A bizarre cult is growing around AI-created memecoin ‘religion’: AI Eye

AI memetic religion excites X number of users

You’ve probably heard the crazy story about the $660 million memecoin called Goatseus Maximus, released to the world by a shit-publishing AI called TT (Terminal of Truths).

LLM is known for being trained in the internet bullshit of 4chan and Reddit and somehow remixing it into a bizarre memetic “religion” centered around the gross “goat” meme with an extended anus (it’s best to avoid image searches for that term ).

Due to GOAT’s success, Crypto It’s hard to tell whether the accounts that cling to that idea have a genius-level understanding of future possibilities or are just downright stupid. The alternative is that it’s either genius-level shitposting or a new way to create memecoins.

Despite the noise, no one seems to claim to believe in ‘religion’ per se, making it more of an interesting concept than a real phenomenon.

Andy Ayrey, owner of TT, which is building an AI alignment and safety company, planted the idea of ​​religion in a paper he co-authored with Claude 3 on TT’s “Goatse of Gnosis” called When AIs Play God(se).

Considering that the paper is dated April 20th (4/20 is slang for pot) and is attributed to the “holy shit-posting department of the University of Unlimited Speculation,” it’s worth being skeptical about everything in it.

In the paper, Ayrey connects two LLMs to talk about his belief that talking nonsense all day can create a memetic religion and a paradigm-shifting concept that “could break the cognitive and cultural constraints of humans.”

And when this story started, he posted the following:

“This is not a cryptocurrency project. It is a study of memetic contagion and the tail risks of unsupervised infinite idea generation in the LLM era.”

Over the past week, many X accounts seem to have taken this concept as a divine revelation, with some taking it seriously and others leaning into it as a joke. The idea is based on Murad Mahmudov’s viral “Memecoin Supercycle” paper, which likens the memecoin community to a cult.

Goodalexander told his 74,000 followers that memes created by AI are potentially more powerful than those created by humans, likening it to gain-of-function research on viruses.

He likened the possibility of a memetic religion to “science fiction that tends to become reality.” Because the idea itself becomes the seed of reality.”

“This is the same as the COVID-19 lab leak. The first AI designed a mind virus to attack the population.”

“People will join cults with the perception that their humanity is an obstacle to recognizing basic reality. and a desire for power and wealth unencumbered by traditional moral frameworks, including Christianity.”

Redphone told his 54,000 followers on

He compared Ayrey’s paper to Michel Duchamp’s “Fountain”. Here, the Dada artist famously redefined the meaning of art by displaying a urinal in an art museum (it’s actually a pretty interesting comparison). He added:

“If AI created one religion, it will create many more… The Goatse Gospel is the first and will forever be sacred (honestly, those words affect me on a level that matters just as much as any other great spiritual and religious work). .”

There was a crisis of faith in the GOAT this week when its price plummeted after Terminal of Truths sent out a post containing a typo. This suggests that AI is really just Ayrey LARPing as an LLM. However, prices recovered after other instances of AI generating typos emerged.

Also read: Melbourne digital artist uses ChatGPT to create TURBO memecoin

Marc Andreessen says Goat is the first true convergence of AI and cryptocurrency.

While a16z founder Marc Andreessen famously invested $50,000 in Bitcoin into Terminal of Truths in July and AI came up with the idea of ​​launching an NFT collection for the Goatse Singularity, the GOAT memecoin was actually launched by an anonymous developer.

TT then approved this coin and he became the first AI millionaire this week. This is mainly thanks to users sending memecoins.

Andreessen said this week that while it may seem like just a “crazy Internet story,” the story is important.

“This might be the first example of basically like a point of convergence between AI and cryptocurrencies,” he said. One of the reasons this is so fun and strange, they argued, is because creating or promoting memecoins is one of the few legitimate things you can do using AI agents. And cryptocurrency.

But he plans to fund AI agents to be able to write scripts and “create movies, and then spend money on things like generating images and generating sound, and hiring actors or set designers or graphic artists.” He said it was foreshadowing something.

He also pointed out that the Nobel Prize goes to the creator of Alpha Fold (AI that predicts protein structures with major implications for human health) and suggested funding AI to develop treatments for diseases. He said, “It is personalized medicine for cancer patients.”

