In an unique interview with cryptonews.com, Navin Vethanayagam, Chief Mind of IQ.wiki, talks about The way forward for AI x blockchain, the disruptive potential of collaborative AI-blockchain functions, and blockchain’s function in restoring belief by monitoring and verifying content material authenticity.
About Navin Vethanayagam
Navin Vethanayagam serves because the Chief Mind of the IQ.wiki platform working to develop the positioning’s site visitors and neighborhood. He first joined IQ.wiki previously Everipedia as a founding staff member on the age of 19, gaining expertise through the years in neighborhood administration, advertising, press and worldwide enterprise. He was beforehand the Chief Group Officer of Everipedia the place he targeted on rising the positioning’s site visitors by specializing in its neighborhood, social channels, and press relations. He’s additionally the Galaxy Mind of BrainDAO, which manages the IQ token.
Navin Vethanayagam gave a wide-ranging unique interview which you’ll see beneath, and we’re glad so that you can use it for publication supplied there’s a credit score to www.cryptonews.com.
Highlights Of The Interview
- The way forward for AI x Blockchain
- The disruptive potential of collaborative AI-blockchain functions
- The open-source and decentralized nature of IQ.wiki
- Significance of AI-powered data instruments for Web3 communities
- Blockchain’s function in restoring belief by monitoring and verifying content material authenticity
Full Transcript Of The Interview
Matt Zahab
Women and gents, welcome again to the Cryptonews Podcast. We’re buzzing as all the time. It is your host, Matt Zahab. We’re again in Toronto. Had a great little rip on the west coast in LA. Additionally acquired to expertise my first hurricane, which no offense to my LA of us like Navin, however that was the softest hurricane I’ve ever seen in my life. That was a Thursday afternoon Toronto rainfall that was softer than a soup sandwich. However you possibly can’t win all of them. Tremendous pumped to have my visitor on right now. Navin Vethanayagam, who serves because the Chief Mind of the IQ.wiki platform working to develop the positioning’s site visitors and neighborhood. He first joined IQ.wiki, previously referred to as Everipedia, as a founding staff member on the age of 19, gaining expertise through the years of neighborhood administration, advertising, press and worldwide enterprise. He was beforehand the Chief Group Officer for Everipedia the place he targeted on rising the positioning’s site visitors by specializing in its neighborhood, social channels and press relations. He is additionally the Galaxy Mind of BrainDAO which manages the IQ token. It has been a scorching minute. Tremendous pumped to have you ever on. Welcome to point out my buddy.
Navin Vethanayagam
Thanks. It is nice to be right here.
Matt Zahab
Canadian lad again on the present. We like to see that. You mentioned born and rAI’sed in Ottawa.
Navin Vethanayagam
Sure, born and rAI’sed in Ottawa. I used to be born and raised in Canada. Simply outdoors of simply out of Ottawa. Proper close to Scotiabank. The massive area with the Solar’s play.
Matt Zahab
Yeah. For the listeners at house, aren’t aware of that. Ottawa Senators, the skilled hockey staff in lovely Ottawa, the capital of Canada. I guess you 99% of you’ll have it was Toronto or Vancouver or Montreal, however it’s really Ottawa, which is a fantastic small metropolis 4 hours northeast of Toronto. And it does suck going to video games there as a result of it’s important to take a half-hour commute from town and each area on the earth must be buzzing within the downtown core. However story for an additional day, a few issues to debate. Let’s return to that hurricane. You are on the west coast now, Proper?
Navin Vethanayagam
Yeah.
Matt Zahab
Are you in LA or are you in San Fran?
Navin Vethanayagam
I am in Westwood. So proper within the coronary heart of LA.
Matt Zahab
Okay. Bingo. I used to be actually there simply this weekend. We have been staying in Brentwood. What was with the hurricane? Why why was everybody shedding it and placing down sandbags? Is it an infrastructure drawback? What is the deal? As a result of that was like the primary hurricane in 30 years or one thing. However everybody was going bananas. It was the softest hell.
Navin Vethanayagam
Individuals have been going bananas. However yeah, nothing actually occurred. There was like a bit of little bit of rain. It was a good quantity of rain, nevertheless it was nothing like a hurricane. It is like a traditional storm for most individuals. Wasn’t something too scary, however I believe a part of it was like they did not know the place the hurricane was going to hit, so it ended up going east prefer it type of went on a curve. So I believe it hit San Diego in locations quite a bit tougher. After which it went on a little bit of a curve after which hit extra inland within the east facet. However yeah, we have been each staying on the west facet, so did not actually have an effect on us an excessive amount of. After which the quake, but in addition, once more I did not really feel it.
