We all know and we all have been there when cryptocurrency hype seemed promising. However, the trend surrounding this blockchain technology began to wane when the market entered into a bear run and another tech emerged to take its place. That exciting and rapidly evolving field is artificial intelligence (AI).
Rise of Artificial Intelligence
The recent surge of interest in artificial intelligence can be primarily attributed to the emergence of highly advanced generative AI tools like ChatGPT, Dall-E 2, MidJourney, MusicLM and Bard.
These tools are based on Large Language Models and have revolutionized the fields of natural language processing, image generation, music generation, and even creative writing. These tools have opened up an exciting world of possibilities for AI enthusiasts and professionals alike.
Learn More: Beyond GPT: Rise of Large Language Model
A sudden Shift from Crypto to AI
Now, for the almost past two years, Cryptocurrencies like Bitcoin and Altcoins such as Ethereum, Shiba Inu, Dogecoin, and XRP, etc had captured the world’s attention, with investors and enthusiasts alike fueling their portfolios in the bull run market in pursuit of their fortunes.
However, as the market became oversaturated and disillusionment set in, attention shifted towards other emerging technologies. One such technology that has emerged as a clear frontrunner is AI.
The sudden shift from cryptocurrency to artificial intelligence has been fueled by the groundbreaking progress of powerful generative AI tools which brings the immense potential of AI in a variety of industries, including medicine, finance, marketing, and more.
It’s no surprise that leading tech companies such as OpenAl, Google, and Microsoft are investing heavily in AI development and incorporating generative AI into their products.
As AI continues to evolve at a rapid pace with the introduction of extremely powerful GPT-4 by OpenAI in the last month, we can expect to see even more groundbreaking advancements that have the potential to revolutionize countless industries.
But what does this shift indicate for the future of technology? Let’s take a closer look.
Examples of AI’s Power and Potential in Cancer Detection
One of the most exciting aspects of AI is its ability to solve complex problems and create new opportunities in previously unimaginable ways. Take, for example, the field of medicine. Researchers are using AI to develop new treatments and therapies, while doctors are using AI to diagnose diseases and predict patient outcomes with unprecedented accuracy
Dr. Larry Norton, the medical director of the Lauder Breast Center at the Memorial Sloan Kettering Cancer Center, discussed the application of artificial intelligence in breast cancer detection, which has recently demonstrated the ability to detect the disease up to four years prior to its development.
This breakthrough technology has been successfully implemented in Hungary and is being evaluated for potential testing in other countries, including the United States and the United Kingdom (source). Learn more about Dr. Larry Norton here.
The Risks of AI on Society
With the introduction of ChatGPT, we have seen that AI machines are becoming more capable of performing various tasks that were previously only possible for humans. So it’s important to carefully consider the impact that AI technology will have on society and jobs to make informed decisions about how it should be used in the future.
However, we cannot simply sit back and hope for the best. It is important for someone to step forward and bring attention to the potential risks of unpredictable AI in the future. In fact, thousands of tech experts, including high-profile individuals like Elon Musk and the co-founder of Apple, recently signed an open letter to address this issue.
Find out more about Why ChatGPT is Banned in Italy?
Why trends are down for Cryptocurrencies and Blockchain?
The cryptocurrency market has seen its ups and downs in 2022. From almost $3 trillion in market capitalization, it has plummeted to nearly billion in just one year. Many of the top-performing crypto coins are experiencing double-digit losses.
Post FTX fall down after a huge scandal the whole crypto coins witnessed a sharp fall, Bitcoin went down to 2022 from an all-time high in 2021 and continue to fall till the first quarter of 2023. Ethereum almost has fallen below $13m. This high volatility led big and small investors to sell their cryptos and many people faced huge losses in Altcoins.
On the other hand, once each artist’s favourite most hyped blockchain-based NFT was almost got crushed in a bear market and no talks about it in 2023.
And then at the end of 2022, when OpenAl launched its AI chatbot ChatGPT based on LLM GPT-3.5, it shooked the world by storm by showing what AI can do with training on billion parameters and now every other person talking about AI or say talking about or using ChatGPT.
The Future of Technology is Here
The shift from cryptocurrency to AI has been sudden and thrilling, but it is not without its risks and challenges. As we move forward into an increasingly AI-driven future, it is important to proceed with caution and ensure that we are developing this powerful technology in a responsible and ethical manner.
At the same time, the potential of AI is impossible to ignore. From medicine to finance and beyond, AI is poised to revolutionize our world in ways we have yet to imagine.
Stay tuned for more information on AI.
