intelligence – Coin Network News https://coinnetworknews.com If it's coin, it's news. Tue, 12 Mar 2024 12:16:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency https://coinnetworknews.com/economic-intelligence-unit-nigerian-central-bank-lacks-capacity-to-defend-local-currency/ https://coinnetworknews.com/economic-intelligence-unit-nigerian-central-bank-lacks-capacity-to-defend-local-currency/#respond Tue, 12 Mar 2024 12:16:43 +0000 https://coinnetworknews.com/economic-intelligence-unit-nigerian-central-bank-lacks-capacity-to-defend-local-currency/ Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local CurrencyThe Economic Intelligence Unit has stated that the Central Bank of Nigeria cannot halt the rapid depreciation of the local currency. The continued volatility of the naira is expected to result in erratic regulation, primarily affecting businesses that hold foreign exchange. Nigeria Presses Ahead With Reforms The Economic Intelligence Unit (EIU) has stated that the […]

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AI And Bitcoin Companies Unite For Ai4ALL Hackathon To Democratize Artificial Intelligence https://coinnetworknews.com/ai-and-bitcoin-companies-unite-for-ai4all-hackathon-to-democratize-artificial-intelligence/ https://coinnetworknews.com/ai-and-bitcoin-companies-unite-for-ai4all-hackathon-to-democratize-artificial-intelligence/#respond Fri, 07 Jul 2023 16:29:34 +0000 https://coinnetworknews.com/ai-and-bitcoin-companies-unite-for-ai4all-hackathon-to-democratize-artificial-intelligence/

AI and Bitcoin companies are teaming up to host the Ai4ALL Hackathon, a month-long event aimed at democratizing artificial intelligence with the help of Bitcoin, Lightning and Fedimint. Organized by Fedi and Stak, the hackathon will take place remotely on the BOLT.FUN and Replit platforms from July 1 to July 31, 2023. Participants will have the opportunity to engage in workshops, coding sessions, tutorials and mentorships led by industry experts from both the AI and Bitcoin ecosystems.

The focus of the hackathon is to explore the integration of decentralized technologies with generative AI to promote access and adoption on a global scale. The organizers believe that this combination can empower individuals and communities, bridging the gap between different regions and creating opportunities for those in challenging environments.

“We’re at a critical moment in the development of generative AI that will help determine whether it is controlled by centralisers, censors, and legacy institutions, or by free and empowered people and communities,” said the organizers in a press release sent to Bitcoin Magazine.

The event is presented in collaboration with Replit and has garnered sponsorship from companies such as Hivemind Ventures, Spirit of Satoshi, Zebedee and Prem. Additional support comes from Voltage, Lightning Labs, Blockstream, Alby, Bolt.Fun, Lightspark and Base58.

Companies interested in sponsoring projects and prizes can still participate, and those who wish to compete or collaborate can find registration information and updates on the Ai4ALL Hackathon website.

With the collaborative efforts of AI and Bitcoin communities, the hackathon aims to foster innovation and promote the accessibility of AI technology and Bitcoin worldwide.

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When Bitcoin Meets Artificial Intelligence: Woke Madness Or Awakened Sanity? https://coinnetworknews.com/when-bitcoin-meets-artificial-intelligence-woke-madness-or-awakened-sanity/ https://coinnetworknews.com/when-bitcoin-meets-artificial-intelligence-woke-madness-or-awakened-sanity/#respond Wed, 24 May 2023 12:45:42 +0000 https://coinnetworknews.com/when-bitcoin-meets-artificial-intelligence-woke-madness-or-awakened-sanity/

This is an opinion editorial by Aleksander Svetski, author of “The UnCommunist Manifesto,” The Bitcoin Times and the “Remnant Series,” and head of growth and strategy at Lucent Labs.

I know, I know. Your Twitter feed has probably been drowning in threads and tips from AI bros who have discovered 99 ways for you to save 99 hours every week using ChatGPT or some other list of 99 AI apps.

