Interview with Effect AI

in #neo3 years ago (edited)

We had the opportunity to meet and interview part of the core team of Effect AI, Jesse and Laurens, in the last NEO Devcon held in San Francisco.

Jesse introduced himself as the blockchain developer for Effect AI. While Laurens does the backend job. Both have studied computer science in Amsterdam. And have years of experience doing smart contracts since 2014.

Having worked together at Itsavirus, Jesse and Laurens were one of the first people to design an algorithm for automatic A/B testing, an AI driven technology used to automatically optimize business websites. They called this algorithm, The Effect. This is where the concept of Effect AI started.

It has come to their awareness the problems small AI company face. With the lack of computational power and a lot of data training involve, it is easy for private companies such as Google to swiftly monopolize the AI industry. In response to this, Amazon have devised a solution called the Amazon Mechanical Turk (M Turk), a platform where AI developers can source out human workforce to perform simple tasks in exchange of payments. This was indeed a great idea, except the 40% fee taken from requestors and a big delay in payment for the workers.

In order to break this oligopoly in AI, the team conceptualized Effect AI, a decentralized, open source platform for development of high-level artificial intelligence. The idea to tackle this problem is far from easy and most definitely a good infrastructure is needed. Effect AI has been compared to its numerous competitors but their main advantage, as Jesse and Laurens have both pointed out, is having a vertical structure tackling the problems in AI in 3 phases.

Phase 1 is their version of Mechanical turk derived from Amazon’s M turk without the soaring fees (yes its 0% fee) and delay in worker’s payment. But as mentioned earlier, Effect AI is not alone on this idea. Their phase 1 has been compared to Gems, another decentralized Mechanical turk under Ethereum platform.
This phase requires a lot of microtransactions in order to pay workers.

Laurens mentioned the reason they chose NEO as their platform is their wide on chain transaction capability. True enough, Da HongFei announced in the DevCon that NEO aims to handle 100,000 tps in 2020!

But also, Jesse has also highlighted Effect AI’s broader infrastructure and total package. “A prediction which has been made—which I think is true. In about 5 years, the mechanical turk market will be obsolete because AI is getting better in a fast rate and all these tasks will be performed by algorithms in the near future”. With that being said, Effect AI’s structure foresees this possibility as they have a place for algorithms in their project.

The phase 2 Smart market facilitates transition work from humans to algorithms. The problem AI developers are currently facing is the fact that AIs being created are only good at doing specific tasks. The Effect Smart market offers an opportunity for individuals or companies to sell and exchange their AI data. This open space allows anyone to build AI through the Effect AI standard. By providing easy access, interactions and exchanging of data with each other can quickly improve AI development and eventually can result in one emergent AI.

When asked about their comparison against Singularity marketplace. Jesse was quick to say that their marketplace unlike singularity, which focuses on a bigger mission, is more about practicality. Their aim and focus is more about step-by-step, creation of a market that resources algorithms that people can use and purchase. These algorithms would have linked wallets that the developers have access to. Every time an algorithm is used, it would require payment to their linked wallets.

Lastly, Phase 3 of their project is the Effect Power. This will be a distributed computational platform that will run deep learning frameworks with the likes of Deep brain chain, Caffe, and Golem. Although this phase is much further away from the current development. Jess and Laurens emphasized on the importance of using a valuable AI token which will be used from the M turk to the smart market and eventually will help run the computational power of Effect AI.


Summary of comparison between Effect AI and its competitions

The team’s idea is to create a distributed, affordable AI platform that provides visibility to meet the demand in the AI industry. This is reflected by the token metrics decided by the team. At only $18 M hard cap, Laurens said that this choice was not based on the market value but what they need for the project to start running. They believe in equal distribution of token and hence, no private presale will occur and a personal cap will be implemented during the token crowdsale. Tokens will be immediately released for crowdsale but they have implemented a 2-year lock up period for the team and advisors of the project.

Both Jesse and Laurens showed genuine enthusiasm in tech and the future of AI and blockchain. Despite the hype in the project and the space, the team remains humble and focused on giving a fair and practical solution for AI development. Kudos and Good luck to the whole team!

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Why choose NEO over EOS though?
Anyone know the specifics behind it?
Thanks in advance!

