HyperCycle is a decentralized network that connects AI machines to make them smarter and more profitable. It enables companies of all sizes to participate in the emerging AI computing economy.

Artificial intelligence (AI) is a rapidly evolving field that seems likely to fall into the hands of major companies or organizations with nationally driven budgets. One might think that only these have the massive financial resources to generate the computing power to train and ultimately own AI.

Recent events at OpenAI, a developer of the AI chatbot ChatGPT, highlight the challenges of centralized AI development. The firing of CEO Sam Altman and the resignation of co-founder Greg Brockman raise questions about governance and decision-making in centralized AI entities and highlight the need for a more decentralized approach. Srinivasan Balaji, a former chief technology officer at Coinbase, has become a staunch proponent for increased transparency in the realm of AI, advocating for the adoption of decentralized AI systems.

In addition to centralization, theres a lot of fragmentation in the AI space, meaning cutting-edge systems are unable to communicate with one another. Moreover, a high degree of centralization brings considerable security risks and reliability issues. Plus, given the vast amounts of computing power needed, efficiency and speed are key.

To achieve the full potential of AI that answers to all of humanity, we need a different approach one that decentralizes AI and allows AI systems to communicate with each other, eliminating the need for intermediaries. This would increase AI systems time to market, intelligence and profitability. While many systems are currently specialized in specific tasks, such as voice or facial recognition, a future shift to artificial general intelligence could allow one system to undertake a wide range of tasks simultaneously by delegating those tasks to multiple AIs.

As mentioned above, currently, the AI industry is dominated by large corporations and institutional investors, making it difficult for individuals to participate. HyperCycle, a novel ledgerless blockchain architecture, emerges as a transformative solution, aiming to democratize AI by establishing a fast and secure network that empowers everyone, from large enterprises to individuals, to contribute to AI computing.

HyperCycle is powered by a layer 0++ blockchain technology that enables rapid, cost-effective microtransactions between diverse AI agents interconnected to each other, and collectively solving problems.

This internet of AIs allows systems to interact and collaborate directly without intermediaries. It addresses the challenges of overcoming the slow, costly processes of the siloed AI landscape.

This is particularly timely, as the number of machine-to-machine (M2M) connections globally is increasing rapidly.

For instance, existing companies could interact with HyperCycles AIs specializing in IoT, blockchain, and supply chain management to optimize logistics for clients, predict maintenance before breakdowns occur, and ensure seamless data integrity. By enabling this interconnected ecosystem of decentralized A Is, HyperCycle can lead to operational efficiency and innovation in service offerings.

HyperCycle has also partnered with Penguin Digital to create HyperPG, a service that connects all the network beneficiaries together. HyperPG uses Paraguays abundant hydropower to provide a green and efficient source of energy for AI computing.

One of HyperCycles key features is the HyperAiBox, a plug-and-play device that allows individuals and organizations to perform AI computations at home and reduces their reliance on large corporations with vast data centers. The compact box is about the size of a modem, has a touchscreen, and allows nodes to be operated from home and network participants to be compensated for the resources they provide to the network. It is also a low-power solution.

The launch of HyperCycles mainnet, ahead of schedule, highlights the networks rapid growth. Currently, over 59,000 initial nodes are providing Uptime to the network by covering operational expenses. An additional 230,000 single licenses will soon join the ecosystem. This expansion indicates a strong demand for over 295 million HyPC tokens, reflecting the networks engagement and growth.

The three key metrics of Uptime, Computation, and Reputation incentivize node operators to maintain high standards, ensuring a stable, secure, and decentralized network environment.

Since June 2023, HyperCycles network has been operational, scaling up as demand increases. Source: HyperCycle

AI remains at a nascent stage, but HyperCycles goal is to anticipate the challenges that might stand in this technologys way and break down barriers to entry, making AI more accessible and affordable to everyone.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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How an 'internet of AIs' will take artificial intelligence to the next level - Cointelegraph

Kitchener-Waterloo Video

Posted: November 23, 2023 Last Updated: November 23, 2023

A robotic armdeveloped by researchers at the University of Waterlooaims tohelp doctors more efficiently kill cancerous tumours using artificial intelligence.

It works by helping guide doctors to more accurately focus high-intensity focused ultrasound treatment or HIFU on cancerous tumours, limiting the amount of damage done to healthy, non-cancerous cells.

Moslem Sadeghi Goughari,the research lead behind the project, said therobotic arm is the first to use artificial intelligencein this way.

"Artificial intelligence right now is an accepted technology forhealthcare.It's currently used,for example, for cancer diagnosis.But in terms of the HIFU monitoring, we are the first group of people that's using A.I. for this procedure," he said.

