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CryptoXTimes > Article > News > AI Power, Venice Unveiled, Shakes Grok’s Dominance
NewsBitcoin News

AI Power, Venice Unveiled, Shakes Grok’s Dominance

Redefining AI - Venice challenges Grok, embraces free speech

Rubab Fatima
Last updated: May 11, 2024 10:17 pm
Rubab Fatima 1 year ago
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AI Power, Venice Unveiled, Shakes Grok's Dominance

Venice AI, the latest venture, was revealed. It is run by Erik Voorhees, who is an Artificial Intelligence expert, a well-known Bitcoin figure, and the CEO of ShapeShift. It was also started by someone who used to work at Binance.

The tech business has taken a major step forward with this news. It directly competes with Elon Musk’s Grok and OpenAI’s ChatGPT, which could totally change the Artificial Intelligence world.

Voorhees said that Grok was centralized and closed source on the social networking site X. He also talked about Venice Artificial IntelligenceI there. He talked a lot about how important it is to have a stage where people can speak openly and where Orwellian ideas aren’t spread.

Announcing Venice

Today, we launch private, permissionless AI for the purpose of unfettered civilizational advancement: https://t.co/m2jsJuDuXS

Full announcement:https://t.co/lPIDpgI9K1@TryVenice

A thread…
1/17

— Erik Voorhees (@ErikVoorhees) May 10, 2024

Venice AI Communication

Voorhees said, “Venice gives you direct and unfiltered communication with machine intelligence.” Freedom of speech and privacy are important to Venice, and he made it clear that the city doesn’t favor or limit anyone.

According to the Artificial Intelligence, it can write, draw, and code computers. Voorhees wants to protect free speech and health, so this makes sense. Teana Baker-Taylor is a very important person for this major project. She has been a boss before at Circle, Binance, and HSBC, so she knows what she’s doing.

Voorhees used Venice to show how free speech can work, but not everyone agrees. People who support Bitcoin, like Jeff Kirdeikis, are worried about how well it works. They say it can’t solve hard problems, which is something that people have said about other Artificial Intelligence models.

Venice is our attempt to make permissionless, open-source AI so easy, fun, fast, and powerful that there’s little reason to go back to the centralized, permissioned alternatives.

Reduce friction = increase adoption

12/17

— Erik Voorhees (@ErikVoorhees) May 10, 2024

The growth of Venice AI shows that Artificial Intelligence is spreading out and becoming more open to everyone. Major names like Musk and OpenAI are in danger because of this. More progress is being made in the tech world, which makes the race to be the best Artificial Intelligence harder. This means there will be changes and new ideas soon.

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TAGGED: AI, Binance, Bitcoin, Crypto, Cryptocurrencies, HSBC
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