Breaking: Tao Bitensor and the Catalyst for an Explosive Rise of AI Crypto
AI crypto will explode over the next weeks and months and it's so obvious why offchain in the likes of open AI they're raising funds even though they've already got A1 billion valuation big companies worth over hundred billion do don't continue to raise funds because no one will invest but in AI they do because AI is the future and we're seeing a huge growth spurt right now but there's big problems with AI offchain and in this video I'm going to break down some of those problems and one project in particular on chain in crypto with a token that you can buy now that could be destined to solve these issues if it can there's an opportunity for this coin to be able to do 100x or more and this time I'm not just here to Hype you up and let's get into today's video now guys while I get my breath back I want you to look at this image and you're like I've seen this image you've shown me like three or four times yeah you're right I'm showing it to you for good reason cuz I want to keep hitting you with this and make you really kind of look at what's happening to the world okay not just this blockchain's going to do this and this the whole world right now is investing money into an area and that area is what AI okay why well because AI is incredibly powerful and you're like yeah okay AI yeah it's going to take over the world and then we're all doomed maybe okay but wouldn't it be great if we got rich along the way anyway AI scaling issues chat GPT in two months gained 100 million users before that no other company really was able to do that and you will see that the spend on hardware and stuff like that is absolutely going to go crazy and you're like why on Earth would all this be happening because AI allows for huge advancements in technology and those advancements will allow companies to continue to develop to be able to cut costs reduce mning Etc and yes that might not be great because lots of people might lose their jobs and I'm sure people are already losing their jobs to AI as we know at the moment we've seen ai go through various situations when you're using Amazon and when you're using Instagram and stuff you are also using AI okay because it's showing you different stuff that you're interacting with same on Spotify you know have you ever like listened to a few songs and then the next song comes up and you're like w I didn't know what that was but I really like that song that's because AI is getting to know your music tastes so simply what must we know right now artificial intelligence Market size is destined to grow and continue to accelerate towards the upside more investment going in all the time more and more people using this particular technology now ai is a very complex subject and I hope hope to at least try and simplify it in this video as well as talk about a project that's going to make it a whole world more exciting and different for us now when it comes to crypto I want you to think about this if something exists already offchain like AI or Finance or whatever else what is the benefit of bringing it on chain and the answer theoretically most of the time should be almost all the time decentralization to take things from a centralized Place into a decentralized place now there's lot of benefits of being decentralized it means that you don't just have one company or one organization that has ownership of everything because that means that the end user ultimately gets manipulated and has a worse deal and it costs them more money and all that kind of stuff AI is no different at the moment you've got lots of different centralized organizations using AI when you're going to use chat GPT that's an AI under open AI if you use Claude like I do that's another AI built somewhere else these AIS don't interact with each other they are just in siloed models they can only learn from the information that's fed into them within those siloed models and they can't interact with each other this causes two problems one first of all it means all that AI information isn't available to everyone else which is kind of unfair but also it means this these AIS would be so much more powerful if they were able to interact with one another to be able to learn more and you're like yeah this is getting really scary and actually the more I talk about it yeah AI does sound pretty scary but there's a project that's basically promising to be able to link all of these different bits and pieces together in a safe and controlled Manner and if you look into this picture you might be able to clue up what it is from this little T that you can see here and of course the project that we're talking about is batza towel batza okay and this project is one of the most complex and confusing projects in the entire crypto space and that's interesting basically bza is hoping to connect the blockchain with artificial intelligence and make the most of these different Technologies by linking them together now why is this so interesting well I've told you before within crypto there's some weird cryptos that come out and suddenly they gain these massive followings and people get really passionate behind them and we saw that previously with xrp in the last ball market and that xrp Army is still huddling ever closer together to feel safer about the fact they're just losing money every day because xrp seems to be piling in but in last year we then saw the arrival of the likes of Casper a new blockchain that gained a huge amount of support and excitement with new people changing their name on Twitter to Casper and all that good stuff we' now seen that starting to arrive with ICP internet computer with one of the favorite Youtubers of the internet computer Jerry Banfield even starting to write rap battles about ICP although I think he did one before about xrp correct me if I'm wrong and now what there's a huge host of people who've now started to figure out that AI is the place that we should be looking and T brenza is the project that overarches all this Theory and why would that be well because when we look at the advancement of AI right now we're talking really about machine learning and deep learning now you're like what does that mean when we're talking about AI I want you to think of this machine learning every time you interact with chat GPT you're asking it questions like you know how does this crypto work or how does that work or how does the weather work or whatever for that AI to be able to give you a response it had to have been