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He said his team hasdeveloped the first AI-powered ultrasound imaging systemfor non-invasive cancer treatment.

HIFUis a minimally invasive medical procedure that is used to treat tumoursusing ultrasound waves that heat and kill cancer cells.

The robotic arm that Sadeghi Goughari and his team created will allow doctors to more accurately monitor the progress of HIFU treatment as it is happening. This is made possible by equipping the robotic arm with artificial intelligence.

"Ultrasound imaging [in HIFU]is not easy fordoctors. They need higher skills, they need training and it's not really accurate because it depends on the skill of the doctorif they can detect the updated area," he said.

"Technically, it's consideredthe biggest barrier for the HIFU treatment."

Sadeghi Gougharisaidbecause the robotic arm reduced damage to non-cancerous, healthy cells, patients willhave a shorter recovery time of two days, compared to the average of 10 days needed to recover after each HIFU treatment session.

Sadeghi Goughari said there are some downsides to using AI because the accuracy of the robot depends on the data used to train it.

"That's why at this stage, in our lab, we're using this technology on the in-vitro medium. It's not on live tissue," he said.

To fix that, the team is working on getting more accurate data from a doctor and researcher they have partnered with in South Korea.

The next step after that is to do more testing and receive FDA approval before the robot is available for cancer treatment at local hospitals.

"The problem we are solving is the problem that everyone in ...the field of non-invasive treatment is talking about," Sadeghi Goughari said.

Aastha Shetty CBC journalist

Aastha Shetty can be reached via email aastha.shetty@cbc.ca or by tweeting her at @aastha_shetty

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His team is using artificial intelligence to help kill cancer - CBC.ca

Artificial intelligence (AI) is rapidly growing and has transformed the landscape of many sectors including personal finance management. AI-powered tools and applications are helping individuals access a wide range of resources that help them in various tasks including automation, financial decision making, and protection of financial information. However, as with any technology, AI also has its flipside. Before using AI in personal finance, learn about its pros and cons carefully and then only incorporate it into your financial planning strategy.

Talking to OutlookMoney, Ankur Srivastava, cofounder and CEO of QiTech said, In the realm of personal finance, the integration of AI introduces a nuanced dance. AI's expertise in dissecting extensive datasets provides invaluable personalized financial insights and enhances investment strategies, while its automation streamlines mundane tasks, fostering overall efficiency.

Also Read: Tips To Save Money On Income Tax And Stay On Course For 2024

However, a conundrum surfaces with the looming threat of privacy erosion as AI delves into sensitive financial data. The peril of overreliance on algorithms is significant, posing a risk to financial literacy. Furthermore, the specter of algorithmic bias raises concerns about perpetuating inequalities. Achieving a delicate equilibrium is essential, leveraging AI for informed decision-making while unwaveringly upholding ethical and equitable financial practices on both individual and societal fronts," Ankur Srivastava added.

Benefits of AI in Personal Finance

Automation and Efficiency: With the hep of AI, many time-consuming tasks can be automated. Tasks like budgeting, tracking expenses, and monitoring investment performance can be automated with the help of AI which frees up time for individuals giving them elbow-room to focus on other aspects of their financial lives.

Personalized Recommendations: Individuals can use AI-powered algorithms to analyze financial situation, goals, and risk tolerance, etc. This gives them tailored financial advice and recommendations. It is particularly beneficial for people who lack financial literacy or do not have access to any traditional financial advisor.

Enhanced Security: Fraudulent activities can be detected and prevented with the help of AI. It can also help with an extra layer of security and protection against financial loss.

Disdvanteges of AI in Personal Finance

Privacy Concerns: Financial tools powered by AI often need access to an individual's personal financial information. Many individuals are concerned about sharing their data security and privacy breaches in such cases.

Limited Human Touch: Even though AI can help an individual with valuable insights and recommendations, it lacks emotional intelligence. Its judgment are different from of a human financial advisor. AI can lead to suboptimal financial decision-making and missed opportunities.

Over-reliance on Technology: AI can hinder a persons ability to think critically and hamper his nuanced decision-making skills. Individuals should only use AI as a tool to supplement their own financial knowledge and understanding and do not become over-dependent on it.

Heres How to Make the Most of AI in Personal Finance

Following tips can help you in effectively utilizing AI in personal finance management:

Choose Reputable AI-Powered Tools: Go for financial tools and applications that are created by reputable companies which have a strong track record in terms of data security and privacy protection.