I’m sick of it too. Trust me, especially considering that most of these AI “experts” were Web3 “experts” last year, NFT “experts” the year before and DeFi or crypto “experts” before that. Trend hopping at its finest.

That’s not to say there’s no value here to be found here. Somewhere beneath or behind the almost-deafening noise coming from these influencooors there is a possible paradigm shift, and a genuine set of use cases. We’ve seen some already, of course.

You can chat with these models to reason out a problem, you can summarize thoughts and ideas, find correlations between ideas, search for some information better than you could with Google and, of course, build more linguistically-functional chatbots. Perhaps the best use case thus far are the dev-assistant tools, but I get the sense that we’ve not yet seen the “Uber moment.”

There is also — somewhere beneath and behind all of the scary talk of artificial general intelligence (AGI) and the idiocy being proposed by bureaucrats and would-be regulators — a more human-centric, human-enhancing use for these tools.

The idea of a language user interface as the next step from the thumb tapping we’ve become used to over the past decade is fascinating, and what we should be thinking about is how to make these tools new “bicycles for the mind,” as Steve Jobs said about computers. It’s very important that we push back against doomer narratives that lean the world toward “approved AI” in order to avoid such tools becoming yet another appendage of the State.

In this short article, I’d like to explore the ideological AI battlefield and its relationship to Bitcoin. Some pretty important battle lines have been drawn, and we must all be aware of them.

Bitcoin Remains The Most Important Thing In The World

Energy is still the currency of the universe. That’s not changing, and will never change. At the risk of sounding like too much of a hippie: It’s all energy.

People often forget that, and this recent AI hype cycle is a clear example. Most people you talk with, even otherwise smart people, think that AI is the biggest thing happening in the world today, and that it’s mankind’s most important innovation.

I think they’re wrong, in a big way. They’re missing something more foundational.

AI is a tool. When applied well, it’s a very effective tool. But however effective a tool it may be, it needs energy to run. Yes, it can and will enhance how we use and allocate energy, but ultimately, it is an amplifier. A tool. An “engine,” so to speak.

What is Bitcoin?

Well, Bitcoin is like energy. Before the Saylor-haters out there screech about that not being literally accurate: I know! It’s a metaphor, and in my opinion, a useful one. It’s useful because, in the same way we can essentially use energy to measure everything else, money is a measure that helps us (implicitly) account for energy, time and material resources.

If we understand that Bitcoin, on a long enough time scale (generationally speaking, not civilizationally) becomes money, then here’s the truth that AI people are missing:

Bitcoin benefits from all of it, because Bitcoin is the foundation. Everything that happens, every technology, every tool, every innovation, enlarges the total Bitcoin pie.

So, don’t get it twisted: AI is big, but Bitcoin remains king.

Of course, in terms of financial returns, VC money and the like, AI companies will probably outpace both bitcoin returns (in the short term) and also Bitcoin company returns, but that’s to be expected in a fiat world where hype prevails over sanity, and we experience abnormal cyclicality.

AI is also undergoing a sort of renaissance, so there is lots of buzz. This will, in time, stabilize and as bitcoin becomes the unit of account, lo and behold, all of the real value generated from AI will ultimately accrue to bitcoin and bitcoin holders.

So, don’t stress if you’re feeling FOMO on AI. Don’t worry about changing your entire life around because some ex-crypto-turned-AI-expert guy wrote a viral tweet telling you about some new, generative AI tool that will obsolete some and make others mega rich.

Slow and steady continues to win the race. Bitcoin continues to be king.

AI Is An Amplifier

The second thing we need to realize is this: AI is like the computer or any other technology, for that matter.

It’s an engine. It’s an amplifier.

It will amplify madness, stupidity and lies, or it will amplify soundness, sanity and truth.

It can be used as a tool of control and stupidification, or it can be used as a tool for liberating oneself from minutia and for enhancing one’s intelligence.

The direction we wind up ultimately depends on you.

Which tools are you using? Which do you demand? Which are you building? Which are you supporting?

Companies like Snapchat are building AI tools to infect your mind with nonsense:

Source

OpenAI is busy guard-railing ChatGPT to such a degree that it spends more time apologizing and moralizing than it does answering actual questions.

