Decentralised AI and blockchain company SingularityNET has partnered with technology giant Cisco to collaborate on developing applied Artificial General Intelligence (AGI) technologies and customer solutions, according to a press release shared with Coin Rivet.
The concept of AGI was first theorised by SingularityNET founders Dr Ben Goertzel and Cassio Pennachin in a 2005 book titled “Artificial General Intelligence”, but only in recent years has it begun to achieve a high commercial and media profile with events such as Google’s 2014 purchase of AGI company Deep Mind for $600 million and Microsoft’s $1 billion investment into OpenAI in 2019.
“These corporate investments into AGI are occurring not only out of a desire to spur rapid progress toward important research and humanitarian goals, but also because AGI capability is expected to provide tremendous commercial benefit to whomever develops it,” said Dr Ben Goertzel.
“This benefit may initially take the form of a generation of ‘Narrow AGI’ systems that infuse general intelligence into products in specific vertical markets like, say, advertising, medical research, computer networking, or financial analytics.”
Cisco is a publicly listed networking hardware company that is based in Silicon Valley. It has a market cap of $210.42 billion and is listed on the S&P500.
“Cisco is an extremely compatible corporate partner for a project that, like SingularityNET, is focused on AGI and decentralisation. Due to the breadth of its business scope, Cisco has a need for AI that generalises and learns across a lot of different vertical areas.
“Also, Cisco is a great pioneer of practical decentralised computer networks. To really build a global decentralised thinking machine, we are going to need to put a lot of complicated ingredients together, and the collaboration between Cisco and SingularityNET has the potential to accelerate things tremendously.”
To see Coin Rivet’s exclusive interview with Dr Ben Goertzel, click here.