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    Home»Crypto»AI Can Now Move Bitcoin With New Lightning Labs Tools
    Crypto

    AI Can Now Move Bitcoin With New Lightning Labs Tools

    AuthorBy AuthorJuly 9, 2023No Comments2 Mins Read
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    Artificial Intelligence (AI) continues its undisputed conquest of the internet, adding Bitcoin to the long list of things it can manipulate.

    Lightning Labsone of the main companies working on the Bitcoin-based Lightning Network, Office has partnered a new set of developer tools that can integrate Bitcoin with AI applications and Large Language Models (LLMs) such as ChatGPT.

    According to the two engineers behind these devices, Lord Osuntokun and Michael Levinthe main concern of LLMs is that they do not have access to payment mechanisms that are native to the internet.

    “In 2023, bots are paying you!” Tweet Osuntokun.

    Built on L402 protocol, these AI applications can now hold, send, and receive Bitcoin payments—on-chain and in Lightning Network.

    “The cost of training GPUs [for AI] require costs that developers see as offset by low-hanging fruit on credit cards,” they wrote, adding that it results in “higher-than-necessary costs to the end user to include the payment of payment and fraud.”

    In addition, closed-source artificial programming interfaces (API) often have opaque terms of use, it added.

    the L402-enabled devices now allows users to sell and pay for API queries, monetizing access to a wide range of software applications.

    The engineers at Lightning Labs WRITES earlier this week that the L402 standard will give Bitcoin and the Lightning Network access to the popular Langchain AI software library, expanding its use cases and building faster AI infrastructure.

    Artificial Intelligence has taken the world by storm in recent months—eclipsing the investment frenzy of yore directed before in crypto. According to Arthur Hayes, former CEO of BitMex, “The AI ​​will choose Bitcoin as its native currency.”

    “With the L402 protocol and LangChainBitcoinwe can ensure that open models are accessible using an open payment system,” wrote Osuntokun and Levin, concluding that “in the end, open source will win.”

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