Andrew Yang, a former candidate for United States president and New York City mayor in addition to founding father of the Forward Party, had sobering observations concerning the makes use of of blockchain, or its lack of use, within the United States and U.S. regulation of synthetic intelligence (AI) when he spoke Nov. 16 on the North American Blockchain Summit (NABS) in Fort Worth, Texas.
Yang, who described himself as an “enormous believer in smart money, smart currencies,” mentioned he noticed blockchain and Web3 know-how in a sorry state, particularly within the United States, which creates the danger of companies fleeing abroad. Part of the issue is public notion, Yang mentioned:
“The way to avoid this fate is to have positive use cases for blockchain in solving problems for the American people. […] Unfortunately, what they see in the news is just Sam Bankman-Fried and FTX.”
“We have not scratched the surface of what these tools can do to combat poverty,” Yang mentioned. He noticed different potential purposes of blockchain know-how in civic life as nicely. “Something I’m super passionate about, why is it that we can’t vote on our mobile phones?” he requested.
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Yang raised issues about AI, too, saying U.S. coverage on AI is “fairly limited, maybe even incoherent.” Yang was among the many 2,600 tech leaders and researchers who signed an open letter calling for a moratorium on coaching AI techniques extra highly effective than GPT-4. He reiterated at NABS, “We may be getting ahead of ourselves with the development of these generative models.”
AI is intimately tied to politics, Yang mentioned, due to the impact it might have on campaigning and public life typically. He mentioned:
“You saw a deep fake of the Pentagon on fire, and the markets moved on that.”
The U.S. regulatory strategy — “Let’s wait until the fiasco happens, and then we’ll have hearings about it afterwards,” Yang referred to as it — and the “winner-take-all” financial system is a part of the issue, in accordance to Yang. In that environment, the advantages of technological advances might be divided extremely erratically, making the present divisions in U.S. political life worse, he mentioned.
An IPR particular correspondent attended the current kickoff of the Florida Forward Party, the place Andrew Yang acknowledged he’s backing Rep. Dean Phillips over President Joe Biden within the Democratic major. Follow IPR for extra! #flapolhttps://t.co/7jl6oR3lsv
— Independent Political Report (@I_P_R) November 16, 2023
Social media is ruled by Section 230 of the Communications Decency Act of 1996, Yang mentioned, however Facebook didn’t even exist in 1996. So, whereas laws on AI is anticipated to go quickly within the European Union, “we’re in danger of falling right into space because our legislative body is not functioning at a high level.”
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