Artificial intelligence (AI) has the potential to revolutionize tools and technologies, offering new economic prospects and fostering innovation. However, there is a concern that AI could lead to closed-loop systems favoring corporate interests, hindering the development of an open web. Near Foundation's COO, Chris Donovan, and CEO, Illia Polosukhin, express worries about the dominance of corporate-owned AI, which aims to maximize revenue and user engagement. This trend could result in users being trapped within corporate ecosystems, limiting choice and independence. Despite these risks, AI also presents opportunities for individual empowerment and productivity. Near is exploring the concept of 'user-owned AI' to create a decentralized and secure AI ecosystem. By leveraging partnerships and innovative solutions, Near aims to empower end-users and researchers in the crypto space. The vision is to establish a foundation for AI development that prioritizes user control and open-source contributions. Read more AI-generated news on: https://app.chaingpt.org/news