- Cathie Wood, the CEO of ARK Invest, shared a positive outlook on the convergence of these two innovative technologies in a tweet on Twitter.
- According to the tweet, Wood envisions a radical change stemming from the dynamic interaction between AI, Bitcoin, and the broader web3 space.
- The UK House of Commons Science, Innovation, and Technology Committee called for the establishment of a global alliance to combat the misuse of AI by malicious actors.
Cathie Wood, CEO of ARK Invest, highlighted the dynamic intersection between Bitcoin and artificial intelligence; How will these factors bring about changes?
How Bitcoin and Artificial Intelligence Intersect?
ARK Invest CEO Cathie Wood discussed the dynamic intersection of Bitcoin (BTC) and artificial intelligence (AI). Wood, the CEO of ARK Invest, shared a positive outlook on the convergence of these two innovative technologies in a tweet on Twitter. She anticipates a profound economic transformation resulting from the dynamic interaction of these two technologies.
According to the tweet, Wood envisions a radical change stemming from the dynamic interaction between AI, Bitcoin, and the broader web3 space. She highlighted the numerous possibilities and positive outcomes that these technologies can offer to various industries and the overall economic landscape. She also noted that reshaping corporate structures could ultimately lead to cost savings and increased efficiency.
As recently reported by COINOTAG, the UK House of Commons Science, Innovation, and Technology Committee called for the establishment of a global alliance to combat the misuse of AI by malicious actors.
The report has increased the need for discussions on governance and regulation due to the rapid advancement of AI. Policymakers are encouraged to implement frameworks that promote positive use cases of AI while providing protection against potential societal and individual risks.
The interim report emphasizes the necessity of a dedicated AI Law in the UK, which would help the country establish robust governance frameworks and maintain a leadership role in international AI regulation. In March of last year, the UK government proposed an innovative approach to AI regulation.
In May 2023, a group of EU lawmakers advocated for the gathering of international leaders to collaborate on proposing new AI regulations, aiming to address the management of advanced AI systems.
The UK’s history of technological innovation and regulation presents a unique opportunity for creating a distinctive path in AI regulation. However, it’s important to acknowledge that the proposed approach may face challenges in keeping pace with the rapid advancement of AI technology.
Performance of Top AI Tokens
According to data, the current market value of AI-based crypto assets stands at $2.37 billion, reflecting a 0.2% increase in the 24-hour period. AI tokens are cryptocurrencies that support web3 projects related to AI, addressing various real-world problems such as portfolio management, image generation, route finding, and more. These tokens play a fundamental role in the functioning of these ecosystems.
Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) currently hold the top positions with market caps of $510 million, $271 million, and $231 million, respectively. At the time of writing this report, RNDR is priced at approximately $1.37, showing a 0.4% increase in the past 24 hours.
FET is currently valued at $0.26, with a 1.6% increase in the same 24-hour period, while AGIX is trading around $0.188, indicating a 0.3% decrease in the past 24 hours.
