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Crypto Founder Ken DiCross: "I Use AI for Everything, but I Don’t Trust It Blindly"

14 days ago

Ken DiCross, founder of Wire Network—a company focused on blockchain interoperability—is integrating artificial intelligence (AI) into almost every aspect of his business operations. Despite his reservations, DiCross relies heavily on AI to enhance efficiency and productivity. In an interview with Gizmodo, he discussed how AI aids him in various tasks, from creating contracts to stress-testing white papers, and the potential of decentralized AI for the future. DiCross uses AI for managing his schedule, categorizing emails, and conducting searches, bypassing traditional search engines like Google entirely. He finds AI particularly useful for business planning and pitch decks, as it can quickly analyze competitor white papers and identify issues, such as centralization risks or security vulnerabilities. This saves him hours that would otherwise be spent on manual research and analysis. For example, generating a list of concerns for a competitor's white paper takes him only five minutes using AI, compared to an extensive manual process. Recently, AI helped DiCross create a contract for hiring advisors, ambassadors, and consultants. By feeding in the requirements and having the AI categorize them, he was able to draft a base contract promptly, saving significant time and reducing the need for lengthy calls or emails. Although he still reviews the output with legal experts, AI provides a strong initial framework, streamlining the process. In terms of presentations, DiCross no longer creates slides from scratch. Instead, he inputs bullet points, and the AI fills in the details, producing content that is both fast and accurate. This approach extends to his developers, who leverage AI to enhance their productivity, effectively doubling or tripling their output. Consequently, Wire Network no longer needs to hire junior developers, as AI-assisted senior engineers can handle the workload efficiently. However, DiCross emphasizes that he does not fully trust AI. He points out instances where AI has made simple errors, such as failing to solve basic math problems. These "hallucinations" highlight the importance of having human oversight, especially in critical areas like coding. DiCross warns against relying too heavily on AI without proper understanding, as it can lead to security risks or faulty outputs. In his personal life, DiCross uses AI for search and travel planning, eschewing traditional platforms like Yelp or Google. He finds AI searches quicker and more comprehensive, often saving him valuable time. However, the experience isn't always seamless. He notes that AI sometimes fails to provide answers, which can be frustrating and limit its usefulness. DiCross also addresses the concerns about AI collecting and misusing personal data. He agrees that centralized AI systems pose privacy risks, as they can build detailed profiles on users and potentially sell this information. To mitigate these issues, he advocates for the development of decentralized AI. He envisions a future where open-source, decentralized AI tools protect user data, ensuring privacy and preventing censorship. Drawing parallels to the success of Linux in server technology, DiCross believes decentralized AI could become a fundamental component of everyday computing. Industry insiders view DiCross's approach as a pragmatic balance between leveraging AI's capabilities and maintaining critical human oversight. His emphasis on the need for decentralized AI resonates with many in the tech community, highlighting the ongoing debate about data privacy and the ethical implications of AI. Wire Network, founded by DiCross, is poised to benefit from advancements in decentralized technologies, potentially setting a new standard in blockchain interoperability and AI integration. Wire Network is a blockchain interoperability company that aims to connect different blockchain networks, enhancing their functionality and reducing fragmentation. DiCross's innovative use of AI and his push for decentralized solutions align with the company's goal of creating a more interconnected and user-friendly blockchain environment. The future of Wire Network—and the wider crypto and AI industries—may hinge on the successful adoption of these technologies.

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