Cardano Founder Says Crypto and AI Have Similar Competition and Sustainability Issues
Cardano founder Charles Hoskinson broke his silence on April 7 on the criticism of his network and its native token, ADA. He likened the challenges faced in the crypto industry to those in the artificial intelligence (AI) sector, focusing on the issues of competition and sustainability in both sectors.
Hoskinson also highlighted his network’s reliability and strength and touched on the game-changing upgrades that could bolster the blockchain system and ensure the network’s sustainability for generations.
In a post on X, the Cardano founder compared the recent competition of blockchains in the crypto industry to AI models, a parallel that best illustrates his points on the culture of focusing on short-term narratives over long-term growth and sustainability.
“The problem with our industry is that we let short-term narratives and carnival barkers dominate the conversation,” he wrote. “AI has the same issue. A few months ago, Open AI dominated everything, then Claude 3, now we got Grok 1.5, and soon Llama 3.”
Hoskinson reflected on the rise of OpenAI, the global AI behemoth made popular thanks to its widely-used “ChatGPT” model, launched in 2022.
While OpenAI has been a dominant force in the AI industry, the firm faces increasing competition from Anthropic’s Claude 3, Elon Musk’s Grok, and Meta’s upcoming Llama.
The Cardano founder’s comparison aligns with the Anthropic March 2024 Benchmark report, which revealed Claude 3’s superior performance over OpenAI’s ChatGPT-4 on various levels, including graduate and undergraduate levels, mixed evaluations, coding, and grade school math.
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