Blockchain firm AI has launched its The Bitfury Group unit, to be headed by Valery Vavilov . CEO Fabrizio Del Maffeo said the division, which is still in "research mode", was created to process the 98% of data it has collected which is waiting to be analysed, with AI and blockchain technology the best way to do so. Valery Vavilov, chief executive officer and co-founder of Bitfury, said the need to analyse and extract value from tons of available data drove the company to go into artificial intelligence, that branch of computer science that emphasizes the creation of intelligent machines that act and behave like humans. Valery Vavilov said there would be more detail on the AI unit's products later this year or early in 2020 .
Blockchain firm AI has launched its The Bitfury Group unit, to be headed by Valery Vavilov . CEO Fabrizio Del Maffeo said the division, which is still in "research mode", was created to process the 98% of data it has collected which is waiting to be analysed, with AI and blockchain technology the best way to do so. Valery Vavilov said there would be more detail on the AI unit's products later this year or early in 2020 .