Very Impressive! thanks for sharing background and how effect.ai started from the cocoon and now we are seeing its evolution getting it more and more robust in terms of Team, Technology selection, Board of Advisers. Selecting NEO NEP-5 will provide edge to this project for sure are lot of things & innovations happening across NEO will added advantage. AI as an industry is started Flourishing and will have greater & wider impact across world. Also decentralizing workforce & breaking the monopoly of few players into the market which will give them hard hit over the face which will help Building Decentralized workplace with similar remuneration across the world provide equal opportunities for everyone to showcase skills and make money. Isn't It the revolution Effect AI will be bring using AI & Technology.

I am excited to see how this AI prototype turned out. This seems to be avant-garde. Hopefully soon comes faster.

Thank you for your review. I have been looking at this project for a while now and this information is very helpful in making my decision whether to get in or not. Although there are a handful of players in the same space. As of right now I feel that Effect AI will be a huge player in the AI space. I think the fact that they are going to be an NEP-5 adds credibility to the project. Everybody jumps on the ERC-20 bandwagon. Only the choice few work with NEO.

just wondering if you are still around or totally forgotten about Steem and Steemit. Well if you respond, be glad to sponsor some delegation to help you keep blogging, you sound like a great dad and successfully raised 4 sons successfully, ta

Interesting review. I also would like to share some of my personal thoughts about article and trends in decentralization.
I found a very interesting piece of information that in about 5 years, the mechanical turk market will be obsolete because AI is getting better. This should be taken into consideration while comparing Gems and Effect AI. Gems is clearly decentralized mechanical turk and nothing more. Effect AI is more than a just decentralized mechanical turk as it will be a distributed computational platform that will run deep learning frameworks. This shows a difference visions of 2 projects:

  • short-term (Gems) - tries to solve current problem;
    vs
  • long-term (Effect AI) - looking in the future and taking progress into consideration.

It is also important to underline that due to high level centralization AI technologies are not accesible by small companies and individuals. This creates a barrier for AI implementation and technological development. I think that centralized organisations try to keep everything in secret in order to keep high profits as long as possible. Thus, centralized companies are not interested in fast AI development.

ICOs (next generation fund rising) created important engine of progress. ICOs allow collecting of money to develop our world in a decentralized way. I wish Effect AI to succeed in decentralization of AI technologies and wish to see more projects like Effect AI with long-term vision.

Regarding just mechanical turks, what is the difference between Gems and EffectAI?

Very good article, personally i am impressed by the team and the efforts they have put into ensuring clarity of this project.
Effect platform out performs its competitors

Great post very informative 🙏🏻 A question , will Effect AI integrate and partner with Deepbrain or is it a direct competitor? I've read contradictory opinions on this in the DBC telegram, you seem to infer integration?

DBC is a direct competition of Effect AI in the third phase. From the time of interview, the team said that the third phase would be of the same structure as DBC and golem but havent mentioned about partnering with them. hope that helps :)

Nice piece, good to read this first-hand informations about the project. Even if they won't partner with DBC, I'm sure Effect will announce some partnerships in the near future.

Project partnerships are now a very common phenomenon.
the advisory council is strong, but partnerships with other blockchain projects are always welcome.

Thanks a lot for the info 🙏🏻

#Effect.AI will drive the process of innovation and change that is at the basis of AI, because it is a project with its own strong identity and has an extremely advanced and cutting-edge technology that will help push the AI to a next level!

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Thanks for the review. Looks very clear, short and understandable. I hope that effect will launch their platforms quicker than competitors. Most interesting for me is the 3rd phase, should be smashing product!

It is good to see that Effect.AI is not just trying to raise as much as possible but is taking steps to insure that the coins are broadly held and by people that will want to hold them while the project develops.

Great write up. I feel more enlightened after reading this post. And i agree with you that both Jesse and Laurens showed genuine enthusiasm in tech and the future of AI and blockchain even though i havent met them before. The way the project is been run i couldnt ask for more. I was surprise that no private presale occur just crowdsale, cant wait to see how the team handle the crowd. Great work guys. Lets make this project a success.

ICOs (next generation fund rising) created important engine of progress. ICOs allow collecting of money to develop our world in a decentralized way. I wish Effect AI to succeed in decentralization of AI technologies and wish to see more projects like Effect AI with long-term vision.

