Not long ago, AI was only found in science fiction, but these days it’s a fairly standard engineering tool that’s becoming more and more important. So what exactly is AI, how is it impacting the internet, and how will it help transform the world of Web3 and the metaverse?
What is AI?
Artificial intelligence or AI is basically the simulation of human intelligence by a computer system. Typically, AI mimics tasks associated with human skills, e.g. B. those that require logic or reasoning. At this stage, most AI exists as an algorithm or a few algorithms that work together to create an AI system.
AI systems typically work by analyzing huge amounts of data, finding patterns, and then using those patterns to predict future events. For example, speech recognition, computer vision (where computers recognize images), or natural language processing (where computers can understand human speech) are common examples of AI in the field. All require AI algorithms to process large amounts of data and learn their patterns in order to better identify them in the future.
AI and the Internet
Believe it or not, AI is already a central part of our current Internet: Web 2.0. It enables many of the “smart” features of the Internet, such as B. Linking users to things they might like, be it friends, news, or products.
However, since our current internet is largely owned by a handful of companies (think Google and Meta), AI developments and the profits that come with them are being privatized and used to generate profit for a few people at the top. This is especially unfair considering they use your personal information to train their AI algorithms!
Why do we need AI in Web3?
Luckily, there are people who are up to the challenge of revolutionizing the internet and making it a more democratic and exciting place for everyone. The future Internet or Web3 will use AI in a very different way to ensure broad participation and transparency.
Web3, or the Decentralized Web, offers a new vision for the future of the Internet, in which the Web is no longer monopolized by a handful of big tech companies. In this decentralized world, users will own their data, privacy is maintained, there is no censorship, and rewards are shared fairly.
Property: Web3 will allow developers to have full control and verifiable ownership of their data, AI models and all acquired digital assets. This is a massive power shift considering that currently anything you post on Facebook is instantly owned by Meta. In web3, people are no longer just users, but owners and active participants – also of AI.
democratization of the web: Big Tech has used centralized AI models for the past decade to extract value from users and generate business insights. In web3, each user owns their own data and assets, so it will be possible (and hopefully normal) to own and train your own AI systems. That means the AI’s capabilities will serve everyone, not just the wealthy few.
Invest in creation: Content creators give us joy, valuable entertainment, and a lot of meaning, yet so few get anywhere near decent rewards. By using the capabilities of AI in the decentralized model of web3, new creator economies become possible. Community-driven Web3 platforms can invest in creators they love, and creators can benefit from new revenue streams available in Web3.
New opportunities: Personal AIs can be trained in the skills you need. Whether it’s creating the top scorers in monetized online games, predicting financial markets, or analyzing your business data, owning AI opens up new possibilities for everyone.