Celebrating a Year of ChatGPT

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As we mark the first anniversary of ChatGPT (they introduced it on 30th November 2022 — see openai.com/blog/chatgpt), it’s a moment to reflect on how this remarkable technology not only reshapes our work and leisure but also mirrors humanity’s ceaseless journey towards innovation and self-understanding. From the primal expression of cave paintings to the revolutionary impact of the printing press, and the advent of telephony to the boundless realms of the internet, WiFi and more, our history is a tapestry of technological breakthroughs. Each advancement has not only transformed how we live and work but also offered a deeper insight into our own nature.

ChatGPT’s emergence is a continuation of this legacy. It’s a technology that’s not just about automating tasks or simplifying workflows; it’s a mirror showing us the complexities of our own intelligence and creativity. As we interact with AI, we’re not just looking at how close it can come to human cognition. We’re also unravelling the intricacies of our thought processes, emotions, and decision-making.

The Intersection of AI and Human Cognition

What makes ChatGPT a landmark in our technological journey is its ability to learn, adapt, and interact in a manner that’s profoundly human-like. This isn’t just about coding and algorithms; it’s about understanding the very fabric of human communication and cognition. As we delve into the realms of AI, we’re also delving into the essence of what makes us human.

This symbiosis between human intelligence and artificial intelligence opens up new frontiers. We’re not just automating tasks; we’re augmenting our capabilities, enhancing our creativity, and expanding our intellectual horizons. ChatGPT, in its essence, is a tool that complements and enhances human ingenuity.

The Future Trajectory of AI and Human Progress

Looking forward, the evolution of AI, particularly technologies like ChatGPT, heralds a new chapter in human advancement. The potential for these technologies to revolutionise industries, from finance to healthcare, education to entertainment, is immense. But perhaps more significantly, AI’s evolution is a journey into the heart of human cognition, offering insights into how we think, learn, and create.

The Poignant Essence of Our Technological Journey

In reflecting on this anniversary, a quote by Carl Sagan poignantly summarises our journey:

“We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology.”

This statement encapsulates the paradox of our times: our deep reliance on technology, yet a profound need to understand its workings and implications.

Conclusion

As we celebrate one year of ChatGPT, we are not just commemorating a technological milestone. We are acknowledging our ongoing quest to understand ourselves through the tools we create. The future of AI, much like the future of humanity, is an uncharted territory of immense possibilities and profound revelations about the very essence of human intelligence and creativity.

AI Analysis of Crypto Outlook Reports
Executive Summary

The findings suggest that the performance of crypto assets is closely tied to technological advancements, market trends, macroeconomic conditions, and regulatory developments. The potential for mass adoption and the influence of big tech companies are also highlighted as significant factors that could shape the future of the crypto landscape.

Outlook for Ethereum and Altcoins

The outlook for Ethereum and altcoins appears to be influenced by a combination of technological advancements and market trends. There is an indication of a potential reversal in Ethereum’s recent underperformance, which could be driven by the ongoing development and deployment of Ethereum 2.0, as well as the increasing use of decentralised finance (DeFi) applications. Additionally, diversifying into altcoins has been identified as a beneficial strategy during Bitcoin bull markets, suggesting that investors may find opportunities for growth outside of the leading cryptocurrency.

Macroeconomic Conditions

Macroeconomic factors such as global growth and monetary policy are identified as critical influencers for the performance of crypto assets. The interplay between central banks’ liquidity injections and the technological boom has created an environment that supports rapid user growth and societal shifts towards technology adoption. These conditions are likely to continue to impact the valuation and adoption of cryptocurrencies.

Crypto and Secular Trends

The intersection of crypto with secular trends is becoming increasingly apparent. The report notes that the crypto industry is experiencing rapid user growth, which is further accelerated by societal shifts towards technology adoption. This trend is expected to continue as blockchain technology becomes more integrated into various sectors of the economy.

Mass Adoption and Big Tech’s Impact

The potential for mass adoption of blockchain and cryptocurrencies is significant, particularly as consumer applications leveraging blockchain technology become more prevalent. The report highlights the potential involvement of big tech companies in the crypto space, which could lead to further legitimisation and integration of cryptocurrencies. Additionally, the gaming sector is identified as a key area for crypto integration, which could drive further adoption among consumers.

