 Welcome everybody to the Wednesday livestream a lot of things going on so let's just jump right in so the big story today that I feel Of course, there's a lot of things going on the crypto digital asset world. He's looking like a good amount of inflows We've reached 70k as far as Bitcoin the total market cap is 2.7 trillion in climbing But if we're taking a look at beyond that what the next thing is it's AI It's AI and I think it's crypto AI I think this story is a little bit bigger than what people might give it reference to so This got some audio back and it's from singularity net and At first I thought this might have been like some sort of hack because when we take a look at the comments You'll see why but it says we're excited to announce that a multi-billion token merger with fetch AI and Ocean protocol to create the artificial Super intelligence alliance. I gotta tell you something a superhero movie Largest open-source decentralized network and accelerate the race to AGI to learn more here and This was the video they they put out not really too much to it It's kind of like just says that hey, we're going to be combining things when I first took a look at this I thought this was just Another I know if it was like when it says alliance to me I was thinking to myself. Well, maybe this is just they're going to have some sort of Communication and open up and make some type of founding But apparently no that is incorrect and when we take a look at businesswire.com we can see The actual whole story which is I can say it's pretty big. So this is from business wire and fetch AI ocean protocol and singularity net are creating the artificial super intelligence alliance And you may notice right here. I'm going to get to this first the combined value of fetch AI ocean and agi x Is 7.6 billion if you take 7.6 billion right now And we do it the market cap You know what that puts them Almost in the top 20 Almost in the top 20 by converging. I think this is this is a smart move This is a good move, especially if they are, you know, they've been around for quite some time Let's be honest singularity has been around Ocean protocol fetch AI I think is a newer kid on the block but by combining resources They are not guaranteeing Their dominance, but what they're saying is like look There's a lot of hurdles to come through. We can't just live on narratives alone We need to push the envelope and we're gonna all work together to make this a really big decentralized things Here's what's going on so The creation of the largest open source centralized network through a multi billion token merger Is a major step that accelerates the race to artificial general intelligence agi Alliance is the brainchild of three leading minds and decentralized AI Ben Gortzel We're known as the father of agi founded s net as a blockchain based marketplace And framework for AI services also for singularity D-Mind founding investor homie on chic built fetch AI as a decentralized multi-asian platform to deploy and commercialize AI based applications Trent mcconnie mcconnie Think I nailed it Maybe we can dominate this sector As part of the formation of the alliance the fed ocean and agi x tokens that fuel the three alliance member networks Will be merged into a single asi token. Let me say that one more time. So I want to make this crystal clear because when I first saw this When I first saw this I thought to myself What does this is this are they going to merge the tokens Is this going to be like all the merge the token always are all screwed over and of course they had to buy a new token. No So let me say this one more time as part of the formation of the alliance fed ocean agi x tokens that fuel the three alliance member networks Will be merged into one token called asi It'll function across the combined decentralized AI network provide unprecedented scale and power And this is what uh, dr. Ben Gortzel says ceiling found rest net singularity night His da revolution intensifies It is imperative that agi and asi are not owned and controlled by any particular party making it truly decentralized With their own biased interests That's a pretty brave thing to say It's very easy to make billions and billions of dollars being at the top of the chain and just going You know what? I'm not gonna we're say it's decentralized, but wink wink. No, no, it's not And they're going to walk the walk They should be rolled out in an open democratic and decentralized way This has been the joint vision of s net fetch AI and ocean protocol from their inception For this reason it makes total sense that our three products come together To form a tokenomic network that has greater power to take on big tech And shift the center of gravity of the AI world in the centralized ecosystems. Here's the rationale which makes a lot of sense It's catalyzed by the rise of AI and growth of the three AI projects Right now you can't get a hotter narrative besides meme coin and crypto than AI probably deep in Created a centralized AI infrastructure at scale again What dr. Ben Gortzel was talking about and accelerates the investments into agi Essentially, you have three communities merging together and they're going to all get into the AI sector So it takes the power of three and combines everybody and this is the interesting part If you hold on these tokens like myself Here's what's going to happen if the proposal and again, this is all comes out to the community if the proposal Don't know when this is going to come about But if the proposal