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The Third Wave Of AI Means Competition For Big Tech From The Crowd

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The third wave of AI is upon us. And the crowd is its heart and mind. Mind AI, a Seoul, South Korea-based project that is propelling AI into the future, demonstrates just that.

“The first wave of AI was traditional programming,” says Isaac Bang, Project Lead for REDDS Capital-backed Mind AI. “You write lines of code and the computer executes exactly what is written. The second wave of AI is neural networks, machine learning, self-driving cars, image recognition, AlphaGo or IBM Watson, and all the crazy things you see today – that’s where we are at now.” But there are shortcomings to modern AI.

“Big companies are mostly furthering the research and development of deep learning neural network based AI systems,” says John Doe, Chief Scientist of Mind AI, an artificial intelligence engine and an ecosystem. “These systems require massive amounts of data and computing power. Big companies have access to both immense databases and access to massive server farms that provide computing power due to the large user base and deep pockets.”

Mind AI, however, takes a different approach to AI. It combines two key parts: the core AI engine and the ontology database. “The ontologies fuel the AI engine,” says Mr. Doe. “The core AI engine is centralized, but will ultimately be distributed. The ontology database is distributed already, and therefore co-owned by the ‘ontologists’, who can vote to disable access to the ontology database for any bad actors. This approach doesn’t require big data or supercomputers to perform human-like reasoning.

“Instead, it requires ontologies, or ‘knowledge’, for the AI to become smarter,” says Mr. Doe. “Even when Mind AI accumulates a huge amount of ontologies, it still won’t require supercomputers to operate.”

The crowd evens the playing field by inputting ontologies into the database and educating the AI. “The AI learns different languages, cultures, domain-specific knowledge, etc. simultaneously,” Mr. Doe continues. “There will be, at a certain point, enough ontologies in the database so that teaches Mind AI to learn so it can go online and conduct research.”

Big companies are missing key ingredients, says Mr. Doe. “What the big companies don’t have is the coupling of the logic engine and the ontology,” he says. “There have been several large attempts at a comprehensive ontology, but these have failed because they did not have an interconnected means of understanding them and reasoning with them.”

Mr. Doe adds: “We are getting our own versions of everything under the sun but we now have a tight coupling between knowledge and the means by which such knowledge can be understood. Not even the big boys have this one-two combination, however much money and data they want to throw at the problem.” This is the third wave of AI, as Mr. Bang says.

“The third wave is contextual adaptation,” says Mr. Bang. “AI will have to be capable of contextualizing and reasoning, similar to how humans think. Humans use generalized knowledge, abstract reasoning, and logical reasoning.”

He adds: “We do this with natural language. In the third wave of AI, we may submit natural language into an AI engine and then the AI engine converts the natural language into data structures called canonicals.”

The data structures are the key to third wave AI tech. “We allow artificial intelligence to use deductive, inductive and abductive reasoning on whatever text it is given,” says Mr. Bang.

Mind AI’s internationally patented core technology, Mind, has no need for supercomputers.

“Most neural network-based AI systems require a lot of computing power,” says Bang. “But we rely on the crowd.”

He adds: “To build a reasoning engine that accurately mimics human thinking, we need the input of all kinds of humans. That’s why Mind AI is developing an open-source development ecosystem using blockchain technology.”

Mind AI does this through its proprietary reasoning engine.

“The third wave of AI is more human-like,” explains Bang. “We can bootstrap such a network using blockchain-based tokenized incentives. This will then build out our sets of ontologies. And then we want to make this available to as many people as possible. People can’t just go and use IBM’s Watson or AlphaGo to fold proteins. You need corporate deals, lawyers, and more to have access. The third wave of AI is about open, transparent networks that people can join and leverage.”

And it’s all made possible by you and me – that is, the crowd.

“Community ownership plays a critical role in democratizing AI,” explains Mr. Doe. “By having a distributed ownership of the ontology database, a centralized entity cannot overrule the wishes of the owners of the ontology database.

‘If some government wanted to use Mind AI and its ontologies to develop the next generation of weapons or surveillance tools, the community—owners of the ontologies—can vote to disallow it to access the database.”

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

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UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to…

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How Online Casinos Can Adapt to the Growth of Cryptocurrency

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The growth of cryptocurrency is difficult to ignore and industries are having to adapt in order to facilitate all of the people who want to buy goods and services with crypto coins. Multiple coins are on the rise, helping cryptocurrency’s star rise. Bitcoin’s price is back above $4,000 and it is joined by other coins like Ethereum, which makes use of the Ether blockchain.

But accepting cryptocurrency – or appealing to crypto users – isn’t as easy as just tailoring your marketing strategy. Other steps need to be taken and we’ve detailed a handful of these below.

Increased Safety and Security Measures

Online casinos are already very good at ensuring that customers and their data (including personal information and payment details) are kept secure. Some of the existing online safety measures employed by online casinos include HTTPS and SSL, which means that any information passed between you and the online casino will be encrypted and difficult for malicious agents to gain access to. Leading casinos are also certified by…

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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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