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AI and Blockchain Will Spark Retail Revolution: Kevin O’Leary



AI and blockchain will spark the “next revolution in business,” according to multimillionaire Kevin O’Leary, with AI being able to autonomously make retail purchases and using blockchain to take care of payments.

In a three-minute video posted to X Saturday, the Shark Tank co-host and venture capitalist said that blockchain will support an incoming wave of AI-driven transactions, handling everything from orders at Walmart and Target to burger shops and cafes:

“You simply talk to your phone and say, I want a tall, low-fat latte, please. I’m going to be there in 90 seconds. That’s it.”

“So what happens there is the AI analyzes where you are, looks at the geography of what retailer [is nearby] and determines that that’s the one, and then uses a blockchain to actually do a digital payment system for the tall low-fat latte,” explained O’Leary. 

“It already knows who you are. So the retailer has your name on it when you walk in,” he added.

Mr. Wonderful is waiting to find a winning solution

However, O’Leary said he hasn’t yet found a solution that can handle millions of retail transactions simultaneously at a low cost. 

He said current solutions like Ethereum can’t do it because they order transactions linearly, leading to delays and expensive fees during peak traffic. 

“It’s a long highway on a way to a toll road for authentication of the transaction, and when there’s too many going on the highway at the same time, they get stuck at the toll, they get jammed up.”

“So we don’t have the technology yet, with at least those… ones to do what I just described,” O’Leary added.

However, there are already solutions to the problem that O’Leary described, known as Directed Acyclic Graphs, which process transactions in a spider web-like structure rather than ordering them into single blocks.