Matt Zahab
We have been in Culver when it hit and we undoubtedly felt it fairly wild. Once more, these type of issues do not develop on the East Coast. Properly, at the very least northeast in Toronto and Ottawa. Proper? I do not suppose we have ever had a hurricane, however let’s soar into some crypto pleasant stuff. The most important story of the day and once more, this episode goes to air on Thursday, the 31 August. However the huge information, which we have all been ready for. Grayscale wins the SEC lawsuit for Bitcoin ETF assessment. That is absolute enormous information. We had a beautiful fats, tall inexperienced Bitcoin wick which we like to see. All these inexperienced candles, hold them coming. What do you consider this? That is fairly loopy. I imply, it is good. We kind of knew it was coming. The BlackRock one goes to observe. The domino impact ought to observe. The practice has left the station. What’s your long run view on this?
Navin Vethanayagam
I believe that is the primary factor proper there. It is the domino impact. In order extra establishments become involved, they don’t seem to be going to wish to get left behind. So if Grayscale is getting approvals, if BlackRock is getting approvals, you possibly can guess that there is a number of different banks which might be watching them and their shareholders are watching them, too. And they are going to say, hey, we do not need you to overlook out on this enterprise and we would like you to get in on there. So I believe the dominoes will begin piling up and other people will begin getting an increasing number of concerned. And I believe we will see a number of institutional gamers become involved.
Matt Zahab
How lengthy do you suppose till the BlackRock one occurs as properly? As a result of I do not see how Grayscale will get prudent. BlackRock does not. And if BlackRock does, I imply, that in principle and practicality ought to imply if.
Navin Vethanayagam
I can not predict, actually, it is very robust to foretell the usa courts. However yeah, I imply, I agree with you. I do not suppose it must be very far off if Grayscale is ready to transfer. And we have been having a number of good wins not too long ago with crypto XRP case, now this. So we’re undoubtedly headed in the precise path.
Matt Zahab
And talking of crypto wins, one of many I do not know if we will quantify this as a win simply but, navin, however Good friend.tech completely blowing up. I do know issues are blowing up in Web3 when my Web2 pals are calling me and texting me asking me what the heck Good friend.tech is and may I get on. I am not on. I personally, once more, I do not know if I consider in the long run use case. I believe if a number of huge canine Web2 of us guys and gals get onboarded that aren’t within the kind of porn star/OnlyFans realm, I do suppose we will actually get some steam, however with out that, I believe we’re hooped. I might love to simply flip the ball over to your court docket, give our listeners a fast primer on what’s Good friend.tech and whether or not you suppose this really has legs or not.
Navin Vethanayagam
So Good friend.tech is a reasonably fascinating website, in order that they’re operating it as a website as an alternative of an app so they do not need to adjust to all of the App Retailer necessities. And it is fairly difficult to function on the App Retailer as a crypto utility. However it’s getting fairly huge on the cell internet and principally it is a social internet work the place individuals can share updates and likewise individuals should purchase and promote shares of themselves. I assume that is the way in which it is pitched. However actually it is simply entry to their discussion groups, personal discussion groups. So I believe it is fascinating. Influencers have gotten an increasing number of of an enormous factor. We will see the influencer economic system is rising after which if individuals have paycheck teams, I believe it is fascinating individuals all the time need extra entry to their favourite creators, whether or not it is Patreon is a big enterprise, Proper? By way of individuals watching favourite YouTubers after which they need unique content material and simply entry to ask questions and issues. So I believe Good friend.tech, I believe it may develop. I believe it may turn out to be huge. It is acquired backing from Paradigm, in order that they’re properly funded and it appears to be rising. I believe there may be going to be some issues across the thought of individuals promoting their very own shares of themselves. However I believe individuals ought to have a look at it as a enjoyable factor that in the event that they wish to attempt, I would not advise going all in, investing your financial savings or something like that, however as a enjoyable factor to simply check out and be taught extra about crypto and simply to get in contact with pals or if in case you have a favourite influencer and to hitch their chat group. I believe it is a enjoyable factor.
