OpenAI’s Market Position Vulnerable to Intensifying Competition

OpenAI has established itself as an industry pioneer by now. With its latest launch of SORA, the Sam-Altman-backed company has made AI’s exposure even more evident to the common public. However, rising competition in the same industry can challenge the behemoth’s market grasp. A recent Forbes report highlights how decentralized AI projects can potentially perform better than OpenAI SORA.

Decentralized AI to Potentially Challenge OpenAI

Forbes in a recent interview highlighted that OpenAI’s SORA has captured the attention of the general public. However, decentralized AI projects such as Gensyn, OORT, and Bittensor are emerging in the cryptocurrency and blockchain space to leverage the advantages of decentralization, such as improved data privacy and cost savings, to speed up AI development.

The feature of keeping data anonymous and ensuring privacy can potentially be a setback for OpenAI. Apart from these applications, the development in the AI industry is rampant. With multiple companies trying to leverage AI revenue, OpenAI will likely see intense competition in the future.

Read Also: Tech Titans Join OpenAI in $675M Funding for Figure AI’s Humanoid Robotics

Decentralized AI Likely Safer Option for Users

According to Forbes, decentralized AI, which makes use of blockchain technology and cryptographic economic incentives, invites people all over the world to contribute data and processing power. The feature promotes innovation and the broad adoption of AI technologies.  The report further highlights that decentralized AI is still in its infancy, but it has the potential to completely transform the way AI is developed. A more democratic and reliable AI ecosystem is made possible by enabling direct connections between developers and users. This can eventually circumvent the conventional gatekeepers of centralized authorities.

OpenAI SORA Faces Issues with Misinformation

Most information that is uploaded and created on OpenAI’s SORA is anonymous. The discrete nature of the application makes it easier for people to create fake videos. Due to this many are worried about the implications of it in the future. Bloomberg writes that it’s a dubious time to introduce a potent new video-generation tool for OpenAI. Many politicians, misinformation researchers, and technological experts are worried that hyper-realistic AI deep fakes will be used to trick voters in 2024 when a large portion of the world will be able to vote. However, OpenAI’s SORA will likely address all these concerns eventually in the near term. However, with the legitimacy of the content in question, blockchain-based decentralized AI apps can eventually emerge as a better option for users.

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Nausheen Thusoo
CoinGape