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Crypto Analyst Breaks Down Bitcoin (BTC), Updates Outlook on One AI Altcoin That’s Up 24% in the Last Month

Crypto Analyst Breaks Down Bitcoin (BTC), Updates Outlook on One AI Altcoin That’s Up 24% in the Last Month

A widely followed crypto analyst is breaking down king crypto Bitcoin (BTC), which is down 5% in the last seven days. Pseudonymous crypto trader Rekt Capital tells his 351,100 followers on the social media platform X that the price zone of $26,000 is acting as a resistance for BTC. “BTC is showing initial signs of ~$26,000 acting […]

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OriginTrail on AI, real-world adoption and the value of knowledge: The Agenda podcast

OriginTrail co-founders Žiga Drev and Tomaz Levak break down the importance of knowledge verifiability in the era of AI hallucinations, plus much more.

Artificial intelligence (AI), large language models (LLMs) and machine learning have infiltrated just about every aspect of our technology-connected lives. Tools like ChatGPT offer an array of helpful utilities, but they also come with a potentially dark side, as ChatGPT and other LLM chatbots are known to occasionally spit out information that is factually incorrect, potentially biased and possibly even harmful.

AI is just the latest example demonstrating the importance of being able to verify information. Complex systems such as supply chains, where verifiability has always been important, have long been touted as areas where blockchain technology and decentralization can offer real-world benefits.

One project seeking to realize this potential is OriginTrail, a multichain protocol building what it describes as the first-ever decentralized knowledge graph — a type of data layer that helps establish and verify relationships between various data points.

On Episode 14 of The Agenda podcast, hosts Jonathan DeYoung and Ray Salmond chat with Žiga Drev and Tomaz Levak, co-founders of OriginTrail, who break down knowledge graphs, the importance of decentralization for AI and supply chains, their experience working with enterprise clients, and more.

A “trusted knowledge foundation”

According to the founders, OriginTrail is building a “trusted knowledge foundation” that can help combat misinformation, whether related to AI hallucinations or fraud in medical supply chains. To do so, it created the “Decentralized Knowledge Graph” (DKG), a decentralized version of the same relationship-revealing tools used by Google to tailor its search recommendations and Amazon to suggest products.

When asked why knowledge graphs need to be decentralized, the founders argued that centralized services, by their very nature, consume user data and build knowledge without said users receiving equal value in return. Drev told the Agenda.

“We’re not benefiting from these kinds of technologies because we’re not involved.”

With OriginTrail, users can create “knowledge assets” on the DKG that they will be able to leverage and extract value from in a similar way to how tokens can be leveraged in decentralized finance today, according to Levak and Drev.

The founders also argued that having a trusted knowledge foundation will help users verify the validity of information generated by AI chatbots, for example, by allowing users to trace the origins of their outputted statements.

Related: Altcoin Roundup: Three blockchain protocols taking the supply chain crisis head-on

According to Drev, “By decentralizing AI, what we give users actually is an ability to verify from which source an answer was extracted. Or even if you use a generative AI, you can still check what is the information trail and where does that information come from.”

Bringing the blockchain to the real world

One common critique of the crypto space is that most projects only exist to solve problems created by other projects, and that there is little real-world need for blockchain technology. A core goal of The Agenda is to find and explore those use cases that are impacting, or have the potential to impact, the world outside of the cryptosphere.

OriginTrail, for its part, has partnered with or been supported by several well-known enterprise clients, including the British Standards Institution, Walmart, Google, Oracle and more. When asked how and why everyday people should find value in enterprise adoption and blockchain tools that power information verification, Levak pointed out that different people will find use cases in different things.

“I think it may vary to whom certain things are kind of closer,” he said. “To some, it might be they understand or they connect with pharmaceuticals or medicines or the sustainable medicine field. Others may be more construction, some may be food.”

However, according to Levak, the easiest real-world use case to communicate in today’s climate surrounds AI:

“A lot of people have dabbled with ChatGPT, and mostly two questions arise. A is, ‘Am I going to lose my job?’ And B is, ‘How can I trust this thing?’ And then boom, it’s very easy to kind of extend the importance of these types of technologies to exist, because that is something that anyone can kind of create a story around — their job, around their situation, where that could help or hurt them.”

To hear more from Levak and Drev’s conversation with The Agenda — including the origin of the protocol’s name, the tokenomics of the TRAC utility token and their perspectives on bull market hype vs. longevity — listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

Magazine: Experts want to give AI human ‘souls’ so they don’t kill us all

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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ARK Invest’s Cathie Wood Says There’s a Convergence Between Bitcoin and Artificial Intelligence

ARK Invest’s Cathie Wood Says There’s a Convergence Between Bitcoin and Artificial Intelligence

The chief executive and founder of ARK Invest says that artificial intelligence (AI) and Bitcoin (BTC) could converge to heavily reduce costs and boost productivity. Cathie Wood says on the social media platform X that the merging of AI and digital assets could fundamentally change the way that companies run. “The convergence between Bitcoin and […]

The post ARK Invest’s Cathie Wood Says There’s a Convergence Between Bitcoin and Artificial Intelligence appeared first on The Daily Hodl.