Matt Zahab
What in regards to the use case of it although? As a result of I see it as like a two pronged use case, primarily just like most crypto functions protocols no matter you wanna name it. It’s revenue based mostly, whether or not the groups will admit it or not, the customers are in there to make some cake. It is unlucky, nevertheless it’s the way in which she goes. It is a matter of the actual fact. With that being mentioned, use case primary is after all the social on line casino which individuals have had these concepts on a regular basis, proper? The place it is like for instance, you are carrying a candy LeBron shirt. I’d have liked to purchase LeBron shirt when he entered the age on the ripe age of 18. I’d be a really rich man proper now. However C’est la vie, that wasn’t the case. Individuals all the time discuss shopping for shares in groups, which you are able to do for some European soccer groups. Like Manu is publicly traded. However now we have now a chance to truly put money into our pals and never simply pals however community or individuals we give a shit about, which is fairly cool. In order that’s facet primary. Side quantity two is the precise non monetary worth you get out of it, which is are these group chats actually that price it? Is that a lot alpha being reciprocated for the OnlyFans ladies are the nudes that fireplace, you already know what I imply? Is there worth within the app itself that is non monetary? That is what I’d like to know. Navin, what do you suppose?
Navin Vethanayagam
Each questions are good, so I believe I will sort out the second first. However I believe worth may be very variable factor, proper? It is extremely subjective. Clearly OnlyFans individuals pay billions for OnlyFans in complete on combination. So there are individuals who discover worth in that and doubtless a few of that’s on Frontech as properly. After which I believe there’s Patreon stuff like that the place individuals are subscribing to their favourite creators and Twitch Streamers as properly. Individuals are spending tons and tons of cash on that. So I believe there may be worth in that sense. I would not say like you are going to get some nice alpha essentially as a result of like something, if individuals actually have really nice alpha, they are not going to share with all people, they’re simply going to make use of it themselves, proper? Or possibly it is below lock or they are not going to essentially share it. So I’d not advise when you’re looking for the subsequent huge buying and selling thought or one thing to spend a bunch of cash and get shares in some high dealer on Frontech, I assume. However I believe it’s fascinating and I believe. Yeah, I assume on the shopping for shares of individuals, I do not know in the event that they’re really going to rise in worth with that individual’s progress essentially, as a result of I believe it is type of a tenuous connection, proper? It isn’t such as you’re getting a share of their precise earnings or progress and even sponsorships and stuff. You are not getting a share of that. You are simply getting some stage of entry.
Matt Zahab
It isn’t a publicly traded firm the place it is like if you put money into that firm, they legally by regulation need to let you already know what’s going on, good and dangerous. So that you’re capturing each the upside and the draw back. It is sensible, it is totally clear, however you aren’t getting something. It is bizarre. The one final level I might love to the touch on about Good friend.tech is one in every of my private points with crypto Navin, and that’s the method by which we construct merchandise. It is all the time constructed for the fast pump when it is like, let’s construct shit for the lengthy recreation. Like Good friend.tech took off out of completely nowhere in a 3 week span. It went from nobody listening to about it to in all probability the most important factor in crypto. Proper? Clearly right now you had the Grayscale information come out, however till then there was nothing actually near that. We had Ripple a couple of month in the past, two months in the past, after which it was simply Good friend.tech for the final two, three weeks. And you have already seen individuals’s shares go from zero level ETH, AK, nothing all the way in which to 1 ETH and again down to love 0.1 ETH. I really feel like every thing in crypto can be a lot better and long run targeted if we weren’t simply going for these fast little pump and dumps.
Navin Vethanayagam
It is true. I imply, a number of crypto is concept, sadly, a number of what will get widespread generally is concept. However I believe there’s lots of people constructing nice stuff regardless, even on the greater ranges, with Frax Finance stablecoins, with us IQ and training and crypto data chain hyperlink with Oracles is extraordinarily precious. Loads of nice DEXes on the market which might be, you already know, mockingly I believe the answer to SBF and all these points with centralized exchanges is the expansion of DEXes. And individuals are innovating there and constructing nice tech there. So I believe we’re constructing stuff. However I do agree it’s a little bit of a difficulty that individuals are all the time attempting to push hypothesis. It was Good friend.tech after which additionally RollBit and stuff like that. It is innate that individuals will wish to try this and simply speculate. However majority of builders are working in the direction of creating issues which have actual worth. And in addition, I really feel like within the media, typically the worst of crypto is usually showcased. Individuals do not like Frax, for instance, and even ENS. One thing that is actually constructive and actually cool will get barely any protection in comparison with FTX.
