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CryptoXTimes > Article > News > Bitcoin Backer Voorhees Unveils Venice AI
NewsBitcoin News

Bitcoin Backer Voorhees Unveils Venice AI

Bitcoin advocate Voorhees launches Venice AI, competing with Grok, ChatGPT.

Aima Raza
Last updated: May 11, 2024 8:50 pm
Aima Raza 1 year ago
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Bitcoin Backer Voorhees Unveils Venice AI


Elon Musk’s Grok and OpenAI’s ChatGPT bots will be competing with Erik Voorhees’ new AI product on the X social media platform. Voorhees is the CEO of ShapeShift and is known for being an early supporter of Bitcoin. This statement comes after Voorhees recently said that Grok is too centralized and closed-source.

With a series of tweets, Voorhees introduced Venice AI, which he worked on with a former Binance executive and hopes to help “unfettered civilizational advancement.” In contrast to its rivals, Venice claims to protect privacy and free speech, rejecting bias, censorship, and spying. Voorhees says that the AI lets people connect directly with machine intelligence, making it easier to create text, images, and code.

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

Bitcoin Advocate Promotes Free Speech

In line with Elon Musk’s support for free speech, Voorhees stressed Venice’s part in promoting unrestrained speech. The development team is made up of Voorhees, an anonymous chief technology officer, Teana Baker-Taylor, who has worked for Binance, HSBC, and Circle, and an insignificant but skilled group of engineers.

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

Even though Voorhees supported Venice, Bitcoin supporter Jeff Kirdeikis disagreed with how it handled difficult topics, comparing it to OpenAI’s ChatGPT. Kirdeikis’ tweet came up in the middle of ongoing conversations that started when Musk promoted Grok. It shows how AI-powered communication is changing.

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TAGGED: AI, Bitcoin, Cryptocurrencies
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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