hours, with a 9.5% increase.&nbsp; 
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 <img decoding="async" loading="lazy" width="1424" height="792" src="https://crypto.news/app/uploads/2023/07/AGIX_1D_graph_coinmarketcap.jpeg" alt="HIVE Blockchain rebrands to reflect its AI and web3 push - 1" class="wp-image-14178315"> 
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 SinglarityNET (AGIX) price | Source: CoinMarketCap 
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 &nbsp;In related news, dogecoin (DOGE) supporter and tech mogul Elon Musk <a href="https://crypto.news/elon-musk-a-dogecoin-supporter-reportedly-building-new-ai-company-called-x-ai/" rel="noopener noreferrer nofollow">announced</a> the incorporation of his AI company called X.AI Corp. While speculation is rife that the SpaceX and Tesla owner’s new AI project may aim to disrupt established players like OpenAI, details of its mode of operation are yet emerging officially. 
 As <a href="https://crypto.news/100k-openai-credentials-on-sale-for-crypto/" rel="noopener noreferrer nofollow">reported</a> by crypto.news last month, a Singaporean cybersecurity firm discovered over 100k compromised OpenAI’s ChatGPT credentials on sale on the <a href="https://crypto.news/487-million-whatsapp-phone-numbers-to-be-auctioned-in-the-dark-web/" rel="noopener noreferrer nofollow">dark web</a>. The ChatGPT accounts were hijacked through stealer malware designed to collect sensitive information from victims’ devices. 
 Read more: <a href=" https://crypto.news/binance-labs-invests-15m-in-web3-startup-xterio-to-boost-ai/ " rel="noopener noreferrer nofollow"> Binance Labs invests $15M in web3 startup Xterio to boost AI </a> 
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HIVE Blockchain rebrands to reflect its AI and web3 push

crypto.news

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