As a seasoned researcher with a deep interest in the intersection of technology and finance, I find Grayscale’s latest venture into decentralized artificial intelligence (AI) particularly intriguing. With my background in analyzing market trends and identifying emerging technologies, I have witnessed the rapid growth and increasing dominance of AI in various industries. However, I have also been concerned about the risks associated with its centralization.
On July 17th, a well-known cryptocurrency asset manager unveiled the Grayscale Decentralized AI Fund LLC. This new fund intends to give investors the opportunity to invest in the burgeoning sector of artificial intelligence within the crypto world.
As an analyst, I would describe it this way: I manage a fund that undergoes quarterly rebalancing. The portfolio comprises a selection of decentralized AI crypto projects including Bittoric (TAO), Filecoin (FIL), Livepeer (LPT), Near Protocol (NEAR), and Render (RNDR).
Grayscale’s New Decentralized AI Fund
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, noted that the new Grayscale Decentralized AI Fund rollout offers investors a chance to be part of the early stages of investing in Decentralized Artificial Intelligence.
“Grayscale believes that blockchain-driven AI systems uphold the values of decentralization, accessibility, and transparency. These systems have the potential to address the inherent risks associated with the widespread adoption of AI technology.”
The fund focuses on investing in three primary sectors: the advancement of chatbot technology, generative images, and additional decentralized artificial intelligence applications; addressing challenges related to centralized AI, including deepfakes, misinformation dissemination, and bot authenticity verification; and promoting infrastructure development for AI, encompassing GPU computation, data storage solutions, decentralized marketplaces, and various other relevant services.
Centralization Risks in AI
Grayscale explained in their announcement that the rationale for launching this new fund stems from the concentration of artificial intelligence (AI) innovation and growth among a limited number of key companies leading its advancement and widespread use.
As a dedicated researcher exploring the evolving landscape of artificial intelligence (AI), I’ve noticed an intriguing trend: the emergence of numerous decentralized AI companies and protocols. These innovations aim to harness the complete power of AI technology, responding both to the relentless march of technological progress and to the growing demand for practical applications in various fields.
The asset manager highlighted that these decentralized AI projects mitigate certain drawbacks and hazards linked to centralization. By employing blockchain technology for distribution of control and decision-making, these initiatives ensure unhindered usage of AI technologies while enhancing transparency.
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2024-07-17 22:38