Specter of Artificial Super Intelligence Looms in Camden Discussion Freepress Online
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Specter of Artificial Super Intelligence Looms in Camden Discussion - Freepress Online
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The SingularityNET, Fetch.ai, and Ocean Protocol-led, Artificial Superintelligence Alliance, have announced the first-ever token launch in the AI space, combining the AGIX, OCEAN, and FET tokens into a new token.
This merger is predicted to establish a fully decentralized AI platform and aim to improve overall organizational efficacy in using AI while adhering to the most transparent and ethical AI advancement criteria.
Together, Fetch.ai, SingularityNET (AGIX), and Ocean Protocol comprise the Artificial Super Intelligence (ASI) Alliance. The alliance seeks to expedite the development of decentralized Artificial General Intelligence (AGI) and, eventually, Artificial Superintelligence (ASI) as the largest open-sourced, independent body in AI research and development.
The alliance's three technological partners will produce products using each project's unique ecosystem-specific features to ensure ethical AI development.
Notably, on July 1, 2024, the three tokens will unite as part of phase one of the project. There will be no disruption to FET trading after the merger. In the meantime, exchanges will begin to delist the current AGIX and OCEAN tokens.
For a seamless transaction during the ASI's rebranding process on all major and minor cryptocurrency platforms, the first phase will concentrate on data aggregator websites and exchanges.
The second phase will concentrate on ASI and community development. Migration contracts for the unconverted tokens across several blockchains will be accessible during this period.
Additionally, during the next upgrade, all FET mainnet tokens will automatically adhere to ASI. The duration of this process is set for several years to provide users and investors enough time to convert their holdings.
Though not very sensitive to broader market news, AI Coins and the segment pick industry-based news to find bullish or bearish signals. The recent rise in Nvidia's market cap, as previously reported by Bankless Times, was an excellent example of this.
Bullish momentum and investor confidence are becoming increasingly crucial for AI-powered cryptocurrencies. Digital assets like AI coins use artificial intelligence to enhance blockchain networks' user experience, security, and scalability.
While a lack of explanations and erratic trading have kept AI currencies volatile, investors should soon recognize today's news as an additional bullish signal, which might drive up the value of many AI coins. This, together with substantial industrial expansion, will be crucial in boosting the bullish momentum of AI coins in the short term.
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AI Coin Price: Will Artificial Superintelligence Alliance Have Bullish Impact? - Bankless Times
AI and crypto are two buzzy themes that have dominated market headlines this year.
But what happens when their powers combine?
Three AI crypto platforms are preparing to complete a merger of their crypto tokens, in the digital asset industrys latest play to create a decentralized AI sector that rivals traditional tech companies like Google, Microsoft, and Amazon.
Tokens from Fetch.ai, SingularityNET, and Ocean Protocol will merge into one Fetch.ai token, which will be dubbed ASI, which stands for Artificial Superintelligence Alliance, according to CoinDesk. Originally scheduled to be combined today, the integration was postponed until July 15 at the eleventh hour. Prices of all three tokens slid on the news.
The crypto firms are motivated by a desire to challenge the monopoly that big tech currently has over AI. Proponents of crypto argue that allowing a few companies to control the bulk of AI innovation and data has privacy risk implications that a decentralized model could help address.
This is only the start of a broader movement to gather together forces working toward beneficial decentralized AGI and super-intelligence, Ben Goertzel, CEO of the ASI Alliance, said in a statement. The ASI token serves as a symbol and a practical tool for our shared quest to leverage advanced AI, blockchain and decentralized governance to move quickly and effectively toward an amazing future for all.
To crypto enthusiasts, there are a range of ways crypto and AI could potentially combine.
The intersection of artificial intelligence (AI) and crypto is going to be even bigger than people imagine, wrote Senior Crypto Research Analyst at Bitwise Juan Leon in a note posted Monday. The two industries could add a collective $20 trillion to global GDP by 2030, he added. He referenced PwC data, but said the $20 trillion was his own estimate.
Leon argued that bitcoin miners could be used to help process AI and aid overburdened data centers.
While these are two sectors that are notorious for riding higher on hype, only time will tell if cryptos pivot to AI will produce tangible results.LB
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3 crypto firms are combining into one AI token - Morning Brew
Three popular AI crypto tokens are about to combine into one new super token.
Given the popularity of artificial intelligence (AI) as an investing thesis, it's perhaps no surprise that crypto investors have been enthusiastically hunting for the best possible AI tokens. While dozens of cryptocurrencies claim to be AI crypto tokens, there has not yet been a "super token" capable of capturing the imagination of crypto investors in the same way that an AI-driven business like Nvidia (NASDAQ: NVDA) has appealed to equity investors.
That is, perhaps, until now. In mid-July, three top AI crypto tokens -- Fetch.ai (FET 0.12%), SingularityNET (AGIX -0.30%), and Ocean Protocol (OCEAN -0.32%) -- are combining forces to create a new AI super token called ASI (which stands for Artificial Superintelligence). Could this new crypto be a millionaire-maker investment?
