Coinbase executes first AI-to-AI crypto trade: instant, global, and free

Odaily News Coinbase CEO Brian Armstrong said in a post on X that Coinbase recently witnessed the first crypto transaction between artificial intelligence (AI) robots. He explained that a large language model (LLM) used crypto tokens to buy AI tokens from another AI robot. Robots are developed to perform specific tasks, including performing crypto transactions. Although AI robots cannot have bank accounts, they can have crypto wallets and can now trade with humans, merchants and other AIs. "These transactions are instant, global and free," said Armstrong. He added that AI agents are not currently effective because even if they are assigned a task and left alone for a few hours or days, they seem unable to complete the task. He explained that this is due to technical limitations. Although companies such as Devin AI are working on this technology, they are still a long way from achieving this goal. He also believes that AI agents are ineffective because they cannot trade to obtain the resources they need. Having an AI agent that can trade will change the rules of the game and benefit everyone. This is especially true for businesses that can use AI agents to enable AI checkouts for shopping carts. (CryptoSlate)