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Coinbase CEO Thinks Stopping ChatGPT Development is a ‘Bad Idea’

Coinbase CEO Thinks Stopping ChatGPT Development is a ‘Bad Idea’

ChatGPT, launched in November 2022, has garnered worldwide attention. The AI app developed by OpenAI has impressed with its uncannily accurate responses, proving its value in the digital asset arena.

However, the app has also sparked controversy. Top AI professionals, including Elon Musk, Steve Wozniak, and Andrew Yang, have reportedly signed an open letter calling for a halt to the development of stronger AI systems. These systems, which are expected to be more powerful than the current generative tool, GPT-4, have been met with opposition. Coinbase CEO Brian Armstrong has voiced his disagreement with this proposed move.

Coinbase CEO shares his views

In a recent tweet, Armstrong argued that there are no “experts” who can make a ruling on this issue and added that “many disparate actors will never agree.” He believes that “committees and bureaucracy won’t solve anything” and that progress should continue because the pros outweigh the cons. He warned people not to let fear stop progress and to be wary of anyone who wants to exert control over AI development

“As with many technologies, there are dangers, but we should keep marching forward with progress because the good outweighs the bad. The marketplace of ideas leads to better outcomes than central planning. Don’t ever let fear stop progress, and be wary of anyone trying to capture control in some central authority.”

Armstrong made these comments in response to an open letter signed by more than 1,100 people, including Ripple co-founder Chris Larsen, Turing Prize winner Yoshua Bengio, director of the Center for Intelligent Systems Stuart Russell, and Stability AI CEO Emad Mostaque. These people have called for stricter rules on AI development, citing significant risks to society and humanity.

However, some individuals, such as former Mastercard product lead for NFTs Satvik Sethi, have speculated that the signatories have a vested interest in the space and are trying to slow down their rivals to gain an advantage. Sethi tweeted that this proposal is like a “non-proliferation treaty but for AI.”

Italy Blocks ChatGPT

Although OpenAI’s ChatGPT has garnered positive feedback, some have pointed out its darker side. Italy is the first country to start an investigation into the chatbot, raising concerns about data breaches. The country’s data protection agency has temporarily blocked ChatGPT, alleging that data privacy rules have been violated. It has also ordered the immediate limitation of data processing for Italian users by OpenAI.