Why do we need SingularityNET?

1. The Inevitable AI Oligopoly

Artificial Intelligence is the future. There is no questioning that and like with all technological breakthroughs, huge centralised institutions will try to seize AI's merits for themselves, leaving the rest to suffer from high fees and software compatibility issues. That is just how capitalism works.

Singularity Net intends to break this viscous capitalist poverty cycle, aiming to give the power of AI to everyone, not just a handful of powerful corporations, governments, or individuals. This will be done through the smart contract mechanism by creating a decentralized market place for AI services. This essentially spoils the game for governments and technology colossuses and breaks the coming AI oligopoly. The implications are that it could let anyone monetize AI, allowing companies, organizations, and developers to buy and sell AI algorithms at scale, thus drastically lowering costs and increasing the capabilities of the AIs.

The vision: an open platform in which any AI developer on the planet can install their software, enabling it to reach any AI user on the planet. A platform in which AIs carrying out specific functions can work together seamlessly, helping diverse users in various ways and coordinating together into AI networks of increasingly general intelligence.

2. AI's Interoperability Issue

Furthermore, SingularityNet doesn't just address the cost and centralized aspect of Artificial Intelligence. The project also aims to solve the interoperability issue plaguing AI right now, where there are no standards for collaboration and no infrastructure for data cooperation. This is accomplished via the OpenCog platform (a framework built by SingularityNet's founder), which in turn is being used by more than 50 companies, including Huawei, Cisco, and Hanson Robotics. By bringing AI collaboration to the fore, every system will be able to learn from every other, and there will be a coordinated approach to data sharing. AI agents of the network would be capable of communicating with each other, and even working together when necessary. For instance, a translation application coming across a picture while translating a file could automatically ask (and pay) a computer vision program to caption the image.

Stop and think about that for a while. This is incredible and mind blowing!

If that still doesn't excite you, rest assured, this isn't even SingularityNet's end goal.

3. Artificial General Intelligence (AGI)

As the project's name will suggest, SingularityNet's end goal is to create a Singularity. Over time, the project hopes that the aforementioned repeated synergies between AI nodes would go on to become something more complex. The expected endgame is that these swarms of AI would get as intertwined as clusters of neurons, eventually evolving into a human-level AI, or Artificial General Intelligence. The founder of SingularityNet and one of the greatest minds in the AI space, Dr. Ben Goertzel, even predicted that a human-level AI could be achieved within 5 years through SingularityNet.

The Team & Partnerships

Now all this terminology and complicated end goals won't matter if the project does not have a great team and partnerships. Guess what? They have both. SingularityNet's team is lead by Dr. Ben Goertzel, who is arguably the brightest mind working in the AI space at the moment and is in partnerships with over 30 companies who are ready to use SingularityNet at launch.

With an ambitious project led by an incredibly solid team that has numerous partnerships, SingularityNet is one project to keep your eye on.