As a crypto investor with a keen interest in the intersection of technology and finance, I find Hoskinson’s concerns regarding AI censorship in the context of Robinhood’s acquisition of Pluto particularly noteworthy. While Pluto’s AI-driven investment advice and real-time analytics are undoubtedly impressive, there is an inherent risk in centralized control over these algorithms, especially when it comes to restricting access to certain knowledge or perspectives.
Charles Hoskinson, the founder of Cardano, has issued a warning about the potential consequences of artificial intelligence (AI) being used for censorship in the context of recent news that crypto exchange Robinhood has acquired an AI-driven investment advice platform called Pluto.
Based on Bloomberg’s report, Robinhood intends to provide personalized investment plans and data analysis tools for its individual brokerage clients. However, Charles Hoskinson’s warnings highlight the potential dangers of relying on a single entity to manage AI algorithms.
Robinhood’s AI-Driven Acquisition
The purchase of Pluto Capital, led by Jacob Sansbury, signifies a significant move for Robinhood to strengthen its features.
Pluto is known for providing AI-powered investment recommendations that adjust to individual needs and real-time market analysis, making high-end investment services accessible to a wider audience.
Mayank Agarwal, Vice President of Engineering at Robinhood, praised Pluto for its advanced platform in the field of artificial intelligence and reiterated their mutual goal to make finance more accessible to everyone.
The incorporation of Pluto’s AI technologies into Robinhood is predicted to enhance the platform’s capacity to cater to its clientele, specifically retail traders. This integration will enable the provision of real-time market data and customized investment suggestions tailored to each trader’s unique portfolio.
As a crypto investor, I’ve been closely following the perspectives of key figures in the industry. Recently, Charles Hoskinson voiced his concerns over AI censorship in a social media post. He emphasized the potential risks and wide-ranging implications of this trend.
Research Team Backs Cardano Founder’s Concerns
The creator of Cardano warned about the gradual erosion of usefulness as artificial intelligence evolves through “alignment” instruction, during which specific information is off-limits to subsequent AI generations based on the biased judgments of an unelected and unaccountable elite. Hoskinson expressed:
Growing up, some information is strictly off-limits to children, and this decision is made by a select few individuals whom we have no relationship with and cannot hold accountable through elections.
As a member of the Cardano GPT research team, I can confirm Hoskinson’s concerns regarding centralized control over training data in models. This is a substantial issue that we have identified and addressed in our research.
If a select few individuals have exclusive authority over an AI model’s training, there is a risk that the information it processes may become biased or suppressed to align with their particular viewpoints.
One way to rephrase this in clear and natural language: Decentralizing language models (LLMs) could be a proposed answer to tackle this issue, as suggested by the team. Yet, the restricted computational capabilities of decentralized storage systems presently obstruct broad implementation, resulting in less than 1% utilization of these models.
One potential solution involves using a hybrid model that combines elements of centralized training data with decentralized Language Models (LLMs). The goal is to find a middle ground between these two approaches, addressing concerns over censorship while expanding access to sophisticated language models for a larger user base.
With Robinhood’s recent integration of Pluto, bringing AI capabilities to retail investment, the call for transparency and democratization in AI technology usage by Cardano’s Hoskinson underscores their significance in this field.
As I pen down these words, the native cryptocurrency of Cardano, ADA, is currently priced at around $0.401. Notably, this digital token has exhibited positive price trends in recent times. In fact, within the last day, its value has ascended by approximately 4%. Moreover, over the past week, it has experienced a remarkable surge of nearly 6% in value.
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2024-07-02 02:12