Crypto Blog
The new rules require companies to conduct AI safety tests and share the results with the US government. In addition, they include meeting official standards for safe AI development and clearly labeling AI-generated content. That’s worth avoiding a Skynet or Omni Consumer Products fiasco.
Here’s how the government’s new regulations for artificial intelligence developers could affect the cryptocurrency industry. But also, here’s how cryptocurrencies can help support the government’s priorities.The new reporting requirements in Biden’s executive order are apt to add costs for AI cryptocurrencies. However they pan out, blockchains that utilize AI will have to take on the additional time and cost burden of staying in compliance.
Ostensibly, by the time an AI blockchain reaches a critical threshold of capability to fall under this requirement, the project would be well capitalized and able to meet the costs with a negligible effect on its finances.The cryptocurrency industry has much to offer in the way of techniques that can help make Washington’s goals a reality for Internet users. Moreover, blockchain has a tremendous head start.
“Strengthen privacy-preserving research and technologies, such as cryptographic tools that preserve individuals’ privacy, by funding a Research Coordination Network to advance rapid breakthroughs and development.”
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