We had an incredible time at the Foresight 2024 event in Hong Kong! Our Head of Engineering, Regan Peng, delivered an insightful speech on the AI + Crypto panel, discussing the significant impact of data in the AI age and the critical role of user data ownership. Here are some highlights from his speech and the panel discussions:
Highlights from Regan Peng’s Speech
1. Data as the New Goldmine
Regan began by emphasizing the immense value of data in today’s AI-driven world. He shared a striking example of Reddit’s deal with Google, where Google pays $60 million annually for Reddit’s data. This highlights the vast economic potential of user-generated data.
2. User Data Ownership and Monetization
Regan challenged the current paradigm where big companies monetize user data. He advocated for a shift where users are rewarded for their data contributions. This principle is central to PIN AI’s mission, where data connectors help build user-specific indexes, enabling AI agents to execute tasks based on personalized data while maintaining privacy.
3. Enhancing AI Models with Personalized Data
Regan discussed the limitations of current AI models, which often become stale with fixed weights. He emphasized the need for feeding personalized data into models to enhance their understanding and efficiency in executing user-specific tasks.
4. Privacy and Security in Data Processing
Highlighting the importance of data privacy, Regan spoke about using PCC (Privacy-Preserving Computation) and TE (Trusted Execution Environment) for secure data processing. These technologies are crucial for maintaining user privacy while leveraging AI’s capabilities.
5. The Future of AI and Crypto
Regan expressed optimism about the future of AI and crypto, predicting an ecosystem that drives billions of dollars into the network. He likened crypto to the glue that can drive the flywheel of this ecosystem, fostering sustainable growth and innovation.
6. Practical Applications and Daily Tasks
Regan shared his vision of AI assistants that can handle daily tasks efficiently while preserving user privacy. He highlighted the potential of AI to significantly improve productivity and user experience across various applications.
Watch the Full Panel Discussion
For those who missed the event, you can watch the full panel discussion, including Regan Peng’s speech, starting at hour 5 on Alltuu.
Thank You!
A huge thank you to everyone who attended and participated in the discussions. Your engagement and questions made this event truly special. We look forward to continuing these important conversations and driving innovation forward.
Stay tuned for more updates from PIN AI as we continue to explore the exciting intersections of AI and blockchain technology!
Feel free to make any additional adjustments or provide more details if needed!
Comments