Stopping ChatGPT Development Is a ‘Bad Idea’: Coinbase CEO

The CEO of Coinbase, Brian Armstrong, has opposed calls for a temporary moratorium on the development of artificial intelligence (AI) more powerful than GPT-4, the latest iteration of AI chatbot ChatGPT. Armstrong dismissed the open letter calling for the pause that had been signed by over 1,700 people, including Elon Musk, Steve Wozniak, and Andrew Yang. The letter expressed concerns over the risks to society and humanity posed by AI systems with human-like intelligence. Armstrong, however, argued that dangers existed with many technologies and that the benefits far outweighed any negative aspects. He urged people not to let fear stop progress and warned against efforts to create central authorities. ChatGPT is a GPT model designed to produce human-like language, which is widely used in natural language processing applications such as chatbots, language translation, and content creation. Critics fear that deceptive performance claims may be made using ChatGPT, leading to accusations of violating Federal Trade Commission Act regulations. The use of AI systems has been raising concerns over ethical issues, the role of machines in human communication and decision-making, their potential impact on employment and social inequality, as well as fears over potential risks to society and humanity.

(By Andrew Asmakov)

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