“Interest is forbidden in Islam,” explained Tansel Kaya, an IstanHack juror and founder of Mindstone Blockchain Labs. He told Cointelegraph that more than just the big prize, “the hackathon served as an eye-opener for the young talent looking to develop something beyond your run-of-the-mill DeFi yield products.”AI was a hot topic, both on and off stage, during Istanbul Blockchain Week, with participating companies demonstrating their take on how Web3 and AI can be in sync.
“AI is very data-intensive,” he said, adding, “It needs to run a ton of data to be able to work as you use something like ChatGPT. It is a Big Tech monopoly. [...] All the big behemoths of the tech world, they run and they do it.”According to Claveua, AI developers who work with a relatively smaller team have two options at this point: Working for Big Tech or selling their next big ideas to Big Tech. “That’s the way to move forward in your career and get into the very interesting projects.
He underscored the importance of the active participation from the Turkish banking ecosystem, with major Turkish banks such as Garanti BBVA, Akbank and Yapi Kredi attending a panel for CBDCs.
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