“In the future, AI will be everywhere,” said Bitmain product marketer Allen Tang while explaining how the biggest bitcoin mining equipment producer in the world plans to conquer artificial intelligence.

“It will be on cars, it will be on cameras, it will be on servers, in the back end,” he continued. “It’s just like the motor vehicle replacing the horse—it’s a big-time change that can dramatically alter the world. We think that’s a big trend and we need to do that.”

Founded by Jihan Wu and Micree Zhan, Bitmain dominates the cryptocurrency mining business. The Chinese company started mining and selling its Antminer mining rigs in 2013. In just four short years, it reached $3 billion to $4 billion in yearly operating profits, according to US financial analysis company Bernstein.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.