Bitcoin has done better: interest in AI search on Google reaches a fever pitch

Bitcoin has done better: interest in AI search on Google reaches a fever pitch

Global search interest in the term AI has hit a new all-time high on Google, though it has yet to hold a candle to the peak of the Bitcoin (BTC) craze in 2017, data has revealed.

AI has dominated the headlines in recent months, with some suggesting it is the latest tech fad after cryptocurrencies and the metaverse.

Most recently, OpenAI executives warned in a May 23 blog post that within the next 10 years, AI will surpass the skill level of experts in most domains and be as productive as one of the largest companies of today.

However, while US and global search interest in AI has reached a fever pitch, landing at 89 on Google Trends, it’s still shy of Bitcoin’s search interest peak of 100 in December 2017, when Bitcoin was approaching its high of $20,000. .

Comparison of search trends for keywords, “AI, “metaverse” and “Bitcoin” over a ten-year period in the United States. Source: Google Trends

Mark Schilsky, a technology specialist at Alliance Bernstein, noted on May 31 that AI was still far below the absolute hype of Bitcoin, according to a Business Insider report. His analysis focused particularly on search trends in the United States.

Schilisky compared the three hottest segments of the tech industry over the past 10 years AI, metaverse and Bitcoin to reveal that the maximum search volume for Bitcoin is higher than the maximum search volume for AI so far.

China Says Bitcoin Who?

The results, however, differ markedly in China, where cryptocurrency is banned and Google search is limited. The country prefers Baidu as a search engine.

According to Google Trends, Chinese Google users have consistently had more search interest in AI than Bitcoin on a monthly basis since May 2013.

Comparison of search trends for the buzzwords AI, “metaverse” and Bitcoin in China. Source: Google Trends

Over the past decade, there have only been three instances of Bitcoin outperforming AI searches in China, which align with significant Bitcoin-related events.

In November 2013, Bitcoin surpassed AI as search time for the first time in China, coinciding with reaching its all-time high of $300 on the now-defunct cryptocurrency exchange Mt. Gox.

In December 2017, as Bitcoin hit highs of nearly $20,000, Bitcoin once again took the lead in research interest.

The third and most recent event occurred in February 2021, when Bitcoin soared above $43,000 following news that Tesla had bought $1.5 billion worth of Bitcoin and his decision to start accepting Bitcoin payments.

The country banned cryptocurrencies in 2021, and shortly thereafter, it was reported by Cointelegraphs staff in China that online searches for several major cryptocurrency exchanges yielded no results.

Related: Australia asks whether high-risk AI should be banned in unannounced consultation

Meanwhile, China saw AI searches hit an all-time high of 100 in April 2023. Today, the search score is around 94.

In May, Flytek, a Chinese state-sponsored AI company, announced the launch of Spark Model, an AI system designed to compete directly with OpenAI’s ChatGPT.

Chinese officials recently discussed the need for dedicated efforts to safeguard political security and improve governance of Internet data security and artificial intelligence, during a May 30 meeting. According to a local media it was stated:

We must be prepared for worst-case and extreme scenarios and be ready to withstand the major test of high winds, rough waters, and even dangerous storms.

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