Coinbase CEO Opposes planned Move to stop ChatGPT Development

Brian Armstrong, the CEO of America’s largest crypto exchange, Coinbase, has spoken out against tech gurus who want ChatGPT’s upgrades temporarily suspended. In a tweet, Armstrong said stopping the development of ChatGPT is a bad idea.

Elon Musk and Other Tech Gurus Target ChatGPT

The CEO’s tweet came minutes after an open letter was published, signed by Apple co-founder Steve Wozniak, Twitter CEO Elon Musk, American politician and entrepreneur Andrew Yang, and over 1,600 other signees. In the letter, the complainants call for a six-month suspension on further advancement of OpenAI’s ChatGPT.

They argue that artificial intelligence (AI) systems that have human-competitive intelligence are likely to pose significant risks to humanity and society. The signees also claim that AI development should only focus on making current systems safer, more accurate, transparent, trustworthy, interpretable, and robust.

However, the Coinbase boss disagrees. He acknowledges that AI poses some dangers, just like many technologies. But he says that should not stop the progress being made in this nascent technology because the good overshadows the bad.

Recently, Coinbase used ChatGPT to determine how accurately it could conduct a token security review, which is a requirement for all coins listed on the platform. The exchange reported that the AI tool generated results almost similar to manual reviews.

ChatGPT: Are Concerns Justified?

Generative Pre-trained Transformer (GPT) models, like ChatGPT, have been adopted in multiple natural language processing apps, including language translation, content creation, and chatbots, due to their ability to generate human-like language.

While these AI systems have grabbed the attention of many recently, their increased popularity has given rise to some concerns, such as ethical questions regarding the role of AI technology in decision-making and human communication. There are also concerns over its possible impact on social inequality and employment.

Some people also worry that software developers may adopt ChatGPT to make dishonest performance claims. On Thursday, the Center for AI and Digital Policy filed a complaint against OpenAI with the US Federal Trade Commission (FTC), accusing the company of violating FTC policies that restrict deceptive practices.

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