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Top 10 Web3 Trends To Follow In 2023 To Scale Your Business

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Top 10 Web3 Trends To Follow In 2023 To Scale Your Business

Here are the top 10 web3 trends that marketers and business owners will need to be aware of in 2023

Since 2020, digital currencies have begun their establishment on the global market. Also, the blockchain, cryptocurrency, metaverse, and NFT products started developing actively. Along with these technological advances, there are a lot of discussions on Web3, the new generation of the internet. Web3 will also make use of machine learning and artificial intelligence to help empower more intelligent trends and adaptive applications. Web3 embraces decentralization and is being built, operated, and owned by its users. Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership. It is the next stage of innovation with the internet. This article features the top 10 Web3 trends to follow in 2023 to scale your business.

Decentralized Technology: In Web 3.0, blockchain will exercise Peer-to-Peer (P2P) technology principles. Web3 is decentralized: instead of large swathes of the internet controlled and owned by centralized entities, ownership gets distributed amongst its builders and users.

Increased sustainability mindset: It often requires enormous amounts of energy to operate a blockchain; this has been one of the most (justifiably) significant hurdles to the technology’s widespread adoption. But we’re increasingly seeing web3 companies emphasize eco-awareness in their business models.

Artificial Intelligence: AI, is one of the most important Web3 innovations, Artificial Intelligence and Machine Learning are other key features of Web3 with growing importance in artificial intelligence and Machine Learning. It uses a variety of techniques like pattern learning and AI technologies as well as data to link people and create new content.

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3D Interactive Web Technology: Web 3D refers to interactive 3D technology that one can use through a web browser. 3D interactive web technology in Web3 will include virtual identities, interactions, and many more, which will grow in use.

The Social Web: In Web3, social media will be largely defined by decentralized technology. A Web3 social platform is inseparable from NFTs as a vehicle that allows creators ownership of their creation and an access pass for holders.

BAAS: BAAS, which stands for Brands as a Service, is a brand-new trend in blockchain technology. It is a cloud-based service that enables customers to work with the blockchain to create digital products. It is a regulated industry and for businesses and consumers to interact with these financial services they need to gain access to banks.

Flux: Flux is the trustless data layer for web3. Flux is a cross-chain oracle that provides smart contracts with access to economically secure data feeds on anything. With the help of Flux, one can develop Web3 applications and decentralized projects.

The Semantic Web: The term “Semantic Web” refers to W3C’s vision of the Web of linked data. The Semantic Web involves web principles that are extended from documents to data, like that of a data web.

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NFT’s will Power up the Web3 Movement: To date, many NFTs have been little more than works of digital artwork with staggering costs; this lack of practical functionality has been a core reason why some believe that NFT peddlers are scam artists, and that the NFT industry as a whole is a giant bubble that will inevitably pop.

Low Code Application Building Software: Low-code development is a visual drag-and-drop technique for development that enables enterprises to build applications considerably faster and with less hand-coding. As Web3 has stepped in, the trend of wiping out the low-code or no-code app creations has sprung up.

The post Top 10 Web3 Trends to Follow in 2023 to Scale your Business appeared first on Analytics Insight.

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AI Bot ChatGPT Passes Law And Medical Exams With Human Help

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AI Bot ChatGPT Passes Law And Medical Exams With Human Help

The Open AI chatbot ChatGPT Passes Law and Medical Exams with the help of Humans

The research release version of San Francisco-based OpenAI’s AI-powered chatbot ChatGPT has passed several exams. In this article, we have explained how the AI bot ChatGPT passes the medical exams and law exams. ChatGPT passes law and medical exams with human help from the University of Minnesota courses.

The Chatbot passes exams including law exams from the University of Minnesota courses, parts of the US Medical Licensing exams, and an exam from the University of Pennsylvania’s Wharton School of Business.

Although the chatbot passed these tests, it did not always do so with flying colours and occasionally required human assistance to complete the tasks.

