RE: Artificial Intelligence Turns $20 Into $11,000 - Should You Be Scared?
Nice, but this isn't really AI. It's mechanical turk as sports bookie.
You see UNU isn't a platform that learns, it's a just a polling platform exactly like we've had for literally centuries. Your local sports book does something extremely similar under the hood, but what they use is the amount bet as a weighting mechanism on odds.
Humans voting on a thing is not AI not even close, even if there is an algorithm that weights it's decisions based on the correctness of previous human predictions.
For it to be AI, it would need humans to train it first and then let it go off on it's own and begin synthesizing data into answers without direct human guidance. That's not even a goal here.
The other question is how would you monetize something like that even if they did decide to train it up and let it run on it's own?
I don't see any sort of compensation scheme. Without compensation and also some way of clawing back compensation for tampering, you end up with this sort of cock up, which frankly does scare the hell out of me.
https://en.wikipedia.org/wiki/Tay_(bot)
Forsure completely agree on a number of things, I think what the platform does aside from being very cleverly branded is that it brings AI into focus a little more.
I'm going to follow up with some more AI posts which are more of what you speak. But, I thought I'd get the conversation going with this one as it is very relatable. :)
More to come @williambanks - thanks for the comment and the share! Love it.
Oh on the monetization question, thats a tricky one as it does require the collective intelligence to be active to be really powerful. One thing I think which shows the flaw is if you go on there and have a play around there isn't enough people. The idea of Swam Intelligence could be cool integrated into other platforms where users are active and do exists, maybe even by doing a delay in the swarm that could create more accuracy. Too true re the polling point.