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Blockchain Press Releases

AI and Security: Ensuring That Opportunities Outweigh the Threats, Reports IDTechEx

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BOSTON, July 3, 2023 /PRNewswire/ — Anyone with access to social media platforms will likely have heard of ChatGPT by now. Created by OpenAI and released in November 2022, the generative AI tool had 100 million registered users as of three months after release, with it – the world’s most advanced chatbot – being used to answer simple queries, write songs, and draft press releases, all with varying degrees of success. While in the creative domain, ChatGPT is not (yet) a match for the human mind, its capabilities are nothing less than staggering, with the potential to transform entire workflows. Yet, along with the opportunities afforded by generative AI, there are risks. In IDTechEx’s recent “AI Chips 2023-2033” report, IDTechEx forecast that the global AI chips market will grow to exceed US$250 billion by 2033, with the IT & Telecoms, BFSI (Banking, Financial Services and Industrial), and Consumer Electronics industry verticals leading the way in terms of revenue generated up to 2033. This growth is made possible by the growing complexities and functionalities of machine learning models, representing significant opportunities for both businesses and consumers. However, improper use of AI tools represents threats to the aforementioned groups. Measures must be taken to ensure that the opportunities afforded by advanced AI greatly outweigh the threats.

Questions of Ownership and Culpability

ChatGPT, DALL-E 2, and Siri are all examples of generative AI tools. These are systems capable of generating text, images, or other media in response to prompts, where the data produced is based on the training data sets employed to create and refine the models used. Current intellectual property (IP) laws are not particularly well-suited to account for the legal ownership of intangible assets such as those that AI tools such as these can generate. Patent law generally considers the inventor as the first owner of the invention. In the case of AI, who invents? The human creates the (initial) prompt, but it is the AI tool that creates the output. An AI may also be used to prompt other AI tools, and so AI can act as both the prompt and the creator. But granting an AI tool IP ownership status – as it currently stands – necessarily gives the AI the same status extended to a legal person.

Therein is the question of culpability and ethics; if the AI is the legal owner of a piece of work, then the human that deployed, commissioned, or used the AI tool is exempt from culpability. This could be considered unethical, as the human user should bear some responsibility for the ethical ramifications of using such an AI tool (particularly in the case of unlawful AI use, such as assistance with writing a script for malware). A possible way around this is to grant the AI the same legal status as a child, wherein the human user would be analogous to a child’s guardian, and so bear some responsibility, while the AI would still retain ownership. While this ensures that the human user bears responsibilities for the AI tool’s actions, it does not adequately address autonomous AI, where no human prompting is necessary. In addition, there may be some discomfort from legislators around bestowing legal status onto machines.

Other parties that should be considered are the developers of the AI tool, as well as the owners of the data that comprise the dataset used to train the AI tool (a key component of the reasoning behind Italy’s ban of ChatGPT in March 2023). The answer to ownership is one that will be sought more urgently as AI tools and their outputs grow, as they surely will over the coming years.

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Malpractice

Where AI can be used for good intentions – such as assisting with the appropriate syntax for computer script writing and detecting fraudulent financial transactions – it can also be used for ill, ranging from the deceptive to the illegal. Given that generative AI tools can be used to assist with script writing, it does not particularly matter to the tool what type of script is being written. As such, generative AI can be used to assist with the writing of malware (malicious software). The AI tool used has, of course, not intentionally created a piece of malware, but this potential mistreatment of a nominally apathetic system needs to be addressed.

Generative AI is very effective for streamlining certain work functions, such as advertising copy and marketing materials. And yet, the question remains of ownership and culpability. From marketing to consumers (where companies will ultimately still be liable for ambiguous or defamatory language) to academic institutions (where the use of a language tool by a student to write a part of their thesis calls into question the legitimacy of their conferred degree), clear guidelines – regulatory and legal – need to be given for fair use of such tools.

Ultimately, we are still a long way off from the types of existential threats posed by AI that are central to seminal works of science fiction, such as 2001: A Space Odyssey and The Terminator. And yet, even as AI technology advances towards Artificial General Intelligence, clear practices and codes of conduct are needed to ensure that risks are appropriately mitigated, such that AI transforms industries for the better. Opportunities across the three aforementioned industry verticals and others are discussed in the new IDTechEx report, “AI Chips 2023-2033“.