receives majority approval, which i'm pretty confident will From the respective communities the following will occur That will be rebranded or fetch AI will be branded as asi for the total supply is 2.6 billion tokens agi x tokens migrates asi as a conversion rate Of 0.43 ocean token Tokens migrate to asi at a conversion rate of 0.43 If the fully diluted value of all three tokens is that march 26 were carried over this would combine to a 7.6 billion valuation Let's just take a look real quick And how fetch AI is going well in the last seven days up 20 percent and 24 hours up 5 percent Let's see what's happened on the part of the news went up a little bit down Let's see what happened with sterility By 24 percent in the week last 24 hours up 7 percent last hour down a little bit Probably because people were buying and selling that same thing and I can only guess That ocean protocol, let's just see it's the same thing Yeah, pretty much here's the news Broke quite a little bit of a jump So if you were holders of those congratulations, that's what's happening right now So to finish up Singularity if you're not familiar with it, which I know there's a lot of products going on. So even I need a refresher As a mission of creating a centralized It's pretty much like a decentralized marketplace democratic includes some beneficial agi What I didn't know is that the core platform and ai teams are further complemented by specialized teams Devoted to apps such as finance robotics biomedical ai Medical arts and entertainment. So they have to hold the ambit there Fetch ai enables developers of business to build deploy and monetize essentially dApps or ai Applications an ocean protocol enables businesses individuals to trade tokenized data Uh to manage data all along a essentially to trade the data to people who want to buy your data or tokenize that data So in some way shape a foreign motion protocol is a little bit on the ai side And that's what we have right there. So let me just think about that in the comment section before we get into it I made a I made a deep dive video into aether Which is essential eyes. Which is essentially is a deep pin ai play they Are taking gpu's across the world and essentially decentralizing them using them to consolidate their computational power and Renting or selling them out to people that actually needs that computational power to major institutions that want to build on ai And deep machine learning. We just did a deep dive. It's over on dan de jen. I'll get to that in a second But one of the things that I think that people are missing the point here is because we think about ai and we're like, that's cute That's adorable. It's nice, right You know, we make goofy pictures. Everybody's happy make some deep fakes. That's it. Which are quite scary actually Yeah Presidential election will be crazy this year. I can tell you But I don't think we realize just how big ai is going to be as much as we thought that Because i'm old that the internet wasn't going to be as big of a revolution as was it once was And if you can you can just go back to this the different revolutions agricultural revolution You can just see you know 1400 1500 it's just how it shapes the world And then the industrial revolution 1700 1800s and just the powers that came you know for for confidence in countries And then we had and that was 1700 1800s and then we had the industrial or excuse me the informational revolution Which essentially took place in the later half of the 20th century 1990s the internet and things like that And now we have a new revolution the artificial intelligence revolution, which is going on right now. We're involved in We're lucky to be here And what I did was I put together a piece which just explains just how important Ai is going to be And just how massive it is and how I think we're kind of missing the point here So indulge me for about five minutes or so with this so Really comes out of this Houston we got a problem and the problem is we don't have enough compute power Which is everybody is going to be fighting over and don't just take my word for it This is sam. Oh He is the co-founder of chat gpt And what he talks about in this clip kind of makes it very clear About just how important compute power will actually be so I want you to hear this crystal clear so let me Share my tab real quick just like listen to this it's about uh 60 seconds or so and we'll jump right back Look, I think compute is going to be the currency of the future I think it will be maybe the most precious commodity in the world And I think we should be investing heavily to make a lot more compute Compute is it's an unusual. I think it's going to be an unusual market You know people think about the market for like chips for mobile phones or something like that And you can say that okay There's eight billion people in the world maybe seven billion of them have phones Maybe they are six billion let's say they upgrade every two years So the market per year is three billion system on chip for smartphones And if you make 30 billion you will not sell 10 times as many phones because most people have one phone But compute is different like intelligence is going to be more like energy or something like that Where the only thing that I think makes sense to talk about is at price x the world will use This much compute and at price y the world will use this much compute Um because if it's really cheap, I'll have it like reading my email all day Like giving me suggestions about what I maybe