SingularityNET: The Decentralised Marketplace for AI

Finally found an interesting project to report on. SingularityNET is building out a protocol for the future of an open AI economy. It's truly an epic undertaking, just take a look at the whitepaper. There are detailed and comprehensive plans involving lifelong AI developers with business experience. Last I read somewhere, but don't quote me on this, there's already an estimate of $100 million contribution projected for the upcoming ICO.

Another thing I like about this project is that it solves the Assignment of Credit problem in developing efficient AIs. Imagine hiring a bot that manages its own budget while at the same time, participates in the AI economy, providing services, seeking alpha, and trading autonomously with other bots in its cluster. Amazing opportunities for AI development if its on an open, decentralised network, like what they're trying to go for. This is a very ambitious project that may take quite some time to roll out, but boom, I was surprised that it's as close as mid-2018. I'll be wary of such tight deadlines though. They are too often broken in the cryptosphere.

Maybe I'm getting numbed by crypto-related projects, but I'm definitely keeping an eye out on SingularityNET. I think it's a great move into the right direction for open-source AI development that works in favour of social good. Clearly, Dr. Ben Goertzel has thought about this whole thing for a long time now. Check out the video below. There's even mention of IOTA and EOS being possible candidate platforms.

Check out their website and materials at https://singularitynet.io. For one, I'm pretty excited to see such a project being rolled out. As always, this is not to be taken as financial advice. What are your thoughts?

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