- And while many of the tech giants working on AI like Google and Facebook have open sourced some of their algorithms, they hold back most of their data.In contrast, blockchains represent and even incent open data.
- For example: creating a decentralized Uber requires a relatively open dataset of riders and drivers available to coordinate the network.The network effects and economic incentives around these open systems and their data can be more powerful than current centralized companies because they are open standards that anyone can build on in the same way the protocols of the internet like TCP/IP, HTML, and SMTP have achieved far greater scale than any company that sits atop them.
- And oracle systems (a fancy way of saying getting people all over the world to report real world information to the blockchain in a way we can trust) like Augur will inject more data.This open data has the potential to commoditize the data silos most tech companies like Google, Facebook, Uber, LinkedIn, and Amazon are built on and extract rent from.
- AIs trained on open data are more likely to be neutral and trustworthy instead of biased by the interests of the corporation who created and trained them.Since blockchains allow us to explicitly program incentive structures, they may make the incentives of AI more transparent.Simplified, AI is driven by 3 things: tools, compute power, and training data.
- My guess is they shift to 1) creating blockchain protocols and their native tokens and 2) AIs that leverage the open, global data layer of the blockchain.
Sam Altman recently wrote that we are entering an era of hyperscale technology companies. These companies own massive troves of data with strong network effects around them and they are only getting…
Continue reading “Blockchains are a data buffet for AIs – Fred Ehrsam – Medium”