Mike Novogratz says he's shocked US regulators are cracking down on crypto and not AI: 'The government's got it completely upside-down'
But authorities should instead turn their attention to AI, according to Novogratz, who thinks the technology poses big problems. AI threatens to trigger a"deep fakes" identity crisis, according to him.
Deepfakes use deep learning artificial intelligence to replace the likeness of one person with another in video and other digital media. "In lots of ways, one of the best-use cases for crypto is going to be identity around AI, because pretty soon you're going to get a fake Mike Novogratz, hopefully with hair [...] how do you prove identity in a world like that?" he said.
"It is dumb to think that we should cache this industry because of Sam Bankman-Fried in his Bermuda shorts, period," Novogratz said. AI, however has been a heavily discussed topic since the debut of ChatGPT. Hype around the chatbot has lifted artificial intelligence stocks includingWhile the chatbot has impressed crowds with its ability to spew out dating and stock investing advice, it's alsoThe Federal Trade Commission is skeptical about the AI revolution since it could introduce
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