Former Binance CEO Changpeng “CZ” Zhao, who stepped down from his post as part of a plea deal relating to money-laundering charges, is now focusing his time and resources on investing in technologies such as AI, blockchain, and biotech. Despite legal restrictions surrounding his post-prison activities, his status as the largest shareholder ensures that he still has an enormous amount of influence over the company moving forward.
CZ’s investments mirror the trend of other crypto entities switching to AI, with various entities and venture capitalists dedicating sizable portions of their funding strategies to AI-crypto initiatives and investments. In the future, CZ sees himself dedicating more of his time and resources to charity and education initiatives focusing on blockchain and AI technology.
Given that AI is projected to contribute some $15.3 trillion by the year 2030 to global economies, this suggests major changes in the landscape of blockchain technology in the near future.
