
AI will automate most retail purchases in the future, with blockchain used to finalize payments, Shark Tank co-host and venture capitalist Kevin O’Leary said.
AI and blockchain will spark the “next revolution in business,” according to multimillionaire Kevin O’Leary, with AI being able to autonomously make retail purchases and using blockchain to take care of payments.
In a three-minute video posted to X Saturday, the Shark Tank co-host and venture capitalist said blockchain will support an incoming wave of AI-driven transactions, handling everything from orders at Walmart and Target to burger shops and cafes:
“So what happens there is the AI analyzes where you are, looks at the geography of what retailer [is nearby] and determines that that’s the one, and then uses a blockchain to actually do a digital payment system for the tall low-fat latte,” explained O’Leary.
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Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more

