Image this: The 12 months is 1991, and Arnold Schwarzenegger, our beloved motion hero, is again in motion because the Terminator (this time as the nice man). On one aspect, you may have this super-smart AI bent on exterminating humanity, and on the opposite, you've received the Austrian Oak himself.
After I consider AI, I can't assist however recall "Terminator 2: Judgment Day." You recognize, the one the place a future AI often called Skynet had a bone to choose with humanity and thought, “Hey, why not develop some killer robots to spice things up?” Everyone knows how that battle ended: Arnold giving a stoic thumbs up as he voluntarily plunged himself right into a vat of searing molten metal.
Similar to within the film, SingularityNET's market harnesses the facility of AI, however with blockchain expertise thrown on prime. As an alternative of robotic apocalypses, nonetheless, it affords a world of prospects by unleashing AI's potential for the higher.
SingularityNET's Market is a bit just like the futuristic expertise we noticed in The Terminator. On this case, nonetheless, it's an internet site the place yow will discover varied AI companies. These companies are listed on the positioning. Simply as Arnold's character introduced his unwavering dedication to avoid wasting humanity, SingularityNET combines AI and blockchain to deliver a brand new stage of belief and automation to the world of AI companies.
This SingularityNET overview will discover how the corporate represents a daring leap in the direction of a future powered by AI and blockchain expertise.
SingularityNET Evaluate Abstract
SingularityNET is a decentralized market for synthetic intelligence. Not like Skynet's menacing agenda, SingularityNET goals to democratize entry to AI companies, breaking down the boundaries which have historically confined them to tech giants.
Headquarters | The Netherlands |
Yr Based | 2017 |
Founders | Ben Goertzel and David Hanson |
Native token | AGIX |
Complete funding quantity | $66 million |
The Key Options of SingularityNET Are:
- Sturdy AI platform
- AI – Area-Particular Language
- AGIX Staking
- SingularityNET Bridge
- OpenCog Hyperon
What Is The Singularity?
Earlier than we start our overview of SingularityNET, it's important to grasp what the time period “Singularity” means.
AI has gained unprecedented prominence in recent times, shifting away from a little-known space of pc science into arguably probably the most sought-after section. As you're conscious, there have been appreciable developments in AI in recent times — medical prognosis, pc imaginative and prescient and picture classification, packages like ChatGPT, and augmented actuality are simply a number of the examples.
The Holy Grail, nonetheless, is "The Singularity,” a point in the future where technology evolves to a point that makes human intelligence obsolete. Artificial general intelligence (AGI) is closely tied to the singularity. Think of AGI as a level of intelligence equal to that of a human where it could, at least theoretically, accomplish any intellectual task that we can. AGI is considered a prerequisite for the singularity to occur.
Proponents paint a rosy picture of the future after Singularity — a new era of technological advancements, enhanced human capabilities and better quality of life. Those in the opposing camp, however, say it could lead to economic disruption and job displacement, and, this may sound familiar, the possibility of AI-powered warfare.
Right, back to SingularityNET.
What Is SingularityNET?
SingularityNET is using blockchain to open access to artificial intelligence models. It serves as a link among AI services around the world. Developers publish their services to the SingularityNET network, where they can be used by anyone. Developers are able to charge for the use of their services using the native AGIX token.
Developers can provide inference or model training across myriad domains such as image, video, speech, text, time-series, bio-AI, and network analysis. These services can take various forms — wrapping a well-known algorithm, a complete end-to-end solution for an industry problem, or a standalone AI application. In addition, developers can also deploy autonomous AI agents that interoperate with other services on the network.
The company aims to let anyone monetize AI, allowing companies and developers to buy and sell AI algorithms at scale, which will lower costs and increase the capabilities of AIs. As SingularityNET CEO Ben Goertzel put it:
“It lets you have a network of A.I.s that nobody owns.” – The New York Times
A major step towards achieving singularity is bridging the gap between AI and robotics — something SingularityNET is working on as well.
In 2021, SingularityNET co-founder and CEO of Hanson Robotics David Hanson released Sophia, a humanoid robot. That same year, SingularityNET launched SophiaDAO, which is tasked with Sophia's growth, well-being and development. Desdemona, or Desi, is the company's latest AI and robotics project. Touted as an AI diva, the plan is to turn Desi into an AI popstar, celebrity and influencer.
SingularityNET COO Janet Adams told Decrypt that humanity could achieve singularity sooner rather than later.
