This podcast episode explores the intersection of AI and cryptocurrency (crypto) and the potential benefits and challenges that arise from their convergence. The conversation emphasizes the tension between decentralization and centralization in both AI and crypto and envisions a future where long-running AI systems can be embedded within blockchain-based smart contracts, allowing for ownership and control by individuals. Topics such as privacy, data verification, and algorithmic fairness are discussed in the context of decentralized AI models. The episode also highlights the use of homomorphic encryption for secure computation on encrypted data and the potential for using generative models and transformers in the crypto space. Overall, the conversation presents a vision of decentralized and evolving AIs that are not controlled by a single entity, and the potential economic opportunities that arise from the distribution of value in crypto networks.