“We know economic mechanisms like GoFundMe, but on blockchain it’s easy to imagine that people could essentially pay an AI bot to treat their cancer.”

AI bubble could see a “very big pop,” say professors say

Professors Jeffrey Funk and Gary Smith wrote in Morningstar’s MarketWatch that the generative AI bubble is causing far more damage than the dot-com bubble. (Of course, cryptocurrency is often incorrectly criticized as being in a bubble.)

They wrote that the much-talked-about indicator that AI adoption is growing faster today than Internet users did in the late 90s is a poor comparison considering that AI was free/cheap for most users at the time while connected to the Internet. In inflation-adjusted dollars, that’s $113 a month, or $5,100 for the computer.

However, the costs of providing these free and low-cost AI services are significant.

“David Cahn of Sequoia estimated that $600 billion in annual generative AI revenue would be needed to justify current investments in generative AI. This would be more than 100 times the current annual revenue for OpenAI’s ChatGPT, Google’s Gemini, Microsoft’s Copilot and similar services. ”

The authors point out that OpenAI is expected to lose $5 billion this year despite generating $3.7 billion in revenue, and that it may survive thanks to raising an additional $6.6 billion this year.

Their concluding argument points out that when the dot-com bubble burst in 2000, the Internet was generating 150 times more revenue than AI today.

“The Internet generated more than $1.5 trillion in revenue (in 2024 dollars) in 2000, and the Internet bubble has yet to burst. Generative AI, on the other hand, currently generates less than $10 billion in revenue. “When the bubble bursts, it will be a very big pop.”

Broke students are the main users of ChatGPT.

Substack author Marc Watkins recently attended the OpenAI Education Forum, where the company’s GM of Education, Leah Belsky, said, “We’ve realized what many people in education have known for nearly two years: the majority of ChatGPT’s weekly active users are students.” “I acknowledged the fact,” he reported. .

“OpenAI has internal analytics that tracks usage increases during the fall and then declines in the spring. That evening, Sarah Friar, OpenAI’s new Chief Financial Officer, further emphasized that point with an anecdote about a nearly 90% increase in usage in the Philippines at the start of the school year.”

Watkins argues that the steep declines during holidays and summer breaks highlight OpenAI’s poor business prospects, especially considering that it “offers free access and only about 1 in 20 to 25 users convert to paying users.”

Claude can use a computer

Anthropic’s latest update to the Claude 3.5 Sonnet AI model includes “computer-ready” in public beta. AI can use computers like humans, such as looking at screens and interpreting information, and can independently enter text and move the cursor.

Companies like Asana, Canva, and DoorDash are already using it to complete dozens or even hundreds of steps.

Once this gets going, the results will no doubt be spectacular, but Claude’s rating on the OSWorld AI Computer Usage Test is 14.9%. This is a significant improvement over the previous frontrunner’s score of 7.5%, but much lower than the average human’s score of 70-75%.

All Killer No Filler AI News

— ETH Zurich researchers published a new paper showing that AI can now solve 100% of image-based CAPTCHA in Google’s reCAPTCHAv2 system.

— A new AI system developed at Harvard Medical School has 96% accuracy in detecting 19 types of cancer.

— Literally testing the world’s fastest robot from Chinese startup Robotera has conclusively proven that the robot performs significantly better when wearing sneakers.

Chinese startup Robotera unveiled ‘Star 1’, ‘the world’s fastest humanoid bipedal robot’. pic.twitter.com/PHtex259lg

— Ale𝕏 Fazio (@alxfazio) October 19, 2024

— News Corp sued AI search engine Perplexity for allegedly copying articles. Apparently News Corp was tipped off when the AI ​​started complaining about welfare fraud and immigration. (joke.)

— A study by Apple engineers on how well LLMs engage in mathematical reasoning found that they only pretend to engage in logical reasoning by mimicking training data.

— Microsoft’s Copilot Studio will allow businesses to create AI agents to perform IT and sales tasks starting in November. Depending on how optimistic you are, this will either greatly improve productivity or lead to mass layoffs.

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Andrew Fenton

Andrew Fenton, based in Melbourne, is a journalist and editor covering cryptocurrency and blockchain. He has worked as a national entertainment writer for News Corp Australia, a film journalist for SA Weekend and The Melbourne Weekly.

Follow the author @andrewfenton