Why blockchain will democratize AI

A few large companies like Google, OpenAI, and Anthropic currently dominate AI development, controlling vast computing power and data while creating issues like political bias, privacy concerns, and energy consumption that could reach 20% of global electricity by 2030. Decentralized AI using blockchain technology offers a solution by keeping data on local devices, distributing processing across networks, and giving users control over their information—with the market projected to grow from $550 million in 2024 to $4.33 billion by 2034.