This article was first published on SingularityNET - Medium
We’re proud to announce the launch of SingularityNET X-Lab, a blockchain based AI startup accelerator.
After the launch of the SingularityNET Beta earlier this year, it became possible for enterprises to source their AI in a decentralized manner. However, AI is not a traditional software solution that can be easily utilized after being plugged into a system. Integrating AI appropriately often requires talent, training, and resources.
AI talent is rare. A new report by MMC ventures concluded that almost 40% of AI startups in Europe have nothing to do with AI. Similarly, other reports have found that only 10% of companies are utilizing impactful AI.
While the rarity of AI talent is an essential factor, the most significant challenge faced by enterprises looking to integrate a powerful AI solution is structural in nature. AI requires a lot of initial training, data calibration, and tinkering to make it adapt to the existing system. Once integrated, according to a Deloitte’s 2017 Human Capital Trends report, the workforce itself needs to be reorganized to allow for humans and AI working together.
The democratization of AI necessitates that everyone benefits from the technology. At the backend, the SingularityNET platform relies on a decentralized network of AI services. Anyone can upload their AI services onto this decentralized network without seeking any permission or approval from a centralized privileged entity.
As AI matures over the next few years and becomes a necessity for almost every organization and as the benefits of sourcing AI in a decentralized manner increase, the demand for a bridge between decentralized AI and those looking to integrate it within their systems will only become more acute. By helping entrepreneurial teams through the SingularityNET X-Lab, we hope to make the entire process of adopting decentralized AI ...
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SingularityNET - Medium