Blockchain developers warn of centralization risks in crypto AI race

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Cointime2024/06/25 00:10

By:Cointime

Julian Peh, CEO of Kip Protocol, warned in an interview that there is a risk of centralization in the AI field with the merger of Fetch.ai, AGIX, and Ocean Protocol into the $7.5 billion Artificial Super Intelligence Alliance (ASI). He pointed out that companies like OpenAI are training giant models with collective data and completely controlling the regulatory process, which could lead to individuals losing economic participation in the future. Peh emphasized that to have a say in the AI-driven future, ownership of data and knowledge must be regained. He introduced that Kip Protocol aims to provide decentralized AI infrastructure for blockchain developers, promoting fair competition and resource sharing. In addition, Humayun Sheikh, CEO of Fetch.ai, stated that the protocol is ready to generate revenue in the short term through the deployment of agent networks and commercial products.

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