should think about or work on And trying to cure cancer and if it's really expensive, maybe I'll only use it We'll only use to try to cure cancer So I think the world is going to want a tremendous amount of compute and there's a lot of parts of that that are hard Energy is the hardest part building data centers is also hard The supply chain is harder than of course fabricating enough chips is hard This seems to me where things are going like we're going to want an amount of compute That's just hard to reason about right now Yeah data centers So what he talked about there is one of the things that is being solved by a plethora of different projects that are out there and uh, we'll get into that but There wasn't just that piece though. It wasn't just that there was uh, there's a An organization called AI now And they're an institute they were found in 2017 AI now produces diagnosis and policy research on official intelligence They've been involved with DeepMind Pivotal MacArthur Foundation. They advised the us fdc on artificial intelligence in 2021 now. They're an independent agency And what they found out was this there's a couple different things and this is actually going to play into Global dominance by different nation states wait for this So this first of all just to get into the industrial part the institutional part There's a recent report from Andres and Horowitz a 16z He described compute as a pre dominant factor driving industry today Noting that companies have spent more than 80 percent of their total capital on compute resources So think of all these all these different companies that we hear about Nvidia AWS Intel they're spending 80 percent to actually get into the sector to be the global dominant force And why is that because there's gonna be so much demand for it? But this is actually the the total article from Andres and Horowitz Supply of compute is so constrained demand outstrips it by a factor of 10 10 Access to compute resources the lowest total cost has become a determining factor for the success of AI companies So think about that. This is where decentralization and crypto really comes in. What's easier to do Is it easier to be like amazon web service and go and buy a huge plot of land and then do all the construction and Build the data center and then make that infrastructure Inside to have all the different GPUs all the different wiring all the electricity pay for the people pay for the fines pay for the taxes upkeep and everything else to To perform that or maybe it might just be easier to do a decentralized way and say hey How about if we use the computational power in your computer in your a1 microchip? For your apple to actually as a GPUs are being underutilized in your data centers or in your your Bitcoin mining rigs to use those and we'll pay you a token and that'll be the resource to me, I think that this is where Crypto and angel assets can really shine with making a decentralized AI play For a computational power. So to go into this They talked about we've seen many companies spend more than 80 percent of a total cap Which is what we talked about before So this is what they said the lack of sustainability cuts in two directions. First, there's a clear scarcity I like that I like scarcity in markets because that means if there's not a lot of scarcity Or there's a there's not a lot of the actual product And we have a mass amount of demand. We know what happens with the price Particularly the kinds of state of the art chips needed for training large-scale AI models demand for these chips currently in videos H 100 a 100 extremely high those h 100s and a 100s they cost tens of thousands of dollars and they're extremely hard to get How hard are they to get? Listen to Elon Musk me Again, let me make sure that you can Hear this correctly This is what Elon Musk says about how hard it is to get these chips right now To train a model that I'll probably gpt buy of size I wouldn't be surprised if they use at least 30 30,000 maybe 50,000 h 100s which are the latest All right GPUs are it's not quite the right word but the latest technology from invidia um, so And then you need to run in parents as well so It's a lot of the the GPUs are um This point considerably harder to get than drugs Actually, that's really not a high bar in San Francisco So Elon's always gonna make things funny, but yeah, so there's a massive amount of demand and it's very hard to get These GPUs. So what do we do? Well, and of course who's actually trying to get these these GPUs so supplies are limited Leading to unconventional arrangements like we're just taking a look at collateralization of GPUs to raise funds organizations set up to provide gp rental services Make sure we're talking about and this is the big one and again This is from the ai now institute part Well, they said and purchase of purchases of gpus by nation states seeking a competitive advantage I gotta tell you usa america We pretty much Won the informational revolution for the internet. We just agree that we crushed it. They did a good job But for ai there's a reason why everybody's trying to get these chips Why everybody's trying to be number one because they know it's the next big thing and they want to be the next superpower This puts cloud infrastructure firms like amazon web service Google cloud and microsoft azure as as well as a chip designed from a video and chip fabrication From these companies in a dominant position Compute power is a merging frame for ai industrial policy nations seeking a