- CoinFund founder Jake Brukhman stated that artificial intelligence (AI) has a “huge trust problem.”
- Web3 can open up the AI pipeline, which requires computing power to create and save models as APIs, according to Brukhman.
- Brukhman stated that WorldCoin’s proof of personhood is the most privacy-preserving solution.
In contrast to popular belief, Jake Brukhman, CEO of CoinFund, believed that blockchain and cryptocurrency could benefit artificial intelligence (AI) and not the other way around.
Laura Shin, in her latest podcast episode, Unchained, discussed AI and blockchain intersections with Brukhman and CoinFund President Chris Perkins. The asset management company CoinFund specializes in decentralization technologies.
According to Brukhman, crypto is most applicable to AI because AI has a “huge trust problem.” He shared his concerns over AI’s data collection; he believed that “companies that are centralized and have proprietary models are really in a position to suck up a lot of data from users.” He added that people are now more conscious of these privacy and trust issues. In Brukhman’s explanations:
“What I think Web3 can do for AI is open up the pipeline that creates these [proprietary] models. These pipelines start with data, with talent, and a lot of compute [to] train the models, a lot of compute [to] save the models as APIs. Then eventually commercialization and productization.”
The CoinFund CEO further highlighted that most of the foundational Web3 and AI intersections are happening in computing. Notably, he has been investing in the idea of decentralized training, where individuals can collaborate to crowdfund and openly share models and inference for smart contracts.
Burkhman added why he believed that it was reasonable that Sam Altman, CEO of OpenAI, was the founder of WorldCoin. As Burkhman explained, “I believe Sam is thinking about WorldCoin’s IDs as a way to govern AI in a democratic manner over the long term, and that’s incredibly futuristic.”
As a backer of WorldCoin, Burkhuman explained how he believed that WorldCoin’s proof of personhood was the most privacy-preserving solution among the different biometric-based solutions. Vitalik Buterin, the founder of Ethereum, shared his opinion on WorldCoin’s proof of personhood and said that it offers secure and reliable functionality on a large scale but comes with its fair share of risks and challenges.
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