Blockchain firm The Bitfury Group has launched its AI unit , to be headed by Fabrizio Di Maffeo . CEO Vladimir Vavilov said the division , which is still in " development mode " , was created to process the 98 % of data it has collected which is yet to be analysed , with AI and blockchain technology the best way to do so . The technology, being developed in the public and private sectors, has gained attention globally for its ability to permanently record and track assets or transactions across all industries. Vavilov said there would be more work on the AI unit 's products later this year or early in 2018 .
Blockchain firm The Bitfury Group has launched its AI unit , to be headed by Fabrizio Di Maffeo . CEO Vladimir Vavilov said the division , which is still in " development mode " , was created to process the 98 % of data it has collected which is yet to be analysed , with AI and blockchain technology the best way to do so . Vavilov said there would be more work on the AI unit 's products later this year or early in 2018 .