Would Chat GPT3 Get a Wharton MBA? a research article, was published. The chatbot’s performance was evaluated by researcher Christian Terwiesch using a test that MBA students typically take.

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Terwiesch claimed that ChatGPT performed “amazingly” when it came to fundamental inquiries about its subject but occasionally made “surprising blunders” in computations appropriate for middle school. Although ChatGPT could occasionally change its answers in response to hints, it was still unable to answer particularly complex questions.

The announcement follows Sam Altman, CEO of OpenAI, denying rumours that the forthcoming ChatGPT version would be significantly more advanced than the one that has been available for public testing since December 1, 2022.

Academics and test administrators have cautioned against the risks of students utilising ChatGPT to submit plagiarised essays or cheat on exams, while businesses are developing a variety of methods to identify the usage of AI-based technologies in submitted work.

The post AI Bot ChatGPT Passes Law and Medical Exams with Human Help appeared first on Analytics Insight.

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Top Tech News Today: A Rival AI Chatbot To OpenAI’s ChatGPT Will Be Unveiled By Baidu! White House Unveils Plan To Tackle Cryptocurrency Risks, Calls For Increased Enforcement

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Top Tech News Today: A Rival AI Chatbot To OpenAI’s ChatGPT Will Be Unveiled By Baidu! White House Unveils Plan To Tackle Cryptocurrency Risks, Calls For Increased Enforcement

Baidu intends to introduce a chatbot AI service similar to OpenAI’s ChatGPT! Read more tech news

Good morning tech fam, here are some quick tech updates for you to catch on to!

What’s New Today: Elon Musk is Having Sleepless Nights from Working All Day to Oversee His Five Businesses.

Fast-Track Insights: Former PBOC Member Slams China’s Cryptocurrency Restriction and Expresses Concern that China May Miss Out on Financial Development Prospects.

According to an anonymous source familiar with the topic, Baidu, China’s largest search engine business, aims to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s popular ChatGPT in March. The tool, whose name has yet to be determined, will first be integrated into Baidu’s primary search offerings. Users will also be able to access conversational search results, similar to OpenAI’s platform. The announcement of Baidu’s plans boosted shares by 5.8 percent, the greatest intraday gain in over four weeks. Baidu has recently invested billions of dollars in AI research as it seeks to migrate from online marketing to deeper technology. According to Bloomberg, the company’s Ernie system, a large-scale machine-learning model that has been trained on data over multiple years, will be used.

Elon Musk is having sleepless nights from working all day to oversee his five businesses. Elon Musk presently owns four firms in addition to Twitter: SpaceX, Tesla, The Boring Company, and Neuralink. Elon Musk, the billionaire, currently owns five companies and works tirelessly to run them. Musk admitted in a recent tweet that he works all day. “I work all day, then come home and playwork simulator,” Musk stated in a recent tweet. Musk presently owns four firms in addition to Twitter: SpaceX, Tesla, The Boring Company, and Neuralink. Regardless, Musk’s current focus is on Twitter, which is experiencing financial difficulties. Musk has repeatedly stated that he is working tirelessly to turn Twitter, or “Twitter 2.0,” into a successful business.

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Google has unveiled “MusicLM,” a new AI system that can make high-fidelity music in any genre given a language description. However, the firm is concerned about the hazards and has no plans to release it anytime soon, according to TechCrunch. Google isn’t the first to experiment with generative AI for songs; others have included Riffusion, an AI that composes music by picturing it, Dance Diffusion, Google’s own AudioML, and OpenAI’s Jukebox. However, due to technical limitations and a lack of training data, none of them have been able to produce songs that are exceptionally intricate in composition or high in fidelity. According to the study, MusicLM may be the first to do so.

The White House has issued a roadmap requesting that authorities strengthen enforcement and regulatory measures in the crypto sector. The Biden Administration highlighted its plans to handle possible cryptocurrency hazards in an official blog, calling for authorities to “scale up enforcement where appropriate” and Congress to “step up its efforts” to regulate the industry. The piece begins by mentioning some big failures in the crypto sector that occurred last year, such as the implosion of Terra’s algorithmic stablecoin UST, which triggered a wave of insolvencies. It also mentioned the collapse of FTX, once the world’s third-largest cryptocurrency exchange, which resulted in billions of dollars in damages for consumers.