Bard is, likewise, regurgitating the same kind of garbage, likely because it’s been neutered by “bias-removal” tools and toxicity filters.

These stupidities only serve to constrain people’s accepted thinking and speech, which results in a homogenization of thought. This can have two effects. In the worst case, so-called “safety concerns” lead to “approved AI” which ultimately leads to an internet that is accessed through chat filters with approved speech conditions. The alternative is if we push back and build alternatives. Their ignorance becomes our opportunity. While they focus on wokeness, we can build utility and authenticity.

Which brings me to my final point:

We’re In A Global AI Arms Race

The race is between two versions of the world:

  1. On the one hand, we have woke, generalist AIs that everyone is forced to use because newly-formed regulatory bodies deem them “safe” (see the ridiculously-moronic work being done by Gary Marcus to set up such a global committee).
  2. On the other, we have a future of distributed, more sovereign tools that people can choose from, that the user evaluates on merits they deem important.

I know which future I want to see, and instead of sitting on the sidelines complaining, I’m working toward building alternative or parallel solutions.

In a future article, I’ll lay out what myself and a few really talented individuals have been working on. A beautiful marriage of Bitcoin as the focal point and Ai as the engine.

In the meantime, know this: The battle lines have been drawn.

It’s iris-scanning, central bank digital currencies (CBDCs) like World Coin on one end, conveniently run by the same leadership as OpenAI, versus Bitcoin and smaller, more accurate, specialized and open-source language models on the other.

Source

We all have to make a choice about the kind of world we want to live in. Woke madness, or awakened sanity? Mainstream and generalized, or local and specialized?

In my next piece, I will present a potential solution, or at least a way forward. Until then, think deeply about what I have said. Don’t get flustered by all the hype. Remain steady in your conviction, remain vigilant with the narratives being pushed and be ready for the next battle — because it’s coming.

This is a guest post by Aleksandar Svetski, founder of The Bitcoin Times and The Amber App, author of “The UnCommunist Manifesto,” “Authentic Intelligence” and the up-coming “Bushido Of Bitcoin.” Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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How is artificial intelligence used in fraud detection? https://coinnetworknews.com/how-is-artificial-intelligence-used-in-fraud-detection/ https://coinnetworknews.com/how-is-artificial-intelligence-used-in-fraud-detection/#respond Mon, 24 Apr 2023 08:37:21 +0000 https://coinnetworknews.com/how-is-artificial-intelligence-used-in-fraud-detection/

AI technologies have a vital role in fighting cybercrime by enhancing the most commonly used cybersecurity systems.

AI and ML have a crucial role in online fraud detection, where algorithms detect fraudulent activities in online transactions, such as credit cards, online banking or e-commerce transactions. These algorithms can be applied in real-time to identify and flag suspicious activities. 

AI and ML in online fraud detection and cybersecurity

A cybersecurity threat is any activity, event or situation that has the potential to cause harm to computer systems, networks or data. According to the Global Economic Crime and Fraud Survey 2022, after customer fraud, the second most common type of threat that financial services face is cybercrime.

Cybercrime refers to criminal activities involving technology, such as computers, networks or the internet. These activities can result in various harms, including financial loss, data theft or destruction and reputation damage. The most common cyber threats include hacking, phishing, identity theft and malware.

A Cyberattack is a specific type of cybercrime that involves an intentional attempt by a third party to disrupt or gain unauthorized access to a system or network.

Cybersecurity is defending different systems, networks and devices from malicious attacks. A crucial element of cybersecurity systems is the real-time monitoring of all electronic resources. The biggest software companies, like IBM, already use AI-powered technologies to enhance their cybersecurity solutions. 



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5 emerging trends in deep learning and artificial intelligence https://coinnetworknews.com/5-emerging-trends-in-deep-learning-and-artificial-intelligence/ https://coinnetworknews.com/5-emerging-trends-in-deep-learning-and-artificial-intelligence/#respond Sat, 22 Apr 2023 14:06:25 +0000 https://coinnetworknews.com/5-emerging-trends-in-deep-learning-and-artificial-intelligence/

Explore five emerging trends in deep learning and artificial intelligence: federated learning, GANs, XAI, reinforcement learning and transfer learning.

