Who Holds the Reins in the AI and Web3 Arena: The Battle for Control of Future Intelligence?

Future of Artificial Intelligence (AI) and Web3: Determining the Ownership of Cognitive Dominance

In the rapidly evolving world of technology, a new movement is gaining traction: the convergence of Artificial Intelligence (AI) and Web3. This fusion promises to democratize AI, giving billions of people the power to co-own and benefit from the systems they help shape.

Currently, AI is dominated by big tech corporations, with large companies shaping the rules. However, a good first step towards change is integrating decentralized identity and permissioned data access, allowing users to choose when and how their data trains models. This shift could empower individuals, giving them more control over their data and privacy.

Web3 adds an economic layer to AI. Compute power is tokenized, data labeling becomes a paid role, and model updates are governed by token holders. Extended reality (XR), Web3 security, and DeFi wallets are rapidly expanding sectors within Web3, further fuelling this decentralized revolution.

The developers of several notable projects, such as Bittensor, SingularityNET, Fetch.ai, Gensyn, Ocean Protocol, and Rejuve.ai, are leading this charge. These teams are focused on creating decentralized AI, machine learning, and data sharing solutions. For instance, Fetch.ai combines blockchain with autonomous AI agents, enabling AI agents to communicate and make decisions based on real-world data.

However, this transition is not without its challenges. Regulatory uncertainty, onboarding complexity, and market fragmentation are expected obstacles in the coming years. To navigate these hurdles, leaders should engage with policymakers early, simplify user experience, and embrace interoperability across blockchains and AI protocols.

Moreover, for user-centric systems, leaders should prioritize open-source AI frameworks, publish model training data, and build protocols for contributors to share in the upside. It's crucial to set ethical standards and make them open, rather than waiting for regulation to enforce them.

The global Web3 market is anticipated to reach around $99.75 billion by 2034, underscoring the potential of this decentralized future. As we move towards this new era, it's essential to remember that public knowledge fuels AI, but only a few corporations control its future. By embracing Web3, we can shift control and ownership to the individuals who drive its growth and innovation.

Matvii Diadkov, the founder of Bitmedia.IO and a crypto geek, is one of the pioneers driving this change. Diadkov holds a Master in Computer Science and is dedicated to shaping a more democratic and inclusive future for AI.

As we stand on the brink of this new era, it's clear that the future of intelligence doesn't have to be owned by tech giants, governments, or early adopters. With intent, AI and Web3 can empower billions to co-own and benefit from the systems they shape.