fed a bunch of information huge amounts of information have been been fed into this which can cost anywhere between $3 to $30 million which is pretty bloody expensive and now that machine can then go and learn about that information and process its own kind of Concepts about this but there's a difference I think you'll understand between being able to read and regurgitate information and being able to take information and actually give a theory on it and that's what you probably see across crypto most of the time most of it is people taking information and just sending that information back out without actually processing any of the information and giving you what you need back in return which is hopefully what I do and why you should be subscribed if you're not already I think by now this video hopefully will take us to 100K if we're not there already and this particular part that we're talking about right now is a whole process that needs to be managed and this whole process uses an artificial neural network to reach accurate conclusions neural network what does that mean well it means basically a network of different computers that are able to think together in the same that we have a brain with neurons firing on the time but this is all centralized for chat GPT therefore its learning is limited on the capacity or the amount of neurons within that Network okay however if it's decentralized there theoretically is no limitation on the number of neurons that can be connected into one single Network then in theory you can connect to the entire worldwide brain that can be basically able to process that information and obviously more neurons connecting together means a bigger brain and ultimately more intelligent so not only are these brains limited on their size because they can't go outside of that centralized organization but also this makes it very expensive and that means according to this misari report here that the cost of trading models or training AI models is increasing 3100% every single year this is huge why is it happening well because as you probably watched in The Ether video I made the other day of which by the way we're having a pre prale and if you want to get involved in that pre-sale it's going to happen in the Inner Circle linked down below next week so if you want to be able to buy tokens in ether before it even goes live a big discount then get into the Inner Circle link down below so what I touched on last week was this ether basically solves a big problem with a shortage of GPU power there's a specific type of GPU that's used for this deep machine learning stuff coming from Nvidia it's like an h100 if my memory serves me correctly and you need all this computing power obviously as there's of these gpus available and the demand is going up all the time that means that it's costing more and more for these machine learning models to be able to take on data because ultimately the things that feed them are getting more expensive because of the supply and demand model hopefully that's simplified enough but ultimately it proves that the market is booming not only that but this is currently happening because everything is monopolized now if we open it up into a decentralized world where everyone has access it should theoretically start to bring that price curve down a bit which is obviously a positive thing and also give access to more learning models the more learning models are out there the better the overall performance now recently we've seen a big surge in AI specifically bza and then we saw in deepin projects the likes of render and a cache which I've been talking about recently now there's lots of projects out there that calling themselves as AI projects and we want to understand why benser is slightly different in fact very different from all these others you can see that within a machine learning environment there's a lot of projects out there who do specific parts of that machine learning however batza goes through the entire process firstly you start with data collection then data storage and preparation model training and fine-tuning hosting models for interference what does that mean okay let's say if I want to learn to become a football coach first of all what I would go and do would be to go and read some books and maybe watch a few YouTube videos and let's call this the data collection now once I've collected that data in my mind I might then start to write it down and make maybe make a few kind of little video notes to myself or whatever the data storage and preparation following on from this the model training and fine-tuning now basically using all that information and stuff that I've now learned I'm going to go out there and I'm going to start to practice maybe take on board like a youth team and maybe start to teach them and if it goes well um certain things will go well certain things don't go so well this is the fine-tuning part and then eventually I'm going to be like wow I'm pretty damn good at this uh I'm now going to start my own school and teach other people how to be football coaches now this is all roughly through a machine environment the machines need to go out there get access to all of the information the information then needs to be stored through networks like filecoin R weave which I've talked about before they will then feed that information into the likes of Jensen Etc to be able to F tune and tweak this information to be able to prepare it and use this information correctly and then once that model has been created once that information's there and ready to use then it needs to go out into the market betza does all of this so all of these cryptos you see here Pretender basically Stacks all this together and goes through the whole process itself which no one else out there is really doing which makes this very cool and ultimately something we should pay attention to more now something else that's really important is a difference between training and inference training as we've just talked about it's much easier for us to do training okay it's much easier for us to go out read books watch YouTube videos and take on that information to actually take on that information and then go and make a decision with it for example I watched these 10 different YouTube videos about these different crypto coins and then I went and read all this information about the upcoming market trends and all that and now I've kind of decided that maybe it's best to invest in this one and this one that's my inference part training