Here is the article mentioned in the video:
https://decrypt.co/217735/google-gemini-pro-1-million-tokens-700-times-more-powerful
We are seeing it reported that Google is working on an AI model 700X than ChatGPT. Even if they come out with something 7X, that is incredible.
The point is that technology is racing ahead at a pace we have never seen.
In this video I discuss how this is going to impact the world of blockchain and cryptocurrency. We have to remember that we are dealing with digital networks, something that is entire based upon the advancements we see within these different sectors of computing.
▶️ 3Speak
A major difference in this rollout versus previous technology is that mobile phones were expensive and required credit checks, deposits, and charged by the minute. As for Internet, not everyone had a computer, thus didn't need internet. With AI, it's free for a limited version. And if you want the good stuff, it's about the cost of a streaming service. The startup cost of adopting AI is so much lower than the other technologies.
That isnt necessarily true. The cost are huge. Each time you use it, there is a cost, it simply is not directly to you. That is why most of this is done by major companies.
And we know they are getting the money back somewhere. They do not provide anything for "free".
Yes, of course. I'm focused only on the consumer end.
It's not for nothing that Sam Altman wants to raise a trillion for AI development.
I see this becoming a snowball effect. AI gets smarter, robotics get better. Robotics get better, products get better and come out faster. This leads to better technology, which can go back to better AI. I think the bottleneck will be in the new information that we can feed the AI.
I would say that is accurate. It was the same thing with the smartphone. That was the convergence of mobile, compute, and internet. Since that came out, each have improved, further affecting the others.
Summary:
In this video, Taskmaster discusses the advancements in AI technology, specifically focusing on ChatGPT and Google's development of a model that is 700 times more powerful than OpenAI's chatbot. He also touches on Citibank's exploration of tokenization for stocks, which could potentially disrupt traditional stock exchanges. Taskmaster emphasizes the rapid pace of technological advancements and the importance of staying ahead in incorporating and training these technologies.
Detailed Article:
Taskmaster begins by highlighting Google's testing of an AI model that surpasses OpenAI's flagship chatbot by 700 times in power. He emphasizes the speed at which technology is advancing, evident in the evolution of ChatGPT from 3.0 to 4.0 in just 15 months. Taskmaster references a video discussing Gemini's advancements over ChatGPT but admits to not delving deep into it as he only utilizes the basic free features of Gemini AI.
Drawing attention to Citibank's experiment with tokenizing stocks through a fictitious private equity firm, Taskmaster speculates on the potential impact on traditional stock exchanges like NASDAQ and NYSE. He questions the necessity of exchanges in a digital age where technologies like liquidity pools and DEXs operate efficiently through wallets, eliminating the need for centralized marketplaces.
Taskmaster explores the implications of advanced chatbots and technological progress on industries like stock tokenization. While acknowledging the distinction between chatbots and stocks, he underlines the significance of software power, compute capabilities, and communication systems in driving efficiency and innovation in various sectors.
Furthermore, Taskmaster underscores the shift towards technology-driven solutions in Web 3, emphasizing the importance of keeping pace with advancements in compute, storage, software, and communication technologies. He advocates for swift integration and training in emerging technologies, noting the expansion of open-source initiatives as a promising development in the rapidly evolving tech landscape.
In conclusion, Taskmaster highlights the need for immediate action in adapting to and incorporating cutting-edge technologies to stay competitive in the dynamic digital environment. He ends by expressing hope in the expanding open-source initiatives and encourages viewers to remain proactive in embracing technological advancements.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.