Could Bittensor End Up Being the Only Crypto/AI Project That Matters? - Ep. 712

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 1 October 2024

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies. In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI. Show highlights: OSS Capital’s background and how they got to invest in Bittensor Why Sami and JJ are bullish on TAO What the three roles in the Bittensor ecosystem are How new subnets incentivize miners to develop AI models Why it’s so expensive to launch a subnet Why Bittensor was built on the Polkadot SDK The pros and cons of rolling out EVM compatibility What Allora and Commune AI are focused on within the ecosystem How Bittensor can compete with the big AI companies The dangers AI poses to humanity and whether Bittensor can mitigate them Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Mantle Guests: Joseph Jacks, Founder and General Partner of OSS Capital Sami Kassab, Partner at OSS Capital Links Previous coverage of Unchained on Crypto/AI: Erik Voorhees' New Venture: Why AI Desperately Needs Privacy and Uncensorability When AI and Blockchain Meet, How Can Each Technology Benefit? The Chopping Block: Why AI Will Change the Course of History in Crypto Learn more: A Beginner's Guide to AI Tokens 5 Use Cases of AI in Blockchain Bittensor: Bittensor’s website The game theory of TAO Nous Research leaving Bittensor Seth Bloomberg’s tweet on “Bittensor’s Network Effects” Cost of building a subnet Commune.ai Allora Network Timestamps: 00:00 Intro 02:39 Background of OSS Capital and investing in Bittensor 19:06 Why Sami and JJ are bullish on TAO 24:51 The three roles in the Bittensor ecosystem 35:00 How subnets incentivize AI model development 47:50 Why launching a subnet is expensive 50:12 Bittensor’s foundation on the Polkadot SDK 53:00 Pros and cons of EVM compatibility 1:03:03 Focus areas for Allora and Communi 1:06:48 How Bittensor competes with big AI companies 1:09:19 JJ’s take on AI dangers and Bittensor’s role Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What Bitensor is actually doing is inverting capitalism.
0:03.1	It's inverting the traditional business model
0:05.4	for AI companies, AI Foundation companies.
0:08.6	And it's saying, get rewarded by this token,
0:11.4	which is increasingly worth more as you have more activity contribution on the network and it's very liquid it's a top top 20 top 30 token and you actually are required to open source all of your work.
0:23.0	You're only producing open commodities that can then be used by other people,
0:28.0	whether it's a data set or an image model or video model or coding model or
0:33.2	computer infrastructure what have you.
0:34.8	Anything related to sort of the spectrum of things that you do when you're
0:37.1	building an AI system. That's what the tensor is incentivizing. I'm going to think.
0:48.0	Everyone, welcome to Unchained, your no-high resource for all things crypto. I'm your host Laura Shin, author of the cryptopians.
0:51.0	I started covering crypto nine years ago and as a senior
0:53.9	editor of Forbes was the first main tree meter reporter to cover
0:56.8	cryptocurrency full-time. This is the October 1st 2024 episode of Unchained.
1:01.3	Mantles am Meath is now the fourth largest LST with 1.3 billion dollars in TVL.
1:07.0	Emmeth offers folders cumulative incentives and air drops in addition to native Eith POS yields. This includes exclusive rewards like Eigen and
1:15.3	Cook. Check it out at meeth dot mantle. XYZ slash campaigns.
1:19.7	Pocodot is the original and leading layer zero blockchain with over 2,000 plus developers.
1:25.0	And the Pocodot 2.0 upgrade will be a massive accelerator for the ecosystem,
1:29.0	making it faster, more secure, and adaptable, perfect for GameFi and Defi to build, grow, and scale.
1:36.7	Join the community at Pocodot. network slash ecosystem slash community.
1:42.4	Today's topic is bit tensor.
	...

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