2026-04-23 Четверг

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Interview with ZetaChain Lead Jessie Zhang: Reclaiming Humanity's Right to Think Between Decentralization and AI

Interview with Jessie Zhang, Head of Incubation and Investment at ZetaChain, discussing the intersection of decentralization and AI, and the importance of reclaiming human cognitive sovereignty. ZetaChain, initially known for cross-chain interoperability, evolved in 2025 from building foundational infrastructure to focusing on real-world applications, connecting major blockchains like Bitcoin, Ethereum, and Solana. The team began exploring how blockchain could address growing concerns around AI, particularly data privacy and centralized control. Jessie highlights the risks of AI-driven "cognitive centralization," where user data—including intentions, emotions, and preferences—is concentrated in few platforms, threatening individual autonomy. Examples like OpenAI retaining deleted user chats and past incidents of algorithmic manipulation (e.g., Facebook influencing elections) underscore the urgency. ZetaChain’s response is Anuma, a private AI platform built as a "personal memory layer." Anuma acts as a privacy-first AI管家 (butler) that manages user data locally, allowing interaction with models like ChatGPT or Claude without surrendering personal information. It ensures data sovereignty, prevents context fragmentation across AI tools, and safeguards independent thinking. Jessie emphasizes that privacy is an architectural imperative, not just a feature, and that blockchain’s trustless, ownership-based model is critical for AI ethics. Anuma, while built on ZetaChain, targets mainstream users with seamless Web2-like体验, reflecting ZetaChain’s vision: invisible infrastructure delivering tangible value. The core message: AI should enhance human capability without compromising cognitive autonomy. In an era of intelligent systems, preserving the right to think independently is both a technological and moral necessity.

marsbit02/06 05:53

Interview with ZetaChain Lead Jessie Zhang: Reclaiming Humanity's Right to Think Between Decentralization and AI

marsbit02/06 05:53

How Pessimistic Is Wall Street? Goldman Sachs Directly Compares 'Software' to 'Newspapers'

Wall Street's pessimism towards the software sector has reached an extreme, with Goldman Sachs drawing a stark comparison to the newspaper industry's decline in the early 2000s and the regulatory challenges faced by tobacco in the late 1990s. The firm argues that the recent sharp sell-off in software stocks—down 29% from September 2025 highs—reflects a fundamental reassessment of the sector's long-term growth and profitability, not just short-term earnings volatility. Key catalysts include new AI developments from Anthropic and Google, which are now seen as direct threats to software firms' pricing power and business models, rather than mere productivity tools. Despite software valuations falling to multi-year lows (forward P/E of ~20x), Goldman emphasizes that the core issue is not valuation but crumbling growth assumptions. Current multiples imply mid-term revenue growth expectations have collapsed from 15-20% to just 5-10%. The report warns that, as with newspapers and tobacco, valuations alone won't form a bottom; earnings expectations must stabilize first. Investors are already shifting capital toward "real economy" sectors like industrials and energy, while reducing exposure to AI-vulnerable software. Goldman notes some defensive opportunities in vertical software and data-rich companies but stresses that the narrative has shifted from "AI as a growth catalyst" to "AI as an existential threat." The key question is no longer whether software stocks can rebound, but which companies can prove they won't become the next newspapers.

marsbit02/06 05:47

How Pessimistic Is Wall Street? Goldman Sachs Directly Compares 'Software' to 'Newspapers'

marsbit02/06 05:47

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