Max Coniglio, director of investment at Binance Labs, shared details of the company's recent investments and explained why the cryptocurrency company has ventured into artificial intelligence. Last week, Binance announced investments in the decentralized artificial intelligence ecosystem Sahara AI and MyShell. Binance Labs executives believe that if open-source, both artificial intelligence and blockchain will flourish. "Artificial intelligence and blockchain are a powerful combination. Both thrive on open-source innovation, challenge traditional regulations, and drive massive wealth creation," Coniglio explained. "They complement each other by addressing common challenges." Coniglio believes that the two technologies complement each other. He said that artificial intelligence improves the user experience of blockchain and enhances decentralized systems. On the other hand, the executive explained that blockchain ensures authenticity, facilitates collaboration in open-source projects, and supports the computational needs of artificial intelligence.