The Good Tech Companies - Famous Companies That Have Sunk Big Money in AI, Blockchain, and Web3

Episode Date: August 12, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/famous-companies-that-have-sunk-big-money-in-ai-blockchain-and-web3. Nike and Tesla are embracing Web3 and blockchain. Find out how they leverage blockchain technology for enhanced innovation with Web3 & AI integration. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #ai, #google-cloud-platform, #big-tech-web3-investments, #big-tech-blockchain-investment, #big-tech-ai-investments, #aelf-blockchain, #good-company, and more. This story was written by: @aelfblockchain. Learn more about this writer by checking @aelfblockchain's about page, and for more stories, please visit hackernoon.com. Big name corporations are embracing and have hinted at a stamp of approval of AI and blockchain. From tech giants like Amazon and Google to financial institutions like Visa and Goldman Sachs, these companies are living in the tomorrow and investing heavily in such innovations to stay ahead.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Famous companies that have sunk big money in AI, blockchain, and Web3, by IELF. We've established that the AI-blockchain fusion is growing at an unprecedented pace, and it is here to stay. If there's one giant marker of it, big-time Fortune 500 companies are already racing to make these developments their own. Whether it's to enhance operational efficiency, create innovative products, or offer new services, these companies' investments in Web3 and AI are nothing to ask off at. Let's look at who they are exactly,

and how they're reinventing themselves with these transformative technologies. Fortune 500 companies and blockchain venture funds embracing AI, Blockchain, and Web 3. A Summary. Category Company Key Initiative Big Tech 1. Amazon, N, N2. Google, N, N3. Tesla 1. Amazon Web Services, Oz, N, N2.

Google Cloud, Asset Marketplace, N, N3. Full Self-Driving Tech in its Electric Fleet Financial Institutions 1. Visa, MasterCard, N, N3. Full self-driving tech in its electric fleet financial institutions 1. Visa, MasterCard, N, N2. Goldman Sachs 1. Stablecoins and central bank digital currencies, CBDCs. Self-developed blockchain APIs, N, N2. In-house trading platform for blockchain-based assets blockchain funders 1. Blockchain Ventures, Blockchain, Com, N, N2. A16Z Crypto, N, N3. Arrington Capital 1. Keen investor of early stage DeFi and NFT projects. One of the major backers of IELF. N, N2. Funded the likes of OpenSea, Near, and DYDX, N, N3. Backer of ielf algorand polka dot and more other household names one ibm n n2 nike n n3 salesforce one a variety of blockchain services and industry-specific blockchain networks n n2 nft platform swoosh n n3 salesforce einstein tech giants one amazon web services Swoosh, N, N3. Salesforce Einstein Tech Giants, 1. Amazon Web Services,

Oz, Artificial Intelligence, AI, from the deep learning Amos to Amazon SageMaker, AWS enables developers to build, train, and deploy AI models effortlessly. Noto mention, Amazon Comprehend and Amazon Recognition are AI services that simplify NLP and image analysis tasks. Blockchain. Amazon-managed blockchain enables users to create and manage scalable blockchain networks. Whether it's Hyperledger Fabric or Ethereum, AWS ProVita's the tools necessary for setting up reliable and secure blockchain infrastructures, all without grappling with complex setup processes. Web3. With cloud capabilities to support decentralized applications, DAPPs, and ecosystem, AWS facilitates developers in creating secure, scalable, and efficient Web3 projects.

With the ongoing development of decentralized storage and distributed computing models, AWS aims to drive mainstream adoption of Web3. 2. Google Specifically, Google Cloud is breaking frontiers with its cloud infrastructure and comprehensive suite of tools and services for blockchain projects. AI and blockchain, from empowering businesses through machine learning and data analytics with TensorFlow and AI platform, to simplifying blockchain network management with its blockchain node engine, Google Cloud is making significant strides. Partnerships with Dapper Labs and Hedera highlight its dedication to blockchain technologies. Incidentally, Google Cloud Platform is also IELTS'

choice of cloud infrastructure to run blockchain node deployment operations in a scalable and secure manner. Web3. Additionally, its Google Cloud Asset Marketplace provides essential infrastructure and tools for developing DAPPs, positioning Google Cloud at the forefront of the Web3 movement. 3. TESLAI. Tesla's full self-driving, FSD, computer integrates advanced neural networks and machine learning algorithms to navigate complex driving environments. This I-centric approach is designed not just to improve safety, but also to make autonomous driving a reality. Blockchain and Web3 When it comes to Web3 and blockchain, Tesla's involvement is more nuanced, but equally ambitious.

