Vitalik Buterin, co-founder of Ethereum, has voiced his concerns regarding the rapid development of superintelligent AI and the concentration of power within the AI industry. In a recent statement, Buterin emphasized the risks associated with superintelligent AI and cautioned against rushing into its development. He specifically opposed allocating $7 trillion for server farms, referencing Sam Altman’s ambitious funding goals for AI chip fabrication.“Superintelligent AI is very risky and we should not rush into it, and we should push against people who try. No $7T server farms plz.”Buterin advocates for a decentralized AI ecosystem, highlighting the importance of open models that can run on consumer hardware. He argues that such models serve as a crucial hedge against a future where AI value is monopolized by a few central entities, potentially leading to a scenario where a limited number of powerful servers mediates most human thought. According to Buterin, this decentralized approach poses a lower risk of catastrophic outcomes than corporate or military control of AI.Furthermore, Buterin supports a regulatory framework that distinguishes between “small” and “large” AI models, with the latter subject to more stringent regulations. He notes that while models with 405 billion parameters are beyond the scope of consumer hardware, those with 70 billion parameters are not, as he himself operates such models. However, he expresses concern that many current regulatory proposals might inadvertently classify all models as “large” over time, thereby stifling innovation and developing smaller, open-source AI models.Buterin’s comments come in the wake of significant developments in the AI industry, including Altman’s controversial efforts to secure massive funding for AI chip projects and his temporary ouster from OpenAI, which highlighted deep divisions within the AI community over the pace and direction of AI development. Altman’s push for rapid AI advancement has been met with both support and criticism, with several high-profile departures recently reflecting broader debates about the future of AI regulation and governance.According to Buterin, fostering a diverse and decentralized AI landscape is essential to mitigate risks and ensure that AI’s benefits are widely distributed rather than concentrated in the hands of a few powerful entities. This perspective aligns with his broader vision for technological progress, which prioritizes democratic decision-making and decentralization.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI. Stay ahead with crypto’s key news and insights. Delivered directly, every day.Courts dismissed the case without prejudice, leaving Musk an option to refile the case at a later date.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.Rob Marrocco believes crypto ETFs beyond Bitcoin and Ethereum are unlikely without first establishing a futures market or changing regulation.Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.The S-1 filing follows the SEC’s approval of NYSE Arca’s proposed rule change on behalf of ProShares.All spot ETH ETFs have yet to launch despite recent developments.ICBC compared Bitcoin to gold and said Ethereum has established itself as “digital oil” capable of powering myriad applications across the web3 ecosystem.DeFillama data shows the platform’s TVL rose 135% despite the attack.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
