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Kevin O'Leary Highlights AI and Blockchain's Revolutionary Business Potential

Kevin O’Leary Highlights AI and Blockchain’s Revolutionary Business Potential

AI and blockchain to revolutionize business with autonomous purchases and payment processing.

Artificial intelligence and blockchain are set to ignite the “next revolution in business.” AI will autonomously make retail purchases, while distributed ledger technology will handle payments, according to investor and Shark Tank star Kevin O’Leary.

Blockchain will underpin the forthcoming wave of neural network transactions—from payments at Walmart and Target to burger joints and cafés.

“You simply tell your phone: ‘I’d like a large low-fat latte. I’ll be there in a minute and a half.’ And that’s it,” the investor stated.

Following this, AI will analyze the user’s location, check for nearby stores, select the appropriate one, and make the payment using digital assets.

“It already knows who you are: when you enter, the vendor sees your name,” O’Leary added.

The expert emphasized that there is currently no effective way to process millions of transactions simultaneously at low cost. According to him, current systems like Ethereum struggle with this, as they process operations sequentially. As a result, high demand leads to delays and increased fees.

“It’s like a long highway leading to a toll booth where transaction authentication occurs. When there are too many cars—or operations—they pile up at the gate, causing a jam,” he explained.

Directed acyclic graphs (DAG) could solve this issue, O’Leary believes. Unlike the traditional linear blockchain, they process transactions in a web-like structure.

Hedera and Nano operate on such an architecture.

Back in August, on-chain sleuth ZachXBT claimed that the operational model of Ripple, Cardano, and Hedera resembles financial pyramids.

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