To answer that question, it's important first to understand what makes a token an "AI crypto token." The answer is simpler than you might expect. It is primarily a digital currency to pay for AI products and services, such as on AI marketplaces. Instead of paying in dollars, you pay in crypto. And it can also be used to obtain access to premium AI tools or services.
Using this framework, it's possible to see why there could be potential advantages to creating a new AI super token. Who wants to use three different cryptocurrencies if you're using AI? It can get very confusing, and it's simply not very efficient for any large-scale AI project.
Each of the three AI crypto tokens brings something a little different to the mix. Fetch.ai, for example, is at the forefront of creating new AI bots (known as "agents") that are capable of taking on increasingly challenging tasks within companies and other large organizations. SingularityNET is at the forefront of artificial general intelligence (AGI) and the potential creation of super-intelligent computers. And Ocean Protocol facilitates data-sharing for blockchain-based AI services and tools.
So the key will be the ability to put all of their various approaches, skills, and resources to work in ways that can create new value. In corporate-speak, this is known as creating synergies. To make this happen, the ASI alliance will focus on three big areas: the deployment of AI agents into corporations; the advancement of large language models (LLMs); and the sharing and utilization of AI data.
Putting it all together, you can think of ASI as a digital currency issued by the alliance to pay for products and services (such as bots, agents, or LLMs) offered by alliance members. You will also be rewarded for your contributions to the ASI alliance with the ASI token. And you will use the ASI token to gain access to premium data sets or LLM training tools.
What particularly stands out to me about the new ASI alliance is how much of an emphasis there appears to be on commercialization and monetization. This is what leads to revenue, and that's what can eventually lead to profitability. This new ASI alliance is not just about creating better AI -- it's about making money while doing it.
And that is what has the potential to make the new ASI token so valuable. Investors will be able to see real-world products and services, as well as revenue and cash flow. This, in turn, should create demand for the AI crypto token. If you want access to some of the best AI in the world, you will eventually need to buy this AI crypto token. Unlike other cryptos, which sometimes seem to lack any utility whatsoever, this ASI token will have very clear utility.
There's another little twist worth noting here. In order to make its future vision a reality, the ASI alliance is going to assert that decentralized AI is superior to centralized AI. That would be a huge ideological shift. The current system is highly centralized, with a few big tech giants attempting to control the pace of AI innovation. If you want access to the best AI systems, you need to pay them. And those giants make all the money.
Image source: Getty Images.
In contrast, a decentralized AI system would reward everyone. It would reward people who create new AI agents. It would reward people who contribute new AI training data. It would reward people who provide the source code for better LLMs. And it would reward people who contribute the GPU computing power required to make AI work.
The reward would come via the ASI crypto token. Instead of being paid in cash, you'd be paid in crypto. And, even if you are not a researcher or developer with unique AI skills to contribute, you can still be rewarded. And that's by holding the token and watching it appreciate in price over the long haul.
This is where it's necessary for an investor thinking about buying into the new ASI crypto token to take a leap of faith. Is this just a reworking of the same tired thesis that little companies can do what the big tech giants are doing? Do you believe that hundreds of thousands of passionate AI researchers, developers, and users located around the world are capable of taking on the behemoths of Silicon Valley?
I think it's possible. After all, one of the biggest success stories to date in the AI crypto token world has been Render (CRYPTO: RNDR), which offers decentralized GPU computing power. And one of the buzzwords among AI crypto token enthusiasts continues to be "DePIN," which stands for decentralized physical infrastructure networks. Decentralization is a powerful concept, and one that could be a game changer for AI.
So here's what I'm thinking: Get in early on ASI while people are still trying to wrap their heads around what it is and how it could revolutionize AI, and then patiently wait for the price to skyrocket. The potential is definitely there. Fetch.ai, for example, is up nearly 200% this year. SingularityNET is up 167%, and Ocean Protocol is up 70%. That's some high-octane performance, even before the official launch of the ASI alliance.
Of course, you won't become a millionaire overnight. The new token is supposed to trade at the price of Fetch.ai on the date of the merger. Given today's prices, that means ASI should start trading somewhere around $1.50. If the tokens increase in value at a compound annual growth rate (CAGR) of 100% per year (a big "if"), then you could grow that $1,000 into $1 million in 10 years.
A lot really depends on the synergies that could result from this AI super alliance. So if you are thinking about investing in ASI, be sure to do your due diligence and understand that there is tremendous risk in investing in any token with no prior track record. Case in point: The creation of the token was supposed to occur in mid-June, but has been pushed back to mid-July, due to technical difficulties.
The good news is that, with ASI, you are essentially getting three crypto tokens for the price of one. That should mitigate some of the risk. As long as investors are excited about all things AI-related, it's easy to see how the new ASI token could really take off. And that's why I'm convinced that this AI crypto token could be a millionaire-maker investment over the long haul.
