AI is the popular industry narrative but does it last?
Fundamentally AI and blockchain are very different. Blockchain utilizes distributed computing whereas AI requires computational power. In blockchain every node runs calculations to ensure a block is valid, whereas AI utilizes resources to train neural nets based on a variety of datasets.
For example, say you want AI to help you trade. You feed in historical stock data, you define an algorithm which models PNL, and based on that feedback the AI adjusts its neural network weights/biases. This results in an algorithm which has been trained on previous data. An answer found through consensus can be subjectively right or wrong, however an answer found by AI will be objectively right based on historical data. Blockchain distributed architecture makes computation expensive, and not conducive for AI applications.
So now that we've identified a few limitations, how could blockchain and AI technologies leverage one another to provide a tangible real-world solution? Enter Bittensor ($TAO). TAO is attempting to use blockchain technology to rank and incentivize P2P nodes which provide computational resources used to train/produce machine intelligence, a very difficult task. This enables standalone engineers to monetize their work by supporting the proliferation of diverse intelligence systems, rather than perpetuating large monolithic models seen today.
As the AI narrative continues to grow, I suspect many projects will attempt to leverage this by jumping on the bandwagon. I also suspect ill-informed investors will end up losing money as a result.
While I consider AI projects to be risky, I believe TAO to be the strongest AI project within the space. Show Less
9
