$ADA Cardano Founder Charles Hoskinson Compares Blockchains and AI Models

Charles Hoskinson's Comparison of Blockchains and AI Models

• Charles Hoskinson, the founder of Cardano, recently used a social media platform to compare blockchains and AI models.

• He emphasized that short-term narratives often fail.

• Hoskinson referenced the rise and subsequent competition faced by Sam Altman's OpenAI, a U.S.-based artificial intelligence research company known for its 'ChatGPT' model.

• Despite its initial dominance, OpenAI is now facing stiff competition from other language models.

Emergence of New AI Models and Competition

• Anthropic, an American artificial intelligence startup founded by former OpenAI employees, introduced its Claude 3 family models.

• These models have outperformed OpenAI's GPT-4 in undergraduate-level knowledge, graduate-level reasoning, grade school math, coding, and mixed evaluations, according to benchmarks published by Anthropic.

• Meta, formerly known as Facebook, is set to launch its Llama 3 language model in July, as reported by The Information.

• Elon Musk's Grok chatbot is also adding to the competition in the #AI space.

Cardano's Position and Hoskinson's Perspective

• Hoskinson asserts that Cardano is in a strong position as an ecosystem.

• He stated, 'I wouldn't bet against an ecosystem with the ability to engage and unlock millions of people, has an on-chain sovereign wealth fund, and has never failed in 2300+ days of uptime 24/7.'

• Hoskinson also claimed that his blockchain has the best plan for scalability and governance.

• He has previously argued that a first-mover advantage can sometimes be a disadvantage, as network effects can be fleeting, particularly in niche sectors such as decentralized finance.