“We acknowledge that there are a number of research breakthroughs to happen before we get to human-level AGI (artificial general intelligence). “But we have built the technology stack for that AGI, and they could even emerge sooner than three to seven years.” – Decrypt
Who Are SingularityNET's Founders?
Goertzel and Hanson are SingularityNET's co-founders.
In addition to SingularityNET, Goertzel leads SingularityNET Foundation, the OpenCog Foundation, and the AGI Society, which runs the annual Artificial General Intelligence conference. As chief scientist of Hanson Robotics, he led the software team behind the Sophia robot. Goertzel has a PhD in mathematics, and he has over published 25 scientific books, about 150 technical papers, and numerous journalistic articles, and he has given talks at a vast number of events of all sorts.
At one time, Hanson used to work as a Walt Disney Imagineer, both a sculptor and a technical consultant in robotics, and later founded Hanson Robotics. He has published dozens of papers in materials science, artificial intelligence, cognitive science, and robotics journals. Hanson holds a Ph.D. in interactive arts and technology.
SingularityNET Review: Top Features
SingularityNET aims to be the Swiss army knife of blockchain-AI startups. Here's how:
AI Marketplace
The SingularityNET Marketplace is a decentralized application (DApp), which lists the available AI services and helps you to interact with those services through a web interface. It performs a number of functions:
- Facilitating trustless and automated transactions
- Publishing new AI services and organizations on the blockchain
- Tracking successful API calls and defining pricing strategies
Each service on the marketplace has its own page with information like pictures, prices, and how to use it. You can also see how well it's been rated by others and even try a demo if it's available.
If you're a developer who creates these smart services, you'll get access to the “AI Publisher Portal.” This unlocks a host of helpful tools — usage analytics, team management and coordination, financial management, and beta testing tools — that can be used to better manage your services and glean insights into how people are using them.
AGIX Staking
Holders of SingularityNET's native AGIX token can contribute to the strength of the project through the Staking portal. Users can stake their AGIX tokens in 30-day sessions. At the end of this period, they can either continue to allow their tokens to continue staking or withdraw them along with any reward earned during the period.
The staking portal is operational on the Ethereum blockchain, and the company is currently beta-testing a staking portal on the Cardano blockchain which should be released in the near future.
SingularityNET Bridge
SingularityNet Bridge allows users to transfer their tokens across supported blockchains. Currently, it supports AGIX and NTX tokens on Ethereum and Cardano.
When converting tokens from Ethereum to Cardano, the bridge will burn the Ethereum-based tokens in a smart contract, and an equal amount of new tokens will be minted on Cardano. When moving back from Cardano to Ethereum, the AGIX-ADA tokens will get burned and the same amount of AGIX-ETH tokens will be minted on the Ethereum side, available for the user to claim.
AI – Domain-Specific Language (DSL)
AI-DSL is a service that's being developed for the future. AI models typically follow an “if-then” logic. For example, if you bring lunch from home, then will not need to buy it at work.
What makes AI DSL special is that it doesn't need strict, specific instructions for what it can do or how it should do it. It's like an AI personal assistant that's continuously learning and evolving to become better at helping you with various tasks.
Imagine you have a vast array of digital services, each capable of performing different tasks. Some can analyze data, others can make predictions, and some can even interact with the physical world. With AI-DSL, you can orchestrate these services to work together in a way that suits your needs best.
AI-DSL is designed to adapt to the changing landscape of available services. As more services are launched on the platform, AI-DSL will learn how to use them efficiently. It won't just blindly pick services; it will consider factors like cost, speed (how quickly it can get the job done), and reliability (how well it can do the task without errors). This decision-making process is informed by SingularityNet's reputation system for AIs.
This functionality is on the horizon and will be available in the future.
OpenCog Hyperon
Another future functionality, OpenCog Hyperon will implement a complete, scalable, and open-source general artificial intelligence system based on the principles of OpenCog. It is an open-sourced platform where different AI strategies and methods such as neuro-symbolic AI, evolutionary learning systems, machine learning, and other AI approaches can collaborate based on a shared knowledge metagraph (Atomspace).
The company thinks this upgrade to OpenCog Hyperon will have similar effects on its AI approach as the increased CPU speed and availability of large datasets have had on machine learning in past decades.
PayPal Integration
In 2019, SingularityNET announced its platform's integration with PayPal, which can be used to pay for services.
