on the crypto
Despite all the advantageous features that AI ChatGPT offers, it is not without its disadvantages, some of which are quite familiar to the public right now. One major drawback is the lack of internet access, which prevents ChatGPT from providing real-time data. It is only able to retrieve data that was provided to it in 2021 when it was under development.
Also, despite being run by an artificial intelligence, ChatGPT is controlled by OpenAI, the company that created it. Furthermore, it is also subject to the constraints imposed by the standards of the internet community. For example, in some circumstances, the AI chatbot will not be able to answer your questions or will deem them inappropriate as they seem unethical or beyond what it is authorized to answer.
New competitors have appeared on the market looking to rival the industry-leading AI chatbot. Google only recently released its Bard AI chatbot, which is said to be one of the smartest in the industry, but is currently available to a select group of testers.
Despite the introduction of these brand new chatbots, the fundamental nature of the problem hasn't changed. Most of these ChatGPT AI alternatives will still not be able to overcome the existing problems hindering the progress of ChatGPT. This is because most of them are run by organizations and will therefore be bound by these restrictions.
However, there is still reason to be optimistic and this time it's not coming from blue-chip companies, but from the stables of Web3 and crypto. CryptoGPT, which claims to be powered by “decentralized AI,” integrates AI with the privacy and security afforded by blockchain technology, according to its website. Furthermore, according to the information gathered, the team behind CryptoGPT has been working on the product since mid-2022 and its native token, GPT, runs on zkRollup's layer-two scaling solution.
Even if it has not been verified, CryptoGPT would have applications with 2 million users, becoming the only artificial intelligence platform to come close to the success of ChatGPT. Additionally, a look at their roadmap reveals plans for an upcoming launch of NFT collections and a token generation event expected soon via a crypto launchpad.
In the current state of the cryptocurrency market, AI-related coins such as SingluarityNET (AGIX), Ocean Protocol (OCEAN), and Fetch.AI have seen significant price increases, with the quotation of The Graph (GRT) which leads the industry with a market capitalization of a whopping $1,5 billion. In recent times, in order to capitalize on the current interest in Artificial Intelligence (AI), many major cryptocurrencies have attempted to get on the AI bandwagon in hopes of gaining more exposure.
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