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cover of episode How Crypto Unlocks the Future of AI Against Tech Giants Monopoly

How Crypto Unlocks the Future of AI Against Tech Giants Monopoly

2024/5/10
logo of podcast Web3 Wavefronts - Digestible News on Crypto, DeFi and AI

Web3 Wavefronts - Digestible News on Crypto, DeFi and AI

Shownotes Transcript

Cryptocurrency has the potential to decentralize the power of Artificial Intelligence (AI), offering solutions to technology's inherent tendency toward centralization. The assets can incentivize individuals to act towards a common goal, an essential factor in an AI-centric environment. Market leaders like Google and Meta employ aggressive strategies to outstrip competition, including data ownership, which could reinforce centralization in AI. However, blockchain, the technology underlying cryptocurrencies, could help distribute network creation and growth costs from the company to the participants, enable small players to start networks and aid in cost-effective, large scale AI training. Also, it might help minimize data selection bias due to its openness, accessibility, and data immutability.

Read in-depth analysis on this topic at: https://theweb3.news/crypto/how-crypto-unlocks-the-future-of-ai-against-tech-giants-monopoly/

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