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In my quest to unravel the complexities of the mind, I often find myself deep in thought, dissecting ideas as if they were mathematical equations. This analytical approach serves as a self-imposed brainstorming session, pushing me to explore new avenues even when faced with seemingly insurmountable challenges. This is the lens through which I've been examining how creators can leverage AI for their unique needs—beyond the general utilities that benefit everyone.
Welcome to a new issue of Destino, a newsletter for creators in the broadest sense. Whether you're a content creator, an actor sculpting a character, or a carpenter drafting plans, this space is for you.
Recently, I found myself grappling with a critical question: How can AI serve my unique creative needs, instead of making me just another user for tech companies to capitalize on? That's what brings us here today. Stick around as I delve into this intriguing subject matter.
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Artificial Intelligence (AI) has revolutionized multiple fields by offering optimization and automation of processes. It can analyze large volumes of data, identify trends and patterns, and automatically execute tasks. This is beneficial for both companies seeking efficiency in their supply chains and individuals looking to improve their lifestyle. Imagine an app that manages your food inventory: it could monitor what you have in the fridge, learn your eating habits, remind you of expiration dates, generate shopping lists, suggest recipes based on what you have, and even capitalize on offers from local supermarkets.
Consider Angela, a busy person aiming for a healthy diet. An AI-driven app could monitor what she has in the fridge, learn her eating habits, and suggest delicious and nutritious recipes based on available ingredients, taking advantage of local supermarket deals. This is just one example of how AI can simplify daily life.
Creators, regardless of their discipline, can also greatly benefit from AI-powered virtual assistants. These assistants can generate ideas, like suggesting harmonies for musicians or color palettes for artists. They can also assist in optimization, such as analyzing a music track to enhance its sound or providing feedback to a dancer on her posture based on videos. However, finding the perfect assistant can be challenging. Fortunately, there are markets where customizable assistants can be purchased, tools for creating your own assistant, or specialized companies that offer tailored solutions. While popular assistants like Siri and Alexa are more generalized options, they can be modified to meet specific needs. It is vital for creators to be aware of privacy issues related to these assistants and understand how their data is managed. With rapid technological advancement, even more specialized solutions are likely to emerge in the future.
For filmmakers, potters, graphic designers, and all kinds of creators, AI-powered virtual assistants are indispensable partners. Imagine Marcos, an actor working on his character, receiving feedback on his posture based on videos, or Luisa, an engineer, getting suggestions for parts for her next civil work and masterpiece.
Between these two visions of how AI can support creators, an innovative proposal emerges that merges personalization with a collaborative economic model called tokenization. Tokenization has been gaining traction in various markets and sectors, with real estate being one of the most prominent. In the real estate world, tokenization refers to the conversion of a real estate asset, like a building or a plot of land, into a series of digital tokens on a blockchain. These tokens represent a proportional stake in the underlying asset and can be bought, sold, or traded on digital secondary markets. Another advantage is the transparency and security that blockchain offers. Transactions are recorded immutably, providing a clear and auditable history of ownership and associated transactions.
While the quest for the ideal assistant is ongoing and evolves over time, decentralized and tokenized solutions represent an emerging direction that might be the next logical step in this evolution. It's not just about adapting AI to individual needs but also empowering users to play an active role in its development and improvement. Tokenization opens the door to a new way of conceiving the relationship between technology and user, where the community has the final say.
Although popular assistants like Siri and Alexa have their merits, the real magic lies in specialized tools that can be customized according to each creator's needs.
The idea of having a tokenized artificial intelligence proposes a system in which the costs associated with the development and maintenance of AI are distributed among token holders. This structure would allow more people to access advanced technologies at a more affordable cost. The AI itself would have a modular design, where different modules could cater to the specific needs of various types of creators, such as composers, writers, or visual artists. Token holders, in addition to accessing these functionalities, could vote or decide on the updates and improvements that would be implemented in the AI. These tokens would not only grant access to the AI's functions but also represent a tradable asset, giving holders a sense of ownership and control over AI development. From a privacy standpoint, user data decentralization is a potential advantage, allowing each user to decide how to share and use their data.
The tokenized approach proposed here is innovative, as it allows users, through tokens, to influence the personalization and evolution of the virtual assistant. Advantages include economies of scale, continuous customization based on user demand, and an active user community that can collaborate and enrich the ecosystem. However, there are associated challenges, such as coordinating decisions among multiple token holders, ensuring proper AI governance, managing how improvements are made and accepted, and addressing conflicts of interest.
Despite the long-term benefits, initial development could require significant investment. One potential solution to reduce costs and accelerate development could be to adopt an open-source approach, leveraging community contributions and enhancing transparency.
Estimating the cost of a project like this is complex. However, based on ranges related to similar projects, AI development could range between €10,000 and €200,000, depending on complexity. The platform and user interface development might vary between €20,000 and €250,000. Integrating blockchain and tokenization could cost between €20,000 and €150,000. Testing and deployment would add another €10,000 to €50,000, and annual maintenance would be between 10% and 20% of the total development cost. Additionally, there are other associated costs like marketing, customer support, and training. Overall, the project could range between €100,000 and €1,000,000, depending on the desired level of customization and complexity.
These budgets are based on a general understanding of software and AI development projects. Keep in mind these figures are approximate and can vary widely depending on various factors like geographical location, the complexity of the task, custom needs, etc.
A project of this magnitude, with the potential to benefit a wide range of creators, would ideally be managed by an association or consortium that reflects these creators' interests and has the resources to fund and oversee its evolution. It would always be more efficiently approached from one or several already established coordinated associations than from a new creators' association set up for this purpose. Let's look at some entities that might have a special interest:
Artist and Creative Entities: Represent creators from various fields, from music and visual arts to literature and performing arts. Notable examples are the General Society of Authors and Publishers (SGAE) in Spain or the Recording Academy (the entity behind the Grammy Awards) in the U.S.
Design and Architecture Organizations: This category includes professional architecture associations, like the American Institute of Architects (AIA), as well as graphic and multimedia design collectives.
Technology and Entrepreneurship Associations: Situated at the intersection of innovation and technology, entities like the Association for Computing Machinery (ACM) or startup groupings in various territories stand out.
Blockchain-focused Consortia: Collectives like the Enterprise Ethereum Alliance or the Blockchain Association are made up of members enthusiastic about the revolutionary applications of blockchain technology.
Copyright Entities: Organizations like the International Confederation of Societies of Authors and Composers (CISAC) could appreciate an AI and tokenization tool that safeguards and tracks artists' rights.
Publishing and Media Groups: They encompass the editorial, journalistic, and digital media domains and might value the inclusion of tailored assistants for creators.
As we can see, the intersection of Artificial Intelligence, tokenization, and support for creators from all disciplines opens an exciting horizon full of potential. As this new era captures us with its novel requirements, it's essential to remember the power of collaboration and community. Together, we can not only imagine but also materialize a future where technology amplifies our creative capacity, bringing us closer to a more personalized and equitable world.
I'll keep you updated with more thought-provoking ideas in future editions.
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Time’s up! Stay tuned and see you next time,
Eduardo