The race to create artificial intelligence (AI) has been full of competition lately, particularly due to China making strides with their development of home-grown AI while cutting off reliance on US technology due to current sanctions. China's tech companies have been studying inefficient AI methods to find substitutes for advanced US developed chips, such as Nvidia's A100 and H100. With the lack of access to clear AI options, Chinese companies have been forced to search for alternatives, one of which is Tongyin Qianwen by the Chinese e-commerce giant Alibaba.

Amidst these developments, many US companies are also pushing the boundaries of AI capabilities via the likes of Microsoft's new AI powered features for its preexisting chatbot Bing, Google's AI division DeepMind and OpenAI's ChatGPT. In light of this, Chinese authorities recently announced an upcoming mandatory review of all generative AI services released within the country to ensure the appropriate operation of such services.

In addition to the development of AI technology, many are calling for a deeper exploration into the ethical implications of the technology, and how to ensure the balance between AIs and their human counterparts. A Magazine article is pushing for the study of a crypto powered system that would help to ensure control over AIs and establish an appropriate a form of incentivization for humans, in order to ensure mutually beneficial outcomes.

As the AI race continues, it is important that each of the capitalist players remains responsible in the development of AI technology and its ethical uses. The magnification of AI development and its capabilities must be characterized by responsible management and more effective means of management. AI overseen by a crypto-based system presents the world with a truly revolutionary means of managing AI on a large scale, while simultaneously providing more egalitarian economic opportunities for both machines and humans.



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