Time：10:00 PM (Beijing Time) , July 19 10:00 AM(ET) /7:00 AM（PST) , July 19
Groups：Mars Finance Global Family
Adam： the cofounder and COO of ObEN
Vivi Lin：Mars Finance Global Partner ，General Manager of Mars Finance International Wechat Community
Steven(Tianyuan) Wei：Finance in Miami university ，Co-founder of Sharp Eye Capital，Invest and Incubate high-quality overseas projects，Media，Exchange，Mine
soon, data and AIs can be shared
Steven:Hi, everyone, I am Steven(tianyuan) Wei, rotating group manager，today I invite Adam of ObEN share his opinions on Artificial intelligence and ethics on blockchain
Adam:hello everyone. I am today in Tokyo attending Softbank World Conference great meeting everyone here
Vivi:How’s the conference
Adam:I am a cofounder and COO of ObEN.com. ObEN is a Pasadena based Personal AI (PAI) company launched in 2014 with strategic backing from investors like Tencent and Softbank. ObEN believes that every person in the world will soon have a PAI, an intelligent avatar which looks, talks, behaves like its human counterpart, and self-evolves through interaction. By working with ProjectPAI.com, an effort to develop a decentralized network which supports creation and verification of PAIs for users worldwide, ObEN creates a PAI ecosystem where developers, businesses, and consumers in every vertical industry can transact in the trustless manner.
huge conference. so many global leaders spoke today,the main topic is around future,softbank believe the future is AI
btw, Prior to Oben, Adam was a venture partner of Lightspeed Venture Partners in Beijing, China. While in Lightspeed, he made investments in the big data and entertainment industries. Before Lightspeed, Adam co-founded Baihe.com, the largest dating company in China with over 200mm registered uses. Adam received a Master of Financial Engineering from UC Berkeley and a Ph.D. in Transportation from UC Davis.
anyone understands Japaness here?
Vivi:How’s it like having SoftBank as your investor
Adam:Softbank is super helpful
they encourage portfolio companies to work together in the way of shared economy,in the softbank family, every portfoilio can work with each other no matter how big, small, or young
Vivi:That’s smart! Saw that they just signed deals with DiDi to enter Japan
Adam:yes. Jean Liu did a talk in the morning
also China's Zhongan insurance and Paytm will work together as well
so many big collaborations happening today
Vivi:Shared economy is paralleled with blockchain in a sense
Adam:Right. ride can be shared
soon, data and AIs can be shared too
when data are shared, blockchain is critical
Vivi: you are one of the few blockchain + AI project that got both backed by SoftBank and Tencent, two of the biggest names in the space
the high barrier to adoption for most blockchain products
Steven:1. Given the high barrier to adoption for most blockchain products, do you think mass adoption can ever be reached without centralizing auxillary services related to blockchain, such as exchanges?
Adam:Globally, there are about 20-30mm people trading bitcoins. That is the guess of the current total population of blockchain users. Comparing to mobile internet users, it is too small. But the value of BTC is around 7000USD per coin which is high given only 20-30mm users. This means that if a blockchain application can reach the scale of mobile Internet or app, the value created will be much bigger than a mobile app.
Crypto is similar with privately issued currency in the old days. In the old days, because the tech infrastructure was not ready, the private money was not popular. Now, with Internet and many other modern techs, the crypto becomes popular again. The history already told us that people have disliked their different kinds of currencies were trade at different values without convenience of use. The Exchanges serve the function of private currency inter-operability. Therefore, auxiliary services like exchange will continue to serve important role for blockchain and crypto. The exchange can be centralized or decentralized. Also for better UI/UX, the function of exchange will be integrated into the crypto payment with the integration with mobile payment in the future.
Barrier of blockchain app adoption also come from many other aspects, for example how to analyze and make the use of data on blockchain. Therefore, AI is another auxiliary service related to blockchain and is critical. Both exchange and AIs are critical to blockchain adoption, in my opinion.
Pls allow me to use Oben as an example to explain the AI part for blockchain. Oben’s strategy is to launch the blockchain application on PAI chain. PAI chain is a derivative of Bitcoin chain with adoption and modification of P2P data and data authentication and application development layers.
One reason of choosing BTC as infrastructure is due to its maturity so that Oben can launch application first and fast, and improve the performance of PAI chain at the same time. Otherwise, application engineers and consumers will have to wait for years until an almost perfect chain technology to be ready. Innovation will be slow. Oben decided to go to market and improve PAI chain at the same time.
