Web3: Decentralization of Ownership, AI, & Economy
Over the past decade, the commercialization of the Internet has evolved into the business of data ownership. Successful businesses benefited from aggregating and owning large amounts of data. They did this by providing free products to the consumers in exchange for their data, often leading to exploiting the engagement behaviors of consumers. This and the bias in data are the limitations of centralized AI models — AI models created on the aggregated data of many individuals. The economy around AI has thus been revolving around corporations. In this program, we will discuss how the macro trends of Web 3.0 and the decentralization of data ownership is changing the dynamics of the AI services and the shift in economical benefits from businesses to that of individuals in the context of NFTs.
Programming descriptions are generated by participants and do not necessarily reflect the opinions of SXSW.