Matt Zahab
Properly mentioned. Yeah, completely proper. Let’s take a little bit of a proper flip right here. Let’s soar into the bread and butter IQ.wiki. I’ll throw the ball over to your court docket. Let’s begin with a fast elevator, pitch the TLDR on what IQ.wiki is, after which we’ll get into among the cool stuff. The way forward for AI and Blockchain and clearly the open sourced and decentralized nature of IQ.wiki. However the ground is yours, mate. Give us what you bought.
Navin Vethanayagam
Positive. So IQ.wiki is the world’s largest crypto encyclopedia. And it is not solely a crypto encyclopedia in content material, it is also on chain. So every thing is on Polygon. So each edit is recorded on Polygon after which the info is saved on IPFS. It is a very thrilling place as a result of it is totally tailor-made to the crypto neighborhood. So we have now integrations with CoinGecko, for instance. So you possibly can go to the Board Ape Yacht Membership web page and you may see the NFT value, so you will see the ground value, you will see the volumes, and you are able to do that for any crypto token as properly. We have additionally acquired integrations with ENS. So, for instance, when you log in together with your ENS, that might be your username and any edit you make that can present up in your feed. So the positioning is absolutely tailor-made for the crypto neighborhood. And we have now pages on every thing. Every little thing from DeFi, to stablecoins, to ideas like twamms, to ENS, to totally different initiatives, to influencers, to this podcast to Matt. We actually acquired everybody lined.
Matt Zahab
I really like that. And only for the listeners at house, once more, that’s IQ.wiki. You guys have the trending wikis. You bought the latest edits. Who precisely will get to go in and turn out to be an editor or a contributor, like stroll me by way of that entire course of. How do you guys get all the info up there? How do you rank? Give me the entire 9 yards in that regard.
Navin Vethanayagam
So proper now what we’re doing is that we simply have a whitelist. So it is referred to as the mind record. You’ll be able to simply be part of after which we’ll whitelist you. However sooner or later we plan on launching one thing like an NFT move for everybody who needs to edit. So stakers will get computerized entry and possibly we may additionally give free passes to colleges, universities, to type of get the ball rolling when it comes to individuals modifying and contributing. So we acquired a few totally different concepts there when it comes to getting that going, when it comes to modifying.
Matt Zahab
And clearly one of many issues that you simply guys actually push, and I am an enormous fan of this, I really like the heck out of that is the kind of open sourceness and decentralized nature of IQ.wiki. Once more, you bought to stroll me by way of all of this as a result of that is precisely what we’d like. Cannot be centralized, can’t be one group, one individual or one group controlling every thing. You guys are spreading it out throughout the float and I like to see that. So I might love when you may simply let myself and our listeners understand how the idea is open supply and the way it has its decentralized nature.
Navin Vethanayagam
Yeah, so every thing is open supply. So you possibly can see every thing on GitHub. You’ll be able to simply Google IQ.wiki GitHub. And the cool factor is definitely the perfect alpha is definitely proper within the GitHub as a result of you possibly can see what individuals are pushing, what individuals are modifying, not pushing to the code base, what individuals are engaged on. You will see what the devs are doing. In order that’s type of a bit of secret there. You’ll be able to all the time examine there to see what’s coming subsequent. There is not any explanations as a result of they’re simply coding as quick as they’ll. However that is the true alpha. So every thing is absolutely up there on GitHub. That is the open supply nature of what we do. After which when it comes to decentralization, we do a few issues. So each edit is hashed on chain, so on Polygon, so there will be a hash or document of each single edit. In order that method there’s an actual historical past of edits. So it is not simply saved on some database that somebody can wipe out or may be misplaced. It is really on the Polygon blockchain. After which the info itself can be value prohibitive to truly retailer on a blockchain. So we use IPFS, which is totally centralized the world over and distributed. In order that method you are probably not depending on any main firm. You are not depending on simply us as a staff. Every little thing is absolutely on chain, so we actually concentrate on that.
Matt Zahab
I really like that.
Navin Vethanayagam
Oh, thanks. After which the ultimate half is the IQ token. So the mission is ruled by the IQ token holders and stakers. So we have now proposals on snapshot. Anybody from the neighborhood can suggest one thing like they wish to change both to the protocol itself and the token or to the platform and the way issues are ruled, what the requirements are. All of that may be voted on. Anybody can create a proposal.
Matt Zahab
Fascinating. And the coin is named IQ tokens?
Navin Vethanayagam
Yeah, it is referred to as IQ. The token is named IQ.
