CryptoPotato
Hayes Calls AI a Bubble, Then Launches His Own AI Project
August 19, 2026•02:10 PM
Arthur Hayes, former BitMEX CEO and prominent crypto investor, is making a stunning about-face. After calling artificial intelligence a speculative bubble, the magnate is now launching his own AI project that rewards miners for supplying useful computing work to AI agents rather than conventional mining activity. This initiative represents a significant strategic shift in the cryptocurrency landscape, integrating blockchain technology with the growing demand for AI resources. Hayes' project capitalizes on existing mining infrastructure, redirecting it toward more useful and potentially more profitable applications, while positioning the founder as an innovative figure at the convergence of AI and blockchain.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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