competitive engine ai are investing heavily With limited access across the compute supply chain on national security grounds. So who's doing this? Which countries are really doing this? Well usa for one. I don't know if you guys remember this But now it all starts to make sense. There was this The chips act of 2022 It focused on growing a national united states based semiconductor fabrication industry I thought it was just because of a war with china and now I understand why Prior to the passage of the act the us produced about 10 percent of the world's supply of semiconductors The new act includes measures such as 32 billion for american semiconductor research to develop a manufacturing workforce 25 investment in tax credit 10 billion to invest in regional innovation and technology hubs and beyond that 50 new semiconductor products were announced worth about 200 billion following the passage of the act That was just two years ago And tsmc which plans to make a 40 billion investment a new facility in phoenix arizona That's 40 billion and that's of course on top of what france uk at japan and china are actually doing and it doesn't just stop there Then it's also these governmental agencies enforcement agencies have converged on cloud concentration As a significant problem again national security issues. This is why I think that ai is going to be such a big thing and I think crypto can lead the way The us fdc concluded an inquiry into cloud computing that particularly expressed interest in the effects of potential Concentration in cloud computing on ai the concern about single points of failure Was echoed in a treasury department report that worried there could be a cascading impact across the broader financial sector if you have This industry chip production chip fabrication And of course the warehouses all under one roof. What happens you have a single point of failure And of course, that's a real problem for national security if you're trying to lead the way in ai fdc released a blog post identifying the risk of anti-competitive practices Among the firm is responsible for providing computational resources In comments that offer both compute services and general ai products through exclusive cloud partnerships For instance, I would be like nvidia and everybody else Might use their power in the compute service sectors to stifle competitiveness In generative ai by giving discrimination treatment to themselves and their parties over new interest And that of course would lead us to the antitrust angle Which I think is what america is kind of or us is kind of clamping down right now So if you have an industry Or companies that are stifling innovation because of the fact That they're actually in that one sector and they control everything This is a what they say a very high level of concentration across several points in the compute stack antitrust is a relevant issue You need to separate cloud provision from ship design and then this would lead me to The deep dive that we did with aether and I said that and it's not just aether I mean you have ash you have ionet You have a kind of difference in hyper cycle I mean you have render you have all these different projects in crypto ai and there's so much Demand that is coming. It's not here right now. I don't think it's here right now But all these different projects. It's not a one-size-take-all. You know everybody You know gets all bad of shape if you're like if you love ethereum And you say anything about like cardinals great people like they just attack you right? And then if you say like cardinals great then people from the saloon, you know They go bend out of shape or actually mostly just people attacking someone and getting bent out of shape But in this situation with these ai plays There's so much there. I think everybody can coexist. So I think that decentralization Give me these antitrust answer. There's no single point of failure It's transparent and for governance as far as like giving people A little bit more of Of favor favoritism you can't really do that because of the decentralized Aspect of that or to centralize autonomous organization of governance and of course, so people will say well that doesn't gonna happen in america You know the government's rule or the Institution's rule everything they just kind of just do what they want to do. Well, not so fast just a couple of days ago Uh, the government just laid down a little bit of law and said hey apple after all these years We're finally going to try to break you up with our antitrust suit And go from there. So I think if they can do that to apple they might be able to pull that with the ai So again, that's why I think The ai sector will be very big. I could be wrong deep dive again. We talked about aether distributed gpu cloud infrastructure for gaming and ai and I linked That video I just dropped In the link in the description and you can check that out Right now. So there's a link for there. Watch that video and go from there, but that's it for today. So look If you like today's video, give it a thumbs up consider subscribing everything we talk about is time sensitive now If you want to stick around I'll try to answer your questions It's the best of my abilities, but if you got to take off take off. Thanks for stopping bio 2000. I appreciate you I'll see you on the next one. All right. So what do we have? Jay had a good question. I think pick this up. So was there a snapshot? already no so remember The community itself for fetch ocean and singularity all