The Pace of Technology And What It Means For Cryptocurrency

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Here is the article mentioned in the video:

https://decrypt.co/217735/google-gemini-pro-1-million-tokens-700-times-more-powerful

We are seeing it reported that Google is working on an AI model 700X than ChatGPT. Even if they come out with something 7X, that is incredible.

The point is that technology is racing ahead at a pace we have never seen.

In this video I discuss how this is going to impact the world of blockchain and cryptocurrency. We have to remember that we are dealing with digital networks, something that is entire based upon the advancements we see within these different sectors of computing.


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A major difference in this rollout versus previous technology is that mobile phones were expensive and required credit checks, deposits, and charged by the minute. As for Internet, not everyone had a computer, thus didn't need internet. With AI, it's free for a limited version. And if you want the good stuff, it's about the cost of a streaming service. The startup cost of adopting AI is so much lower than the other technologies.

That isnt necessarily true. The cost are huge. Each time you use it, there is a cost, it simply is not directly to you. That is why most of this is done by major companies.

And we know they are getting the money back somewhere. They do not provide anything for "free".

Yes, of course. I'm focused only on the consumer end.

It's not for nothing that Sam Altman wants to raise a trillion for AI development.

I see this becoming a snowball effect. AI gets smarter, robotics get better. Robotics get better, products get better and come out faster. This leads to better technology, which can go back to better AI. I think the bottleneck will be in the new information that we can feed the AI.

I would say that is accurate. It was the same thing with the smartphone. That was the convergence of mobile, compute, and internet. Since that came out, each have improved, further affecting the others.