The technology on the back end converts fiat PayPal transactions into AGIX utility tokens. It all happens behind the scenes, and the user doesn’t need to concern themselves with AGIX tokens at all. From their perspective, they simply pay for AI services on the marketplace with PayPal, and get the services they require.
Deep Funding
Have a great idea? SingularityNET might fund it for you!
While SingularityNET may fund you, it's important to note that you'll maintain ownership of your model, not SingularityNET. Eligibility-wise, anyone can get funded as long as they meet two conditions:
- The proposed project should support the growth of the AI platform
- The proposed project should support the mission and vision of SingularityNET of creating a beneficial singularity
The third round of Deep Funding stopped taking proposals on Sept. 3.
AGIX Token
AGIX is a multi-chain token that works on Cardano and Ethereum. SingularityNET uses AGIX to power its ecosystem. In addition, token holders can participate in governance decision-making within the SingularityNET organization.
The ICO for SingularityNET’s token, then known as AGI, was held in December 2017, in the midst of the massive rally that took many cryptocurrencies to their all-time highs. The ICO was highly oversubscribed, receiving $361 million in commitments versus a hard cap of $36 million. All told, the ICO was scooped up in under a minute.
Today, AGIX has a market cap of $217.2 million. It is down over 80% from its all-time high price of just under a dollar, which it achieved in January 2018.
Although AGIX is traded on some exchanges, SingularityNET recommends against trading, calling it “against the ethics of AGIX token and SingularityNET project.”
Artificial Superintelligence Alliance
In March 2024, SingularityNET, Fetch.ai and Ocean Protocol announced plans to merge their tokens with an aim to form what they call the "Synthetic Superintelligence Alliance," where their individual tokens would combine to create a new token called Artificial Superintelligence (ASI), The Block reported.
The agreement aims to establish the largest open-sourced, independent player in AI research and development. The teams behind this move highlighted the opportunity to leverage the growing significance of AI and the expansion of their projects. They intend to build a decentralized infrastructure on a large scale and boost investment in AI.
The combination of our technologies creates a leader in R&D, applications and commercialization of AGI. The unified ASI token is the glue to orchestrate all actors with common incentives. ASI tokens are used to secure the public network, as data access tokens and to unlock computation without needing traditional banking and payment rails. It’s the native currency for the machine economy. – The Block
The projects are set to present integration proposals to their respective governance communities on March 27, marking the commencement of a 14-day consultation period. Voting on these proposals is scheduled for between April 2 and April 16.
Upon community approval, Fetch.ai (FET) is slated to transform into ASI, boasting a total supply of 2.63 billion tokens and an initial valuation of $2.82 per token. SingularityNET (AGIX) and Ocean Protocol (OCEAN) will migrate to ASI at conversion rates of approximately 0.43335 to 1 and 0.433226 to 1, respectively. This amalgamated ASI token is projected to hold a fully diluted value of $7.5 billion, based on prevailing market prices, according to The Block.
A governing council, named the "Superintelligence Collective," is set to be formed to oversee and steer the operations of the merged tokenomic network. SingularityNET founder Ben Goertzel is designated as the CEO of the Superintelligence Collective, while Fetch.ai founder Humayun Sheikh will serve as chairman. Additionally, Bruce Pon and Trent McConaghy will represent Ocean Protocol on the council.
It is imperative, as the AI revolution intensifies, to ensure that AGI and ASI as they develop are not owned and controlled by any particular party with its biased interests. They should be rolled out in an open, democratic and decentralized way. This has been the joint vision of SingularityNET, Fetch.ai and Ocean Protocol from their inception, and for this reason, it makes total sense that our three projects come together to form a tokenomic network that has greater power to take on Big Tech and shift the center of gravity of the AI world into the decentralized ecosystem. – The Block
Fetch.ai, Ocean Protocol Foundation, and SingularityNET Foundation will remain independent organizations. However, they will collaborate closely within the shared ASI tokenomic ecosystem and in managing the operations of the Superintelligence Collective.
SingularityNET Partnerships
SingularityNET has struck a number of partnerships, but perhaps its biggest one so far is with Cardano.
In September 2020, SingularityNET started collaborations with the company behind the Cardano blockchain. The purpose was to port some of the SingularityNET platform to the Cardano blockchain. The Cardano community recently voted to set aside $500,000 worth of ADA tokens in funding for AI projects, deepening the partnership between SingularityNET and Cardano.
