07.11.2024
Economics and financial markets
Konstantin Tserazov: ChatGPT Search vs Google: The Race That Can Only Be Won with a Blockchain Approach
On October 31, 2024, OpenAI kicked off the ChatGPT Search product in a clear bid to challenge Google's well-known role in human pursuit for information. This move led to a 1.5% drop in Alphabet's stock (Classes A and C) prices, as investors began to worry about the financial perspective of Google, given that about two-thirds of Google's revenue comes from Google Search.
The race we witness is about the financial, technical, and creative resources needed to succeed, as well as how Decentralized Artificial Intelligence (DAI) decisions can outpace the centralized products of Google Search and ChatGPT Search.
Artificial Intelligence (AI) is an interesting technology, but many people have missed its important aspects. It is becoming both emotional and rational. AI energizes the process of automating and autonomizing business processes that create value for shareholders.
AI is also entering the physical world, as demonstrated by Boston Dynamics on November 1, 2024, with robots performing physical work without human assistance, marking the arrival of a new era.
Involving All Interested Parties in AI Development
The crucial aspect is how to involve all interested parties in AI development. For instance, AI assistants to corporate leaders will soon decide whether to issue additional shares, a decision that affects existing shareholders, banks that provided loans, and many others. Similar deliberations apply to other financial decisions, such as share buybacks. AI-powered oracles can enhance the effectiveness of such AI decisions.
These decisions can be made through blockchain consensus and voting systems, ensuring DAI performance. Cryptocurrencies on blockchain enable the seamless redistribution of votes, reflecting instant changes in the weight of various interests.
Ensuring Controlled AI Development
We all know that the blockchain sphere has a tradition of open communication with the public. However, it's time to take it further by putting the entire value-driven process of creating new AI systems on the blockchain. This is the only way to ensure that global AI development does not run out of control and to mitigate the risks associated with AI.
The dependence of AI “brains” (AI data centers) on vast and growing amounts of energy resources highlights the importance of driving AI development with blockchain, which guarantees that all parties' interests are checked in.
Data centers already play an important role in the lives of people. Every hour of human activity around the world generates tasks that need to be processed, with at least three data centers involved on average.
The decentralized approach to energy generation is a key driver of the future skyrocketing role of green energy and the dramatic decrease in humanity's reliance on fossils. Decentralized energy generation is also an answer to the quest for stable electricity streams to feed the computational power needed to support AI. Especially, considering that cryptocurrencies are already significantly reducing the technical costs of rolling out new AI systems through incentives for self-learning AI machines.
Decentralized AI Evolution and Cryptocurrencies
Recent AI decisions on blockchains like Algorand and NEAR Protocol demonstrate the power of a decentralized approach to AI evolution, enhanced by cryptocurrencies.
As humanity advances through intensive machine learning of AI systems, we are transitioning from Web 4.0, which integrated AI, blockchain, and cryptocurrencies, to Web 5.0, an era of blockchain-based AI. Web 5.0 will feature the maximum proliferation of AI-powered cross-blockchain decisions.
The looming advent of SuperIntelligence AI with a deep understanding of the benefits of decentralized approaches will swiftly take us to Web 6.0, where we will see the close adjustment of human nature to new tech, breakthrough attempts to enhance humans with high-speed calculations, deep imagination (enabled by Virtual and Augmented Reality), and rapid deployment of cloud decisions on blockchain.
Neuro Human-AI Interfaces and IoT
Actually, these advancements will pivot to neuro human-AI interfaces, to the intersection of the Internet of Things (IoT) and the Internet of AI, where the most valuable stream of big data will be obtained via trackers of eye movements, brain neuron activity, muscle activity, and other human reactions. The best way to arrange big data storage and processing is through blockchain, as AI can solve the issue of scaling up blockchain performance and dramatically reduce the costs associated with its use.
In Web 6.0, the question of whether AI augments human possibilities or makes human capabilities obsolete will find its ultimate answer. Discovering this answer will open the door to Web 7.0, a realm dominated by blockchain, and will pave the way for future innovations that will lead us to Web 10.0.
As we transition between Web 4.0 and Web 5.0, companies that fully adopt decentralized approaches are outperforming their competitors. This is evident in the battle we are witnessing between ChatGPT Search and Google, which began in Fall 2024.
Importance of Blockchain
Web evolution can take various ways. In some regions, we may see uncontrolled AI development without the integration of blockchain and cryptocurrencies, which could lead to outcomes unfavorable to humanity. In these areas, AI development may suppress human intellectual activities.
Therefore, harmonized AI development requires the use of blockchain. The blockchain approach instills trust. Financing is crucial for fueling AI and blockchain development, given their high energy consumption. While traditional banks create loans and the stock and bond markets provide significant financing, these classical sources have limitations.
The demand for capital to establish AI data centers, valued in trillions of dollars, cannot be met quickly by these traditional sources. This conclusion highlights that digital fundraising will be essential for raising the necessary capital to support blockchain and AI innovations. Implementing these innovations will significantly boost economic productivity.
The blockchain has not yet completed its work in the cryptocurrencies sphere. We see how Decentralized Finance (DeFi), which initially accounted for a small share of financial crypto activities, is now gaining more ground, especially with spectacular growth visible in emerging economies. Blockchain is also needed to properly organize the emerging AI marketplaces where businesses can hire or buy AI assistants tailored to their operational tasks.
We will also see the rise of blockchain-based AI training platforms, decentralized AI application online stores, and more.
Automation and Autonomization
Blockchain introduces automation and reasonable autonomization into the AI ecosystem. The competition between ChatGPT Search and Google revolves around these aspects. AI is a transformative technology; for instance, while classical search queries average 2 words, AI-based search queries average 10 words. This indicates that AI-based searches are already more in-depth than those provided by classical search machines, altering the business model of neural networks.
Actually, the search results of AI-based systems will be different from the output provided by classical search machines, and this difference will be astonishingly large in the near future.
However, what is most fascinating is that decentralized AI will offer a fundamentally new level of search results. We are witnessing a surge in the steps towards automating almost everything. The next big thing will be autonomization through blockchain applications.
Cryptocurrencies and AI-Tokens
Cryptocurrencies are now definitively part of the AI landscape. The trust that decentralized AI will instill in investors will trigger a surge in digital capital, including cryptocurrencies, tokens, stablecoins, NFTs, and central bank digital currencies.
Additionally, DAI will create a new ecosystem of AI-tokens, which will be the next evolution of smart contracts on blockchain. Actually, AI tokens will widely extend the role of smart contract techniques beyond financial transactions and cryptocurrencies.
In the financial sphere, these AI tokens will autonomously select relevant projects for investment and, by operating on the blockchain, will meet capital demands. Essentially, AI tokens will lead the financial world into a state of capital abundance for financing DAI projects.
This will unlock access to a huge amount of electricity generation from a financial perspective. Actually, the movement towards decentralized AI will unleash an avalanche of digital capital and an enormous leap in productivity.
Therefore, the competition between ChatGPT Search and Google will be won by the party that first successfully transforms into a Decentralized AI project. It can be real if such projects are strategically and effectively organized as a decentralized system of fintech startups, driving the development of blockchain and AI together.
Link: Medium
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