Matt Zahab
That is wild. I really feel such as you guys, in full disclosure, I’ve not been within the Discord or the Telegram, however I really feel like there’s acquired to be some wild comparisons to IQ token holders versus individuals’s precise IQ. I am certain there’s some good spicy and fiery takes that is in all probability a number of enjoyable, however we do must take a fast break and provides an enormous shout out to our sponsor of the present, Prime XBT we completely love these guys and gals, after all, longtime pals of cryptonews.com and longtime sponsors of the Cryptonews Podcast. PrimeXBT provides a strong buying and selling system for each newbies {and professional} merchants. It does not matter when you’re a rookie or a vet, you possibly can simply design and customise your layouts and widgets to finest suit your buying and selling model. PrimeXBT can also be operating an unique promotion for listeners of the Cryptonews Podcast. You get 50% of your deposit credited to your buying and selling account. The promo code is CRYPTONEWS50, and that’s CRYPTONEWS50. CRYPTONEWS50 all one phrase to obtain 50% of your deposit credited to your buying and selling account. Now again to the present. We have to discuss one other rising tech, and that’s the one and solely synthetic intelligence AI. AI is taken over. AI remains to be extraordinarily stylish. Not as stylish because it was a pair months in the past, however nonetheless completely buzzing. You guys are one of many few groups who’re actually really integrating and using AI. Earlier than we get into the way you and the staff are implementing this Navin, I might love to listen to your ideas on the way forward for AI and crypto, or extra particularly, the way forward for AI and Blockchain, two loopy industries with a really excessive ceiling. How are these two going to work collectively with a purpose to smash by way of these limitations and get to the subsequent stage?
Navin Vethanayagam
I believe each will assist one another. I believe each AI will assist crypto and crypto will assist AI. So crypto, one of many predominant limitations is knowing. It is actually difficult to know what is going on on in crypto. The business strikes so quick and there is a number of know-how concerned. So, for instance, individuals are all the time taking a look at meme cash and also you suppose it is only a enjoyable, easy factor, however there’s so many scams and it is onerous to know when you perceive the contract, it is very simple as a result of you possibly can see, oh, okay, this man not one of the liquidity is locked, for instance, or you possibly can see it is a honeypot straight away. And there are instruments like DEXTools and GoPlus and stuff like that, which might be making it a bit of bit higher for individuals. However I believe AI. Goes to be a kind of issues that may cipher contracts. So I believe that is going to be one thing that is very precious. For instance, if a hack occurs, all of my buddies who’re builders, they simply go on Etherscan and so they have a look at it and it is quite simple to them. However for the common shopper, the common retail dealer, it is very onerous to know what is going on on. So I believe Blockchain will have the ability to clarify these transactions in a method that common individuals can perceive. So for instance, possibly you simply put in a bunch of transactions and you’ve got the hashes from Etherscan, you simply put it in and it explains what is going on on. So I believe that is going to be one huge factor, is simply bettering and understanding. One other huge factor is, for instance, proper now crypto funds, they will have interns and tons of individuals doing analysis. And this is not actually restricted simply to crypto. Similar factor with hedge funds and all of that, however I believe AI may assist individuals quite a bit in their very own analysis. And DYOR, as all of us say in crypto, do your individual analysis, is an efficient mannequin, nevertheless it’s very difficult for most individuals. Proper? We do not all have 1,000,000 hours to learn by way of all of the white papers, all of the Twitter updates, all of the threads, all of the medium posts. So I believe one resolution for that’s AI to summarize all that knowledge and assist individuals course of it. So I believe that is actually one of many key issues that is going to assist crypto when it comes to serving to AI, I believe crypto can be utilized as an incentive for growth. So one of many greatest points with AI proper now’s that the event may be very centralized. So nearly all the event is going on on the excessive stage at corporations like Bart, with Google or with OpenAI, which is a big nonprofit which is backed by Microsoft and the most important gamers. So for impartial AI researchers, they’re struggling quite a bit when it comes to a number of them are getting employed by these corporations and there is not as a lot impartial growth occurring. However I believe, for instance, tokens like IQ might be used to incentivize the event and coaching of AI’s. So individuals may, for instance, earn rewards for modifying, so like AI packages may earn rewards for modifying after which people may get rewarded for critiquing and score these AI edits, for instance. So I believe there’s a chance for individuals to work along with AI.
Matt Zahab
When did you get your ft moist with AI? For me it was late final 12 months with ChatGPT and really early secure diffusion fashions. However what about you? When did you get into it?
