‘In Excess Of A Trillion Dollars’—Bitcoin And Crypto Mogul Reveals Wild ChatGPT Plan

ChatGPT, the Microsoft
MSFT
The AI-powered AI-based chatbot that has taken the world by storm has become the fastest-growing Internet application in history, according to analysts who believe the generative AI market could be "more than a trillion Dollars".

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Hype and speculation run rampant about what OpenAI's ChatGPT could mean for technology and business and replaced the bitcoin, cryptocurrency and blockchain craze that peaked in late 2021.

Now, bitcoin and crypto tycoon Justin Sun, the creator of the blockchain and cryptocurrency tron, has proposed a "framework" to provide an "AI-driven decentralized payment framework" for ChatGPT.

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“This framework will realize a decentralized payment system that is secure, trustworthy, tamper-proof, anti-censorship and AI-capable, helping people build a new smart decentralized financial ecosystem,” said Sun, a retired crypto entrepreneur. officially tron ​​in late 2021 when he became Grenada's ambassador to the World Trade Organization (WTO), he wrote on a jargon-filled Twitter thread sketching out the plan.

This week, ChatGPT developer OpenAI announced that it would start charging a $20 monthly subscription to cover computing costs after making the software publicly available for free at the end of November.

“By combining AI technology with the security and efficiency of blockchain, AI developers can maximize its potential,” Sun wrote, adding that “tron blockchain can provide the best infrastructure support for OpenAI, ChatGPT and all developers. of AI by leveraging its robust blockchain payment system."

The proposal received a muted reaction on Twitter, with crypto skeptics dismissing the plans that were marked as "nonsense" by technology journalist Edward Ongweso Jr.

"An amazing thread that combines the latest technology and crypto lingo," writer Jacob Silverman, who is writing a book on the latest bitcoin and crypto craze with former teen heartthrob Ben McKenzie, aware to Twitter.

The price of Sun's tron ​​cryptocurrency, which boasts a market capitalization of around $6 billion, according to CoinMarketCap data, changed shortly after the announcement.

ChatGPT, designed to generate text responses ranging from essays, jokes and even poetry from short prompts, has reached 100 million users in just two months, according to an analysis by data firm Similarweb, with UBS analysts. writing in a note seen by Reuters that they "can't remember a faster ramp up in a consumer internet application."

The huge success of ChatGPT has sparked a surge of investor interest in AI-driven technology, helped by predictions that the generative AI market could be "over a trillion dollars", according to UBS.

Struggling media company Buzzfeed saw its share price skyrocket last month after it announced plans to use AI to generate content, echoing similar stock-market follies for companies that used the words bitcoin, crypto and blockchain in news reports. last years.

This week, Sheila Warren, CEO of the Crypto Council for Innovation, said political that ChatGPT is "overrated".

ChatGPT is "a bit like the early days of cryptocurrency when people were like, 'Blockchain for everything!' Now, it's like: 'You can use ChatGPT for absolutely everything!' That's not true yet. And it may never be," Warren said.


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