ARK Invest’s Cathie Wood has shared her views on the dynamic intersection of Bitcoin (BTC) and synthetic intelligence (AI).
Wood, CEO of ARK Make investments, has shared her optimistic outlook on the convergence of Bitcoin and AI in a publish on X (previously Twitter). Wood sees a profound financial transformation arising from the convergence of those two modern applied sciences.
In accordance with the tweet, Wood foresees a transformative change ensuing from the dynamic interaction between AI, Bitcoin, and the broader web3 house.
She emphasised the quite a few potentialities and favorable outcomes that these applied sciences might provide to numerous industries and the broader financial panorama, with the potential to reshape company constructions, finally resulting in price reductions and elevated productiveness.
Authorities name for AI regulation
As not too long ago reported by crypto.information, the UK Home of Commons, Science, Innovation and Know-how Committee, has referred to as for a world alliance to deal with AI misuse by dangerous actors.
As per the report, the swift development of AI has heightened the necessity for discussions on governance and regulation. Policymakers are urged to implement frameworks that may foster AI’s optimistic use instances whereas safeguarding towards potential societal and particular person dangers.
The interim report underscores the need of a devoted AI Invoice to help the UK in establishing strong governance frameworks and retaining its management position in worldwide AI regulation.
Final March, the UK authorities additionally proposed a pro-innovation strategy to AI regulation.
In Could 2023, a consortium of EU lawmakers collaborated to suggest new AI regulations and advocated for a world summit to handle the governance of superior AI programs.
The 12 European Parliamentarians have requested that U.S. President Joe Biden and European Fee President Ursula von der Leyen coordinate a gathering of worldwide leaders to hitch forces for AI ecosystem governance.
The UK’s historical past of technological innovation and regulatory experience presents a possibility to create a singular path for regulating AI. Nonetheless, it’s necessary to acknowledge that the recommended strategy could wrestle to meet up with the speedy progress of AI know-how.
High AI tokens’ worth evaluation
In accordance with the newest knowledge from CoinGecko, the present market capitalization of synthetic intelligence-based crypto property stands at $2.37 billion, reflecting a 0.2% improve in worth within the final 24 hours.
AI tokens are cryptocurrencies backing AI-related web3 initiatives fixing varied real-world issues, together with portfolio administration, picture era, pathfinding, and extra. These tokens play a elementary position within the operations of those ecosystems.
Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) presently maintain the highest positions, with market capitalizations surpassing $509 million, $266 million, and $232 million, respectively.
On the time of this report, the value of RNDR stands at roughly $1.37, signifying an 1.7% improve over the previous 24 hours.
FET is presently valued at $0.2543, showcasing a 0.1% rise throughout the identical 24-hour interval, whereas AGIX is hovering round $0.189362, indicating a 3.3% improve during the last 24 hours.