Coinspeaker
Coinbase CEO Is Against Call to Suspend ChatGPT Development

Brian Armstrong, the Chief Executive Officer (CEO) of American publicly traded crypto exchange Coinbase Global Inc (NASDAQ: COIN) has come out to kick against the call to stop the development of ChatGPT, the chatbot developed by OpenAI.

Armstrong took to his Twitter page to dissociate himself from the call for the halt as he noted that for advancement to be made, fear must not be allowed to prevail over innovation.

“Count me among the people who think this is a bad idea,” Brian Armstrong wrote in a recent tweet, in response to a call by more than 1,500 tech leaders signing an Open letter calling for at least a 6-month moratorium in the development of further Artificial Intelligence (AI) solutions.

“There are no ‘experts’ to adjudicate this issue, and many disparate actors will never agree. Committees and bureaucracy won’t solve anything,” Armstrong added.

Armstrong’s position is understandable because he was among the core pioneers of the crypto exchange business in the US. Even after more than a decade, the technology underpinning the marketplace he runs is still experiencing skepticism and rebuff from regulators, lawmakers, and some members of the public.

As a pro-new technology-focused veteran, Armstrong’s Coinbase has started testing the use of ChatGPT to determine a token’s security review. Being an adept user, Armstrong supports the school of thought that the good being churned out by AI solutions far outweighs the bad.

“As with many technologies, there are dangers, but we should keep marching forward with progress because the good outweighs the bad. The marketplace of ideas leads to better outcomes than central planning,” he said, adding, “Don’t ever let fear stop progress, and be wary of anyone trying to capture control in some central authority.”

Though the Coinbase CEO is very clear in his support for ChatGPT, many other tech leaders blatantly disagree with him. The open letter requesting to give a moratorium on the development of ChatGPT and other advanced AI protocols was co-signed by Elon Musk, known in the tech world as one of the most brilliant minds around.

The rationale for the suspension call was hinged on the fact that AI applications can interfere with human reasoning, and perhaps take over some of the most detailed cognitive functions of man. The group of tech leaders also posited that advances in AI can lead to job losses and social inequality.

The launch of GPT-4, an advanced chatbot from OpenAI has even aggravated the concerns and in a recent move, a non-profit, the Center for AI and Digital Policy has filed a complaint against OpenAI with the Federal Trade Commission (FTC) over what it alleged is the violation of the rules that frown against deceptive and unfair practices.

In what seems to be a UNESCO-sanctioned move, many countries may start halting the use of ChatGPT moving forward.

Coinbase CEO Is Against Call to Suspend ChatGPT Development

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