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Consumer surveys show a growing distrust of AI and firms that use it

A global consumer survey from Salesforce shows a growing distrust toward firms that use AI, while an Australian survey found most believe it creates more problems than it solves.

Consumers are developing a widening “trust gap” with companies using artificial intelligence, with many airing concerns about the potential unethical use of the technology, according to a new Salesforce survey.

On Aug. 28 the customer relationship software firm released survey results from over 14,000 consumers and firms in 25 countries that suggested nearly three-quarters of customers are concerned about the unethical use of AI.

Over 40% of surveyed customers do not trust companies to use AI ethically and nearly 70% said it's more important for companies to be trustworthy as AI tech advances.

Salesforce highlighted that respondents have become less open to using AI since last year.

In its 2022 survey, over 80% of business buyers and 65% of consumers were open to using AI to improve experiences — both have dropped respectively to 73% and 51%.

More problems than it solves

Meanwhile, a separate survey of nearly 1,500 Australians released Aug. 28 by market research firm Roy Morgan found nearly 60% of those surveyed agreed AI “creates more problems than it solves.”

One in five also believed the tech would risk human extinction by 2043 — echoing fears from AI pundits who signed a letter in May agreeing that mitigating human extinction risks from AI should be a global priority.

Roy Morgan’s survey was conducted alongside the newly formed lobby group Campaign for AI Safety. Source: Roy Morgan

However, despite the two recent showing a growing distrust of AI, another shows a majority in the United States haven’t heard of — let alone even used — what’s arguably the most widely-known AI chatbot.

Related: OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version

An Aug. 28 Pew Research report of over 5,000 Americans found that 18% had actually used OpenAI’s ChatGPT.

Around a quarter overall had heard of the chatbot and of the ChatGPT-aware cohort it was mostly those under 30 years old — around 40% — who had used the bot at least once.

Men, those under 30 and those with a postgraduate education were the most likely to have ever used ChatGPT. Source: Pew Research

As a global debate on how to regulate AI takes place — both sides of the U.S. political aisle that are aware of ChatGPT, nearly 70% overall, cited a greater concern about the government not going far enough in regulating AI chatbot use.

Magazine: How to control the AIs and incentivize the humans with crypto

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Ex-Goldman Sachs Executive Explains Bullish Crypto Thesis, Says Markets Will Likely Outperform Tech Stocks

Ex-Goldman Sachs Executive Explains Bullish Crypto Thesis, Says Markets Will Likely Outperform Tech Stocks

Former Goldman Sachs executive and Real Vision CEO Raoul Pal is explaining his bullish stance on crypto assets. In a new Ask Me Anything (AMA) session on YouTube, the macro guru says blockchain gives users and investors a chance to own and operate pieces of a network, as opposed to other systems where most people […]

The post Ex-Goldman Sachs Executive Explains Bullish Crypto Thesis, Says Markets Will Likely Outperform Tech Stocks appeared first on The Daily Hodl.

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VeChain and SingularityNET team up on AI to fight climate change

SingularityNET CEO Ben Goertzel says that AI and blockchain have the potential to solve problems that traditional mechanisms have “consistently, miserably failed.”

Artificial intelligence firm SingularityNET and blockchain firm VeChain have become the latest firms to marry blockchain with artificial intelligence — this time, with the aim of cutting down carbon emissions.

Over the last year, the crypto industry has seen an increasing amount of collaboration between blockchain and AI technology.

On Aug. 24, VeChain — a smart contract-compatible blockchain used for supply-chain tracking — announced a strategic collaboration with the decentralized AI services-sharing platform SingularityNET.

In a joint statement, the firms said the partnership will merge VeChain’s enterprise data with SingularityNET's advanced AI algorithms to enhance automation of manual processes and provide real-time data.

SingularityNET founder and CEO Ben Goertzel told Cointelegraph that blockchain and AI go hand-in-hand and can solve problems where traditional approaches often fail.

“The last few years have taught the world that when the right AI algorithms meet the right data on sufficient processing power, magic can happen,” said Goertzel.

Goertzel explained the partnership could, for example, allow AI to identify new ways to use VeChain’s blockchain data to optimize carbon emission output and minimize pollution.

“Achieving a sustainable and environmentally positive economy is an extremely complex problem involving coordination of a large number of different economic players,” he added.

“It's a problem at which traditional economic mechanisms have consistently, miserably failed.”

Meanwhile, VeChain Chief Technology Officer Antonio Senatore added: “Blockchain and AI offer game-changing capabilities for industries and enterprises and are opening new avenues of operation.”

Related: Here’s how blockchain and AI combine to redefine data security

In July, Bitcoin Miner Hive Blockchain changed its name and business strategy as part of its foray into the emerging field of AI. Hive Digital Technologies CEO Aydin Kilic told Cointelegraph in August that blockchain and AI are “both pillars of Web3.”

