Why AI is the future of cryptocurrency? Stefan Rust‘s view

The launch of ChatGPT has caused quite the furore, igniting a heated debate about the dangers of artificial intelligence.

The White House recently called leading tech bosses to the table to reiterate their “moral duty” to protect the public from the risks of this evolving technology.

Meanwhile, the “grandfather of AI”, Geoffrey Hinton, has quit his role at Google and is now warning of the “existential risk” machine learning could pose to humanity.

Pundits caution that digital intelligence could give bad actors the power to spread misinformation and replace thousands of jobs, causing widespread unemployment.

In an apocalyptic vision, some even fear that once AI becomes more intelligent than human beings, we could face a scenario reminiscent of the famous I, Robot movie starring Will Smith, where humanoid robots rise against their human masters.

Indeed, anyone who has tried ChatGPT, the AI chatbot developed by OpenAI, will agree that its capabilities are quite remarkable, even at this early stage in its development.

It’s not hard to imagine this useful chatbot evolving into a super intelligent technology, with which no human could ever compete.

Yet, amid all this fear of the unknown, we are failing to see the huge potential for AI to transform our everyday lives for the better.

A technological revolution

Instead of issuing warnings about job losses, we should take a step back and consider the wider picture.

AI will finally allow us to automate menial, repetitive tasks, allowing humans to focus their energy on work that requires imagination, creative thinking and in-depth research.

Stefan Rust is chief executive of independent inflation data aggregator Truflation and former chief executive of bitcoin.com

He predicted the appearance of many new AI coins to replace bitcoins and all its counterparts in several articles.