Regulatory Cooperation and Standards

The importance of regulatory cooperation and the establishment of standards for crypto assets are emphasised in the report. Investor protection, market integrity, and financial stability are identified as crucial considerations that need to be addressed through comprehensive oversight and consistent application of regulations. International organisations and regulatory bodies are increasingly focusing on these aspects, which could lead to a more structured and secure environment for crypto investors.

Conclusion

The crypto outlook suggests a dynamic and evolving landscape, influenced by a complex interplay of technological, economic, and regulatory factors. While there are challenges to be navigated, particularly in terms of regulation and market volatility, the potential for growth and innovation within the crypto space remains substantial. Investors and stakeholders should remain informed and adaptable to capitalise on the opportunities that arise from these ongoing developments.

Analysis — Deep dive into the reports

Another thing we can do with SIKE is to deep dive into specific reports such as this one where we highlights what’s in the crypto outlook from CoinDesk.

AI Analysis of Crypto Outlook Reports

The report details the following:

Market Performance

The cryptocurrency market capitalisation grew by 90% to $1.69 trillion, with Bitcoin more than doubling in value from its yearly low.

Major Events

The report mentions the aftershocks of major collapses in 2022, the FTX trial and verdict, the Binance plea deal, and the USDC stablecoin’s momentary depegging.

Ethereum’s Shapella Upgrade

Ethereum transitioned to a full Proof-of-Stake network, marking a significant development in blockchain technology.

Institutional Interest

There was a surge in institutional interest, with multiple applications for ETFs and significant growth in the energy used for Bitcoin mining.

Prediction Markets

Platforms like Zeitgeist on the Polkadot network are hosting markets related to the fallout from the FTX collapse.

SocialFi and Institutional Narratives

The rise of platforms like Friend.Tech and the involvement of traditional financial institutions and fintech giants in the crypto space are highlighted.

Regulatory Landscape

The U.S. is still grappling with crypto regulations, leading many projects to launch their products outside the U.S., with Asia taking a central role in the next bull market.

We can even get a further deep dive into areas mentioned above like the major events. Here we ask the model to go into further details about each

AI Analysis of Crypto Outlook Reports

Analysis — Researching Specific Topics

Another type of analysis that can be done is to look up a specific topic and see what the different reports say about it. In this case, we’ll look at the topic of “real world asset tokenisation”.

Here’s what SIKE says:

AI Analysis of Crypto Outlook Reports
Tokenisation of Real-World Assets Growth

The reports indicate that the tokenisation of real-world assets is experiencing growth, with the total value of tokenised assets on public blockchains increasing significantly.

Major Platforms and Challenges
  • Ethereum is a major platform for these assets.
  • The adoption of tokenisation is hindered by the lack of a reliable digital cash system.
  • This leads to the use of off-chain settlements or stablecoins.
Expectations for 2024

In 2024, there is an expectation for a rise in tokenised alternative assets, such as:

  • Intellectual property rights
  • Carbon credits
Blockchain Connection

The concept of connecting asset originators with capital sources via blockchain is becoming more common, with at least 40 tokenisation protocols identified.

Real-World Assets in Crypto
  • Real-world assets in crypto refer to the tokenisation of tangible assets brought on-chain.
  • The TVL associated with RWA protocols is growing.
  • MakerDao and stUSDT being significant contributors.
Impact on Industries

The tokenisation of real-world assets is expected to impact every industry as blockchain technology becomes more widespread, with:

  • More tools and infrastructure available for developers.
  • Some regions achieving regulatory clarity to unlock the full potential of tokenisation.

Conclusion: Embracing the Future of Crypto with SIKE’s Advanced Insights

As we wrap up our extensive journey through the diverse and complex landscape of crypto outlook reports for 2024, a few key takeaways emerge. The crypto world is on the brink of transformative changes, driven by technological innovations, evolving market dynamics, and an increasingly intricate regulatory environment. From the potential resurgence of Ethereum to the burgeoning interest in tokenisation of real-world assets, these reports paint a picture of an industry at a pivotal crossroads.

