CandleFocus Blockchain Should Seize GenAI’s “Trough Of Disillusionment” Moment
2024-09-15
Author: Content Editor
Generative AI, after initially gaining popularity among VCs and executives, is now facing a decline known as the "trough of disillusionment." This is due to its failure to deliver promised productivity gains and concerns over underlying data, including antitrust suits and accusations of algorithmic bias. However, blockchain-based AI projects have the opportunity to shine by addressing these issues and providing innovative solutions. Initiatives such as SingularityNET, DeepBrainChain, and Ocean Protocol have been around for years and offer promising approaches to data exchange, GPU aggregation, and compensation for copyright owners. Blockchain can enhance transparency, fair compensation, and user privacy, but these projects face challenges in competing with established big tech-backed AI firms. Despite that, the current decline in generative AI presents an important opportunity for AI blockchain projects to differentiate themselves and offer distinct advantages.
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