At this stage, Oben plans to make users use PAI chain to create and manage their PAI ID on PAI chain, and put AI app running off PAI chain. We are still working on the blockchain infrastructure which collects and improves the AI using the data generated on the app level.
That is the AI at this stage of development will be off blockchain. The development and direction of AI+Blockchain is to using edge computing on IoT so that both data and AI can be run and secured at edge using blockchain.
At Softbank World Conference in Tokyo today, Masa Son's speech today is all about the combination of AI with all types of applications at edge. The infrastructure of edge computing is similar with the neural/nerve network of our human body. AI is centralized in the brain and decentralized at many many nerve nodes in every part of our body. AI and Blockchain will evolve and merge just like our nerve system.
So this is my understanding of auxiliary services needed by blockchain adoption
the influx of insitutional investors
Steven:2. Do you think the influx of insitutional investors impacts the original ethos of a decentralized currency system?
Adam:expert will be able to sell their expertise. people can decide which PAI skills to buy
this question follows Ryan's comment perfectly
I received a master of financial engineering from UC Berkeley. I knew many smartest people in the world are working and applying the latest and most advanced tech into fintech. If we look at the stock market in the US, 70% of trading were done by institutional investors. If we look at the stock market in China, retail investors account for the majority. US financial market has nearly 100 years history and went through the similar development stage as China, migrating from retail to institutional investors. Crypto is traded 24/7, this migration will be faster.
Steven:3. There are many operations that people are developing with blockchain - like AI - that for now are actually less efficient on a blockchain platform. How do you think that will change?
Adam:At this stage, device/people ID can be created and secured on a blockchain, the AI part can be used off the blockchain. The future of AI on blockchain will be edge computing ecosystem: IoT/people contributed data to blockchain, data are computed and preprocessed on edge to be efficient and secure in a decentralized manner before they are computed in the centralized super AI when needed.
Softbank's ARM controls over 90% of mobile chip in the world and is working aggressively towards edge computing. Our phone, car, speaker, all devices will be smarter because of mobile chips. The future will be that people will have a parallel world where each of us is created by every people's data, a Personal AI, PAI. Billions of Personal AIs will connect with real world's owners and work for the owners. Through the interaction of real world, Personal AI will self evolved in the parallel world. In the future, humanity will evolve to another level where humanity will live forever in form of data, our personal AI.
the balance between efficency, scaleability, and ideal
Steven:4. What is the balance between efficency, scaleability, and ideal? Do you think the shortcomings of current blockchains are worth the privacy they enable, or do you think mass adoption will not occur until these issues are solved?
Adam:At Oben, we choose to solve this problem by launching simple AI applications secured on blockchain (PAI chain) first and move on to improve the blockchain is an on-going process.
Because Oben's focus is on personal AI created by personal data, it is very natural for Oben to adopt blockchain. Simple applications include celebrity's PAI copyright which is to be protected and consumer wants to be incentivized for their contribution of data.
Oben has many sharehlders who are the top leaders in very major industries, Tencent, Softbank, SM, K11… We are working with them to make PAI technologies available for their clients sooner.
My vision is to let everyone in the world to have their own PAI. By working with our partners, we want to make sure not only the current population of blockchain users can have PAIs, but also all consumers around the world will have PAIs.
Steven:5. What are your thoughts on the data economy. In many ways the blockchain has been hailed as a panacea of our data ills - how much of that hope is valid?
Adam:From my limited experience, the current global leaders are all the winners of centralized economy. They are looking at the ways of extending their business to the new era without impacting their current business lines.
Is it possible? I would say yes in most cases of the business if data is the key.
Softbank is investing heavily into all aspects of life where AI is a service. When data and AI are met, if people can recycled their data for the use of other AIs, the business scale will be much bigger.
The current wave of business is the model of shared economy. Softbank invested into Uber, Didi, Grab, … all major shared economy. Very soon, When data and AI can be shared, the blockchain tech will be the critical node. How soon? It will come sooner than we think.
Steven:6. Do you see the loose efforts at regulation as a boon to the cryptocommunity - a sign of maturation - or do you think it does more to inhibit growth and innovation?
Adam:Prof. Richard Thaler is the nobel laureate of 2017 in economics. His theory is that human has Limited rationality and limited self-control.