Our analysis, powered by SIKE — our cutting-edge AI tool, has not only demystified these intricate reports but also distilled them into actionable insights. SIKE’s ability to parse through extensive and varied documents and emerge with coherent, relevant themes and predictions is a testament to its sophistication and utility in the realm of business intelligence.

What stands out in our analysis is the anticipated growth and integration of blockchain technology across various sectors. The potential for mainstream adoption, coupled with the strategic movements of big tech and financial institutions, indicates that we are moving towards a more crypto-inclusive future. Furthermore, the emphasis on regulatory frameworks underscores the industry’s maturation and the need for a balanced approach to innovation and compliance.

SIKE, with its focus on accuracy, privacy, and efficiency, proves to be an invaluable asset for businesses looking to navigate this rapidly evolving landscape. Whether it’s analysing market trends, understanding regulatory shifts, or exploring new technological advancements, SIKE offers a tailored, secure, and insightful way to turn complex data into strategic knowledge.

As we look to 2024, if you’re interested in unlocking the unprecedented opportunities that AI offers, then consider SIKE as your analytical partner to help your business stay ahead of the curve. Get in touch with us at we@notcentralised.com if you want to learn more.

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Mark
Monfort

Mark drives innovation with his deep understanding of AI, blockchain, and data technologies. His experience spans over 15 years of contributions to finance, technology, and operational strategy across Australia, Europe, and North America.

In 2021, he transitioned from Head of Data and Technology at a leading Australian accounting firm to startups. Prior to this, he worked in equity and macroeconomic research in the capital markets space.

Mark brings a passion for data and insights to NotCentralised. His understanding of AI and blockchain technology is central to the development of workplace productivity and financial system modernisation products, including SIKE and Layer-C. Mark’s dynamic and solutions-focused methods enable the navigation of complex technological landscapes and new market potentials.

Mark holds an Executive Master’s and a Bachelor of Commerce. He led the creation of the Australian DeFi Association and serves on the advisory board for the Data Science and AI Association of Australia. His commitment to such communities demonstrates his enthusiasm for emerging technologies and vision of positive change through technology adoption.

Nick
Bishop

Nick spearheads product strategy and institutional business development, leveraging a rich background spanning 23 years in capital markets and financial services across the UK, the US, and APAC.

In 2020, Nick transitioned into startups, bringing extensive experience in asset management and corporate advisory from roles including Director, Head of Australian Fixed Income at Abrdn and Managing Director, Head of Corporate Credit at Gresham Partners. His expertise extends to client management across the government and private sectors.

With a First Class degree in Law and Criminology and Chartered Financial Analyst experience since 2002, Nick is known for his energetic and creative approach, quickly appraising business models and identifying market opportunities.

Beyond his role at NotCentralised, Nick actively contributes to multiple startups and SMEs, holding various Board and advisory positions and applying his institutional expertise to early-stage ventures. Nick is fascinated by emerging technologies with significant societal impact and loves to immerse himself in nature.

Arturo
Rodriguez

Arturo leads product development and software engineering, applying over two decades of experience in technology, capital markets, and data science. With his years of programming expertise, Arturo smoothly transitioned into blockchain, AI, and machine learning.

Arturo has built and sold technology startups across Europe, following quant derivatives roles in global investment banks. His prior experience includes data projects for the NHS in the UK, Strategic Technology Advisor at Land Insight, and Senior Advisor to OpenInsight, where he built predictive models for vessel usage in commodity markets.

A mathematics and statistics graduate from Stockholm University, Arturo’s early grounding in logic problems and data manipulation techniques is evident in his practical applications. His work building equity derivative pricing models for Merrill Lynch and Royal Bank of Scotland showcased Arturo’s highly specialised skillset.

Arturo relocated from London to Australia in 2020. Beyond NotCentralised, his passion for technology and industry involvement extends to the Australian DeFi Association, which he co-founded, and regular contributions to the Data Science and AI Association.