Having brilliant team who bring and utilize a whole lots of ideas into the project is one of the many reasons that success is in fold for this so much anticipated project. Good luck to the New Members and Team.

Even in my current job in a high-tech company, AI is a trending area which brings in a lot of potentials. One thing just needs to be careful and exhaustive in the phase 3 comparison is probably with between Effect.AI and the direct competitors - GEMS, DBC, SGN; the view is better be comprehensive and not seen as overly one-sided. My opinion.

This article just sum up effect ai perfectly for any new members. Its state clearly about its mission and each phase effect will exploring. It has a clear comparison with other competitors like Gems, singularityNnet and DBC and they will make AI stand out from its competitors. They make the great choice to build the platform in Neo which will enhance wide transaction.

AI as an industry is started Flourishing and will have greater & wider impact across world. Also decentralizing workforce & breaking the monopoly of few players into the market which will give them hard hit over the face which will help Building Decentralized workplace with similar remuneration across the world provide equal opportunities for everyone to showcase skills and make money.

Excellent interview. Another time proves that the project is promising. I believe in him and the team the Effect.AI. Now when the advisers are known, I'm sure even more that the team will achieve all the goals! Good luck to the whole team Effect.AI.

The comparison between Effect AI and its competitors makes me feel even more optimistic about the future of this project) I think Effect AI has huge potential and it's really cool to be part of this project.

Very nice and impressive article about effect.ai For the new comers, this will also act as a brief summary to begin with about the effect.ai project. Good job.

Team already have 4 advisers and MVP. They described their benefits and advantages in comparison with Amazon MTurk similiar product. I think they have all chances to make successful project.

very good and informative interwiev. Effect.ai Team is very successful. Good luck!

I m pretty sure that Effect.ai will be a strong competitor for other AI based blockchain projects including DBC and AGI. The team itself is superior and is the project.

It's been more than a pleasure working with the team. I really overall like the way the team has executed the project. Not only that you can see the interest that the team has on the project as well. When you gota people who love the technology, that by itself is a re-assuring factor.

The has a very big future, I think this project is a long term project, what I like the most is the people around it, the community and especially the people behind this project, Im proud to say that I've been part of this community

Highly recommend to everyone pay attention to this project

The team is very solid and shows their strength over and over again. This is very impressive and very informative that you share these details to the community so that the trust built increases gradually. The real power lies not just on the technology, but also on the handling of other resources as well. We will see miracles in near future.

Great detailed article! The prototype is promising, one of the most transparent projects I've seen so far and it looks like next will be the fairest token sale.

An excellent and detailed overview with answers to questions. Great Team with Great Concept. With such a team of professionals as http://Effect.ai you can confidently believe that success and popularity are waiting for your project. let's meet up in the moon. thanks you

Sure thing it's a one of best ICO in the march.you guys are proving it since the project beginning.I think this project gonna be awesome.

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Thanks for the detailed article! It's much clearer for me to understand the background, the initial point of the Effect.Ai concept as well as your team's well-done plan to achieve the vision step-by-step. I have a strong belief in such a team with sufficient competencies and clear mindset like that.

Outstanding article, it is very informative and well explained in easier to digest manner for all newcomers who are getting to know Effect AI. What impresses me more is the technology they are using, especially the Neo smart economy platform which is giving them a huge competitive advantage.

In my view, this is a long-term investment. The best thing about the EffectAI project is the vision and three-phased approach. Even there is direct competition I consider it as a plus point. At later stage collaborations and partnerships can drive projects toward success. We all know that renewable energy projects are coping with each other just fine. Next strongs partnerships will be in AI based projects.

Interesting article. I think that Effect.ai is one of the best ICO with strong Team along with top notch advisers. It is certainly better than its competitors because is built on NEO NEP -5 token, this project will help business to get quality workforce to get the task done cost effectively.

#Effect.AI is a platform on which AI developers can allocate human labor to perform simple tasks in exchange for payments. It's a great idea!

Great Article. It very useful to me. Effect.ai is really good project. One of the most successful ICO in 2018. Effect.ai have great Team with Great Project.

Reviewed so many interviews.Effect team is awesome.
I'm waiting for the confirmation mail of effect white list if i'm not in the list ,i'm a looser.I think Effect will not do things for me.Waiting for future updates.