Crypto

Crypto AI Projects See Global AI Coordination As A Positive Sign

06/16/2023
Bitcoin Ethereum News

Table of contents

  1. U.S. to modify existing AI laws rather than enacting new ones
  2. AltSignals launches new AI-based cryptocurrency to aid in the global stock market
Following a tour of Asian capitals, Sam Altman, CEO of ChatGPT developer OpenAI, said on Monday that he was “quite optimistic” about the prospects for international cooperation in artificial intelligence (AI). OpenAI, supported by Microsoft Corp., has been attempting to capitalise on the growing interest in generative AI. It also wants to influence the field’s regulations. Additionally, during Altman’s April trip to Japan, he met with Prime Minister Fumio Kishida and expressed an interest in opening a local office there. Japan is regarded as a laggard in AI, despite the fact that its major manufacturing players are investing heavily in automation technology. The potential to reshape a wide range of industries has sparked both excitement and fear over the use of generative AI that can generate text and images. Consequently, regulators are frantically attempting to modify existing regulations and develop new ones for the AI industry.

U.S. to modify existing AI laws rather than enacting new ones

While legislators in the European Union have already passed a ground-breaking artificial intelligence regulation, the United States is opting to modify existing AI laws rather than enacting new ones. Systems that are deemed to pose “unacceptable” risks to human lives would be prohibited by the AI Act, which was passed by the EU. It is anticipated that the act will set European governments in opposition to US tech giants that have invested billions of dollars in AI technology.

The majority of AI regulations that have been proposed aim to prevent the systems from interfering with human life, which is beneficial for AI-based cryptocurrency projects. The majority of AI-based cryptocurrency projects process data using blockchain and artificial intelligence technologies to ensure efficient financial transactions, such as financial trading; meaning they are less inclined to be adversely impacted by the proposed guidelines.

AltSignals launches new AI-based cryptocurrency to aid in the global stock market

Since the launch of ChatGPT last year, AI-based cryptocurrencies have performed quite well, despite the fact that they were not spared from the recent decline in the cryptocurrency market as a result of the assault on cryptocurrencies by the US SEC. As a result of the numerous new blockchain projects that use AI technology to solve various problems, the number of cryptocurrencies based on AI has also increased at an exponential rate. With its brand-new AI-based cryptocurrency known as ASI, which is currently in the presale stage, AltSignals, a trading signals platform, is one of the most recent entrants in the industry. Since the first stage of the ASI presale was 92.43 percent sold out at press time, the platform’s new AI project has gained a lot of popularity.

Source: https://www.cryptoknowmics.com/news/crypto-ai-projects-see-global-ai-coordination-as-a-positive-sign