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Blockchain May Offer Answers for AI Challenges

CoindeskCoindesk2023/07/05 13:48
By:Coindesk

Artificial intelligence is already having a big impact on society, but it also has the potential to harm. Blockchain technology may help create safer, more effective AI systems.

ChatGPT is the fastest growing consumer application, according to research by banking giant UBS. This growth underscores the profound impact that artificial intelligence (“AI”) and related technologies (i.e. large language models, machine learning, and natural language processing) have already had on society. But like any promising new technology, AI also has the potential to harm. Could blockchain help meet some of these challenges? Here are three key areas where blockchain and artificial intelligence intersect:

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Source: World of Statistics

While the convergence of crypto and AI is in its infancy, it has already garnered significant investor interest. So far in 2023, venture capitalists have invested specifically in crypto applications related to AI, privacy and identity. Notable raises include Worldcoin, a verification and identity-based protocol that raised $115 million in a Series C round, and Auradine, an AI and privacy-focused web3 infrastructure solution that secured $81 million in Series A funding.

Co-founded by OpenAI CEO Sam Altman, Worldcoin’s blockchain-based "proof of humanity" system uses retinal scans to authenticate human users. The company's long-term vision is to combat the increasing presence of bots online and mitigate potential AI-related wealth inequality. So far, it has attracted from dozens of countries.

Driven by technologies like ChatGPT, AI is influencing society at a mass scale. Since ChatGPT reached the landmark of in January 2023, has been invested in AI startups worldwide which may lead to additional advancements in the technology.

As AI systems develop, the accompanying challenges and solutions will also evolve, increasing the intersection and synergies between crypto and AI. Can blockchain technology harness AI’s potential to empower society, while also mitigating AI’s potential risks?

Edited by James Rubin.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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