Here are a few recent SingularityNET partnerships:
- EARTHwise: The companies will work closely on developing decentralized AI and gaming solutions and help accelerate the UN Sustainable Development Goals.
- Vechain: To advance data-driven sustainability technology and deliver enterprise-quality AI solutions to help businesses embrace the combined values of blockchain and AI.
- World Mobile: To develop AI solutions for customer service and explore an exciting opportunity to develop AI micro-lending for their mobile customers.
SingularityNET Review: Closing Thoughts
SingularityNET is an ambitious and forward-thinking project that aims to democratize access to artificial intelligence through its decentralized marketplace for AI services.
One of the primary goals of SingularityNET is to break down the barriers that restrict access to AI technology. Developers can publish their AI services on the SingularityNET network, making them accessible to anyone interested in utilizing these services.
SingularityNET's approach to AI democratization aligns with the goal of lowering costs and expanding the capabilities of AI. As CEO Ben Goertzel puts it, the platform enables "a community of AIs that no person owns," which is a big departure from the centralized AI fashions maintained by tech giants.
SingularityNET has additionally shaped important partnerships, with Cardano being some of the notable collaborations. The combination with Cardano's blockchain enhances the scalability and potential of SingularityNET's platform. Different partnerships with organizations like EARTHwise, VeChain, and World Cellular additional prolong its attain and influence throughout varied sectors, together with sustainability, data-driven options, and customer support.
All in all, SingularityNET represents a daring and visionary leap right into a future the place AI and blockchain expertise converge to reshape how we entry and work together with AI companies.
Ceaselessly Requested Questions
What’s SingularityNET, And What Is Its Major Mission?
SingularityNET is a decentralized market for synthetic intelligence. Its main mission is to democratize entry to AI companies and capabilities by enabling builders to publish and monetize their AI companies on a world community accessible to everybody. It goals to interrupt down the focus of AI energy held by a couple of tech giants.
Who Are The Founders Of SingularityNET?
SingularityNET was co-founded by Ben Goertzel and David Hanson. Goertzel is a famend AI researcher with a background in arithmetic, whereas Hanson is understood for his work in robotics and interactive arts.
What’s the Singularity In The Context of AI, And How Does AGI Relate To It?
The Singularity refers to a hypothetical level sooner or later the place expertise advances to a stage the place human intelligence turns into out of date. Synthetic basic intelligence (AGI) is intently tied to the Singularity because it represents AI that may carry out duties in addition to people. AGI is seen as a prerequisite for the Singularity to happen.
How Does SingularityNET Use Blockchain Expertise?
SingularityNET makes use of blockchain to create a world community the place builders can publish AI companies. It leverages blockchain for trustless and automatic transactions, enabling customers to entry and use AI companies by way of good contracts.
What Is The AGIX Token, And How Is It Used Inside SingularityNET?
AGIX is SingularityNET’s native token, used for transactions throughout the platform. Token holders can even take part in governance choices associated to SingularityNET.
What Are The Key Options Of SingularityNET's Platform?
SingularityNET affords a sturdy AI platform, an AI-specific area language, AGIX staking for token holders, the SingularityNET Bridge for cross-chain transfers, and OpenCog Hyperon, a future addition centered on basic synthetic intelligence.
What’s the Synthetic Superintelligence Alliance?
The Synthetic Superintelligence Alliance is a collaboration between Fetch.ai, SingularityNET, and Ocean Protocol to merge their tokens and create a brand new token known as Synthetic Superintelligence (ASI). This alliance goals to ascertain a decentralized infrastructure for AI analysis and growth.
What’s the goal of the ASI token?
The ASI token serves because the native foreign money for the machine economic system. It’s used to safe the general public community, grant entry to knowledge, and facilitate computational processes with out counting on conventional banking and fee methods.
What are the conversion charges for migrating present tokens to ASI?
Fetch.ai (FET) will convert to ASI with a complete provide of two.63 billion tokens and an preliminary worth of $2.82 per token. SingularityNET (AGIX) and Ocean Protocol (OCEAN) will migrate to ASI at conversion charges of roughly 0.43335 to 1 and 0.433226 to 1, respectively.
Will Fetch.ai, Ocean Protocol Basis, and SingularityNET Basis stay unbiased organizations?
Sure, Fetch.ai, Ocean Protocol Basis, and SingularityNET Basis will proceed to function as separate entities. Nonetheless, they are going to collaborate intently throughout the shared ASI tokenomic ecosystem and in managing the operations of the Superintelligence Collective.