TL;DR
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Never found is a blockchain-powered platform that allows tech companies to train their AI models on specialized data sets, legal.
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See, right now AI is in the “wild west” stage – models are being trained on copyrighted data, without permission, left, right, and center.
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Nevermined’s solution is to simplify the process of legally accessing datasets using blockchain technology.
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Here’s the basics of how it works: a company buys an NFT → the NFT gives them legal access to a dataset → they use it to train their AI.
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Pros: You can now pay for the exact data you need, all in one place, saving a ton of time and sanity. Cons: You can get A LOT of data online for free, with no reprimand.
Full story
Can you feel that? The warm fuzzy feeling in your stomach?
That’s because you are witnessing a marriage (between Web3 and AI).
Never found is a blockchain-powered platform that allows tech companies to train their AI models on specialized data sets, legal.
See, right now AI is in the “wild west” stage – models are being trained on copyrighted data, without permission, left, right, and center.
Nevermined’s solution is to simplify the process of legally accessing datasets using blockchain technology.
Here’s the basic idea of how it works:
A company buys an NFT → the NFT gives them legal access to a data set → they use it to train their AI.
Here we see this working:
Let’s say you’re looking for a bunch of hard-to-find financial market data so you can create Warren Buffet’s AI embodiment (Buff-Bot, if you will)…
Being able to pay for the exact data you need, all in one place, can save a ton of time and sanity.
(No need to scour the internet, subscribe to thousands of different paywalled publications, and then prune and filter all the noise).
Here we see this struggling (at least, for now):
Any AI model that uses a wide data set. Because this is about…
It’s damn near impossible to get people to pay for something they’re used to getting for free.
(And there is a huge amount of freely accessible data on the internet).
Sure, much of it is copyrighted – but until governments start enforcing transparency in training data by law, we think it will be free for everyone (casual pun, leave it in).
Here’s the silver lining:
Once the hammer has fallen and there is clear legislation covering the dos and don’ts of AI training models, platforms like Nevermined will be in high demand.
It’s not the sexiest implementation of AI and blockchain, but it’s damn useful!