Web3 Storage in the AI Paradigm
Scalable and flexible storage solutions are now crucial for managing vast, complex data volumes in AI and ML development
It’s been over half a century since Alan Turing’s seminal 1950 paper "Computing Machinery and Intelligence” and John McCarthy’s 1956 Dartmouth Conference, with both representing pivotal moments in the history of AI and machine learning.
Today, technologies that were once only theoretical concepts like Large Language Models have become a fundamental part of our day-to-day lives.
The global AI market, valued at approximately USD 62.35 billion in 2020, is expected to reach USD 997.77 billion by 2028, growing at a compound annual rate of 40.2% from 2021 to 2028. And as the market expands, so does the demand for data in both volume and complexity.
This is largely because as AI and ML models evolve, they need more diverse training datasets to accurately perform advanced tasks. The accompanying graph illustrates this trend, highlighting a significant increase in the amount of data needed for AI from 2015 to 2022, and a matching object storage capacity.
Even with the growing data needs, according to IDC, in 2022, out of the 84% of enterprise data generated for analysis, only 24% was fed into AI and machine learning algorithms. This suggests that there’s still ample opportunities that companies could create by working more closely with AI systems.
By 2025, Gartner anticipates that generative AI will account for 10% of all data produced worldwide - A stark increase from less than 1% today.
Comparing this study with that of IDC’s Global DataSphere Forecast, we can expect that platforms like ChatGPT, DALL-E, Bard, and DeepBrain AI will produce zettabytes of data over the next five years. Furthermore, data centers are projected to become the world’s largest energy consumers, with research suggesting they will account for 4.5% of total global electricity consumption by 2025, up from 3% in 2017.
Monopolisation of AI Resources
But amongst the industry's rapid growth and future promise, there is also a palpable risk of Web2 giants monopolizing the AI sector.
High-profile deals like Amazon's multi-billion dollar investment in Anthropic and Microsoft's partnership with OpenAI exemplify this pattern. Collaborations between major tech companies and AI startups often lock the latter into closed-loops where they can only use specific cloud infrastructures and proprietary technologies. In doing so, only a handful of companies control core components for AI development like cloud infrastructure, advanced chips, and data.
And as with prior acquisitions in the digital market, be it Facebook's purchase of WhatsApp or Google's acquisition of YouTube, these partnerships could lead to a consolidated AI market controlled by a small faction which stifles innovation, limits investment opportunities, and restricts information flow.
The monopolistic control over AI by these firms can also manifest in exploitative practices. They could leverage their dominance to impose high fees for AI resources, limit the visibility of competitors, and manipulate legislative frameworks to their benefit.
To mitigate these issues, regulators should focus more on mergers and partnerships, enforce antitrust laws against unfair practices, and promote fair competition as outlined in the Digital Markets Act.
Structural interventions to reduce Big Tech’s dominance, like breaking up ownership of cloud infrastructure from AI models and encouraging interoperability are all incredibly important factors for an equitable future in AI. Other practices like public investment in AI challengers and supporting a diverse ecosystem are key to ensuring that AI technology serves the public interest rather than a select few.
Web3 Storage for AI
The rise of AI and ensuing societal risks also highlight the need for decentralized storage solutions. Some of the benefits of Web3 storage over traditional, centralized solutions include:
- Better security (as sensitive data isn't stored in a single location), and is less vulnerable to attacks and exploits.
- Data sovereignty, giving users more control over their information.
- Cost-effectiveness, as it uses distributed networks to reduce storage and operational costs.
Generally speaking, the scalable nature of decentralized storage such as that of AIOZ W3S perfectly aligns with the ever-growing data demands of AI systems and applications as they continue to learn and grow.
How web3 solutions can scale as AI grows exponentially
As AI continues to grow and the need for scalable storage solutions becomes more prevalent, Web3 solutions that offer a flexible architecture to address these demands can scale together.
The decentralized nature of Web3 storage means that as more nodes join the network, the storage capacity and the strength of the system increases. This is in contrast to centralized systems, which can become overwhelmed or bottlenecked as demand surges.
Decentralized storage networks can also improve the efficiency of AI applications. By distributing data across a wide network, data retrieval and processing can be done closer to the point of use, reducing latency and improving the speed of AI computations. This aspect of Web3 is especially beneficial for AI applications that require real-time analysis and decision-making, such as those used in autonomous vehicles or real-time medical diagnostics.
AIOZ W3S: Storage for the Future of AI
AIOZ Web3 Storage (W3S) aligns with the core principles of Web3 storage, offering a fully decentralized solution. It provides key benefits such as governance, enhanced security, and scalability - all of which are essential for handling large AI datasets.
AIOZ Web3 Storage (W3S) leverages the network's peer-to-peer nodes for distributed, secure storage, making it ideal for large datasets needed in AI. Its S3 compatibility and lack of a single failure point makes it reliable and easy to use.
Centralized storage systems, while efficient, have limits in data privacy and are vulnerable to outages, as seen in cloud provider disruptions during 2022. In contrast, AIOZ W3S addresses these issues with its decentralized infrastructure, offering benefits such as fast data access, scalability, enhanced privacy, and built-in CDN without added costs.
Straightforward pricing and payment options with AIOZ tokens make W3S user-friendly and cost-effective; versatility makes it suitable for various sectors.
For example:
- Media and entertainment companies can securely store large amounts of content.
- E-commerce platforms can maintain high availability and fast delivery of media.
- DApp developers can use it for decentralized applications.
- Healthcare providers can trust it for sensitive medical data, and data-driven startups can rely on its scalability and affordability.
- Cloud service providers can also offer it as a decentralized storage option to their clients.
Furthermore, for NFT artists, marketplaces, Web3 games, and metaverse applications, infrastructure products on AIOZ Network will next year also include Web3 IPFS (W3IPFS).
Addressing common challenges in IPFS, such as technical complexity and data persistence, W3IPFS provides high-speed, secure, and scalable file storage. It supports unlimited pinned files, low latency, and smart caching, making it ideal for storing and managing NFTs securely within the IPFS network.
Additionally AIOZ W3AI, the AIOZ Network's AI computing infrastructure, further extends capabilities. W3AI enables local execution of AI tasks on user devices, enhancing data privacy and performance.
This comprehensive ecosystem not only supports AI model execution but also facilitates decentralized AI model training and a marketplace for AI models and datasets. Its features, such as local AI task execution, distributed computing, and AI-as-a-service integration, position AIOZ W3AI as a cutting-edge solution for decentralized AI computing.
Building the future of fully decentralized AI computation: Democratized, monetizable, collaborative and secure
Ultimately, the merging of AI with blockchain is something that lies at the heart of the AIOZ Network; we are building towards a more democratic AI landscape with decentralized, distributed computing and enhanced data privacy at its core.
This approach reduces the control Web2 giants impose over AI resources, leading to a more equitable and fair AI future.
Embodying the core values of Web3 since its inception, AIOZ Network is growing an ecosystem that encourages innovation, collaboration, and aims to reduce biases in AI models, making these tools more accessible for posterity.
About the AIOZ Network
AIOZ Network is Web3 Infrastructure for AI, Storage and Streaming.
AIOZ empowers a faster, secure and decentralized future. Powered by a decentralized content delivery network (dCDN), AI computation and thousands of individual nodes run globally, AIOZ rewards you for sharing your computational resources for use in storing, transcoding, and streaming digital media content and powering decentralized AI computation.