In June, Ethereum layer-2 scaling network Polygon announced its integration of AI technology. The AI interface called Polygon Copilot will help developers obtain analytics and insights for Dapps on the network.

Dr. Daoyuan Wu, an AI researcher from the Nanyang Technological University in Singapore and MetaTrust affiliate, told Cointelegraph that the “inherent autonomy of AI aligns seamlessly with the decentralized and autonomous characteristics of blockchain and smart contracts,” adding:

“It holds the potential to shift the current centralized governance prevalent in the blockchain ecosystem to a truly decentralized and self-governing paradigm.”

MetaTrust Labs is working on a project called GPTScan which works as a tool that combines Generative Pre-training Transformer (GPT) and static analysis to detect logic vulnerabilities in smart contracts.

“GPTScan is the first tool of its kind that utilizes GPT to match candidate vulnerable functions based on code-level scenarios and properties," added Dr. Daoyuan in an interview with Cointelegraph.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine: How to prevent AI from ‘annihilating humanity’ using blockchain

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US House Democratic coalition creates AI working group

Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology.

Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector.

The 97-member New Democrat Coalition announced its AI working group on Aug. 15, stating it would work with President Joe Biden’s administration, stakeholders and lawmakers from both sides of the political arena to develop “sensible, bipartisan policies to address this emerging technology.”

The group will focus on a range of issues including how best to leverage AI for growth while still ensuring that workers who stand to lose their jobs as a result of AI can remain employed.

Representative Derek Kilmer will serve as chair of the AI working group and told CNBC the primary focus of the working group was to crack down on the spread of misinformation and aired concerns on advanced AI-generated deepfakes becoming increasingly prevalent online.

“There’s real concern about the potential for AI generated disinformation, real concern about misuse of advanced AI models.”

“That’s the type of thing that requires Congress to get smart and get smart fast,” Kilmer added.

Related: Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

Lawmakers, academics and top tech CEOs have all signaled the need to reign in on the potential dangers raised by AI.

In May, Vice President Kamala Harris, along with Biden’s top advisers, held a meeting with several AI industry CEOs to discuss concerns about the risks associated with AI.

In June, President Biden held a meeting with experts in AI in Silicon Valley to discuss a similar subject.

AI Eye: Is AI a nuke-level threat? Why AI fields all advance at once, dumb pic puns

Additional reporting by Felix Ng.

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Under-the-Radar DeFi Altcoin Outpaces Overall Crypto Market This Week Amid Testnet Rollout of New Feature

Under-the-Radar DeFi Altcoin Outpaces Overall Crypto Market This Week Amid Testnet Rollout of New Feature

One under-the-radar decentralized finance (DeFi) altcoin is outpacing the overall crypto market this week as the project launches the testnet of a new payments feature. In a new announcement, cloud-focused DeFi protocol Akash Network (AKT) says it has rolled out the testnet of its Stable Payments feature, which will allow traders to settle payments using […]

The post Under-the-Radar DeFi Altcoin Outpaces Overall Crypto Market This Week Amid Testnet Rollout of New Feature appeared first on The Daily Hodl.

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Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities.

The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.

On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which would look into integrating AI across the U.S. defense apparatus so it can “design, deploy, and use generative AI technologies.”

In a statement, the Department of Defense said the aim is to use AI to enhance its business affairs, health, readiness, policy and warfighting capabilities.

Deputy Secretary of Defense Dr. Kathleen Hicks said part of Lima’s mission would also study how the department can defend against and respond to malicious or adversarial uses of AI.

The newly formed Chief Digital and Artificial Intelligence Office (CDAO) — which launched in June 2022 — will lead the new task force, with U.S. Navy Captain Manuel Xavier Lugo named Lima’s mission commander.

Lima’s creation comes as tensions between the U.S. and China over AI technology continue to heighten.

Related: Pentagon is testing whether AI can plan response to an all-out war

On Aug. 9 President Joe Biden signed an executive order that named China, Hong Kong and Macau as countries of concern and tech investments in those regions would be would regulated and restricted.

Such tech investments — deemed critical for China’s military, intelligence and cyber capabilities — included semiconductors which are often vital for developing AI models.

The order adds to restrictions on AI chip sales to China that Biden implemented in October 2022 and U.S. officials are mulling tighter controls on such sales.

Magazine: Experts want to give AI human ‘souls’ so they don’t kill us all

Bitcoin startups get dedicated crowdfunding platform

Solana Rival Aptos (APT) Partners With Microsoft To Work on Aritificial Intelligence and Web3: Report

Solana Rival Aptos (APT) Partners With Microsoft To Work on Aritificial Intelligence and Web3: Report

Solana (SOL) rival Aptos (APT) is reportedly partnering with tech giant Microsoft on a new push into artificial intelligence (AI) and web3 projects. According to a new TechCrunch report, Aptos Labs will integrate its blockchain technology with Microsoft’s Azure OpenAI Service to quicken web3 adoption. Says Mo Shaikh, co-founder of Aptos Labs, “The primary focus […]

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