While Ilon Musk sues Open AI, Scotty the AI platform has raised $7 million from early investors

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Ilon Musk surprised the public again by suing OpenAI and directly its creator Sam Altman. This event caused a stir, as the main reason for the lawsuit was the firm’s change of course. Musk pointed out that a previously non-commercial product under the influence of Microsoft has become a closed-source tool.

This fact is especially noteworthy against the background of the release of a new crypto project – Scotty the AI. Its main principle is openness and accessibility. Investors see the product as an effective alternative to the usual AI tools and are actively investing in the new token. Only for the last week traders bought $3.5 million worth of coins.

Scotty the AI: how the most useful AI service for crypto traders works

Scotty the AI is a meme coin that is part of a feature-rich virtual marketplace. It is currently in its latest round of presale. In one week, the value went from $0.0073 to $0.01. At the same time, the asset managed to attract over $7 million in the public sale, which indicates a high degree of community interest.

While Ilon Musk sues Open AI, Scotty the AI platform has raised $7 million from early investors — Scotty the AI home page

The main feature of Scotty the AI is the variety of opportunities it provides to investors. On this platform, users can quickly and profitably exchange one token for another using the Scotty Swap feature. Also implemented in the platform is Scotty Chat – a smart assistant that helps investors learn about events in the crypto market. The new digital currency is based on the Ethereum network, which provides a high speed of transactions and security of the entire ecosystem of the project.

The product has something to offer to those investors who prefer to multiply their savings. Scotty the AI ecosystem includes a steaking mechanism and a Play-to-Earn game.

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At the moment, the presale is nearing completion, after which SCOTTY will be released on exchanges. Right now, you can buy the promising coin for $0.01. Features:

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Why Ilon Musk sees AI as a threat

The entrepreneur is widely known for his skepticism about how rapidly artificial intelligence technology is developing. This is not the first time that Ilon Musk draws attention to the fact that these tools are capable of surpassing human thinking by several times. The Tesla CEO believes: if this kind of technology is not controlled, it will do more harm than good.

Since 2014, Musk has periodically commented on the fact that it is necessary not just to carefully develop AI, but also to be able to guide it. Such technology requires constant oversight. All because artificial intelligence is capable of improving and learning on its own. This means: sooner or later, it will learn to act without constantly incoming tasks and instructions from humans.

However, despite the calls to control the possibilities of such a progressive technology, Musk is in favor of the availability of the new tool. This position is what prompted him to go to court to clarify the situation with OpenAI. The mentioned company, responsible for the creation of the ChatGPT bot, violated the contract when it began to work exclusively to increase Microsoft’s profits. Musk demands from the representatives of the organization to return the tool to the open source code.

However, there are also completely safe projects with AI support. They are controlled by developers or the community, and the tools perform only the tasks prescribed to them. For example, Scotty the AI is one such project.

Completion

The creation of sophisticated AI technologies is an important step in the development of mankind, opening up almost unlimited possibilities. However, any tool needs a so-called master who will monitor its improvement. Then it will be as useful as possible, and many associated risks will be avoided.

That is why investors are now interested in Scotty the AI. The product offers many effective features for working in the crypto industry, and it is also completely safe. It is one of the few meme assets that has real utility and variety of options at the startup. With its help, you can both earn tokens in the game and analyze the market to make profitable transactions.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.