Global search interest in the term ‘AI’ hits a new all-time high on Google, but the peak of Bitcoin (BTC) mania in 2017 is yet to be reached, data reveals .
Artificial intelligence has dominated the headlines over the past few months, with some suggesting that it is the latest “tech craze” after cryptocurrencies and the metaverse.
More recently, OpenAI executives wrote in a May 23 blog post that within the next decade, AI will surpass the level of specialized skill in “most areas” and be on par with “one of the largest companies today.” I warned you that you would be more productive.
However, global and U.S. search interest in AI is at its peak, reaching 89 on Google Trends, but the peak search for Bitcoin in December 2017, when Bitcoin was approaching its all-time high of $20,000. Interest 100 is not yet reached. .
Business Insider reports that Alliance Bernstein technology expert Marc Silsky said on May 31 that AI “still falls far short of Bitcoin’s absolute hype.” His analysis focused specifically on US search trends.
Siriski compares the three “hottest areas in the tech industry” over the past decade: AI, the Metaverse, and Bitcoin, and finds that the peak search volume for “Bitcoin” has increased to Revealed higher than peak search volume. AI up to this point.
Who Said China Is Bitcoin?
But in China, where cryptocurrencies are banned and Google searches are restricted, the results are very different. The country favors Baidu as a search engine.
According to Google Trends, Google users in China have consistently shown higher search interest in AI than Bitcoin on a monthly basis since May 2013.
Over the past decade, there have been only three instances in China where bitcoin has outperformed AI searches, putting it on par with significant Bitcoin-related events.
In November 2013, Bitcoin surpassed AI in search time for the first time in China, while simultaneously reaching a then-high $300 on the now-defunct cryptocurrency exchange Mt. Gox.
In December 2017, Bitcoin once again topped search interest when it reached a high of nearly $20,000.
The third and most recent event occurred in February 2021, when Bitcoin hit $40,000 following news of Tesla’s purchase of $1.5 billion worth of Bitcoin and its decision to start accepting Bitcoin payments. Soared above $3000.
The country banned cryptocurrencies in 2021, but soon after, Chinese Cointelegraph staff reported that online searches for several major cryptocurrency exchanges yielded zero results.
Related: Australia Asks Unannounced Talks Should Ban ‘High-Risk’ AI
Meanwhile, in China, the number of searches for “AI” will reach a record high of 100 in April 2023. The current search score is about 94.
In May, China’s state-owned AI company Flytek announced it would launch an AI system called Spark Model, designed to directly compete with OpenAI’s ChatGPT.
Chinese officials recently discussed the need for “dedicated efforts to safeguard political security and improve security governance of Internet data and artificial intelligence” at a meeting on May 30. Local media reportedly said:
“We must prepare for the worst extreme scenarios and be prepared to withstand the great test of high winds, rough seas and even dangerous storms.”
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