Cardano Founder Draws Parallels Between AI and Blockchain

According to U.Today, Charles Hoskinson, the founder of Cardano, recently used a social media platform to compare blockchains and AI models, emphasizing that short-term narratives often fail. He referenced the rise and subsequent competition faced by Sam Altman's OpenAI, a U.S.-based artificial intelligence research company known for its 'ChatGPT' model. Despite its initial dominance, OpenAI is now facing stiff competition from other language models. In a recent development, Anthropic, an American artificial intelligence startup founded by former OpenAI employees, introduced its Claude 3 family models. These models, according to benchmarks published by Anthropic, have outperformed OpenAI's GPT-4 in undergraduate-level knowledge, graduate-level reasoning, grade school math, coding, and mixed evaluations. Furthermore, Meta, formerly known as Facebook, is set to launch its Llama 3 language model in July, as reported by The Information. Even Elon Musk's Grok chatbot is adding to the competition in the AI space. Hoskinson asserts that Cardano is in a strong position as an ecosystem. He stated, 'I wouldn't bet against an ecosystem with the ability to engage and unlock millions of people, has an on-chain sovereign wealth fund, and has never failed in 2300+ days of uptime 24/7.' He also claimed that his blockchain has the best plan for scalability and governance. Hoskinson has previously argued that a first-mover advantage can sometimes be a disadvantage, as network effects can be fleeting, particularly in niche sectors such as decentralized finance.