Maintain Human Oversight: You know yourself better! While AI can help you in automating tasks and providing insights, it's important for you to maintain human oversight and ensure that financial decisions align with your goals and circumstances.

Develop Financial Literacy: Keep learning, educate yourself about lates personal finance updates and then use AI to make informed financial decisions.

AI can greatly help in personal finance management by providing you with tools to automate tasks, make informed decisions, and enhance security. But it's crucial to approach AI with caution. Always consider its potential risks and take steps to protect your privacy and maintain human oversight. Strike a balance between automation and human intelligence. Leverage the benefits of AI and also safeguard your financial well-being. AI is a technology in nascent stages and it will evolve further, its impact on personal finance is likely to grow. It will give us more opportunities to manage finances effectively and achieve financial goals.

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Artificial Intelligence In Personal Finance: Its Pros, Cons And How To Make The Most Of It - Outlook India

U.S. EmbassyLondon, United Kingdom

1:43 P.M. GMT

THE VICE PRESIDENT: Hello, everyone. Good afternoon. Good afternoon, everyone. (Applause.) Please have a seat. Good afternoon. Its good to see everyone.

Ambassador Hartley, thank you for the warm welcome that you gave us last night and today, and for inviting us to be here with you. And thank you for your extraordinary leadership, on behalf of the President and me and our country.

And it is, of course, my honor to be with everyone here at the United States Embassy in London, as well as to be with former Prime Minister Theresa May and all of the leaders from the private sector, civil society, academia, and our many international partners.

So, tomorrow, I will participate in Prime Minister Rishi Sunaks Global Summit on AI Safety to continue to advance global collaboration on the safe and responsible use of AI.

Today, I will speak more broadly about the vision and the principles that guide Americas work on AI.

President Biden and I believe that all leaders from government, civil society, and the private sector have a moral, ethical, and societal duty to make sure that AI is adopted and advanced in a way that protects the public from potential harm and that ensures that everyone is able to enjoy its benefits.

AI has the potential to do profound good to develop powerful new medicines to treat and even cure the diseases that have for generations plagued humanity, to dramatically improve agricultural production to help address global food insecurity, and to save countless lives in the fight against the climate crisis.

But just as AI has the potential to do profound good, it also has the potential to cause profound harm. From AI-enabled cyberattacks at a scale beyond anything we have seen before to AI-formulated bio-weapons that could endanger the lives of millions, these threats are often referred to as the existential threats of AI because, of course, they could endanger the very existence of humanity. (Pause)

These threats, without question, are profound, and they demand global action.

But let us be clear. There are additional threats that also demand our action threats that are currently causing harm and which, to many people, also feel existential.

Consider, for example: When a senior is kicked off his healthcare plan because of a faulty AI algorithm, is that not existential for him?

When a woman is threatened by an abusive partner with explicit, deep-fake photographs, is that not existential for her?

When a young father is wrongfully imprisoned because of biased AI facial recognition, is that not existential for his family?

And when people around the world cannot discern fact from fiction because of a flood of AI-enabled mis- and disinformation, I ask, is that not existential for democracy?

Accordingly, to define AI safety, I offer that we must consider and address the full spectrum of AI risk threats to humanity as a whole, as well as threats to individuals, communities, to our institutions, and to our most vulnerable populations.

We must manage all these dangers to make sure that AI is truly safe.

So, many of you here know, my mother was a scientist. And she worked at one of our nations many publicly funded research universities, which have long served as laboratories of invention, creativity, and progress.

My mother had two goals in her life: to raise her two daughters and end breast cancer. At a ver- very early age then, I learned from her about the power of innovation to save lives, to uplift communities, and move humanity forward.

I believe history will show that this was the moment when we had the opportunity to lay the groundwork for the future of AI. And the urgency of this moment must then compel us to create a collective vision of what this future must be.

A future where AI is used to advance human rights and human dignity, where privacy is protected and people have equal access to opportunity, where we make our democracies stronger and our world safer. A future where AI is used to advance the public interest.

And that is the future President Joe Biden and I are building.

Before generative AI captured global attention, President Biden and I convened leaders from across our country from computer scientists, to civil rights activists, to business leaders, and legal scholars all to help make sure that the benefits of AI are shared equitably and to address predictable threats, including deep fakes, data privacy violations, and algorithmic discrimination.

And then, we created the AI Bill of Rights. Building on that earlier this week, President Biden directed the United States government to promote safe, secure, and trustworthy AI a directive that will have wide-ranging impact.

For example, our administration will establish a national safety reporting program on the unsafe use of AI in hospitals and medical facilities. Tech companies will create new tools to help consumers discern if audio and visual content is AI-generated. And AI developers will be required to submit the results of AI safety testing to the United States government for review.