Report Coverage

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IDTechEx forecasts that the global AI chips market will grow to US$257.6 billion by 2033. The report covers the global AI Chips market across eight industry verticals, with 10-year granular forecasts in seven categories (such as by geography, chip architecture, and application). In addition to the revenue forecasts for AI chips, costs at each stage of the supply chain (design, manufacture, assembly, test & packaging, and operation) are quantified for a leading-edge AI chip. Rigorous calculations are provided, along with a customizable template for customer use, and analyses of comparative costs between leading and trailing edge node chips.

IDTechEx’s latest report, “AI Chips 2023-2033“, answers the major questions, challenges and opportunities faced by the AI chip value chain. For further understanding of the markets, players, technologies, opportunities, and challenges, please visit www.IDTechEx.com/AIChips.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.

Images download:
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Media Contact:

Lucy Rogers
Sales and Marketing Administrator
[email protected]
+44(0)1223 812300

Social Media Links:
Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx 

Photo: https://mma.prnewswire.com/media/2145182/AI_chips_revenue_2023.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg 

 

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Blockchain Press Releases

Howe-Baker International Signs Memorandum of Understanding with D.Energy to Pioneer Clean Hydrogen Production Using Blockchain Technology

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TYLER, Texas, July 17, 2024 /PRNewswire/ — Howe-Baker International, a leader in design and engineering for the energy sector, is pleased to announce the signing of a Memorandum of Understanding (MOU) with D.Energy, a layer 1 blockchain pioneering clean energy protocols. This strategic partnership aims to advance the research and development of implementing blockchain technology in the generation of clean hydrogen.

Under the terms of the MOU, Howe-Baker and D.Energy will collaborate to explore and develop blockchain-based systems to enhance the efficiency, transparency, and security of hydrogen production processes. The collaboration aligns with both companies’ commitment to fostering innovation and sustainability in the energy sector, heralding a new era of clean hydrogen production powered by blockchain technology.

Key Objectives of the Collaboration:

  1. Efficiency Enhancement: Utilizing blockchain technology to optimize hydrogen production processes, reducing costs and improving overall efficiency.
  2. Transparency and Traceability: Ensuring transparent tracking of hydrogen production from renewable sources to end-users, enhancing trust and accountability in the supply chain.
  3. Security and Data Integrity: Implementing robust blockchain solutions to safeguard data integrity and prevent unauthorized access or tampering.
  4. Sustainability Goals: Contributing to global efforts to reduce carbon emissions by promoting the adoption of clean hydrogen as a viable and sustainable energy source.

Comments from Leadership:

“We are thrilled to partner with D.Energy on this groundbreaking initiative,” said Layken White, president of Howe-Baker. “Combining our extensive experience in energy infrastructure with D.Energy’s blockchain expertise, we are poised to revolutionize the clean hydrogen production industry. This collaboration not only supports our sustainability goals but also positions us at the forefront of technological innovation in clean energy.”

Shafi Rafi, founder of D.Energy, added, “This MOU marks a significant milestone in our mission to integrate blockchain technology into the energy sector. By partnering with Howe-Baker, we aim to develop scalable and secure blockchain solutions that will drive the future of clean hydrogen production. Together, we are committed to creating a more efficient and sustainable landscape for On-Chain Real World Assets (RWAs).”

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About Howe-Baker International:

Howe-Baker International is a global technology company providing engineering, fabrication and construction services for the energy industry. With a rich history of delivering innovative solutions, Howe-Baker is dedicated to driving progress in the energy sector and supporting the transition to cleaner energy sources.

For more information, please contact: 
Reem Ellafi
[email protected]
www.howebaker.com

About D.Energy:

D.Energy is a layer 1 blockchain that specializes in tokenizing sustainable Real World Assets (RWAs). Its platform supports a wide range of applications, including trading climate assets, enhancing the efficiency and security of renewable energy production, and promoting the integration of sustainable energy technologies.

