Luno report: Can crypto save AI from the trappings of the internet?

Artificial Intelligence (AI) is arguably the most transformative technology since the internet, and the opportunities it offers are vast, but so are the risks. Questions of ownership, data security, and industry monopolisation are rapidly surfacing as the technology continues to permeate both personal and professional life. In response, some are building a new kind of AI network, one that doesn’t rely on a single company to “do no evil,” as Google once put it, but instead operates in a decentralised way, distributing responsibilities and workloads across multiple actors in a blockchain system.

In this new Luno report, The Promise of Decentralised AI, we look at the role of decentralisation in AI networks and how such systems can add value to everyday life. Key industry players also share their perspectives on the interplay between the two technologies.

What’s in this report?

Can cryptocurrency save AI from falling into the same trap as the internet?

AI has a centralisation problem, and decentralised cryptocurrency networks could be the solution. But that strength – decentralisation – may also be its weakness.

Inside Bittensor’s radical AI experiment

Evan Malanga from Yuma, a Bittensor accelerator, explains how they’re helping build the world wide web of artificial intelligence.

Solving real-world problems with decentralised AI

Decentralised AI crypto applications are capable of many of the same tasks as centralised AI apps, they’re just built on different infrastructure. But setting the crypto foundations aside, what do these applications actually do?

*Investing in cryptocurrency may result in the loss of capital as the value can fluctuate.

This information is not intended to be nor does it constitute financial, tax, legal, investment or other advice; nor is it a call to trade.

The information is intended as general market commentary for information purposes only. Before making any decision or taking any action regarding your finances, you should consult a qualified Financial Advisor. The opinions expressed in this report are independent commentary and do not necessarily reflect Luno’s view or receive its endorsement.