The cryptocurrency industry has been widely impacted by the advance in artificial intelligence technology. More specifically, the increasing po polarity of AI-based chatbots like ChatGPT and Google Bard has spawned a subsection of cryptocurrencies themed around that field.
There is a myriad of coins in the market that saw exponential growth because of the soaring interest in AI.
We’ve also tapped ChatGPT on numerous topics, such as:
Will Ethereum Flip Bitcoin in the Next Five Years?
Which 5 Cryptocurrencies Will Survive in 10 Years?
What Are the Next Emerging Techs to Disrupt Crypto?
And while it’s exciting to chat with an AI on topics that you would normally discuss with your fellow peers, there’s also another side to it, and Geoffrey Hinton speaks of it loud and clear.
The Godfather of Artificial Intelligence
Geoffrey Hinton is a British-Canadian cognitive psychologist and computer scientist who was born in 1947 in Wimbledon, London.
He is most noted for his work on artificial neural networks and is a former employee of Google. He left the company in May 2023 in a big public exit, voicing public concerns about the risks of artificial intelligence (AI) technology.
Source: Technology Review via Linda Nylind / Eyevine Via Redux
Hinton is the first winner of the Rumelhart Prize in 2001 and is internationally renowned for his work on artificial neural nets, especially in relation to how they can be designed to learn without the need for a human teacher. He also won the 2018 ACM A.M. Turing Award for conceptual and engineering breakthroughs in the field.
He’s also commonly referred to as one of the godfathers of AI. And now, he has some concerns.
We’ve Discovered the Secret of Immortality, but There’s a Catch
In an interview for The Guardian, Hinton made it clear that he left Google on good terms and that he has no objections to what the company is doing or has done.
In the article, he compares biological intelligence (human brain) to digital intelligence, outlining the inefficiencies faced by people. He says that our brain runs at low power, but our approach is quite inefficient in terms of information transfer. Digital intelligence, on the other hand, is different.
You pay an enormous cost in terms of energy, but when one of them learns something, all of them know it, and you can easily store more copies. So the good news is, we’ve discovered the secret of immortality. The bad news is, it’s not for us.
In essence, Hinton came to the conclusion that humans are building intelligence that has the potential to outthink humanity.
I thought it would happen eventually, but we had plenty of time: 30 to 50 years. I don’t think that anymore. And I don’t know any examples of more intelligent things being controlled by less intelligent things.”
To make the comparison more comprehensible, the computer scientist pinned us (humans) against frogs while also adding:
And it (AI) is going to learn from the web, it’s going to have read every single book that’s ever been written on how to manipulate people, and also seen it in practice.”
Snip from the Movie Ex Machina. Source: Movie House Memories
Fears for Humanity
Citing a recent report by Hinton, reports outline the potential dangers of the so-called superintelligence.
The Godfather of AI outlines scenarios where an AI may seek to gain control over numerous aspects of its own environment in pursuit of solving complex problems. These aspects even include human manipulation. The scientist believes that the AI wouldn’t even need an explicit goal of achieving power or destruction to leverage its ability to mimic human behavior.
It’s not all doom and gloom, though. He believes that there are ways to mitigate catastrophic scenarios, but he’s also of the opinion that we’ve passed the point of no return and stopping AI development is downright impossible, nor that it should be stopped.
I think we should continue to develop it because it could do wonderful things. But we should put equal effort into mitigating or preventing the possible bad consequences.
How close are we to those bad consequences? Closer than you might think.
I’ve got huge uncertainty at present. It is possible that large language models, having consumed all the documents on the web, won’t be able to go much further unless they can get access to all our private data as well. I don’t want to rule things like that out – I think people who are confident in this situation are crazy.
The right way to think about the odds of a disaster is closer to a simple coin toss than we might like.”
Closing Thoughts
Artificial Intelligence is likely to play an increasing role in our lives. In fact, according to ChatGPT (oh, the irony) itself, some of the fields it will impact in the next 7 years include:
Healthcare
Automation
Transportation
Education
Smart Homes
Customer Service
Since voicing his concerns, Hinton has come under fire by many that he didn’t follow some of his colleagues who quit earlier. It’s easy to come to that conclusion, but it’s also easy to oversee the complexity of the problem, which touches on multiple technological, philosophical, and ethical principles.
I guess all Hinton is trying to say is that AI’s impact on humanity, whether it’d be good or bad, is likely much closer than most of us seem to think.
Featured image courtesy of CBC, submitted to them by Geoffrey Hinton.
The post Fears for Humanity and the Dangers of Artificial Intelligence According to Geoffrey Hinton appeared first on CryptoPotato.
Fund managers overseeing $534 billion in AUM surveyed by Bank of America have placed “long bitcoin” as the “third-most crowded” trade. The cryptocurrency has fallen behind only to tech stocks and shorting the US dollar but has climbed above traditional investments such as gold and bonds. Long Bitcoin Climbs To Top 3 The US multinational…
While the holiday season typically brings a lull to many sectors, the cryptocurrency world is buzzing with activity. Notably, CorgiAI has been on a rollercoaster ride, witnessing a staggering 300% surge in December. Meanwhile, Galaxy Fox – among the best upcoming ICO – is on the verge of hitting the $2 million mark in its
The legendary hedge fund manager – Paul Tudor Jones III – said he will always keep a “small” exposure to bitcoin since it is “the only thing that humans can’t adjust the supply in.” The American billionaire also suggested that the US Federal Reserve will cease its aggressive interest rate hike policy. Many experts previously…
John E. Deaton, a renowned crypto lawyer, has laid his thoughts on what a settlement in the SEC Vs. Ripple lawsuit could mean. Also, experts have given their predictions on how a spot ETF approval will affect the prices of Bitcoin and Bitcoin Spark. Visit the Bitcoin Spark ICO XRP Experienced Price Jump As Attorney
The price action is bullish and market sentiment is optimistic. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Bulls in Control Sellers had several opportunities to make a stand, but they didn’t show up. Instead, XRP has been consolidating around 60 cents and appears keen to continue higher to challenge the resistance at 68
The Seoul Southern District Court reportedly honored the prosecutors’ request to freeze 233.3 billion won in assets (approximately $176 million) personally owned by the notorious co-founder of Terraform Labs – Do Kwon. Besides cryptocurrencies, the authorities have blocked his access to his house in Southern Seoul, studio flat in Nonhyun-don, expensive cars, and certain money…
Prominent entrepreneur and Price of Tomorrow author Jeff Booth is among the latest popular individuals to publicly endorse Bitcoin. In a recent Twitter post, he called the primary cryptocurrency a lifeboat and a “must” during economic uncertainties. Booth Outlines Global Debt Problems Co-founder and former CEO of Build Direct took it to Twitter to offer…
Earlier on Saturday, the lead developer behind the popular Sushiswap protocol sold all of his tokens, causing a massive drop upwards of 50% in the token’s price. Elsewhere, the entire cryptocurrency market is feeling the pressure as the total capitalization is down by more than $11 billion in the last few hours. Sushi Seloff Headstarts…
[PRESS RELEASE – San Francisco, California, 10th October 2021] BitTorrent, a leader in peer-to-peer protocols and products, announced the first-round winners of the Golden Wallet Sweepstakes – a new incentive program designed to reward the community members and drive more engagement. Eray Özgen, a Turkey resident, was awarded the 1 million BTT in the first…