Nvidia CEO Jensen Huang has sparked a firestorm of speculation with his bold claims about artificial intelligence (AI). At the recent GTC conference, Huang predicted human-level AI within five years and downplayed the challenge of "hallucinations" – AI models fabricating information.

His comments center around Artificial General Intelligence (AGI), an AI capable of human-like problem-solving across various tasks. Huang believes achieving AGI hinges on specific benchmarks, suggesting it could be within reach if tasks are well-defined.

However, the real intrigue lies in Huang's proposed solution for AI hallucinations. He suggests a simple fix: requiring AI to "look up the answer" for every response. This, in theory, could eliminate fabricated information and pave the way for a new era of AI-powered applications.

The ramifications for the world of finance and cryptocurrencies are particularly exciting. Currently, AI models used in finance are tightly controlled due to their tendency to "hallucinate" data. They often operate under strict rules, similar to pre-programmed limit orders, to prevent catastrophic errors.

But if Huang's vision holds true, and AI hallucinations become a thing of the past, a whole new world of possibilities opens up. Imagine AI systems independently conducting trades, analyzing markets, and making financial decisions – all without human intervention. Fully automated trading, currently a risky experiment, could become mainstream.

However, a note of caution is necessary. While Huang's optimism is contagious, achieving true AGI and eliminating AI hallucinations entirely might be more complex than he suggests. Skeptics point out that existing AI models, like Microsoft's Copilot and Google's LaMDA (similar to Nvidia's Gemini), already have built-in source verification features. Yet, these models still struggle with accuracy.

The future of AI in finance remains to be seen. Will Huang's vision usher in a new era of automated financial decision-making, or will the challenges of AI development prove to be a stumbling block? Only time will tell, but one thing's for sure: the potential impact on the financial world, including the crypto sphere, is undeniable.