versus inference it's a very big thing to overcome okay most new projects aren't really dealing very well with this inference problem and that's probably what separates the successful from the less successful because this takes a huge amount of money and a huge amount of time to be able to do properly and it's what chat GPT has managed to do and is perhaps lagging still for the likes of Penza so simply let's start to think about how Penza works against how open AI Works open AI basically takes the information that it's been fed and then goes into a chat GPT computer program and then gives you the output that's why if you go to chat GPT right now and you say should I invest in Bitcoin today it's not going to know the answer it's also going to give you some about why it's not allowed to give you that information and stuff like that but ultimately it's only held within that very narrow field of vision pretends is not like that because through its decentralized nature it can get its input from The Real World now think about chain link like this where it has oracles reporting on what's happening in the real world imagine you're watching a football game and you have multiple people within the stand reporting on the score of that football match the score is more likely to be accurate because you have multiple people feeding that information in think about this with Penza instead though of having these Oracles of people just watching the football game you've got AI models that are learning this information and they're starting to put their information together and they're then going to feed that into the output does that make sense hopefully that makes sense okay this is the last technical image that we're going to look at promise okay cuz I know it's probably getting a bit too heavy it's definitely getting too heavy for me so what we can look at is this basically bza has a bunch of miners out there which are machine learning nodes remember like the individual sat in the stand around the football pitch and these nodes are then compensated by the blockchain nodes or validators these validators are basically saying yes this information that's coming in is correct uh analyzing that information in order to be able to feed it into the network making sure that the information is coming from the right place and not any Bad actors or people trying to feed in wrong information now in order for all this to work the miners that are watching that football game are all basically being paid in towel tokens to be able to provide that information and the validators are then saying yeah this person should be trusted or that person should be trusted because they've got good knowledge of this football match that's going on they're then incentivized with towel tokens to be feeding back on the best information that comes from the miners now as you would expect Bender is obviously doing a huge amount of work like lots of crypto projects we find ourselves looking at this as an investment opportunity with a mixed idea the idea is brilliant very very powerful very very exciting now there's upcoming subnets going on with Penza where for your specific spefic demand within the world of AI you can go to use their different subnets this is also very cool because it means that you can get a bespoke model for use on your website or anything like that now here are some of the early projects that are being put onto bza however watching a bza video from coin cider who makes some pretty good detailed technical videos he was talking about these projects not really being anything near like what we see already from the likes of chat GPT however in terms of potential Catalyst that could see the price of bza exploding it seems to be the neural networks are the one remember that being like the world kind of think if all of these different neural networks are connecting to one another and thinking together then this is what will make Penza so much more valuable than anything else out there but obviously it's a difficult thing now batza is backed by some of the biggest names in Venture Capital such as GSR polychain uh and a few others and it's going to likely continue to Hoover up money it's going to be a very money hungry project that's why we're seeing already likes of chat GPT and others hoovering up cash now from a token on perspective baten are very much like Bitcoin which goes through various harving has like a 256 year life cycle and something like21 million in tokens which means when we come across the coin market cap and we look at the circulating Supply you're like oh well it's only like 30% so that's really okay this is something that lots of people do and I think people use this to try and sound like they know what they're talking about fair enough but actually what we need to understand is this doesn't mean that tomorrow 71% of these tokens are going to arrive on the market remember 256 years these tokens after the next Haring event will not really see much increase at all for at least the next sort of 10 years or so so current market cap valuation which is $1.8 million we know that they're doing something that could blow open AI out the water and then to go full circle open AI is trying to raise new funding and it's already got its valuation at $100 billion you thinking what I'm thinking well of this valuation you would anticipate the $1.8 million to being worth around that is somewhere up towards the kind of 80x level now if open AI goes and raises another like tens of billions of dollars then you could anticipate that this is more towards the kind of 100x remit is it possible that Penza can go and do a 100x in this bull market I think it's very bold to think that it can happen but there's very few cryptos out there with the billion doll range plus that are looking to do a 100x right now and I do think that bza even with this kind of current circulating Supply situation bearing in mind that it's going to be drawn out for years does have this opportunity but it is but just an opportunity okay it's not guaranteed nothing in crypto is guaranteed it's very very ambitious they need to continue to raise funds it's going to be a very difficult Troublesome Market I don't don't think it necessarily can happen in time for the top of the bull market so potentially towards 2030 and Beyond maybe we could look at this occurring you also have to wonder whether some of the big names in the game are going to allow bza to come and compete with them like this there's going to be other problems with mass adoption there's