From this post on reddit:
https://www.reddit.com/r/SingularityNet/comments/8cxet5/here_is_why_singularitynet_will_be_the_most/SingularityNET is probably the most important project in the world and here’s why.
Money is used by businesses to purchase human labour and is normally the single largest operational cost for many companies. SingularityNET will become the labour marketplace of the future but instead of companies employing human intelligence labour they will be using artificial intelligence labour.
SingularityNET is currently pioneering the next generation of artificial intelligence by building, AGI (artificial general intelligence). This will create a supercomputer that can simultaneously analyse, link and output data together like a human. Many people think that this is a far off reality but it will be happening a lot sooner than you think.
SingularityNET is combining the two largest mega trends that will revolutionise the planet: Blockchain and Artificial intelligence.
In the future when ai can do many of todays jobs that are currently done by people, many people will start working less hours or entirely because of the abundance of resources. A new source of income could come from selling their data securely through the blockchain to ai running on SingularityNET. Instead of Facebook or Google monetising your data, you will get paid directly without having to worry about any privacy issues because of blockchain technology. Imagine this AGI in the future that could find out the causes and cures for diseases by analysing all the data on every human in the world from their genetic makeup, food purchased, exercise, sleep, water and air pollution levels and everything else together. This will start learning and helping everyone on the planet while at the same time paying you for your data! How crazy of an idea is that, being paid just for being human.
The CEO of Google said that AI will be a more significant invention than fire. Some people say that AGI will be the last invention humans make. Just like the internet is a protocol, SingularityNET will be the protocol for ai. This means that apps and businesses will be built on top of this platform to create services for people. SingularityNET is a direct competitor to the monopolies of facebook, google etc because people can build personalised apps on top of SingularityNET such as a search engine or a friend list safely and securely..
The great thing about SingularityNET's decentralisation is what Elon Musk says. He commented that the only way for Artificial General Intelligence to work and not turn the world into a dystopia is if it’s decentralised because Centralisation of power is prone to corruption. We won't have to worry about a few major companies owning all the worlds data because we will all be able to access it through SingularityNET. If the majority of the worlds AI demand is passed through SingularityNET you can imagine how much each token will be worth. The token would be directly correlated with the overall market value which is projected to be trillions in the next few years.
Ben Goertzel (CEO) has been working in AI for over 20 years and is one of the most prestigious people in the industry. He's written several books on artificial intelligence. The foundation of the platform has been in development for over 10 years through OpenCog and will be implemented in SingularityNET. This is a great project for the short term and long term because of all the potential future developments this could go.
In the future SingularityNET will be able to automatically re write it's own code to optimise performance and much more. Of course with the consultation of machine ethics experts to make sure that this AI doesn’t take over the world like many critics are afraid of.
Goertzel said. "If you want to have a system in which general intelligence can emerge, you want it to be—at the highest level—more self-organizing, growing and adaptive, like a biological system. You want something in which all sorts of different AIs can be placed, and they can interact with each other liberally, and where the mechanisms for their interactions themselves can be improved and changed and proposed by the participants of the system."
Imagine an abundant future where ai's don't need to spend the agi they produce and they just hodl it to raise the price so that they become the most powerful and wealthiest being. They will just stake it and gain continuous income, exponentially increasing the price.
Imagine a future where distant space travel is possible. Because humans need food and water, people could move their consciousness to the secure decentralised Singularity and live in a robot body crafted by Hanson Robotics. People can download their own personal worlds crafted through ai on the SingularityNET protocol and play in these worlds waiting to arrive at their distant destination. We could explore distant planets that take hundreds of years to get to but seems like minutes. Kinda like an acid trip but it could be a reality very soon. Thinking about it it’s like... how many times have we been here before?
SingularityNET has secured several partnerships including the Singapore Government through SG Innovate and has past clients like the US department of defence, DARPA, intel, huawei, lockheed martin and many more.
One of the largest exchanges listed Bitfinex which will allow institutional investors to buy the token as it can be bought with cash. They have even attended The World Economic Forum in Davos earlier this year which is the "largest conference committed to improving the state of the world.
Overall SingularityNET has a big vision and some of the greatest minds in the world working on launching the Artificial Intelligence. The company has a significant first mover advantage as well as a large and extremely experienced 50+ person team. Remember, technology increases exponentially and it feels like we’re about to see major changes that seemed impossible a few years ago.
Perhaps even one day people will start worshipping the Singularity.
References: The True Power of AI Is Here, and You’re About to Miss Out
Very old video of Ben Goertzel on future ai predictions
https://www.youtube.com/watch?v=x18yaOXBSQAThis video could show us a glimpse into where Ben Goertzel could take SingularityNET
https://www.youtube.com/watch?v=ToGVQ0Zs1RM
