Discover Venice AI: Erik Voorhees’ Latest Innovation
Erik Voorhees, the founder of ShapeShift exchange, has ventured into a new project called “Venice AI.” This innovative platform introduces a privacy-centric generative AI chatbot, addressing the rising concerns about privacy in both the cryptocurrency and artificial intelligence (AI) sectors. Voorhees is concerned about the control large tech companies have over AI technologies, aligning closely with governments. He advocates for open-source decentralization to combat a potential dystopian future. Through Venice AI, users have an alternative choice for open-source AI solutions.
Voorhees’ Transition to AI
In 2014, Voorhees launched the ShapeShift cryptocurrency exchange. However, in July 2021, the exchange shifted to become an open-source decentralized exchange (DEX), transferring control to the ShapeShift DAO. After a legal battle with the Securities and Exchange Commission, ShapeShift agreed to a fine and complied with a cease-and-desist order, prompting Voorhees to focus on developing a permissionless, decentralized AI model.
- ShapeShift moved from a cryptocurrency exchange to a DEX controlled by ShapeShift DAO.
- Legal issues with the SEC led to a shift in Voorhees’ focus towards decentralized AI.
The Privacy Focus of Venice AI
Venice AI, Erik Voorhees’ latest creation, prioritizes user privacy by not storing user data or accessing user conversations. User input is securely transmitted through an encrypted proxy server to a decentralized GPU, where the AI model operates before returning the response. This process ensures security and anonymity, with the GPU only processing the specific prompt and not the entire user conversation. By avoiding central repositories, Venice AI stands out from other AI platforms which store user conversations tied to their identities.
- Venice AI does not store user data or access conversations for enhanced privacy.
- Input is sent to a decentralized GPU for processing, preserving security and anonymity.
Enhanced Features with Venice Pro
Users can enjoy additional features by subscribing to Venice Pro, such as higher message limits and prompt modification. Priced at $49 annually, Venice Pro offers unlimited text prompts, removes watermarks from generated images and document uploads, and allows users to deactivate Safe Mode for unrestricted image generation. While digital currency payments for Venice Pro subscriptions are not yet available, Voorhees has confirmed that this feature will be implemented soon.
- Venice Pro offers unlimited text prompts and advanced features for subscribers.
- Digital currency payments for Venice Pro subscriptions are planned for the future.
Integrating with Morpheus Token and MetaMask
Users holding the Morpheus token will receive a free Pro account indefinitely on Venice AI. The platform seamlessly integrates with MetaMask wallets, providing users with a smooth experience. While Venice AI operates on the decentralized Morpheus network, Voorhees recognizes performance concerns and aims to ensure that AI solutions are on par with centralized companies to encourage user adoption.
- Morpheus token holders receive a free Pro account on Venice AI.
- Integration with MetaMask wallets for a user-friendly experience.
Hot Take: Closing Thoughts
Through Venice AI, Erik Voorhees is pioneering a privacy-focused AI solution in response to the growing concerns around data privacy in the cryptocurrency and AI industries. By offering an open-source alternative and prioritizing user privacy, Venice AI sets itself apart from centralized AI platforms. With the introduction of Venice Pro and plans for digital currency payments, Voorhees is aiming to revolutionize the AI landscape and provide users with a secure and private AI experience.
Sources:
– Money and State
– Erik Voorhees Twitter
– Erik Voorhees Twitter (Fun with Venice AI)
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