From Nasdaq:

The world’s leading companies, including Microsoft, Alphabet, Amazon, Apple, and Meta, are investing billions in generative AI technology through stakes in startups and internal projects. However, the vast amounts of digital data held by these companies are used to create algorithms for targeting and manipulating human behavior, leading to societal concerns and a threat to mental well-being.

These major corporations are occupying five of the seven top positions in overall corporate market capitalization rankings. Their combined market capitalization is nearly $10 trillion, with their dominance stemming from the extensive digital data they hold from individuals. This has led to the rise of a surveillance capitalism business model and concerns regarding the societal impact of their platforms.

The U.S. Surgeon General has warned about the threat to young people’s mental well-being from exposure to online bullying and toxic behavior, while contentious issues have led to a decline in the health of democracy. The sharing of human-sensitive data by these major corporations has prompted concerns about the centralized control of AI infrastructure. The need to shift to a decentralized data management model using blockchain technology is emphasized.

The combination of artificial intelligence and blockchain is a topic of great importance, as it offers potential solutions to the centralized control of data and content by major tech companies. The blockchain community is calling for mainstream attention to urgently address these concerns. There is a need for a system of verification using open-source protocols, as well as decentralized approaches enabled by blockchain to ensure transparency and trust in data management.



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