Artificial Superintelligence Alliance Forms in $7.5B Token Merger: Balancing Blockchain, AI Ecosystems
Summary:
The Artificial Superintelligence Alliance (ASI) was formed via a $7.5 billion token merger uniting Fetch.ai, AGIX, and Ocean Protocol. Kip Protocol CEO Julian Peh lauded the blockchain-AI merger, but expresses concerns over emerging AI monopolies. He emphasizes the key place of decentralized AI tools for blockchain developers, allowing contributors to determine their individual price-per-query when deploying AI assets, aiming to foster a competitively balanced AI ecosystem. Humayun Sheikh, CEO of Fetch.ai, asserts that the protocol is poised for revenue generation, with a future focus on launching AI-enhancing products.
The Artificial Superintelligence Alliance (ASI), uniting the fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN) communities, was formed in a notable $7.5 billion token merger that exemplifies the rising connection between blockchain and artificial intelligence. This merger is seen by some as a key stepping stone to reducing obstacles and enhancing collaborations, but others have cautioned about the risk of over-centralization. Julian Peh, CEO of Kip Protocol, an AI base layer for Web3, expressed his concern over the recent establishment of "monopolies" in the AI sector. He suggests that massive corporations like OpenAI are monopolizing our collective data, potentially rendering us mere consumers in the AI-dominated future. Peh also stressed the importance of restoring ownership rights for a meaningful role in this AI future.
Kip Protocol was created by Peh as a pathway to construct decentralized AI tools for blockchain developers. The primary goal is to connect an AI Model with the end-user app through an AI product, and depending on the product's nature, it may also integrate an external dataset. The future of a balanced and competitive AI ecosystem as seen by Peh and his team implies that models, applications, and data sets do not necessarily belong to be owned or created by the same entities. Yet, there should be a platform for each individual developer to share data and assemble components.
Regarding the mechanism in KIP Protocol to automate the distribution of revenues among application developers, model trainers, and data creators, Peh explained that whenever an AI asset is deployed on-chain, each contributor determines their price-per-query. The user pays this cumulative price-per-query to interact with the app, model and/or dataset linked to it. The KIP Protocol contracts then automatically share this payment with every contributor.
The concept allows individuals to set their own prices while leaving the market forces to operate freely. If, for instance, a contributor charges 10 KIP per query for their dataset, its rarity and quality may attract customers. But a competitor offering a superior dataset for just 5 KIP could force the first contributor to rethink pricing.
Meanwhile, Humayun Sheikh, Chairman of the Artificial Superintelligence Alliance and CEO of Fetch.ai, commented that the $7.5 billion protocol is positioned to generate revenue. He noted that the focus in the short-term will be to launch numerous commercial products to enhance AI applications.
Published At
6/24/2024 8:15:55 PM
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