The Kip Web3 AI base layer previously closed an undisclosed funding round from Animoca Brands in April.
For many blockchain builders, the announcement of a $7.5 billion token merger uniting the fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN) communities into the Artificial Superintelligence Alliance (ASI) has been a hallmark of the increased interconnectedness between crypto and AI.
While some lauded the merger as a milestone for decreasing friction and improving synergies, others have warned of the dangers of centralization. One expert Cointelegraph spoke to, Julian Peh, CEO of Web3 AI base layer Kip Protocol, warned that we have seen clear "monopolies forming" in AI just in the past two years.
"A few companies like OpenAI training their giant models on all of our collective data and knowledge, and also completely capturing the regulatory process," said Peh, continuing: "We will own nothing in the AI powered future should this trend continue. We are all presently victims of a great knowledge heist, and in future will be relegated to being mere consumers of AI with no economic participation rights. This is ironic, as the aforesaid giant models are trained on our data in the first place."
