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 […]
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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.
One thing’s clear: there’s risk of an AI trust gap.
— Salesforce (@salesforce) August 28, 2023
As more and more businesses use AI, it’s on the brands to earn their customers’ trust.
Check out more findings from the new State of the Connected Customer Report: https://t.co/YJhtaHQQZk pic.twitter.com/Roa0BJjFoQ
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%.
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.
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.
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
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 […]
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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.
Dr Ben Goertzel says an AGI deployed across millions of nodes around the world can't be taken over by hostile, centralized forces: "Blockchain solves that problem better than it solves the problem of money,” he says. https://t.co/jPlp5BrSUY
— Cointelegraph Magazine (@CointelegraphZN) May 2, 2023
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
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.
Artificial Intelligence is the biggest technological threat we've faced since the invention of the atomic bomb.
— Rep. Seth Moulton (@RepMoulton) August 15, 2023
I am proud to be a part of the @NewDemCoalition's AI Working Group to assess the dangers and opportunities posed by AI and develop a framework to regulate it. https://t.co/99hGdHgb7x
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.
Artificial intelligence is the next great frontier of technological advancement.
— Rep. Derek Kilmer (@RepDerekKilmer) August 15, 2023
And we’re already seeing how breakthroughs in this emerging technology present both great opportunities and challenges with potential disruptions for workers, democracy, and national security. https://t.co/hflVef6k9Y
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.
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 […]
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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.
Today, @DepSecDef signed Task Force Lima into effect. This @DeptofDefense-wide generative AI task force will examine generative AI use cases from across the federal government & develop recommendations on responsibly using these powerful tools. Learn more: https://t.co/GELM3aJqRf
— DOD Chief Digital & AI Office (@DODCDAO) August 10, 2023
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
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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Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025.
Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs.
In an Aug. 1 investment report, Goldman Sachs economists Joseph Briggs and Devesh Kodnani predicted that AI could pull as much as $200 billion in global investments by 2025 — with half of that in the United States — boosting its gross domestic product (GDP).
While past tech booms spurred by the introduction of electricity and PCs saw GDP grow 2%, Goldman economists estimated that AI could account for up to 4% of GDP in the United States and 2.5% in other nations that have already begun investing heavily in the technology.
Projection of AI investment growth globally and in the U.S., China over next three years. Source: Goldman Sachs
Goldman attributed much of the expected gains to the rapid advancements being made in generative AI. The most notable example of generative AI technology is OpenAI’s chatbot ChatGPT, but the sub-sector also includes tools such as image creation software Midourney, and text-to-speech generator Eleven Labs.
"Generative AI has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage.”
But these productive benefits of generative AI come with a cost, namely that businesses will need to start investing heavily, and soon.
"For large-scale transformation to happen, businesses will need to make significant upfront investment in physical, digital, and human capital to acquire and implement new technologies and reshape business processes," read the report.
Related: ChatGPT’s capabilities are getting worse with age, new study claims
Goldman also noted the number of companies that have mentioned or integrated AI, with 16% of Russell 3000 companies mentioning AI in their earnings calls. Considering this figure is up significantly from less than 1% in 2016, the bank said this puts America on the front foot when it comes to innovation in AI.
"The U.S., meanwhile, is positioned as the market leader in AI technology, and American companies will likely be relatively early adopters."
The economists noted that while the timing of the AI investment cycle is hard to predict, current business surveys suggest that AI will begin to have its most significant investment impact after 2025.
AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?
Artificial intelligence (AI) will soon work its way into the crypto ecosystem and become a huge chunk of blockchain activity, according to a veteran crypto investor. Venture capitalist Chris Burniske, a partner at Placeholder Capital and former ARK Invest analyst, says that “AI agents” will eventually dominate crypto networks, forcing us to start to figure […]
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