Tesla has experimented with blockchain technology, particularly through its investment in Bitcoin, and more recently, acceptance of payment in Dogecoin. Moreover, Tesla's integration of blockchain could pave the way for decentralized energy grids, where blockchain is used to facilitate transparent and secure peer-to-peer energy trading. Financial services, one, Visa, MasterCard These payment processing giants may not immediately strike you as blockchain-on-die stalwarts, but they are heavily invested in AI and blockchain to change how we handle transactions. AI. From fraud detection to personalized financial services, AI is on the lips of both Visa and MasterCard. Visa has employed machine learning models to

analyze transaction patterns, enabling the detection of fraudulent activities in real time. For MasterCard, one key AI initiative is improving users' experience through AI-powered personalized financial insights and recommendations. Blockchain. Visa has shown keen interest in stablecoins and central bank digital currencies, CBDCs. By leveraging blockchain technology, Visa aims to enable faster, cheaper, and more secure cross-border payments. MasterCard isn't lagging either, it has developed its own blockchain APIs to help developers integrate distributed ledger technology into their applications. 2. Goldman Sachs

Goldman Sachs, a staple in the financial services industry, has embraced Web3 and AI for various scenarios. Web3. The firm is exploring plans to create a digital asset platform, allowing clients to trade and invest in cryptocurrencies and other blockchain-based assets. On top of that, it intends to offer investors opportunities to trade fractional ownership of real-world assets like real estate and art. AI. Goldman Sachs is utilizing advanced machine learning algorithms and AI technologies to drive responsiveness and efficiencies across its services, trading algorithms, risk management strategies, and customer service operations. Blockchain funders.

1. Blockchain Ventures for Blockchain Startups and Enthusiasts. Blockchain Ventures is a name to watch. The venture capital arm of blockchain, COM, they are active investors in promising early-stage companies within the blockchain and web3 space. Their investment strategy revolves around identifying innovative startups and providing financial support, industry network, and strategic guidance. These projects often involve decentralized finance, DeFi, non-fungible tokens, NFTs, and other groundbreaking blockchain applications. In fact, Blockchain Ventures is one of the prominent backers behind iELF, a layer-one blockchain platform that has since scaled quickly to launch its own ELF token and become a go-to launchpad for DAPPs such

as Portkey, AwakenSwap, Project Schrodinger, Forest, and more. It has attracted developers to the platform with its efficient delegated proof-of-stake, DPoS, consensus mechanism, strength in multi-layered structure, comprising a main chain and multiple sidechains, and not to mention, its reliable C-sharp programming language. Now, ILF is taking another leap forward by adopting AI functionalities, by combining autonomous AI agents with a high-performance Layer 1 blockchain, it is set to upgrade user experience and ease development and deployment processes through smarter contracts. 2. A 1-6-Z crypto

When talking about significant players in the blockchain and Web3 space, a 16-Z crypto inevitably comes up. The investment arm of Andreessen Horowitz, a 16-Z crypto has invested billions into various blockchain and Web3 startups since the inception of its fund back in 2018. One standout investment has been in OpenSea, the leading marketplace for NFTs, which now stands as a cornerstone of the burgeoning digital collectibles market. Other notable investments include support for blockchain infrastructure startup SICK as near protocol and DYDX, a leading decentralized exchange. A16z actively contributes to the community with educational resources, regulatory insights,

and development tools, nurturing a fertile ground for innovation in the Web3 ecosystem. 3. Arrington Capital Founded by TechCrunch founder Michael Arrington, Arrington Capital focused chiavially on the decentralization wave. Besides being an investor of IELF, Arrington Capital has dipped its toes in various prominent projects that are pushing the boundaries of what blockchain technology can offer. For instance, they have backed Algorand, a scalable and secure blockchain network known for its fast transaction speeds and low costs. Another significant investment is in Polkadot, a platform designed to enable different blockchains to transfer messages and value in a trust-free fashion, making it easier to create new decentralized applications, DAPPs. Other Noteworthy Corporations

1. IBM IBM has been a pioneer in enterprise blockchain solutions. They offer a range of blockchain services, including consulting, development, and integration. IBM iSALSO actively involved in the development of industry-specific blockchain networks, such as FoodTrust for supply chain traceability and TradeLens for global trade. 2. Nikonike's foray into Web3 is evident through its acquisition of RTFKT, a digital sneaker and collectibles company.

They have launched their own NFT platform called Swoosh and have released several successful NFT collections, including virtual sneakers and digital wearables. 3. Salesforce Salesforce, a leading customer relationship management, CRM, platform, is exploring the use of blockchain technology to change how businesses interact with customers. They have developed a blockchain platform for building trusted networks and are looking into the use of NFTs for customer loyalty programs. Salesforce Einstein, the company's flagship AI offering, contains a suite of AI technologies helps predict outcomes, automate

tasks, and personalize experiences. By embedding AI directly into their CRM, Salesforce allows businesses to gain deeper insights from their data, leading to smarter decision-making processes. In closing, if the likes of the magnificent 7 and financial powerhouses are already embracing AI and blockchain technologies, it speaks volumes about how IT validates the significance of Web3 and its eventual mass adoption. While challenges and uncertainties remain, we should expect to see even more groundbreaking applications and use cases emerge, considering that these Fortune 500 leaders hardly ever rest on their laurels when it comes to innovations and investments. Info disclaimer. The information provided on this blog does not constitute investment advice, financial advice,

trading advice, or any other form of professional advice. IELF makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions. About IELF, IELF, an AI-enhanced Layer 1 blockchain network, leverages the robust C-sharp programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, IELF is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK roll-up technology, ensuring an efficient, low-cost, and highly secure platform

that is both developer and end-user friendly. Aligned with its progressive vision, IELF is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption. For more information about IELF, please refer to our white paper v2.0. Stay connected with our community. Website, X, Telegram, Discord. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.