Monthly Archives: August 2023

Web3 promises a decentralized internet built on the blockchain. It is important to understand all the buzzwords surrounding this technology.

Cyber Gear has compiled the most comprehensive (252 pages) and updated glossary. Download your free copy at https://www.cyber-gear.io

According to Sharad Agarwal, Chief Metaverse Officer of Cyber Gear, “In my opinion, Web3 is not so much about technology – Web3 is a mindset. A mindset of collaboration, not competition. Leaders need to think out-of-the-box and collaborate, even with competition, to bake a bigger pie and get a larger slice!”

Web3 promotes a creator-driven economy while at the same time rewarding consumers for their participation, thus ushering in a new era of social networks. Unlike the Web2 paradigm controlled by Big Tech, Web3 envisions an ecosystem of social and interoperable networks where all users can finally own a slice of the financial pie.

Web3 is an umbrella term that encompasses several ideas and futuristic visions of decentralization where community-powered, advertising-free, and self-monetized content will reign supreme. Although Web3 will disrupt many existing Web2-based business models, the creator economy is positioned as the biggest benefactor of this ongoing revolution vis-à-vis a reinvented social media paradigm.

Web3 solves this dilemma, giving back content creators full control and ownership over their content. Harnessing the power of blockchain and cryptocurrencies, Web3 allows creators to tap into numerous monetization opportunities while simultaneously rewarding users for their continued participation and loyalty. This creates a circular economy, free from the restraints of centralized platforms and intermediaries.

For instance, in the existing version of the internet, content creators are often subject to the whims and fancies of the platforms they use to share their content. This leads to several problems like unwarranted content censorship, content demonetization, and even possible deplatforming.

Driven by decentralization, Web3 social networks will transfer power back to the community by giving content creators full ownership of their content. In tandem with other Web3 services, these social networks will facilitate censorship-resistant, ad-free, and creative-centric ecosystems, thus offering equal opportunities for all.

Be it the rise of community-driven global social networks, the increasing acceptance of community-focused DAOs (decentralized autonomous organizations), or the emergence of AR and VR-powered immersive experiences, Web3 social networks are sparking a transformation focused on the community instead of gatekeeper’s interests alone.

When ChatGPT launched in late 2022, it awakened the world to the transformative potential of artificial intelligence. The technology underpinning the powerful new chatbot is one of the biggest step changes in the history of AI. Generative AI is able to create something entirely new, including text, images, audio, videos, and synthetic data.

Big tech companies have been quick to jump on the bandwagon, with Google, Microsoft, Amazon, Meta and others all lining up their own generative AI tools in the space of a few short months.

According to Sharad Agarwal, CEO of Cyber Gear, “Did you know that Nike is transforming from a marketing company into a technology brand?My prediction is that every company will soon have to become a ‘Smart Company’ that is powered by AI. The mass adoption of Generative AI happened because of its ease-of-use in improving overall productivity. Whether you’re eight years old or 80 years old, anyone can use ChatGPT.”

Examples of generative AI models include:

ChatGPT: An AI language model developed by OpenAI that can answer questions and generate human-like responses from text prompts.

DALL-E 2: Another AI model by OpenAI that can create images and artwork from text prompts.

Google Bard: Google’s generative AI chatbot and rival to ChatGPT. It’s trained on the PaLM large language model and can answer questions and generate text from prompts.

Midjourney: Developed by San Francisco-based research lab Midjourney Inc., this gen AI model interprets text prompts to produce images and artwork, similar to DALL-E 2.

GitHub Copilot: An AI-powered coding tool that suggests code completions within the Visual Studio, Neovim and JetBrains development environments.

Llama 2: Meta’s open-source large language model can be used to create conversational AI models for chatbots and virtual assistants, similar to GPT-4.

xAI: After funding OpenAI, Elon Musk left the project in July 2023 and announced this new generative AI venture.

Cyber Gear has documented 450 AI Tools to help organisations become smarter. Every knowledge worker has the potential to use these technologies to increase their productivity.

To realize quick returns, organisations can easily consume foundation models ‘off the shelf’ through APIs.

Download your copy at https://www.cyber-gear.io