SORA

2024

Bittensor

when

<p>OpenAI has established itself as an industry pioneer by now. With its latest launch of SORA, the Sam-Altman-backed company has made AI’s exposure even more evident to the common public. However, rising competition in the same industry can challenge the behemoth’s market grasp. A recent <a rel="noopener noreferrer nofollow" href="https://www.forbes.com/sites/digital-assets/2024/02/24/decentralized-ai-on-blockchain-rivals-openais-lead/?sh=4ff4ca837c28" target="_blank">Forbes</a> report highlights how decentralized AI projects can potentially perform better than OpenAI SORA.</p>
<h2 id="decentralized-ai-to-potentially-challenge-openai">Decentralized AI to Potentially Challenge OpenAI</h2>
<p>Forbes in a recent interview highlighted that OpenAI’s <a href="https://coingape.com/openai-sora-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">SORA</a> has captured the attention of the general public. However, decentralized AI projects such as Gensyn, OORT, and Bittensor are emerging in the cryptocurrency and blockchain space to leverage the advantages of decentralization, such as improved data privacy and cost savings, to speed up AI development.</p>
<p>The feature of keeping data anonymous and ensuring privacy can potentially be a setback for OpenAI. Apart from these applications, the development in the AI industry is rampant. With multiple companies trying to leverage <a href="https://coingape.com/ai-news-radio-free-mobile-boss-expects-tech-names-to-start-minting-on-ai-revenue/" target="_blank" rel="noopener noreferrer nofollow">AI revenue</a>, OpenAI will likely see intense competition in the future.</p>
<p><strong>Read Also: <a href="https://coingape.com/amazon-nvidia-microsoft-join-openai-in-675m-figure-ai-investment/" target="_blank" rel="noopener noreferrer nofollow">Tech Titans Join OpenAI in $675M Funding for Figure AI’s Humanoid Robotics</a></strong></p>
<h2 id="decentralized-ai-likely-safer-option-for-users">Decentralized AI Likely Safer Option for Users</h2>
<p>According to Forbes, decentralized AI, which makes use of blockchain technology and cryptographic economic incentives, invites people all over the world to contribute data and processing power. The feature promotes innovation and the broad adoption of AI technologies.&nbsp; The report further highlights that decentralized AI is still in its infancy, but it has the potential to completely transform the way AI is developed. A more democratic and reliable AI ecosystem is made possible by enabling direct connections between developers and users. This can eventually circumvent the conventional gatekeepers of centralized authorities.</p>
<h2 id="openai-sora-faces-issues-with-misinformation">OpenAI SORA Faces Issues with Misinformation</h2>
<p>Most information that is uploaded and created on OpenAI’s SORA is anonymous. The discrete nature of the application makes it easier for people to create fake videos. Due to this many are worried about the implications of it in the future. <a rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/newsletters/2024-02-22/openai-s-sora-video-generator-is-impressive-but-not-ready-for-prime-time" target="_blank">Bloomberg</a> writes that it’s a dubious time to introduce a potent new video-generation tool for OpenAI. Many politicians, misinformation researchers, and technological experts are worried that hyper-realistic AI deep fakes will be used to trick voters in 2024 when a large portion of the world will be able to vote. However, OpenAI’s SORA will likely address all these concerns eventually in the near term. However, with the legitimacy of the content in question, blockchain-based decentralized AI apps can eventually emerge as a better option for users.</p>
<p>The post <a href="https://coingape.com/openais-market-position-vulnerable-to-intensifying-competition/" rel="noopener noreferrer nofollow">OpenAI’s Market Position Vulnerable to Intensifying Competition</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

OpenAI’s Market Position Vulnerable to Intensifying Competition

Table of Contents

Coingape News Media

Other articles published on Feb 24, 2024

AMD Prepares Industry Partners for the Arrival of Instinct MI400 AI Accelerator

6 Top Crypto Projects Expected to Launch Airdrops This Year

US prosecutors want Changpeng Zhao to surrender all passports

Bitcoin Gathers Strength as Analysts Highlight Key Consolidation Level

Streaming sensation DeeStream excites Twitch influencers as more TRX & AVAX holders invest

Audio Token Showing Strong Buying Momentum; Can It Blast Higher?

Join our free newsletter for daily crypto updates!