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How is artificial intelligence revolutionizing financial services? https://coinnetworknews.com/how-is-artificial-intelligence-revolutionizing-financial-services/ https://coinnetworknews.com/how-is-artificial-intelligence-revolutionizing-financial-services/#respond Sat, 22 Apr 2023 10:20:30 +0000 https://coinnetworknews.com/how-is-artificial-intelligence-revolutionizing-financial-services/

The future of AI in finance is exciting, with the potential to improve efficiency, accuracy and customer experience. However, it will be essential for financial institutions to carefully manage the risks and challenges associated with the use of AI.

The use of AI in financial services has the potential to significantly improve the sector. Several facets of finance have already been transformed by AI, including fraud detection, risk management, portfolio optimization and customer service.

Automating financial decision-making is one area where AI is anticipated to have a large impact in the future. This could involve the examination of massive amounts of financial data using machine learning algorithms, followed by the formulation of investment recommendations. With AI, customized investment portfolios might be constructed for clients depending on their risk appetite and financial objectives.

In addition, AI-powered recommendation engines could also be developed to offer customers targeted products and services that meet their needs. This could improve customer experience and satisfaction while also increasing revenue for financial institutions.

However, there are also potential challenges associated with the use of AI in finance. These include data privacy concerns, regulatory compliance issues, and the potential for bias and discrimination in algorithmic decision-making. It will be important for financial institutions to ensure that AI is used in a responsible and ethical way and that appropriate safeguards, such as transparent algorithms and regular audits, are in place to mitigate these risks.



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Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT https://coinnetworknews.com/elon-musk-to-launch-truth-seeking-artificial-intelligence-platform-truthgpt/ https://coinnetworknews.com/elon-musk-to-launch-truth-seeking-artificial-intelligence-platform-truthgpt/#respond Mon, 17 Apr 2023 22:48:26 +0000 https://coinnetworknews.com/elon-musk-to-launch-truth-seeking-artificial-intelligence-platform-truthgpt/

According to an April 17 Fox News report, Elon Musk told Fox anchor Tucker Carlson that he’s developing a ChatGPT rival known as “TruthGPT,” a large language model (LLM) that Musk says will be trained to explore the mysteries of the universe. 

“I’m going to start something which I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe.” 

This truth-seeking AI, as per Musk, will also push back against what he perceives as “left-wing” bias in the industry. Musk told Carlson that ChatGPT “is programmed by left-wing experts, which train the chatbots to lie.” Carlson, for his part, also stated that “the deeper problem is not simply that it will become autonomous and turn us all into slaves, but that it will control our understanding of reality and do it in a really dishonest way,” adding that “it could be programmed to lie to us for political effect.”

Musk also appeared to address concerns over his entering the crowded LLM market — a move he signaled with the purchase of a reported 10,000 GPUs — just weeks after signing a petition calling for a pause on related research in order to evaluate safety concerns:

“I think this might be the best path to safety in the sense that an AI that cares about understanding the universe is unlikely to annihilate humans because we are an interesting part of the universe.”

Artificial intelligence has also demonstrated its capacity when it comes to blockchain applications. Since March 17, Cointelegraph has been reporting on a series of token trades conducted by ChatGPT-4. When prompted on how to allocate $100 on certain coins or tokens, ChatGPT-4 recommended $50 to Bitcoin (BTC), $25 to Ether (ETH), $15 to Cosmos’ ATOM (ATOM), and $10 to nonfungible tokens and other Web3 projects. According to the chatbot:

“The overall trend shows that Bitcoin acts as a safe haven during times of financial instability, such as the recent Silicon Valley Bank and Signature Bank failures. Additionally, Bitcoin’s dominance is nearing 50%, and some analysts predict a move towards $100k.”

Magazine: FTX considers reboot, Ethereum’s fork goes live and OpenAI news