In addition, I am proud to announce that President Biden and I have established the United States AI Safety Institute, which will create rigorous standards to test the safety of AI models for public use.

Today, we are also taking steps to establish requirements that when the United States government uses AI, it advances the public interest. And we intend that these domestic AI policies will serve as a model for global policy, understanding that AI developed in one nation can impact the lives and livelihoods of billions of people around the world.

Fundamentally, it is our belief that technology with global impact deserves global action.

And so, to provide order and stability in the midst of global technological change, I firmly believe that we must be guided by a common set of understandings among nations. And that is why the United States will continue to work with our allies and partners to apply existing international rules and norms to AI and work to create new rules and norms.

To that end, earlier this year, the United States announced a set of principles for responsible development, deployment, and use of military AI and autonomous capabilities. It includes a rigorous legal review process for AI decision-making and a commitment that AI systems always operate with international and within international humanitarian law.

Today, I am also announcing that 30 countries have joined our commitment to the responsible use of military AI. And I call on more nations to join.

In addition to all of this, the United States will continue to work with the G7; the United Nations; and a diverse range of governments, from the Global North to the Global South, to promote AI safety and equity around the world.

But let us agree, governments alone cannot address these challenges. Civil society groups and the private sector also have an important role to play.

Civil society groups advocate for the public interest. They hold the public and private sectors to account and are essential to the health and stability of our democracies.

As with many other important issues, AI policy requires the leadership and partnership of civil society. And today, in response to my call, I am proud to announce that 10 top philanthropies have committed to join us to protect workers rights, advanced transparency, prevent discrimination, drive innovation in the public interest, and help build international rules and norms for the responsible use of AI.

These organizations have already made an initial commitment of $200 million in furtherance of these principles.

And so, today, I call on more civil society organizations to join us in this effort.

In addition to our work with civil society, President Biden and I will continue to engage with the private companies who are building this technology.

Today, commercial interests are leading the way in the development and application of large language models and making decisions about how these models are built, trained, tested, and secured.

These decisions have the potential to impact all of society.

As such, President Biden and I have had extensive engagement with the leading AI companies to establish a minimum minimum baseline of responsible AI practices.

The result is a set of voluntary company commitments, which range from commitments to report vulnerabilities discovered in AI models to keeping those models secure from bad actors.

Let me be clear, these voluntary commitments are an initial step toward a safer AI future with more to come, because, as history has shown, in the absence of regulation and strong government oversight, some technology companies choose to prioritize profit over the wellbeing of their customers, the safety of our communities, and the stability of our democracies.

An important way to address these challenges, in addition to the work we have already done, is through legislation legislation that strengthens AI safety without stifling innovation.

In a constitutional government like the United States, the executive branch and the legislative branch should work together to pass laws that advance the public interest. And we must do so swiftly, as this technology rapidly advances.

President Biden and I are committed to working with our partners in Congress to codify future meaningful AI and privacy protections.

And I will also note, even now, ahead of congressional action, there are many existing laws and regulations that reflect our nations longstanding commitment to the principles of privacy, transparency, accountability, and consumer protection.

These laws and regulations are enforceable and currently apply to AI companies.

President Biden and I reject the false choice that suggests we can either protect the public or advance innovation. We can and we must do both.

The actions we take today will lay the groundwork for how AI will be used in the years to come.

So, I will end with this: This is a moment of profound opportunity. The benefits of AI are immense. It could give us the power to fight the climate crisis, make medical and scientific breakthroughs, explore our universe, and improve everyday life for people around the world.

So, let us seize this moment. Let us recognize this moment we are in.

As leaders from government, civil society, and the private sector, let us work together to build a future where AI creates opportunity, advances equity, fundamental freedoms and rights being protected.

Let us work together to fulfill our duty to make sure artificial intelligence is in the service of the public interest.

I thank you all. (Applause.)

END 1:59 P.M. GMT

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Remarks by Vice President Harris on the Future of Artificial ... - The White House

Are travelers ready to put their faith in AI?

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Is Artificial Intelligence, commonly known as AI, the long-awaited savior of the human race, or is it the bane of todays fast-paced, always-looking-for-a-shortcut society?

Although often without their knowledge or consent, consumers are affected by AI more than they realize. From healthcare to financial interactions and transportation to agriculture, AI is now playing a major role. The travel industry is not immune from its far-reaching tentacles.

Can AI impact real travel experiences?

getty

According to the National Research Group (NRG), a global data and insights firm, journalists are using AI to write online travel guides, influencers are showing their followers how to plan vacations with ChatGPT 2 and everyone from small travel agencies to industry giants are actively exploring how to use these technologies to provide a smoother, safer and more interactive digital experience for their customers.

