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Global search interest for the term “AI” has hit a new all-time high on Google, although it has yet to catch up to the bitcoin (BTC) craze that peaked in 2017, data has shown.
Artificial intelligence has been hitting headlines over the past few months, with some suggesting that it is the latest “tech craze” after crypto and the metaverse.
Most recently, OpenAI executives warned in a May 23 blog post that within the next ten years, AI will surpass expert skill levels in “most domains” and become “one of the largest corporations today”. Will be productive as well.
However while global and United States search interest for AI has reached a fever pitch – clocking in at 89 on Google Trends, it still just shy of bitcoin’s peak search interest of 100 in December 2017, when bitcoin hit $20,000. was close to its peak.
Alliance Bernstein technology specialist Mark Schilsky noted on May 31 that AI is “still far below the full hype of bitcoin,” according to a reports From Business Insider. Their analysis focused specifically on US search trends.
Shilisky compared “the three busiest segments of the tech industry” over the past ten years, “AI”, “metaverse” and bitcoin,” to reveal that the peak of search volume for “bitcoin” coincided with the peak of search volume. There is more.So far for AI.
China says bitcoin who?
However, the results are very different in China, where cryptocurrencies are banned and Google searches are restricted. The country prefers Baidu as its search engine.
Google users in China have consistently had a higher search interest for AI than bitcoin on a monthly basis since May 2013, according to Google Trends.
During the past decade, there were only three instances in which bitcoin surpassed AI searches in China, which is consistent with significant bitcoin-related events.
In November 2013, bitcoin overtook AI as search time in China for the first time, reaching its all-time high of $300 on the now-defunct cryptocurrency exchange Mt Gox.
In December 2017, bitcoin once again led search interest, at which time bitcoin reached an all-time high of $17,249.92.
The third and most recent event occurred in February 2021, as bitcoin climbed above $43,000 following Tesla’s decision to purchase $1.5 billion worth of bitcoin and begin accepting bitcoin payments.
The country banned cryptocurrencies in 2021, and shortly thereafter it was reported by Cointelegraph staffers in China that online searches for several major cryptocurrency exchanges were returning zero results.
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Meanwhile, China sees searches for “AI” hitting its all-time high of 100 in April 2023. Today, the search score is around 94.
In May, Flytech, a state-sponsored Chinese AI company, announced it was launching the “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 security governance of Internet data and artificial intelligence” during a meeting on May 30. According to a local media outlet it was said:
“We must prepare for worst-case scenarios and extreme conditions and be prepared to face the greater test of high winds, choppy waters and even dangerous storm surges.”
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