Artificial intelligence (AI) is hot news in 2023. According to some reports, the global AI market is expected to exceed $160 billion by 2024. However, much of this revenue and profit will be captured by Big Tech.
This brings inherent dangers such as bias in algorithms, design structures that benefit primarily a select few, and problems like smaller developers being unable to compete to market their algorithms - stifling competition and further entrenching Big Tech oligopolies.
Ordinarily, centralising control over AI, which plays an increasingly important role in our daily lives in the hands of just a few companies, is not the best approach to making it inclusive and fair. As the world becomes increasingly more digital and moving at an exponential speed, decentralising control over AI might just be the solution to this problem.
Decentralised AI
SingularityNET is working on providing an AI network that’s decentralized, secure, and accessible. It’s focusing on facilitating the global distribution of AI and offers an AI as a service marketplace. Perhaps its most famous connection might be that SingularityNET was created by the team at Hanson Robotics - the company that is behind the famous Sophia Robot. AGIX is the utility token used by SingularityNET throughout the platform for transactions management and decentralized community governance.
The project was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence. An ‘AGI’ that is not dependent on any central entity, that is open for anyone and not restricted to the narrow goals of a single corporation or even a single country.
The AGIX token, launched in 2018 and rebranded in 2021, works across multiple blockchains such as Cardano and Ethereum.
OpenAI - ChatGPT
The AGIX token soared to as high as 22 cents last week with the recent announcement that tech giant, Microsoft, plans to invest $10 billion in OpenAI (the company behind ChatGPT), according to early reports.
ChatGPT (launched by OpenAI in November 2022) is built on top of OpenAI's GPT-3 family of large language models, and is fine-tuned with both supervised and reinforcement learning techniques. ChatGPT was launched as a prototype on November 30, 2022, and quickly garnered attention for its detailed responses to questions and instructions, and it's ability to articulate answers across many domains of knowledge. While there is much hype in the technology, its uneven factual accuracy was identified as a significant drawback.
Other AI and big data-related tokens have also been on the rise, such as, the Graph’s native token, GRT, and AI platform Fetch.ai's native token, FET.
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