Navin Vethanayagam
Similar. As quickly as ChatGPT launched, we have been actually enthusiastic about it as a result of that is one thing we might all the time considered. We had all the time questioned, is there a option to make wikis simpler? As a result of it may take a number of time writing the wikis, including all the knowledge, after which additionally citations. So for lots of people, particularly material specialists, most of those guys are fairly busy. So one thing that may assist make as a result of lots of people wish to contribute, however they do not haven’t got the time, or it is simply too difficult to determine methods to do all of the citations and all the knowledge. There’s type of a number of work like that and doing summaries and issues like that. So we figured, hey, I want there was a method that we may make that simpler. However on the time, there was nothing that was off the shelf that we may simply use. And we have been already busy with all of the crypto growth. So when ChatGPT got here out, we have been like, wow, that is good. That is one thing that is already constructed, that is fairly simple to make use of and combine. And the API is open. In order quickly as we noticed that blowing up and we noticed 100 million customers, we’re like, we acquired to combine this. And the way we began with that was that I type of observed, like, ChatGPT, clearly, hallucinations is an enormous problem. So we have been like, we will not simply have it write wikis by itself. That does not make sense. So I used to be like, what can ChatGPT do very well? And one of many issues I discovered was summaries, as a result of our editors create actually nice pages, however I all the time discover myself and for lots of our editors, the toughest half is summarizing that 1000, 2000 phrase wiki that you simply wrote into like 30 phrases for search engines like google and yahoo. I am certain you already know the sensation, Proper? With YouTube movies, it is like, you bought to get that headline proper or that little abstract you write and also you spend like an hour making this nice video, and you then’re like, you are agonizing over these, like, 30 phrases. However really, AI does a extremely good job of that as a result of it does not have to simply actually trying on the knowledge that is already there. So there is not any alternative, actually to hallucinate. So we figured that is a extremely good use case. In order that’s how we first built-in GPT-3 when it first got here out, is that we used it for summaries when individuals create wikis.
Matt Zahab
And is that this totally different than IQ GPT?
Navin Vethanayagam
Yeah.
Matt Zahab
So IQ GPT is your AI powered search engine. One cease store enables you to entry all and every thing that is associated to IQ.wiki in your web site. So just about something somebody needs to get in a short time, they fired into the IQ GPT search bar and increase, that is all there may be to it?
Navin Vethanayagam
Just about. However I’d say IQ GPT goes quite a bit additional than that. So, yeah, with IQ.wiki, we have been type of testing and seeing how we may combine AI. Then we additionally observed with ChatGPT, the opposite problem was that we would ask it crypto questions and issues in crypto, and generally it might simply get the context flawed. So if I ask, what’s Pepe to ChatGPT, it is in all probability going to inform me simply in regards to the memes and all that, which is cool, however I wish to know in regards to the crypto. So when you simply ask, what’s Pepe do? I may GPT will in all probability offer you one thing proper in regards to the cryptocurrency. And in addition we even have plugins for CoinGecko, so you will get knowledge. Like one of many coolest ones that is an instance is you can ask, what are the highest 100 cryptocurrencies or the highest ten cryptocurrencies with over 100 million market cap that grew probably the most within the final 12 months? And it’ll make you a desk and every thing. Simply exhibiting all that knowledge. And that will take possibly an intern, possibly like an hour to undergo all of CoinGecko, discover those that did the perfect, after which write out a desk about it. So it actually saves a number of time. In order that’s type of the place we noticed, like, IQ GPT being device for merchants and for individuals trying to be taught. Our objective normally is to make IQ GPT the Bloomberg terminal of the crypto business.
Matt Zahab
Yeah, that is simply wild stuff proper there, Navin, I imply, I am fascinated with all my analyst pals who actually do that each one day lengthy now. Now their job is redundant. When you hearth up IQ GPT, and increase I imply, that is completely wild stuff. One other level I might like to go over, and I’ve even discovered this myself. And thoughts you, I am not an early adopter, however among the challenges of being an early AI adopter, like, I even take into consideration after I was messing round with the early fashions of secure diffusion, which is the textual content to picture mannequin of AI, it was simply horrible to make use of. The UX was horrendous. The images that have been being put out have been common at finest. Now they’re completely beautiful. Like ten out of ten stuff I may by no means even dream of. It is humorous. On the flip facet, we have now ChatGPT, the place lots of people, myself included, I consider it is regressed to a degree the place I really feel like its peak was kind of Feb to Might of this 12 months, the place every thing that you simply requested it to do was comparatively hearth. And now I believe it is simply not spitting out the perfect stuff. However nonetheless, as somebody who acquired into AI sooner than me, I might love when you may communicate in regards to the challenges of being an early adopter within the area, what you realized, what you want you probably did otherwise, and maybe when you’re seeing any of these options that are actually current for the issues that have been there up to now.