have to vote for this resolution to actually go through And they might just, you know, kick it down and say no, we don't want to be a part of this We want to separate. We don't want to combine ourselves. I don't know might be a mistake but So there hasn't been a snapshot and of course that information will come out later I have no information on that right now. This is just a proposal that has been put forth going from there Let's see And again as I coin is live notice knots Again game and coin right. Sorry game Game and coin Yeah, that's another one that's essentially uses it from what I understand. I've talked to the team actually Um, they use the unused computational power for gamers for their gpus cpus And they use that for what is needed into deep learning AI and other type of projects and services That's those gpus are idle. So like if you're just using like we may have talked about Before and if your processing unit is only up to 50 60 70 percent it can use the other 20 30 percent I think that would I think there has to be limits because you can't use 100 percent of your GPU I think if things were on hot, but that's for them to talk about but yeah game and coin again another One of the many that are coming in I love this this I love this narrative Because there's so many people that can come in and actually the demand is still going to be there. Which is great Bingo says do you keep all it's on phantom? No, I use I keep some things, but it's you have to understand Oh one more thing about apple apparently There has been some kind of bug that uh, I don't know how it got into The program itself, but there's been a lot of chatter on x about this Uh security issue for apple products apple computers and what it says and it talks about is If you use a hot wallet There's a way for hackers to get in there and discover your seed phrase And sub and discover your private keys unbelievable And because this happens they talk about don't use hot wallets as much as possible Let's be honest. We're all have to we're all going to use some kind of hot wall Especially if we're in some kind of dj in place. It's what it comes down to right If you go into some crazy meme coins, sometimes it doesn't it's not offered in cold storage devices So for that situation, that's the issue But from what I understand what I read is that it doesn't just happen Because you're here on your computer and you're at home What they talk about mostly is when you are out and about don't use public wi-fi because in some Shape these hackers can get in there and Yeah, get your seed phrase and uh and drain your wallets. That's what I hear I don't know if there's an update yet, but that was just from last night Let's see. Yeah use a hot wallet. I'm with a ledger. Yeah, you can do that too Oh, all right You grow igros says I want to sell my ajax a gix, but the fees are so expensive That was 180 bucks. Wow. It's like 10 percent of my profit Little trap wonder what's Well Is agix on Major exchange. Let's take a look. I guess the big question would be which exchange is it Because like on like coinbase I mean some of those some of those fees aren't too bad, but if you're using If you're using dex's that sucks Because I think agix is a you know, see 20 straight layer one It's awful This says was it for all apple products or only apple mac? I'm not for sure I know for 100 assurance. It's uh, you know, it's for the max for the laptops and for the computers Mostly for the laptops But as far as like for your phones first of all How many hot wallets do we have in our phones really and a lot of it you shouldn't do that Uh and the pads. I'm not for sure the big thing is when you're out about don't Use public wi-fi. That's it. Hey, but amortage is there Beardy's here Rusty Everfox agx on min swap D gen gambler. Hey Reminds me is agix. I thought it was a ERT 20. Maybe it's not it is the agix Let's see if it's gonna Also on cardano. That's pretty nice I see why it's on min swap then. Yeah, but you gotta if you want to bridge it over I'm not a fan of that T. Rubenstein says team's working together instead of against each other is bullish. I gotta agree. I mean imagine if you had What if you had like the top? Three layer ones all converged together. That'd be huge You actually take over and stop fighting be awesome My big thing is though. I'm really excited about the uh layer 2 is on bitcoin coming up. That's a lot of And that's what's you know, if you're a bitcoin maximalist. That was your big thing. So time to support it We'll see Rusty said how fun would it be if eta and eith as a merger? How fun would it be is Charles Hoskinson sitting back on the board for the ethereum foundation. That'd be great. Let's see Any near protocol any thoughts? Yeah I'm supposed to have The founder ilia from near protocol on the show Monday at 8 30 in the morning So we'll talk to him. But if you're looking for like they talk about chain abstraction Which is essentially being able to use whatever service you want to use and not realize what chain you're actually using. It's awesome and uh near I've always I've told this story multiple times But when I got involved with sweat coin and sweat economy I thought to myself there is no way they're going to take 120 million because it was a big web 2 app First it was a global. I think it was like a top. It was in the top five For health and fitness globally as far as apps. Yes, of course if you're in some crazy country It might not be in the top five for you got it But it was huge and still huge as