Former People’s Bank of China (PBoC) monetary policy member Huang Yiping has expressed concern about China missing out on financial development prospects as a result of the country’s ban on cryptocurrencies. In his opinion, prohibiting cryptocurrency-related activity was feasible in the short term. By outlawing cryptocurrency, people risk missing out on enormous potential opportunities. He admits that cryptocurrency has resulted in new digital technologies. Yiping reaffirmed his position on virtual currency adoption, claiming that they are still important to the traditional banking system. Despite the fact that citizens are permitted to hold digital assets, China’s relationship with cryptocurrency is icy.

The post Top Tech News Today: A Rival AI Chatbot to OpenAI’s ChatGPT Will Be Unveiled by Baidu! White House Unveils Plan to Tackle Cryptocurrency Risks, Calls for Increased Enforcement appeared first on Analytics Insight.

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Artificial Intelligence And Cryptocurrency: The Rise Of AI-Focused Projects In 2023

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Artificial Intelligence And Cryptocurrency: The Rise Of AI-Focused Projects In 2023

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar.

There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects

During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of Dec. 2022, the search term reached its highest Google Trends score of 100. It’s safe to say that the world has become increasingly focused on artificial intelligence (AI) since the release of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past two months, the Openai platform Chatgpt or GPT-3 has become a widely used AI phenomenon.

Google Trends shows the worldwide score for the search term “Chatgpt” was 100 during the week of Jan. 22-28, 2023, and it has been rising since the first week of Dec. 2022. Reports also show that Microsoft has entered the third phase of its long-term partnership with Openai through a “multi-year, multi-billion dollar investment,” said to be as much as $10 billion in funding. The growing trend in artificial intelligence (AI) and demand for the technology has spilled over to blockchain projects integrating AI into their protocols.

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For instance, a crypto asset created by the project singularitynet.io has seen its native token AGIX rise 293% in the past month. Although singularitynet (AGIX) was down more than 6% on Jan. 29, 2023, it has increased 17.5% over the past two weeks. The project aims to support the next generation of decentralized AI. Another blockchain-powered AI project, Vectorspace AI (vspb.science), has a token called VXV that has risen 95.9% over the past month. The Fetch.ai project has experienced similar demand over the past four weeks.

Over the past 30 days, the Fetch.ai project’s FET token has risen 212% against the U.S. dollar. The Fetch.ai team says the project creates “autonomous agent technology” for peer-to-peer applications with automation and AI capabilities, with or without direct blockchain access.” Another AI-based blockchain project, Ocean Protocol, and its OCEAN token have risen 130% against the U.S. dollar in the past 30 days. Ocean Protocol, named a technology pioneer by the World Economic Forum, aims to unlock data at scale through encrypted data monetization.

It is uncertain how long the demand for AI-based crypto assets and the popularity of these tokens will last. All of the AI-related crypto assets are currently ranked below the top 75 in terms of market capitalization and have recently seen price surges due to increased interest in AI/Chatgpt.

Tags in this story

AGIX, ai, AI/Chatgpt, Artificial Intelligence, Blockchain, Chatgpt, cryptocurrency projects, Dall-E, Deep AI, encrypted data monetization, FET, Fetch.AI, Funding, Google trends, increased interest, Interest, Jasper Art, long-term partnership, Market Capitalization, Microsoft, multi-billion dollar investment, multi-year, Nightcafe, OCEAN, Ocean Protocol, openai, Protocols, Singularitynet, singularitynet.io, Starry AI, Surge, technology pioneer, U.S. dollar, Vectorspace AI, vspb.science, VXV, World Economic Forum, worldwide score

What do you think is driving the surge in demand for AI-focused cryptocurrency projects? Share your thoughts in the comments below.

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Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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