EXCLUSIVE: Promising Use Cases For AI And Blockchain With SingularityNET CEO Ben Goertzel

Ben Goertzel, CEO of SingularityNET on Tuesday shed light on the promising use cases for AI and blockchain technology in the near future, asserting that the most significant impact will be felt on finance, healthcare and entertainment sectors.

In an interview with Benzinga, Goertzel emphasized the ethical and democratic deployment of Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) through the newly formed Artificial Superintelligence Alliance.

This alliance aims to counteract the narrow focus of Big Tech by promoting a diverse array of AI algorithms working together, fostering robust AI systems with a wide variety of capabilities.

Ethical Deployment And Democratization Of AI

Goertzel highlighted the ethical approach of the ASI Alliance in compensating individuals fairly for their data contributions, unlike Big Tech’s often exploitative practices.

“We promote a greater diversity of AI algorithms, all working together, rather than narrow-focusing on a small set of algorithms as Big Tech is going,” he said.

This approach includes utilizing a variety of compute resources, from home computers to data centers, ensuring a decentralized network for advanced AI purposes.

Challenges And Overcoming Adoption Barriers

Addressing the challenges of developing decentralized AI systems, Goertzel noted, “We have already overcome all the major technical challenges in creating decentralized AI protocols with a high level of transparency and security.”

The main hurdle now is growing adoption in a market where Big Tech has already secured significant mindshare and financial resources.

Benzinga’s Future of Digital Assets will explore how emerging internet technologies will continue to intertwine with and boost the digital asset ecosystem in a separate agenda point.

Technical And Strategic Advantages Of Token Mergers

The merger of FET FET/USD, OCEAN OCEAN/USD and AGIX AGIX/USD tokens into a single $ASI token is a strategic move to create unprecedented scale and power in the AI ecosystem.

Goertzel explained, “Ocean Protocol excels in decentralized data management, Fetch.ai has an advanced approach to decentralized agent systems, and SingularityNET has focused on decentralized infrastructure for general intelligence.”

This integration will accelerate the path to decentralized AGI by effectively managing data and connecting with commercial applications.

Applications Across Various Industries

The decentralized neural-symbolic AGI system being developed by the alliance is expected to have significant impacts across finance, healthcare, and entertainment.

Goertzel pointed out that such a system will excel in areas requiring complex multi-step reasoning and creativity, making it highly valuable in industries where accuracy and innovation are critical.

“For any business or humanitarian application where truth is important and AI ‘hallucinations’ are not acceptable, this sort of system will have dramatically more economic and customer value,” he stated.

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Ensuring Ethical Use And Development Of AGI

Goertzel believes that decentralized AI systems are inherently more reliable and ethical than centralized ones.

“Decentralized systems have more people with a sense of personal vesting in ethical system performance than centralized ones,” he said, emphasizing the importance of diverse involvement in assessing and improving ethical behavior.

Engaging Communities And Navigating Regulatory Challenges

Engaging with and gaining the trust of respective communities is crucial for the alliance’s success. Goertzel noted that their communities understand the need to join forces to compete with Big Tech’s centralized AI systems.

Regarding regulatory challenges, he said, “Regulators are more comfortable with blockchain networks that are more thoroughly decentralized,” suggesting that the alliance’s decentralized approach will help navigate these complexities.

Promising Use Cases And Future Prospects

The alliance sees numerous promising use cases for decentralized AI across various vertical markets.

Projects like Jam Galaxy, Mind Children, and Rejuve.AI are applying decentralized AI to music, robotics, media, and medical applications, respectively.

The alliance’s foundational technology is well-positioned to serve as decentralized AI infrastructure across these verticals and more.

As the ASI Alliance advances towards a future where machines vastly exceed human intelligence, Goertzel envisions a transition to an open, decentralized, and democratized economy driven by powerful AI systems.

“The ASI Alliance is ideally configured to play a leadership role in the coming transition toward an economy driven by AI systems that are both more powerful and more democratic and open than anything we see today,” he said.

The discussion with Ben Goertzel aligns with the themes to be explored at Benzinga’s Future of Digital Assets event on Nov. 19, where industry leaders will delve into the evolving landscape of digital assets and AI integration.

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