Pantera Capital’s Post

Having delved into AI in recent months, I've gained some insights, and I also wanted to share this article I came across today (at the end of the post from #bankless). - Closed-source AIs may face a bleak future, contrary to tech giants racing to acquire H100s for training foundational models and keeping them closed-source. (who knows what kind of governance is used) - Open Source is the way, but how? The fundamentals of crypto can help with this: Open source, decentralization, incentivization via Tokens, and permissionless are some of the cornerstones of the ecosystem. Within in the Bitcoin ecosystems for example Miners are running the mining rigs needed to mine new blocks - their reward is new bitcoins (and smaller transaction fee). They are incentivized to make sure that the network keeps working as intended. If it failed, their hardware would become worthless. Translating this to AI infrastructure, participation in an open source AI project could be incentivized through well-thought-out tokenomics: Earning Tokens: - Providers offering underutilized or purpose-built GPUs (like H100s) - Decentralized training enables diverse participation in building out the foundational models - Permissionless creation of agents utilizing the foundational models Token spend: - Users engaging and transacting within the ecosystem and paying for those services With increased participation, the network will become more valuable, and every participant will be incentivized to ensure the soundness of the model. Further, with the right design, every participant can own a piece of it. While early successes emerge, challenges persist: - Governance, Ethics (Explainability, Truthfulness, Transparency, Privacy, Regulation). - Parallelization, if GPUs are not co-located - Energy consumption, Cooling, Supply constraints. - Addressing the implications of achieving AGI (Artificial General Intelligence). Exciting times lie ahead, poised to revolutionize industries. The fusion of AI and Crypto incentivization holds immense potential for rapid progress. Some other startups not mentioned in the article are #akashnetwork and #ionet that are trying to drive this progress. Read more: [Link to Article](https://lnkd.in/dXkEgtDY)

Crypto And AI Can Help You To Build Next Generation Wealth - If You Play Your Cards Right: Next-generation wealth is going to be built within the next 2 to 3 years, through crypto and AI. Don't be late to the party.

thestreet.com: The text discusses the significant impact of figures like Musk and BlackRock on crypto prices, as highlighted in a recent discussion with Roundtable anchor Rob Nelson. - Artificial Intelligence topics! #ai #artificialintelligence #intelligenzaartificiale

Vitalik has shared a fascinating article on the possible combination of crypto and AI. This is a must-read for anyone interested in the future of these industries. Check it out here: https://lnkd.in/g_Ajjadj 💰 🤖 #crypto #AI #tech #finance

AI and Crypto: Not Just for Geeks Anymore! Here’s the scoop: GPU's aren’t just for gaming or mining digital coins that might only be worth the electricity they burn. Now, we’re throwing them at AI. Why? Because we can, and because there might be some money in it-not just digital Monopoly money. 🎮 Gamers Are the New Crypto Kings Remember when gaming rigs were just for blasting aliens? Well, now your GPU can help train AI to probably do the same thing but in the real world. With crypto mining becoming about as profitable as betting on horses, it's time to switch gears. Let's be honest-most of us didn’t see that Ethereum change coming, did we? But it's not just about swapping mining for another tech buzzword. It's about using what's in your tech graveyard to power up the next wave of AI miracles or monstrosities, depending on who you ask. Got an old GPU lying around? Congrats, you're potentially the next big name in AI, or at least you can pretend to be on social media. 📉 Is There a Catch? Absolutely. With easier access to AI setups, every Joe with a GPU thinks they’re the next Elon Musk. Expect more scams and more half-baked AI projects promising to revolutionize staring out the window or whatever. It's the Wild West out there-plenty of sheriffs, but even more outlaws. And let's not forget the environmental lecture we'll get from all sides. Yes, running these AI models is like leaving your car idling 24/7, but hey, at least your digital footprint is doing something productive, right? 🤔 So, What’s Next? As we gear up for this new use of old tricks, let’s not kid ourselves about the potential mess. We’ll see some genius moves, some disasters, and a lot of hilarious fails. Keep your wits about you, don’t bet the farm on black, and maybe, just maybe, we’ll see some actual progress amidst the chaos. What about the gamers? Well, as AI demands more GPU power, watch the gaming community get cozy with the crypto folks. Gamers need GPU's, AI eats GPU's for breakfast, and crypto? Well, crypto just wants to make sure it's still in the conversation. Laugh, cry, or just watch from the side-lines, AI and crypto are here to stay, and they’re about as predictable as a cat on a skateboard. Whether you're mining, gaming, or coding, remember: in the digital gold rush, sometimes it’s the folks selling shovels who make a killing.

Meet the Breakout Coin That Will Mirror Solana’s Success in 2024, $500 Today Could Soon Become $45,000 https://lnkd.in/dHuczVya #Solana #RetikFinance #Retik #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine

The Bittensor Paradigm, a very interesting read about the vision for a decentralized AI company, offering an alternative to the centralized approach of current technology giants. #Bittensor #DecentralizedAI #BlockchainTechnology #MachineLearningNetwork #AIWithoutBorders #CryptocurrencyAndAI #DistributedComputing #PeerToPeerLearning #OpenSourceAI #AIInnovation

Discover insights from Ripple's CTO, @DavidSchwartz, on the crypto landscape in 2024: regulatory clarity, innovative scaling, broader user onboarding, and a surge in institutional adoption. #CryptoIndustry #RippleUpdate #BlockchainTechnology @Ripple #technology #AI #Machine Learning https://lnkd.in/eavT8ymY

Something to think about with your morning coffee ☕️ The presence of artificial intelligence grows, the WorldCoin project hopes to create both a mechanism to differentiate between human users and bots online as well as a system of universal basic income to stave off any economic upheaval created by AI. Bots and fraudulent profiles on social media is a problem. And Universal Basic Income has been experiment with. But, is this a solution... thoughts? #worldcoin #ai #bots #socialmedia #samaltman

How AI and crypto are shaping the future of finance