This is a huge opportunity for investors⦠[The Jolt with Stephen McBride] AI's future hinges on crypto Tonightâs the big night. By the time you wake up tomorrow, bitcoinâs (BTC) big âhalvingâ will be complete. If youâd like to join my RiskHedge Venture crypto advisory, nowâs the best time to do so. [Go here to review the details of the special pre-halving deal now available.]( It ends tonight when bitcoin âhalves.â Today⦠weâre talking about artificial intelligenceâs (AIâs) future. This future could be very bright⦠or very dark. It all hinges on crypto. The intersection of AI and crypto, while not well understood, is a huge opportunity for investors. - Why do the most powerful tech companies want to regulate AI? ChatGPT creator OpenAI, Google (GOOG), Microsoft (MSFT), and Amazon (AMZN) are all calling for a government clampdown on AI. Look at the headlines: Sources: Financial Times; The New York Times; CNN; The Wall Street Journal This legitimately scares me, for reasons I first explained [here](. AI is the most important tech breakthrough since the internet. It can give us personalized AI tutors that turn our kids into straight-A students (already happening). Itâll create robo-chemists who invent new lifesaving drugs. And self-driving cars that save thousands of lives a year. It can also create trillions of dollars in wealth for businesses and investors. But if regulators smother AI in its crib, forget about progress. Innovation will be strangled by red tape. - Never forget why big companies LOVE regulation. Take Obamacare. It was supposed to rein in costly health insurance. Turns out, it was the best thing to ever happen to healthcare stocks. The Affordable Care Act passed in March 2010. Since then, UnitedHealth (UNH)âAmericaâs largest health insurerâhas surged 1,600%: Remember when investors worried looming regulations would crush profit margins for Wall Street banks? Americaâs largest bank, JPMorgan (JPM), has gained 456% since Dodd-Frank financial regulations were pushed through 14 years ago: Big companies have the kind of money needed to hire armies of lawyers to comply with regulations. They love complex, burdensome laws because they lock out the small disruptors. Iâll hand it to them, itâs a great business strategy. But itâs also evil. We canât let them get away with it. Not only because it will stifle innovation. Itâs downright dangerous, as we saw in February with [Googleâs Gemini calamity](. Remember, Google fine-tuned an AI model that refused to depict white people. This wasnât a silly mistake. The AI worked as designed and reflects the political leanings of those who built it. This is why we must fight to keep AI open. If âBig AIâ wins, a handful of companies will be able to censor what we see online. These companies are unlikely to be staffed by freedom lovers and truth tellers. Soon, every schoolkid will get their information from AIs. Think of the consequences if those AIs are biased like Gemini. A propagandistâs dream. - Only crypto can save us. [Last week, we discussed how blockchainâthe technology behind bitcoinâis being used in the real world.]( Blockchain is the key to keeping AI open. Simply put, itâs big techâs kryptonite. Remember, blockchain allows strangers to do business without knowing or trusting each other. Bitcoin employs this tech for a monetary purpose. It gave us money that wasnât controlled by any company or country. Now, one small crypto is using blockchain to build and train AI systems that arenât controlled by giant corporations. It works just like ChatGPT. Users type to talk to it, and it talks back. The big difference is how it functions behind the scenes. ChatGPT is powered by a few giant centralized data centers around the world. Whereas this blockchain-based AI is decentralized. It runs on a vast network of individual computers spread across the globe. - Blockchain: What is it good for? Thatâs every crypto skepticâs favorite question. I donât know what to tell investors who still give bitcoin the âside eyeâ after its 13,000% runup. I hate to say it, but crypto is probably the only tech that can save AI from being monopolized by big tech. AI is currently a game of kings. Only cash-flush tech giants can play. Thatâs because training really smart models requires absurdly expensive amounts of computing power and data. Blockchains essentially connect independent computers into one powerful network. By marshalling these decentralized resources and allowing them to combine their might, they can challenge big tech. This allows individual people to directly contribute toâand profit fromâtechnologies like AI. For example, a crypto project I recently recommended inside [RiskHedge Venture]( is working to get millions of people around the world to pool their data and compute together to build the worldâs best AIs. Anyone can build or contribute to AI models on the network. They can get paid when their model or data is used. We need to keep AI in the hands of the many, not the few. Millions of AIs should be competing with each other. This blockchain protocol is helping achieve that. We added it to the RiskHedge Venture portfolio last month. Our work suggests it could be one of the biggest winners in crypto over the next 6â12 months. [Go here to see how you can access this recommendation and my entire Venture portfolio.]( And remember, bitcoin officially âhalvesâ tonight. At midnight, your special âpre-halvingâ deal will expire. Iâd love to have you onboard, but only you can decide if Venture is right for you. [Go here to make your decision.]( Stephen McBride
Chief Analyst, RiskHedge PS: Iâm holding a live âAMAâ sessionâthe Post-Halving Roadmapâfor Venture members only on Wednesday at 10 am ET. If youâre wondering what happens next or what to do once the halving is over, youâll want to tune in. [Click here to see everything else that comes with your pre-halving membership.]( Suggested Reading... [Watch Stephen
at SIC 2024](
Â
[The ultimate "middleman" killer...]( If someone forwarded you this email and you would like to be added to our email list to receive the Jolt every week, [simply sign up here.](
This email was sent to {EMAIL} as part of your subscription to The Jolt.
To opt-out, please visit the [unsubscribe page](. [READ IMPORTANT DISCLOSURES HERE.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. Copyright © 2024 RiskHedge. All Rights Reserved
RiskHedge | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034