Navin Vethanayagam
Yeah, I believe early on, one of many greatest challenges with all these hallucinations, as a result of it’s a huge problem. So we have been questioning, how will we type of clear up this? And I believe you want a number of human testing, really, for all these AI’s. It is type of humorous when you concentrate on it, however, yeah, you do really want a number of human testing. And that is type of what we did for months earlier than we launched. We simply had all of our Mind Dala staff members have testing each day, asking questions each day, and we observed a few points, type of which might be frequently occurring. Proper? So one factor is type of the crypto terminology. I believe AI’s have bother with that. So, for instance, if I mentioned it was meme tokens. We requested, what are the highest ten meme tokens? However the AI did not know what that meant. So we checked out CoinGecko and CoinGecko. I believe they mentioned meme cash. After which the AI acquired confused and it mentioned there isn’t a meme token or one thing foolish like that. Nevertheless it’s a easy repair after getting the human data. So we picked it up instantly after which that knowledge simply must be tagged and it’s worthwhile to superb tune the mannequin. After which we did a number of that. I believe that is one factor that anybody who’s constructing an AI to concentrate on is that you’ll must put a number of time when it comes to superb tuning, when it comes to testing, when it comes to however I believe that is additionally the place a number of smaller corporations are going to thrive, as a result of a number of the large stuff is type of dominated by the most important gamers. However the place a number of companies are going to go is this sort of area of interest fashions I believe goes to be an enormous factor, these tailor-made fashions for particular industries. And I believe it is potential IQ GPT possibly we even go deeper and make customized fashions which might be extra particular to deepphi or yield farming as a result of I believe yield farming can be a extremely fascinating factor to get into.
Matt Zahab
You may additionally nearly not open supply however let individuals have entry to that mannequin and superb tune it to their wants. Just like what I assume OpenAI did with ChatGPT the place if you’re an enterprise, they’re letting you are available and as an alternative of constructing your individual LLM, they allow you to roll in, take theirs now and superb tune it to all of your stuff to simply make life 1,000,000 instances simpler. Fairly cool stuff. On the subject of AI and blockchain, are there every other areas moreover data verification, content material, authenticity, any of that type of stuff? Is there the rest that basically will get you going proper now Navin?
Navin Vethanayagam
So this one just isn’t as a lot associated to crypto, however I believe it will be enormous for crypto since crypto is a really international business. I believe one of many huge issues that AI goes to assist with is translation as a result of proper now there’s so many alternative communities the world over. For instance, our director of Bizdev relies in South Korea. However generally it is type of difficult for me to know what is going on on in Korea as a result of a lot of the information is by Korean retailers by nature and the language is so totally different from English that if I exploit Google Translate I will type of get it. However not utterly, particularly when it is a area of interest subject like crypto, as a result of there’s going to be a number of slang phrases that aren’t actually going to be lined by Google Translate. So by utilizing AI, I believe individuals are going to have the ability to work way more collectively. And I believe it will be enormous for DAOs, it will be enormous for cryptos, and it will be enormous for permitting better entry for individuals to become involved from totally different international locations.
Matt Zahab
So cool. I imply, attempting to be taught Spanish proper now, presently utilizing Duolingo and it would be candy if I may even have somebody to speak to always, ask questions and so they communicate again to me. It isn’t simply kind of the a technique forwards and backwards. It is really twin. I imply, twin lingo. I do know it is duo and never twin, however C’est la vie method she goes. Navin this has been an absolute deal with. Final phase of the present, we all the time soar into the recent take manufacturing unit the place you and I get our shit kicking boots on. We let a pair scorching takes fly. Would not need to be crypto or AI associated. Might be well being, wealth, happiness, can get spicy, go politics, area, aliens, you title it. However give me a few Navin scorching takes earlier than we allow you to go.
Navin Vethanayagam
I assume I believe one of many scorching takes is I’m very professional AI. I do not suppose that it will have a number of unfavorable impacts. I do not suppose that we will have this huge rebellion of the AI’s in opposition to people. And I do not suppose that is going to occur in our lifetime. I believe that AI goes to be an enormous profit. I believe it will save a number of time for individuals. It will permit individuals to get extra executed. I believe it will be a kind of issues that basically boosts productiveness. And I believe that is what we’d like proper now’s as a result of I believe we’re having an enormous problem within the economic system proper now the place individuals are not capable of scale, the place companies should not capable of scale. I believe that is going to be that new revolution, unlocks an enormous progress the identical method the Web was a large increase. And I believe the early adopters are actually going to profit and the individuals who do not are going to get left behind. So I believe to get possibly a bit of bit political is that I believe international locations that undertake AI and likewise applied sciences like Blockchain, they will develop a lot sooner than international locations that go in opposition to it.
