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Cryptocurrency miners are leading the next stage of AI

Published 02/20/2023, 02:33 PM
Updated 02/20/2023, 04:20 PM

As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence.

Training a model like ChatGPT costs more than $5 million, and running the early ChatGPT demo, even before usage increased to its current level, costs OpenAI around $100,000 per day. And AI is more than just text generation; applying AI to practical problems across multiple industries requires similar large neural models trained on a diversity of data types — medical, financial, customer information, geospatial and so forth. Moving beyond the limitations of current neural net AI toward systems with higher levels of artificial general intelligence will almost surely be even more compute intensive.

Mining firm Hut 8's stock price, Feb. 2022-Feb 2023. Source: TradingView
Ben Goertzel is the CEO and founder of SingularityNET and chairman of the Artificial General Intelligence Society. He has worked as a research scientist at a number of organizations, most notably as the chief scientist at Hanson Robotics, where he co-developed Sophia. He served previously as a director of research at the Machine Intelligence Research Institute, as the chief scientist and chairman of AI software company Novamente and as chairman of the OpenCog Foundation. He graduated from Temple University with a Ph.D. in mathematics.

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