March 31, 2023
Elon Musk recently signed a letter calling for a ban on the development of artificial intelligence (A.I.) for six months in order to get regulators to understand the potential downsides of this technology. This has sparked a debate on A.I. and its place in society, as well as created an opportunity for decentralized A.I., also known as DeAi, which could be hosted on web3 counterparts such as blockchain or distributed ledger technologies (DLTs). With the narrative against centralized A.I. growing, and potentially with government intervention on the horizon, crypto and the DeAi revolution may not be far away, posing a massive opportunity.
The Benefits of Decentralized A.I.
Decentralized A.I., or DeAi, is A.I is powered by blockchain or DLT technologies which can provide access to data across multiple different sources without requiring a central authority to facilitate it. The main benefit of this approach is that it eliminates potential bias from centralized organizations like Google or Microsoft who might use their data sets in favor of their own agendas instead of having everyone’s interests at heart (which is what most people expect when utilizing AI). Additionally, due to its distributed nature, it would be much harder for malicious actors to take control of this data set since there would be no single point of failure where they could gain access to all the information in one go; instead, they would need to gain control over each individual node where part of the data set resides which makes it much more difficult and less attractive for malicious actors seeking out sensitive data sets or political power via AI-driven decision-making tools.
The Potential Economic Benefits
The potential economic impacts of DeAi are also significant; given that blockchain networks are immutable records that cannot be tampered with once recorded onto them, they have an inherent trustless quality that allows them to maintain accuracy across multiple different transactions without requiring third-party validation and without fear of manipulation or tampering by bad actors trying to take advantage of users’ personal information or financial transactions such as stock trades, etc… This trustless quality coupled with its decentralized nature makes it ideal for powering secure yet accessible AI applications that can help us make decisions faster and more accurately than ever before which could lead to a new level of economic efficiency across numerous industries as well as create new opportunities for innovation within existing ones.
As we move into an era where technology plays an increasingly larger role in our lives, understanding how best to regulate these powerful tools is critical if we want them to remain beneficial rather than become harmful forces within society–and decentralized A.I., powered by crypto and other web3 counterparts–may provide us with just such an opportunity if we act now while regulating bodies are still receptive to it before more centralized powers try their hand at controlling this technology first – leaving us with too little say in how our lives will e shaped by these powerful tools going forward into tomorrow’s world. For investors looking for ways to capitalize on this trend early, now may be your chance! Investing in decentralized projects may just prove profitable down the line when DeAi becomes mainstream enough so regulators are forced take action accordingly.
As the narrative builds against centralized A.I. technologies, support for the web3 DeAi narrative will grow. This will result in an increased market appreciation for the projects built in this space. Take a look at the link below which categorizes crypto projects that are in the Decentralized A.I. sector. Many of these projects are scams so it is not advisable to jump into them all, but within this pool of projects, some will become the future primitives to a multi-billion dollar ecosystem that will compete against tech giants attempting to remain in control of this technology. This makes the DeAi sector one of the biggest opportunities in crypto at the moment with tremendous upside growth potential.
https://www.coingecko.com/en/categories/artificial-intelligence
