Concerns Raised by Crypto Entrepreneurs Over New AI Executive Order
The U.S. government has recently announced a new executive order on “Safe, Secure, and Trustworthy Artificial Intelligence,” which has raised concerns among crypto entrepreneurs. They fear that this order may lead to tighter rules and regulations, limiting their work freedom.
Jeremy Hogan’s Criticism
XRP lawyer Jeremy Hogan has criticized the executive order, questioning why it focuses on Americans’ privacy when the government has been breaching privacy in the crypto industry for years. He sees hypocrisy in the government’s stance and believes that the order resembles how they have handled the cryptocurrency industry.
Sharing of Critical Information
The executive order mandates advanced AI system developers to share their safety test findings and other vital data with the US government. This requirement aims to ensure that businesses creating high-risk foundation models for national security, economic security, or public health and safety comply with safety standards before releasing AI systems to the public.
Prime Regulatory Body
The Department of Commerce will establish guidelines for identifying AI-generated information and verifying official content. This will help protect Americans from fraud facilitated by artificial intelligence. The goal is to create technologies that allow citizens to verify the legitimacy of messages received from the government, setting an example for other governments and businesses globally.
Congressional Data Privacy Legislation
The President has urged Congress to pass bipartisan data privacy legislation to protect Americans from AI threats. The legislation should support privacy-preserving research and technology, such as cryptographic tools, by establishing a Research Coordination Network. The National Science Foundation will work with this network to encourage the implementation of cutting-edge privacy-preserving technology by government agencies.
Hot Take: Crypto Entrepreneurs Express Concerns Over New AI Executive Order
Crypto entrepreneurs are expressing concerns about the potential impact of the new AI executive order on their work freedom. They worry that tighter rules and regulations may limit their operations. Additionally, lawyer Jeremy Hogan criticizes the order for its focus on privacy when the government has undermined privacy in the crypto industry. However, the order also emphasizes the sharing of critical information and the establishment of guidelines for identifying AI-generated content. The President has urged Congress to pass data privacy legislation to protect Americans from AI threats and support privacy-preserving research and technology.
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