today I want to cover some huge news regarding ICP the internet computer and this news has broken within the past 24 hours and has came straight from the horse's mouth himself we're of course talking about Dominic Williams and we're talking about another world first in AI enabled by a distributed Legend now we are moving to towards a very distopian world if we do not find ways to regulate and actually democratize AI because if we continue on the current trajectory that we are on where we see big tech companies essentially own everybody's data own the infrastructure and be the key enablers and um Pioneers in Ai and users of it that means that these companies become as powerful as any one government and essentially have dominion and the power to directly affect human consciousness and push whatever agenda it is that they may want um they have your data um they have your facial the AI model that we're going to be looking at that's being facilitated by a ICP smart contract is in regards to facial recognition some of you may be booing this it's coming whether you like it or not I'm not a big fan of security um big fan of security surveillance but what do you think they're doing when you upload a picture to Facebook Instagram when you're sending you little snaps or whatever they're taking your face and they will use that against you just like Reddit for example sold a hell of a lot of their data I can't remember who it was to without my recognition this is what web 3 is all about it's all about taking that power back and with AI it is of the utmost importance that we do that and there's an irony in regards to the cryptocurrency space the ICP addresses right now the vast majority of cryptocurrencies out there still leverage traditional web to infrastructure that is solely owned by literally three or four companies they own the line share whether that be storing your little nfts or whether that be running your validator and and I run validators for blockchains by the way and use web to uh nodes we also have our own clouds and things like that that we've set up but a lot of blockchains still use web 2 infrastructure that enables an area of vulnerability when we're talking about things like AI you don't want that vulnerability because if someone can hack AI that has a kind of dominion or a power over an aspect of the world that's an issue and this is the concept of blockchain Singularity that Dominick Williams spoke about where because they address the ironic nature of introducing issues with web two in the blockchain space they do it from the ground up with their own Hardware so from the ground up there's no cross over into web 2 whereas with the vast majority and thus the technocrats with the vast majority of distributed Ledges out there they utilize some sort of web two service like I said whether that be cloud computing so on and so forth ICP doesn't do that and the fact that they're now enabling and this news is huge AI solely and we've seen two uh demonstrations thus far both with uh image recognition now we're looking at facial recognition some of you are beinging that I know I know guys I'm not I'm not for that I don't want to live in a world where they know every single thing about everyone and they ultimately use that to harvest and manipulate people I don't want that this is why we need blockchains to give that power back so people can own their data so they can opt in and out so they can control the AI systems in a decentralized democratized way rather than a techno kind of feudalistic way that we currently have it I see p as pioneering this I love this blockchain guys it's a deep in play in regards to decentralized physical infrastructure it's an AI play it's a smart contract layer One play it's a payments play it's a security play in regards to if you look at the hacks that happen around the world if you built the same systems and databases on something like ICP you would eradicate the possibilities because these blockchains are supposed to be immutable right in in regards those hacks and those data leaks taking place the world just needs to wake up and it will because it's an obvious choice so we're hyping people up so massively on ICP and what we're going to be doing we're going to this video is going to be in two Parts we're going to be looking at the recent announcement then we're going to be going over to a Vanek um report where they believe that crypto and AI that industry specifically that that crossing over is going to be on a ball case about 8 trillion dollar by 2013 um and we'll look at their opening statement in regards to why it's amazing to me how distributed ledgers have literally like appeared and found themselves at the convergence of so many Industries out there Finance identity payments AI smart contracts you know law Supply everything is going to use a distributed Ledger and you guys are lucky enough um those of you that aren't crying on every little pullback um to be speculators on this space before it's even been allowed to come on so that's going to be the first half of the video talking about Ai and ICP and then we're going to look at some price action we've given our $200 ICP price prediction we believe it's still happening we're going to be showing you and we looked recently at the fact that ICP was pulling back great buying opportunity in my opinion not Financial advice don't buy ICP how about that because always someone out there that wants to blame somebody for something they've done we're not fuss whether you buy ICP or not guys I own ICP we're totally transparent about that because I think it's going to do well and we have a $200 price prediction doesn't mean it's going to get there that's just where we believe it's going to get there based on technically what we're looking at we're going to show you lots of examples of what ICP currently doing with other charts that we've looked at the exact same thing for that have all gone on to higher ground and we'll show you again and we'll reiterate how we get that $200 ICP price piic but again don't buy ICP guys don't do it you know if you're not willing to responsibility for you making the decision to do that and blame it on somebody else don't do it um so without further Ado let's dive into it and let's kick things off with a video of Dominic Williams talking about the new uh integration of AI that ICP has just enabled it is facial recognition again I'd much rather that we had a decentralized protocol doing this then a centralized entity that is going to use it against you will use it against you um because they've taken all your digital rights as it is let's dive into let's dive into this and then let's get into the vanic um hello everyone today I'm incredibly excited and proud to announce that the cyclotron AI enablement Milestone has been successfully completed without further Ado let's take a look at what this makes possible today we're going to look at facial recognition using a fully decentralized