SingularityNET meets an acute and accelerating market need. In the current economic and technological context, every business needs AI, but off-the-shelf AIs will rarely match a business’s needs. Only tech giants can hire armies of developers to build custom AIs, and even they have a hard time hiring enough AI experts to meet demand. SingularityNET provides an automated process enabling each business to connect existing AI tools together to build the solution it needs. By providing an easy means of configuring tools, it offers both customization and availability, while reducing the reduplication of effort involved in proprietary development, making the development process more efficient.
Many state of the art AI tools exist only in GitHub repositories created by grad students or independent researchers. This puts them out of the reach of anyone without the skills to install, configure, and run them. Most AI developers are academics, not business people, and have no easily-accessible marketplace to monetize their clever AI code.
In addition to their clever code, machine learning tools require datasets of sufficient size. Creating and managing such large datasets is beyond the means and capabilities of most AI developers, and the closed development model that currently prevails makes it hard for developers to share datasets.
SingularityNET launches these AI tools and datasets onto the marketplace, making them more accessible to end-users and developers, and giving developers a way to monetize their creations.
It is a sharing-economy marketplace for AI, that encourages collaboration between these tools and decentralized sharing of information, democratizing access to the benefits of AI. In accordance with these goals, SingularityNET will be an open network. Anyone can insert an AI Agent as long as the Agent shares information according to the SingularityNET API, and accepts/disburses payment according to SingularityNET’s economic logic. New AI Agents will come from AI software developers who want access to SingularityNET’s market, which will be the hub of open AI services.
We have a situation similar to the ones that spawned the creation of Uber and AirBnB: there is a large unexploited resource, a large market in need of that resource, and we are launching the tool to connect the two. The unexploited resource is AI algorithms and software existing on GitHub and elsewhere, and n need of this resource is the 99% of businesses that can’t afford its own team of AI experts.