Exclusive Q&A: Fortytwo CEO Ivan Nikitin on Why AIs Future is Decentralized
Fortytwo, a decentralized AI protocol, aims to address the escalating costs and scaling limitations of centralized AI models like those from OpenAI. Fortytwo CEO Ivan Nikitin argues that the increasing demand for AI compute resources is unsustainable. Fortytwo utilizes a network of smaller, specialized AI models working together, which they claim is 35 times cheaper than OpenAI and improves accuracy by distributing tasks and validating results amongst the network. This "swarm intelligence" model runs on Monad's testnet, leveraging its high transaction speed and low fees. Fortytwo's business model allows individuals to contribute computing power or specialized models to the network and earn rewards. Nikitin believes this decentralized approach, likened to a "Wikipedia that can think," will be key to the long-term viability and evolution of AI, potentially surpassing centralized models by 2030. He envisions a future where AI is not controlled by a few large companies but is instead a collaborative, user-owned and operated network.