smart contract running on the internet computer blockchain so currently uh the smart contract hasn't got any faces in its database so let's check it does a recognize me so the small contract successfully created bounding box and now it's searching the database and as we'd expect it says unknown person so let's go back and add me I'm going to use a totally B standard publicity sh and going to want my name okay drawn the bounding box and now processing um my face and adding it to what's known as a vector database so it's added me to the smart contract let's go back and see if it recognizes me this time drawn the Bic blocks and it's basically uh searching for me an a VOR database and uh any kind of match below one any distance below one would be a fantastic match that has come back with 0.55 which is a high certainty match so that's working fantastically well and you can see I didn't even have a chance to finish speaking it was so quick so the next Milestone that's important for AI um will actually migrate the internet computer from 32bit WM to 64bit WM which will make more memory available uh in small contracts for holding AI model parameters which will move us in the direction of large language models which is where we're going um the next AI specific Milestone is gyron gyron will add GPU optimization to uh the internet computer network though no providers can start adding gpus um we're dealing some pretty challenging technical Problems by default gpus are non-deterministic so we we need to make them work in a deterministic way so they can be integrated in into the blockchain um generally speaking we believe that blockchain is the future everything stack and has absolutely no limits that's where we're going stay with us thank you for watching just unmute myself there wow very very interesting uh we also believe that blockchain is the everything stack because it has so many crossovers into everything let's not waste any time guys because I'm I'm I'm taking up quite a bit of your time now um so this is vanck vanet crypto AI Revenue prediction by 2030 let's just read this little takeaway here there is a significant chance that public blockchains are the key to unlocking the widespread adoption of artificial intelligence and the AI applications will be crypto raison DET it's got to be French right uh this is because crypto provides important foundational elements AI needs such as transparency immutability clear defined ownership properties and an adversarial testing environment we believe these properties will provide instrumental in allowing sorry prove instrumental in allowing AI to reach its full potential based upon estimates of AI growth we assert the base case of AI Focus crypto projects to collect $10 billion in annual revenue by 2030 remember you multiply that significantly uh in this piece we will speculate on the crypto roles in facilitating the adoption of AI and the value that crypto will derive from AI businesses talks about a number of things so in regards to Total market caps in billions of dollars this is 2093 billion which is 2.9 trillion in the bare Case by 2030 5.8 uh, billion so 5,851 billion is 5.8 trillion in the base case or the bull case is $8.4 trillion very much what I think is going to happen and and they mentioned something really interesting there in regards to blockchains being immutable a lot of blockchains have these web two elements which make them not immutable we looked at this concept of blockchain singularity that Dominic Williams sort of spoke about in a very long tweet we actually read the whole tweet out I think once uh because it was such a good one it really sort of helps people understand just how important this technology is not just ICP but the broader space ICP I think is really in the next years certainly the potential for what it could do with AI and solve a lot of the problems that were just highlighted there by Van you know that that that's huge um you know they're one of the few doing it so we did also mention that we were going to talk about some price AC and that's what going to do guys um so let's dive over to our ICP chart nice and clean we were looking at a double bottom and there was a bullish Divergence on this let's go ahead and close that down let's go ahead and open the RSI and we had this double bottom we then had a Breaking of this double bottom on a significantly elevated volume which is what you want to see then we had an attempt to get to our first Target so we gave uh ICP I think $.50 it got all the way up to $20 so really good run that it had but it's given back a lot of that in regards to all of it basically in regards to where it's gone but this is very textbook break retest once we hit this four $24 Mark we want some sort of a right shoulder to form um and that could potentially see us and let's move this out the way now because it's kind of you know it's not going to happen over here um we want some sort of a right shoulder to form and then we want to see uh some sort of continuation uh pattern in the form of an inverse Head and Shoulders play out it can be very sort of subtle that's going to take us potentially $200 just to show you a few examples of breaks and retests after accumulation this is HubSpot which is a spot a stock that did very well for us you can see this was its kind of a perfectly made Target by the way you get a break on volume you get that retest everyone gets shaking out rather volatile crypto is going to magnify that volatility significantly before it goes on Mak Target Spotify another great example for us there was an inverse Head and Shoulders here that made this target here break retest continuation coinbase was a start that we were getting in the $ 3040 range break retest continuation and this is a small crypto start that we're looking at that we're kind of you know one I discussing my patreons quite heavily I won't give you the ultimate Target for this but again break retest continuation break on volume so ICP has done the first things that it needs needs to we now just need to see the strength come in and ultimately that journey to $200 take place now just because I have a price PR for $200 that I'm getting technically doesn't mean it's a guarantee by any stretch of the imagination technical analysis is not a silver bullet what it's doing is increasing your probabilities of being right and I'll take technical I'll take a chart over fundamentals any day of the week um so that's it for me ladies and gentlemen this is huge share this video around uh let me know what you think also if you're an ICP fan and and you want to go and get me at Twitter real all in crypto we've got a website we got a patreon you know get on board guys and be careful for scammers out there as always that is it from me guys I'm going to love and leave you on that know if you enjoyed the content like appreciate it so as a comment and I'll see you all in the next one thanks for watching guys see you in the next