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For more information, please contact: 
Luke Potter
[email protected]
www.d.energy

Photo – https://mma.prnewswire.com/media/2463771/d_energy_howe_baker_square.jpg

 

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Blockchain

Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

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 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

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Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

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  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

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Blockchain Press Releases

Zilliqa makes blockchain history by buying a racehorse

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SINGAPORE, July 17, 2024 /PRNewswire/ — Zilliqa, the long-established layer-1 blockchain and market leader in Web3 sports and entertainment, is proud to announce its venture into the world of horse racing through the acquisition of a racehorse.

Aptly named “The HRSE Horse”, the racehorse’s unique moniker is a nod to $HRSE, the recently-launched fan token of The Winners Circle, an innovative new loyalty platform that uses Web3 to redefine the racing fan experience.

The ownership will see The HRSE Horse sporting community-selected colours and branding when racing, generating mainstream exposure for both The Winners Circle and the Zilliqa blockchain.

The HRSE Horse is the first racehorse to ever be owned by a blockchain company, and its unusual name was not chosen only to prick up the ears of the established horse racing community, but also to demonstrate how The Winners Circle is combining the physical world of horse racing with its core tenet of digital ownership unlocked by harnessing the capabilities of the Zilliqa network.

Launched by Racing League and powered by Zilliqa, The Winners Circle is a fan engagement platform supercharged by Web3 that features a free-to-play prediction game where fans are rewarded with $HRSE tokens by correctly choosing the winners of real-world horse races. These tokens can then be used to influence the decisions of teams competing in the exciting Racing League competition while also unlocking exciting features such as discounts on racehorse ownership shares, tickets, merchandise, and more..

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The Token Generation Event (TGE) for $HRSE was concluded on July 17th, with the token now listed on participating exchanges such as MEXC and Pancake Swap.

Zilliqa’s foray into horse racing goes beyond sport; it is an opportunity to bridge the gap between physical and digital realms, echoing The Winners Circle’s vision of embracing opportunities in both spheres.

The HRSE Horse is trained by former National Hunt jockey and globally renowned racehorse trainer Jamie Osborne, whose mission to reinvigorate the world of horse racing and attract a younger demographic is aligned with the innovative fan-first approach taken by The Winners Circle that leverages Web3 to redefine the fan experience. Osborne’s extensive knowledge of horse racing and bright sense of humour birthed the idea of finding a horse for Zilliqa to own and naming it The HRSE Horse.

With a global presence amplified by the audience of this thrilling sport, Zilliqa aims to capture the imagination of communities worldwide, celebrating the spectacle of horse racing while promoting meaningful innovation powered by the Zilliqa blockchain and The Winners Circle.

Commenting on the announcement, Zilliqa CEO Matt Dyer, said:

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“We are thrilled to announce our ownership of The HRSE Horse, who we hope will turn heads for his speed as well as his unique name. In becoming the first blockchain to own a racehorse, not only do we showcase the potential for The Winners Circle to redefine fan engagement in this age-old sport, but we also demonstrate how the HRSE token brings the real and digital worlds together. We’ve bought a racehorse, and by signing up for The Winners Circle, fans can have the chance to own a share of one, too.”

Commenting on the announcement, Trainer Jamie Osborne, said

“I am excited by Zilliqa’s ownership of The HRSE Horse and excited to see him perform on the race track. Horse racing needs to embrace new technologies to attract a younger demographic, and I believe The Winners Circle has the potential to drive a new generation of racing fans to this thrilling sport, which is why I’ve supported their mission from the start. Hopefully The HRSE Horse and Zilliqa will achieve great success and make this season be remembered as the Zilliqa summer, on and off the track.”

About Zilliqa

Zilliqa, the industry-recognised layer-1 blockchain founded in Singapore in 2018 is a high-performance, high-security, and low-fee blockchain platform. Designed to scale with the demands of global businesses, the blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors, providing a robust platform for emerging developers and established enterprises alike. The next evolution of the network, Zilliqa 2.0, is currently under development and offers a user-centric platform designed for ease of use and customisability.

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View original content:https://www.prnewswire.co.uk/news-releases/zilliqa-makes-blockchain-history-by-buying-a-racehorse-302198262.html

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