In the US TV series West World, it shows that if there is no regulation and rules in the virtual world, people will completely show their evil side by killing, stealing … Even robot will do the same evil thing to human when robot gains consciousness.
From my limited experience in crypto, this is what exactly happening in the cryptos. Please don’t laugh here.
the same for smart contracts and AI on blockchain
Steven:7. There are parallels between smart contracts and AI systems that remove the need for human maintenance - do you eventually see these two elements completely elimating the need for all centralized or bueracratic maintenance?
Adam:The development of AI moves from human-controlled AI to non-human-controlled AI. This will be the same for smart contracts and AI on blockchain. The current smart contract can handle creation of token and transaction and other simple distribution.
The ability of handling AI processing is still limited. As we know, AI need lots of training, training on data and training on control. Only when developers start testing and iterating AI using smart contracts control, people will gain experience.
Any centralized decision making can be dangerous for super AI. However, if we can decentralize AI at node level, or say democratize AI at individual people level, the humankind collectively together may eventually develop a good system working with AI.
This can be also applied to assisted governance mentioned by @Ryan Chandler - Blockchain PR
Therefore, blockchain smart contract giving each person the right of managing AIs, either their own PAIs or together to manage a super AI will probably the right direction of AI management.
At I discussed previously, if human doesn't define the regulation or rule for AIs, it will be like what happens to the West World or crypto world right now.
AIs without rules will have limited rationality and can be dangerous. We will code the rules to the smart contract to give guidance to the AIs.
Can we completely hand off after the rules are coded into the contracts? The West World showed that AIs can re-write the code with the help of a real human.
Steven:8. What do you invision are the rolls of people in a world where AI can automatically do most routine tasks? Will this be a boon or a disaster for humanity?
Adam:Human is still superior in creativity and un-structured areas. Human cannot stop technology. The only way for human to continue thrive is to democratize AIs and build as many nodes of as possible and reasonable to manage/control AIs. And as Ryan Chandler - Blockchain PR said, make rules too expensive for AIs to change.
Human can still play important role in all kinds of creativity. By that time, the education system will need to evolve as well
AIs is born by data, data is created by human. In cycle, AI serves human. The loop will continue.
Steven:9. On a more esoteric level, what do you see as the measure of human worth and identity if they do not have to work?
Adam:Today at Softbank World Conference, Masa Son said currently the most valuable asset is not gold, but data.
AIs is born by data, data is created by human. In cycle, AI serves human. The loop will continue.
What makes humankind? What differentiate us from AIs?
Curiosity. Human is curious about many unknown spaces. NASA's Mars Science Laboratory named a car-sized rover designed to explore Gale Crater on Mars "Curiosity".
Human will have endless desire to explore and discover unknown world, in the ocean and out of earth. This curiosity will continue to create jobs and new kind of data for humankind and keep making us superior. In the long run, the most valuable asset in the world is still data.
Steven:10. Some have suggested that AI and robotics, in addition to better data storage, can eventually allow humans to transfer their consciousness to machines and achieve near immortality? Do you think this is advisable? If so, should this then become a critical right, similar to access to clean air, water, or healthcare?
Ryan Chandler Brown:Very interesting answer. However, I might disagree on one point. If I have a computer that has all the data in the universe, what is that data worth? (Just like if I have all the gold)... without consciousness, it is not worth anything. Consciousness is the key. Conscious decisions.
Adam:I think over the time, AI will gain self awareness. In many AI startup and also Alpha Go Zero, AIs already showed the ability of self learning without human training.
this will potentially develop self consciousness
At the current stage, AIs are still trained by data collections on apps. In the future, next generation tech like brain-machine interface and other tech may contribute to data collection / training as well.
The blockchain will make sure this right is equal to every people, young or old, poor or rich and any race and sex, because all kinds of data add values to AIs. If there is no blockchain, in a centralized world, they can sale forever AIs at different prices with margin because people, no matter who you are, don’t have right of their own data and AIs.
That is why I believe AI+blockchain is so critical to human. Only by combining AI and blockchain, we can ensure everyone equally have the right live forever through their own data/AI. Oben is the first company implementing this vision by working with PAI chain. More partners will join this space. Together we can make the world better and more equal.
Ryan Chandler Brown:The rules/values of this self-consciousness will be very important. Maybe the most important thing in the future of mankind.
Adam:Yes. Thanks for all your comments. I learned a lot tonight