What happened?
The rapid advancements in machine learning and artificial intelligence are propelling the development of artificial general intelligence (AGI), an AI system with the potential to match human capabilities. Recent findings indicate that while AGI remains a theoretical concept, the market for it is experiencing growth with valuations expected to rise from $2.74 billion in 2023 to $25.74 billion by 2031. Issues like transparency and ethical concerns have been raised regarding AI’s development, leading experts like Dr. Ben Goertzel to propose frameworks like “The Ten Reckonings” to address these challenges.
Who does this affect?
The development and rising influence of AGI affects the public, technology companies, researchers, and policymakers. While some people express concern that AI advancements mainly benefit large tech corporations, decentralized initiatives give communities and independent researchers more opportunities to contribute. Efforts to decentralize AGI aim to democratize its development, allowing broader participation and reducing the influence of major tech players.
Why does this matter?
The anticipated growth of the AGI market has significant implications for technology investment and innovation globally. As the development of AGI becomes increasingly decentralized, it could disrupt traditional business models and promote broader technological access and equity. By leveraging blockchain technology to ensure transparency and stakeholder participation, the market impact of decentralized AGI could challenge existing power structures within the tech industry, potentially fostering a more inclusive technological future.