AI agents are “a meme right now,” according to LIFT Network Co-Founder Ben Beath. But the majority of them are overhyped “wrappers of existing services.”

LIFT Network is aiming to change that, with the launch of AI Machines – blockchain-powered AI agents that can analyze and act on real-time data streams.

Beath showed Decrypt an example of an AI agent trained to watch English Premier League soccer matches, extracting insights from video in real-time.

“You have a node that is actually watching the content,” Beath said, explaining that it watches the video feed and breaks it up into fragments, which are then sent to nodes for processing. Those nodes then return that data, and the first to respond will receive a reward, with its response being “stitched back” into the data feed. Those insights range from understanding the somewhat-impenetrable offside rule, to spotting corporate logos on the advertising hoardings around the pitch.

LIFT reduces the cost of extracting real-time data from live content from about 60 cents per minute of streaming video to about one cent per minute, said Beath. That, he explained, “opens up a whole new range of things you can do.”

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Author: Decrypt Staff