Julian Peh, CEO of Web3 AI base layer Kip Protocol, warned that we have seen clear 'monopolies forming' in AI just in the past two years.
uniting the fetch.ai , AGIX, and Ocean Protocol communities into the Artificial Superintelligence Alliance has been a hallmark of the increased interconnectedness between crypto and AI. While some lauded the merger as a milestone for decreasing friction and improving synergies, others have warned of the dangers of centralization.
One expert Cointelegraph spoke to, Julian Peh, CEO of Web3 AI base layer Kip Protocol, warned that we have seen clear"monopolies forming" in AI just in the past two years. "A few companies like OpenAI training their giant models on all of our collective data and knowledge, and also completely capturing the regulatory process," said Peh, continuing:"We will own nothing in the AI powered future should this trend continue. We are all presently victims of a great knowledge heist, and in future will be relegated to being mere consumers of AI with no economic participation rights. This is ironic, as the aforesaid giant models are trained on our data in the first place." "Everybody needs to get back their ownership rights if we are to have a voice in the AI-powered future," Pei added, explaining that he first started Kip as a means of building decentralized AI infrastructure tools for blockchain developers: "To build an AI product ready for users, you need to link an AI Model with an AI app, like a chatbot that transmits instructions from an end user to the model. Depending on the nature of the product, an external dataset can also be integrated into the set up. So it’s an AI model linked to an AI app, augmented by a dataset." For Peh and his staff at Kip, a fair and competitive AI ecosystem means that models, apps, and data sets are often not owned and developed by the same people or entities. Nevertheless, there should be a platform where each individual developer can share data and assemble their components. CT: What mechanisms are in place within the KIP Protocol to facilitate the automated sharing of revenues among app developers, model trainers, and data producers?Whenever an AI developer wants to deploy an AI asset - whether a model, an app, or a dataset - on-chain, they set their price-per-query during deployment, and it is recorded in the token metadata. Whenever a user wants to interact with an app, and - via that app - the model and/or dataset to which it is connected, they pay the total price-per-query of all three. Thus, if the app is charging 0.1 KIP token per query, the model is charging 0.2 KIP, and the dataset is 0.3 KIP, the total price paid by the user will be 0.6 KIP per query. This is then automatically shared with each contributor by the KIP Protocol contracts.This method lets everyone set their own price but also gives market forces free rein. So, for example, if you charge 10 KIP per query for access to your dataset, you might find customers as long as your data is really rare and high-quality. However, if someone else comes in with a better dataset for just 5 KIP, then you will probably have to revise your prices if you want to compete. Similarly, in a statement to Cointelegraph, Humayun Sheikh, chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, said that the $7.5 billion protocol was, too, revenue-ready."In the near term, we anticipate generating revenue as we launch the agentic network for deployment. In the short term, we’ll focus on deploying numerous commercial products that breathe life into AI applications," he stated.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CEO to Speak on Korea Blockchain Week: DetailsIn September 2024, Ripple's CEO Brad Garlinghouse will deliver speech on major Asian blockchain and fintech event
Read more »
How Blockchain Is Igniting a New Era In Sports Fandom: Insights From Tenamint CEO Nadir ChaudhryIn the last few years, innovative technologies that enable sports fans to engage with their favorite sports, teams, and athletes, have emerged.
Read more »
JPMorgan's Participation in RWA Signifies a Strong Endorsement of Blockchain, Brickken CEO SaysBrickken CEO Edwin Mata Navarro shares valuable insights into the challenges and opportunities in RWA tokenization.
Read more »
Unstoppable Domains to apply for ‘.blockchain’ domain registrationUnstoppable Domains and Blockchain.com will apply for the .blockchain Web3 domain registration by 2025.
Read more »
Unstoppable Domains and Blockchain.com plan DNS-enabled Web3 domain '.blockchain'Unstoppable Domains and Blockchain.com plan to create one of the first DNS-enabled Web3 domains, “.blockchain” via an application with ICANN.
Read more »
Io.net CEO Ahmad Shadid steps down from CEO role days before token launchThe decentralized infrastructure provider has faced questions from critics in recent months regarding the veracity of its reported metrics.
Read more »