Matt Zahab
Very true. What’s your two cent for simply getting reps in for blockchain? Me, I simply inform individuals I am no free advert, so I am not going to call out all of the newsletters and those that I observe and subscribe to as a result of there is a bunch of them. However the primary ones discover your favourite secure diffusion mannequin, discover your favourite chat, like ChatGPT mannequin, fiddle with them, put in ten minutes a day for every of them. When you try this, you are going to be within the high 1%. The remaining will handle itself. What’s your recommendation to anyone who needs to study AI and turn out to be extra immersed within the area?
Navin Vethanayagam
Yeah, I agree. I’d say if you wish to become involved in AI and also you wish to be taught, step one and the simplest step is to start out attempting it out. And it is nice as a result of really all these fashions are just about free. Bart is free, ChatGPT is free and you will get began totally free. After which when you actually prefer it, you will get the premium later. IQ GPT, that is our product. So you possibly can really be part of the waitlist proper now iqgpt.com. After which if you’re an IQ token holder and you have staked 100,000 excessive IQ, you get computerized entry straight away. And sooner or later, we will roll out premium options as properly. So these are a few locations to get began, I’d say, to hearken to nice podcasts like this one the place you are going to be taught in regards to the AI discussions in crypto. I noticed a great Twitter area right now, really. Loads of good Twitter areas as properly. Twitter is all the time an awesome place to study each AI and crypto and tech itself. Humorous sufficient, that is really how I acquired into IQ.wiki was by way of Twitter. So you possibly can observe a number of founders, a number of fascinating stuff occurring there. Yeah, particularly when you’re actually younger. I’d say one of many first steps is to simply observe individuals on Twitter and simply be taught from them and simply see what individuals are speaking about, see what’s fascinating to you. After which if that’s fascinating to you, be taught extra about it.
Matt Zahab
Yeah, it is wild how a lot alpha you will get from Twitter. I imply, even when you’re paying it is. Eight bones a like. The best cash ever. I lifeless ass. I might in all probability pay $50 a month for Twitter, and I simply promote the podcast on Twitter. That is it. In any other case, I do not tweet, however what I be taught is completely world class. So shout out Elon and the Twitter/X staff, who additionally really simply filed a bunch of paperwork to permit crypto buying and selling on the platform too. So good day for crypto. Bitcoin ETF, Elon, Good friend.tech nonetheless buzzing. We would like to see it. Navin, recognize you approaching, man. Completely unimaginable episode. Earlier than you go, are you able to please let our listeners know the place they’ll discover you and IQ.wiki on-line and on socials?
Navin Vethanayagam
Yeah, so IQ.wiki, you possibly can observe us on Twitter. It is simply @IQWIKI. For me, you possibly can simply search my title, Navin Vethanayagam, however I believe you will in all probability discover me when you simply say Navinv or simply Google me and you may see my IQ.wiki web page. So I’d say undoubtedly try IQ.wiki. Take a look at iqgpt.com. Make sure that to join the waitlist. Or if in case you have IQ tokens, or if you wish to get some, you will get some IQ tokens and you’ll stake them, after which you can use IQ GPT routinely straight away, and you will get these premium options as properly. So I’d say try all these issues.
Matt Zahab
Love that. Navin, thanks a lot. Absolute deal with. A pleasure. Admire you approaching. Cannot watch for spherical two, my buddy.
Navin Vethanayagam
Undoubtedly. Thanks for having me. It was a blast.
Matt Zahab
People what an episode with Navin dropping data bombs left, proper and middle, bringing the noise on every thing AI and blockchain associated. The way forward for AI and Blockchain. Good friend.tech, Grayscale, Bitcoin, ETF. You title it, we mentioned it. Hope you guys loved this one. When you did, please do subscribe. It will imply the world to my staff, and I. Chatting with the staff love you guys a lot. Thanks for every thing. Justas, my superb sound editor, recognize you as all the time my man can be misplaced with out you. And again to the listeners. Love you guys. Carry on rising these baggage. Hope you loved that good inexperienced candle right now. And as all the time, carry on staying wholesome, rich and glad. Bye for now, and we’ll discuss quickly.
