– President Joe Biden’s Executive Order on AI impacts the cryptocurrency market.
– The order introduces regulations for responsible AI use, focusing on safety and security.
– Red-teaming tests will ensure AI systems are robust against threats.
– The order requires disclosure of significant computing resource acquisitions for AI work.
– The aim is to prevent threats from AI misuse.
– Concerns have been raised about the impact on innovation and technological development.
– Some believe the regulations will only benefit larger incumbents.
– AI artists are also expressing concerns about the regulations.
– The shock wave from the order has affected the crypto market.
– The total market cap of top AI and Big Data tokens has decreased.
The recent Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence by President Joe Biden has had an impact on the cryptocurrency market. AI-related tokens have seen a dip in value following the introduction of regulations for responsible AI use. The order includes guidelines and best practices focused on safety and security, with measures like red-teaming tests to ensure robustness against threats. One notable rule requires disclosing significant computing resource acquisitions for AI work, indicating a shift towards a more regulated AI development scene to prevent misuse. However, there are concerns in the industry about the impact on innovation and technological developments. Some believe that only large incumbents will be able to comply with the new obligations, leading to a negative impact on US innovation. The regulatory adjustments have also affected the crypto market, with the total market cap of top AI and Big Data tokens decreasing.
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