Corporate AI could undermine Web3 and decentralization — Industry observers

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AI could be beneficial or harmful and could even prevent the emergence of Web3.

Artificial intelligence has the potential to usher in a new era of tools and technologies that will benefit people and their communities, creating new economic opportunities and accelerating creativity and innovation.

Illia Polosukhin, co-founder and CEO of Near Foundation, explained to Cointelegraph why AI poses a risk to open systems. Polosukhin points to Microsoft, a leader in the AI race, which has, at various times, pursued anti-competitive practices. In 2001, the United States brought an anti-trust lawsuit against Microsoft for attempting to monopolize the web browser market.

“You will not be able to escape that kind of system, and you will think that’s actually what you want,” said Polosukhin.While the monopolization of software and media platforms is one risk factor concerning Near’s founders, Donovan predicts that AI could accelerate social media’s worst tendencies. “You will not leave Google. You’ll not go to smaller pages. You will not give them any revenue anymore. All the publications will have less and less traffic from Google,” said Polosukhin.Having discussed negative scenarios at length, Cointelegraph asked Polosukhin to discuss some potential advantages AI can bring.

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