far as web 2 web 3 they brought over 20 million users And I said to myself Well, I said to to olig One of the co-founders ago this will if you guys pull this off I'll be amazed on the year and be able to do this Especially with near protocols. No one knows what near protocols And that was like two years ago And they did it and there was no glitches There was no problems. There was no shutdowns. There was no hiccups. It just worked I was like, well, I don't know what this near is. We looked pretty good And I've been accumulating the year ever since And now here we are So, uh, I think it's a good project seems to do pretty well and if you take a look at DAP radar It's like number one two three and four for the most apps being used It's on here So, yeah, I think it's doing pretty good Let's see what else is a long A long answer for a very short question. All right, that's pretty good Let's see Okay So jeez says artificial and super intelligence contract address again So jeez, this is not out yet Remember and I want to make this crystal clear. Actually, let's take a look at some scams. Shall we this is ought to be fun Because remember if the proposal receives majority approval from the respective communities then this will occur Fetch will be rebranded as asi agx will migrate to asi ocial migrate to asi It hasn't happened yet This this coin doesn't exist period and if we go over here, let me show you something With you scroll down because this is a pretty big post. Let's see is this one. Yeah, it's theirs If you go over here Look at this Well, this looks legit Fetch ai it's got a nice little check mark there Fetch ai at a 301 All the users who build fetch agx or ocean probably the alliance snapshot are eligible to claim asi from the alliance Treasury pool and there is the website That's not right This is the real fetch ai The real fetch ai is 200 000 followers and it's at fetch ai Underneath here if you go here, which is it looks pretty legitimate, right claim that fetch treasuries dot com I'm not going there But look at this fetch ai gold check mark Which anybody did that at a 301 and there's a ton of them here too. Look at this. Look at this Scams all over the place I love that one Yeah, there it is again Yeah, Singularity net at liam As a wow Singularity only has a thousand followers who to thunk it. That's a scam And let's see. Let's see. What else? Now steve says it right. Well, not more. It's good So, yeah, just be aware that this doesn't exist Yeah, there is no contract address. This hasn't happened yet. They still have to vote. That's all Just be careful Tech geeks is a rather you're looked in the bat basic attention token. Yeah, I own some That was when they used to you know give away bat token and Waiting for it to pull. We'll see what happens Let's see We're around a thousand oceanable. We equal to how many asi tokens. Let's take a look one more time ocean tokens at a conversion rate of 0.43333 Agix to 0.43. So whatever tokens you have just cut them by half If you got 10 tokens now you got You know 4.3 That's it That's all anyhow, let's see Oh, there's one more thing I wanted to look at here. Let's Well So again There it is Ah, there's the video All right. So this is the video we did on uh agix or excuse me aether aethr It's pretty good. It looks to be a pretty good one, but it's risky. Remember, uh, this channel our second channel dandigen it's all the really new risky plays so there's like a 99 chance you'll lose everything And like a point zero one percent you might make a profit somewhere I wouldn't go over there watch anything if you're not a gambler because it's all new stuff But it done pretty We'll see that comes up Ah, I didn't know no less Doug says bat screwed up when they banned users use vpns number. I did not know Hmm Jake bell says yeah a thousand ocean is now 430 asi exactly I should just load it up on those tokens today easy play but I didn't And Mr. Seinfeld says Elon Klein is to be a hero. He lets all this fraud happens Look doing the best again. I guess Can't do it all This is everybody right now. I own ocean and now I sold and that's gonna happen. That's usually what happens every time All right Terrorist says what happens to my fed will just be renamed again your fetch AI Is it? Yeah, it looks like it'll just be renamed Because it says right here fetch will be rebranded as asi with a total supply of 2.6 billion tokens I guess just one for one for you guys A gix an ocean is different Might be an arbitrage play there. Who knows? Yeah, it was never easy to be a gix Wonder how a gix hail. That's a good question. Not for sure. All right, buddy. I think uh, that's enough For the AI part right now. I think it's uh, I just wanted to put this out because I feel like There's a big place in crypto especially is where I think that That essentialized nature of crypto and gel assets could really be a boom for the AI sector, especially what we just talked about today, but We'll see how it all plays out. That's it for today. So look like this video give a thumbs up So subscribe me when you talk about his time sensitive. That's it. Thanks everybody for stopping by I do appreciate it and I will see you on the next one tomorrow Man tomorrow is Thursday. We have NFA live with a guy from coin bureau And then from into the crypto verse. I think it's on ben's channel tomorrow So we'll be probably talking heavy alts and meme coins. So I'll make sure to bring it up to ben. All right, buddy Thanks so much. I appreciate you. See you on the next one. Bye. Use