going to be other problems with decentralization Etc but the idea is effectively what we' be investing in now let's jump across and look at the chart right now something interesting that I've been talking about now it's currently Wednesday I'm aware this video might go live probably tomorrow on Thursday CU I'm going to be away for a few days uh we can see that we have been kind of slowly coiling towards the downside in in lots of coins uh because obviously we saw Bitcoin having that cool off now Bitcoin currently sat at 40K I do think that it's currently going to bounce around here and probably won't see a huge amount more downside but I could be wrong if it does take more downside then you're looking to somewhere around the 32 to 33k remit uh and then from there that's where I would expect the bounce so whether we bounce here or there but it's notable when Bitcoin starts to recover today the first projects that we see recovering along with it are AI projects that's very key cuz remember the next iteration of the bull mark we're going to see this Phase 2 disbelief rally Front Runners with great onchain fundamentals growth will take the charge okay basically key narratives will start to take the charge of which quite clearly AI is the key narrative which is kind of like also supported and backed up by deepin which I've talked about a lot on this channel now we did have that kind of significant pullback into this kind of buy Zone area down towards $219 and yeah Penza is kind of expensive considering where it was if we look back to October where it was just 38 bucks and people people who were early enough to get in back there will be very happy because they were up around 8X at one point currently they're still up around 5 or 6X but personally I want exposure to AI so anywhere considering that kind of valuation potential that we've got somewhere around this kind of $235 level would be quite healthy if we do get that pullback in Bitcoin uh I think that's going to basically give us an opportunity but we are looking now that we have had this break Beyond this kind of falling wedge pattern we broke up we retested we're now on the move next kind of area of resistance around 324 next area 386 uh and then we're kind of into uh clear air and I think that poens is going to have a killer killer one now I'll be clear I've invested a little bit into tal bartenza not my entire net worth but a good couple of percent and maybe I will start to put more allocation in there as time goes on if we get further dips Etc now guys I appreciate that there is a huge amount of information I've shared in that and I get that for some people that won't be technical enough and you will need to continue to go down more technical routes but my channel is more about giving a broad brush experience allowing people who are new and don't understand crypto so well to get involved in more technical projects and hopefully have them broken down to a more simplified version because I'm a simple person if you enjoyed it I would love it if you could subscribe and hit the like button and I will see you very soon in another video bye-bye
Comprehensive Description and Analysis
In this transcript, the speaker discusses the explosive rise of AI crypto and its potential future. The speaker highlights the growing interest and investment in AI, explaining its power and ability to revolutionize technology. However, they note the current limitations of AI, particularly in offchain settings, where different AI models operate in isolated silos and cannot interact with each other.
The speaker introduces the project Batza (Tao Bitensor) as a solution to these problems. Batza aims to connect the blockchain with AI, enabling decentralized and collaborative AI models. The speaker explains the significance of this project in the context of other AI-focused cryptocurrencies and emphasizes Batza's unique approach in covering the entire process of AI, from data collection to model training and fine-tuning.
The speaker also discusses the challenges of training and inference in AI and highlights Batza's ability to receive input from the real world, similar to Chainlink's oracles. They explain how Batza incorporates machine learning nodes and blockchain validators to ensure accurate information flow and incentivize participation with its Towel tokens.
The speaker acknowledges the complexity and ambition of Batza's goals and considers the potential for its exponential growth. They compare Batza's market cap to that of Open AI and speculate on the possibility of Batza achieving a 100x return, although they note the challenges and uncertainties in the market. They also discuss the backing of Batza by notable venture capital firms and discuss the potential of AI projects in the current crypto market.
FAQs
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What is Batza (Tao Bitensor)?
Batza is a project that aims to connect the blockchain with artificial intelligence, enabling decentralized and collaborative AI models.
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How does Batza differ from other AI-focused cryptocurrencies?
Unlike other projects that focus on specific aspects of AI, Batza covers the entire process, from data collection to model training and fine-tuning.
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What is the significance of Batza's decentralized approach?
By decentralizing AI, Batza allows for collaboration and interaction between AI models, leading to more powerful and efficient outcomes.
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How does Batza incentivize participation?
Batza compensates machine learning nodes with Towel tokens for providing information, while blockchain validators ensure the accuracy and trustworthiness of the data.
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What is the potential for Batza's growth?
While the potential for exponential growth exists, the market is uncertain and challenging. It is important to approach investments in Batza and other cryptocurrencies with caution.
Conclusion
The explosive rise of AI crypto presents significant opportunities and challenges. Batza (Tao Bitensor) offers a unique approach to connecting the blockchain with artificial intelligence, enabling collaborative and decentralized AI models. While the project's goals are ambitious, the potential for exponential growth and innovation is notable. However, it is important to approach such investments with caution, considering the uncertainties and complexities of the market.
