According to co-founder Travis Good, the new artificial intelligence-infused blockchain, backed by Andreseen Horowitz, was “finally designed as an alternative to Bitcoin.”
The overstated claims are rooted in those rooted in good prognosis. Bitcoin’s encryption mechanism is “really outdated” and “can become completely outdated within five years, creating a business challenge for the miners behind it.
“There are people who have invested billions of dollars in hash power to secure ASIC’s network,” he told Koindsk at this year’s Esdenver conference. “And the question is, where are they all going?”
His answer is ambient, and blockchains with deep capabilities in the AI space, or “future economy,” could become “Openai’s decentralized competitor.” The network works with a proving work mechanism that brings a familiar appeal to Bitcoin miners, making it an easy switch, he said.
“This is useful evidence of the work network and I don’t think anyone did well with cryptography,” Goode said.
Many cryptographic projects have sought to blend two topics of technical trends regarding the belief that blockchain and decentralized crowdsourcing can better guide AI for humanity than singular private companies.
One of the largest and most funded is the Bitenser. However, despite the original intention of “it’s this global computer,” market leaders claim that there is a terrible shortage of market leaders as they are not actually running AI models on blockchain. His alternative, Ambient, cooks AI to its core.
Whether or not Bitcoin Miners (not to mention users) actually embrace fundamentally new and different networks may depend on the economic success of the ambient. Amvient is looking to provide quick, inexpensive and critically ultra-gut intelligent AI to get the answers users have paid.
Ambient’s security rhymes with Bitcoin, but the network itself behaves like Solana.
Ambient has raised $7.2 million in seed funding from A16Z’s Crypto Accelerator Program, and Delphi Digital is one of the most hungry funds in the Crypto-AI Crossover Tech VC world.
“Everyone at Crypto is currently using centralized AI to power their apps and power the frontend,” said Alex Golding, a venture associate at Delphi. He thinks it is a big problem as it takes away the user of understanding what the model is being trained and exposes him to become a hoodwink with answers derived from the inferior model.
The “verified reasoning” by miners (the core of their reward mechanism) serves as a fact checker for source, ensuring that the answer is spit out by ambients from those paid to use.
“In the absence of validated inferences, you are guaranteed to be robust,” Goode said, adding a hyperbolic warning.
