Blockchain could break big tech hold on AI: NYTimes

October 23, 2018
Chris Wheal

Leading experts and academics say blockchain has the potential to solve thornier aspects of artificial intelligence (AI) chiefly big tech companies’ hold on data and algorithms behind machine learning.

In an article in the New York Times, experts in the field say companies such as Google and Facebook are not only “hoarding the talent” but are also amassing “troves of online data that are necessary to train and refine the best machine learning programs.”

Blockchain could lead the pushback they say by spurring broader distribution of data and algorithms. Start-ups are working towards a goal to have machine learning capabilities under greater control by the user than trying to gain access through big companies.

Blockchain’s decentralised capabilities could allow AI networks to access data without any third party control. According to the NYTimes there are several startups setting up blockchain-based marketplaces buying and selling data.

In spite of these major concerns, the techs are not ranged against each other. AI and blockchain also have the potential to complement each other as Bernard Marr explains in Forbes. AI and blockchain encryption working well together, the ability of blockchain to track and explain AI decisions as well as AI’s ability to manage blockchain more efficiently than humans.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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