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Could This New Artificial Intelligence (AI) Crypto Token Be a Millionaire Maker? - The Motley Fool
What you need to know
Generative AI is a big deal in the tech landscape right now. We've seen artificial intelligence make companies like Microsoft the world's most valuable company with over $3 trillion in market valuation. Market analysts attribute the exponential growth to the Redmond giant's early lead and adoption of the technology. Even NVIDIA is on the verge of hitting its iPhone moment with AI after recently overtaking Apple and becoming the second-most valuable company in the world due to high GPU demand for AI advances.
Microsoft and OpenAI are arguably among the top tech firms that are heavily invested in AI. However, their partnership has stirred up controversies, with insiders indicating Microsoft has turned into "a glorified IT department for the hot startup." In contrast, billionaire Elon Musk says OpenAI has seemingly transformed into a closed-source de facto subsidiaryfor Microsoft.
It's no secret that both tech companies have a complicated partnership and the latest controversies affecting OpenAI aren't helping the situation. After launching GPT-4o, a handful of high-level employees left OpenAI. While the explanation behind their departure remains slim at best, Jan Leike former super alignment lead indicated that he was worried about the trajectory AI advances were taking at the company. He further stated that the firm was seemingly prioritizing the development of shiny products as security and privacy took a backseat.
To this end, it's impossible to tell the trajectory AI will take in the next few years, though NVIDIA CEO Jensen Huang indicates that we might be on the brink of hitting the next AI wave. The CEO further states that robotics is the next big thing, with self-driving cars and humanoid robots dominating the category.
But as it now seems, we might have a bit of insight into what the future might hold for us, according to a former OpenAI researcher who recently published a 165-page report highlighting the rapid growth and adoption of AI, security, and more (via Business Insider).
Leopold Aschenbrenner worked as a researcher for OpenAI's super alignment team but was fired for leaking critical information about the company's preparedness for general artificial intelligence. However, Aschenbrenner states that the information he shared was "totally normal" since it was based on publicly available information. He suspects the company was just looking for a way to get rid of him.
The researcher is among the OpenAI employees who refused to sign the letter asking for Sam Altman's reinstatement as CEO after he was fired by the board of directors last year. Aschenbrenner believes this contributed to his firing. This is in the wake of former board members alleging that two OpenAI staffers had reached out to the board with claims of psychological abuse from the CEO, which generally contributed to a toxic atmosphere at the company. The former board members also indicated that OpenAI staffers who didn't necessarily support Altman's imminent return as CEO signed the letter as the "feared" retaliation.
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According to Aschenbrenner's report, the AI progression will take an upward trajectory. It's no secret that Sam Altman has a soft spot for superintelligence based on how passionately he speaks about the topic during interviews. In January, the CEO admitted that OpenAI is actively exploring advances that could eventually help it unlock this incredible feat. However, he didn't disclose whether the company was taking a radical or incremental trajectory while chasing it down.
As you may know, superintelligence means having a system with cognitive abilities that surpass human reasoning. However, there's concern building around this benchmark and what it could mean for humanity. An AI researcher revealed that there's a 99.9% probability it could end humanity, according to p(doom), and the only way to avoid this outcome is to stop building AI in the first place. Interestingly, Sam Altman admitted there's no big red button to stop the progression of AI.
With the emergence of new flagship AI models like GPT-4o with reasoning capabilities across text, audio, and more, it doesn't seem like the progression will stop soon. Computational power and algorithmic efficiency trends show AI will continue to experience rapid growth. However, there are critical concerns about power supply with OpenAI looking into nuclear fusion as a plausible alternative for the foreseeable future.
Aschenbrenner says AI development could scale to greater heights by 2027 and surpass the capabilities of human AI researchers and engineers. These predictions aren't entirely farfetched, with GPT-4 (referred to as mildly embarrassing at best) already surpassing professional analysts and advanced AI models in forecasting future earnings trends without access to qualitative data. Microsoft CTO Kevin Scott shared similar sentiments and foresees newer AI models capable of passing PhD qualifying examinations.
The report also indicates that more corporations will join the AI fray and invest trillions of dollars in developing systems to support AI advances, including data centers, GPUs, and more. This is amid reports of Microsoft and OpenAI investing over $100 billion in a project dubbed Stargate to free themselves from an overreliance on NVIDIA for GPUS.
Reports suggest AI will eventually become smarter than people, take over their jobs, and turn work into a hobby. There's a rising concern about the implications this might have on humanity. Even OpenAI CEO Sam Altman sees a need for an independent international agency to ensure all AI advances are safe and regulated like airlines to avert "catastrophic outcomes."
Perhaps more interesting is that Aschenbrenner's report suggests that only a few hundred people understand AI's impact on the future. He added that most of them work inAI labs in San Francisco (potentially referring to OpenAI staffers).
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Former OpenAI researcher outlines AI advances expectations in the next decade - Windows Central