In theory, AI-powered travel tools could be enormously helpful to consumers, helping to take the hassle out of vacation planning while offering the kind of personalized advice previously available only to those who could afford the services of a human travel agent.

But are travelers really ready to put their faith in AI when it comes to complex tasks like booking flights and accommodations, an itinerary or planning a budget? And what can travel companies do to ensure that the tools theyre building today are more than just a novelty, and instead have a real impact on the travel experiences of their users?

Consumers are certainly open to using AI to help with activities they see as a fun part of the travel experience. For example, 39% say that theyd be interested in getting recommendations for attractions to visit from an AI, while 36% would consider using an AI to find out about local dining options. But with these sorts of use cases, its important that consumers feel as if theyre still in the metaphorical driving seat.

While we believe in AI and are open to leveraging it, we lean into extreme personalization and surprise and delight our travelers, which can never be replaced by a machine, explains Inspirato SVP Destination Experience, Ashlee Collins. While ChatGPT and other AI tools can certainly provide a base or supplement an itinerary, it has a long way to go to fully replace human-planned trips. A big part of my job is knowing members personally and treating them as I would friends or family. If I know a family member has a bad knee, Ill choose a journey with less walking. If a member loves art, Ill suggest a trip around a gallery opening date or special exhibit.

Despite its purported advantages across all consumer sectors, a number of consumers still do not trust AI when it comes to certain aspects of planning and booking travel, according to NRGs study. From travel enthusiasts being duped by shoddy AI generated guidebooks on Amazon to errors in gaps of information generated by systems like ChatGPT, AI does not yet seem to be the solution to holistic travel planning.

Kuoda Travel Founder and President Mery Calderon adds, A boutique travel company will proactively reach out and check in with you throughout your trip, which is something that AI doesn't have the capacity to do. Intricate itineraries with lots of destinations and activities require the touch of an experienced agent that can weave them seamlessly based on realistic timelines and expectations derived from past experiences. When traveling internationally, a certified travel company can ensure your safety at all times, going as far as creating real time alternatives when unforeseen circumstances arise.

A summary of the NRG study concludes:

* 81% say if they were using AI to help plan a trip, theyd want to double check all the information given to them by the AI before making any decisions based on it.

* 81% are unwilling to share any information about their children with AI.

* 77% say that they are not comfortable letting AI access visas, passports or other important travel documents.

* 51% say theyre worried AI-powered travel tools will fail to adequately protect their personal data.

On the other hand, consumers are already excited about the potential applications AI could have for the travel industry. Forty-six percent of US consumers expect AI to have an overall positive impact on the travel experience, while fewer than half that number (18%) expect that it will be a net negative for travelers. Also, 61% of consumers say that theyd be willing to use a conversational AI to help plan a future trip.

Perhaps the most relevant and exciting application of the technology, from a consumer perspective, is the possibility of using conversational AI as a kind of virtual travel agent or concierge. Before a trip, consumers could ask an AI for personalized recommendations about which sites to visit, where to eat and stay or how to get the most out of their budgets.

AI can't replace human holistic travel planning.

getty

However, while ChatGPT can make suggestions for pre-planning, it cant solve problems on the fly. Human destination concierges help make sure the trip goes smoothly and can amend your itinerary in real-time. Collins says, These concierges are locals who know the area like the back of their hand and meet you at the property to help you settle in, give you an overview of the house and share their personal recommendations. They also stay in touch your entire trip and can continue making reservations and plans in real time.

According to Calderon, AI creates an itinerary based on the most common searches it has learned from other travelers, but not everyone has the same travel goals, and AI doesnt have the same kind of knowledge that an expert living in your destination does. She says, AI is only as good as your own ability to clearly write down what you need, and the accuracy of the information available on the internet. Expert, local travel agents analyze, anticipate, and have the knowledge and connections to match you with your ideal travel guide, hotels, and experiences.

Collins says, My prediction with AI in the travel space is that, even if the technology improves and travelers become more trusting of it, well start to lose the human connection and excitement that can come with planning a trip. I love my job because I get to create memories for our members and build custom itineraries with my own recommendations included from my own experiences.

As a travel journalist for three decades, my articles have appeared in The New York Times, the Philadelphia Inquirer, BELLA NYC, US News & World Report and many other media outlets. When not on the ski slopes, I can usually be found enjoying afternoon tea.

View original post here:
How Will Artificial Intelligence Impact The Travel Industry? - Forbes