Modern society runs on data [Economist2017]. Modern artificial intelligence (AI) extracts value from data. More data means more accurate AI models [Banko2001] [Halevy2009], which in turn means more benefits to society and business. The greatest beneficiaries are companies that have both vast data and internal AI expertise, like Google and Facebook. In contrast, AI startups have excellent AI expertise but are starving for data; and typical enterprises are drowning in data but have less AI expertise. The power of both data and AI—and therefore society—is in the hands of few.
Ocean Protocol: Tools for the Web3 Data Economy
