{"id":161789,"date":"2023-09-24T09:34:33","date_gmt":"2023-09-24T04:04:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=161789"},"modified":"2023-09-24T09:34:33","modified_gmt":"2023-09-24T04:04:33","slug":"coinbase-ceo-calls-for-deregulation-of-artificial-intelligence-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-ceo-calls-for-deregulation-of-artificial-intelligence-crypto-news\/","title":{"rendered":"Coinbase CEO Calls for Deregulation of Artificial Intelligence – Crypto News"},"content":{"rendered":"
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Coinbase CEO Brian Armstrong believes the United States should not regulate or restrict the development of artificial intelligence (AI) at all, saying that any attempt to mitigate its negative consequences will only slow its progress.<\/span><\/p>\n

\u201cWe\u2019ve enjoyed a golden age of innovation on software and the internet largely due to it not being regulated,\u201d said Armstrong over Twitter on Friday. \u201cAI should do the same.\u201d<\/span><\/p>\n

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Count me as someone who believes AI should not be regulated<\/p>\n

We need to make progress on it as fast as possible for many reasons (including national security). And the track record on regulation is that it has unintended consequences and kills competition\/innovation, despite best\u2026<\/p>\n

\u2014 Brian Armstrong \ud83d\udee1\ufe0f (@brian_armstrong) September 22, 2023<\/a><\/p>\n<\/blockquote>\n<\/div>\n

The executive\u2019s comments<\/a> mirror his prior takes concerning the crypto industry, which he\u2019s warned for years will be pushed overseas if burdened with too many laws. This is particularly true in the realm of decentralized finance (DeFi), which Coinbase <\/span>argued<\/span><\/a> last year shouldn\u2019t get the same regulatory attention as centralized firms.\u00a0<\/span><\/p>\n

As with finance, Armstrong said we should \u201cdecentralize\u201d and \u201copen source\u201d the AI industry and \u201clet the cat out of the bag.\u201d<\/span><\/p>\n

\u201cThe track record on regulation is that it has unintended consequences and kills competition[and] innovation, despite best intentions,\u201d he argued.<\/span><\/p>\n

Since the mass mainstream adoption of OpenAI\u2019s ChatGPT, investors and tech industry giants are racing to exploit every opportunity for innovation presented by the technology. Applications include text\/image generation, coding, cancer detection, <\/span>self-driving cars<\/span><\/a>, and more. <\/span>
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<\/span>Earlier this week, an anonymous Ethereum developer created a tool that leverages ChatGPT to automatically deploy new crypto tokens to Ethereum using a simple command. Others have leveraged ChatGPT\u2019s technology to create educational tools for crypto, including one that <\/span>evokes<\/span><\/a> the voice of Bitcoin\u2019s long lost creator, Satoshi Nakamoto.\u00a0<\/span><\/p>\n

The technology is also growing popular for more nefarious purposes, however, including the <\/span>promotion<\/span><\/a> of realistic-sounding crypto scams en masse using social media, or <\/span>flooding<\/span><\/a> Amazon\u2019s marketplace with low-quality ebooks.<\/span><\/p>\n

Beyond crypto, Armstrong said fast progress on AI is important for many reasons \u2013 national security among them. Indeed, the Government Accountability Office (GAO) <\/span>noted<\/span><\/a> last year that AI is altering \u201cthe very character of war,\u201d from \u201cpredicting mechanical failures in weapons platforms to performing complex analysis to support its warfighting mission.\u201d<\/span>
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<\/span>AI-based innovations were notably absent from Armstrong\u2019s top 10 crypto innovations he <\/span>highlighted<\/span><\/a> last month. He instead supported efforts like layer-2 privacy, Web3 game economies, and attempts to \u201ctokenizing everything.\u201d<\/span><\/p>\n

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Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Coinbase CEO Brian Armstrong believes the United States should not regulate or restrict the development of artificial intelligence (AI) at all, saying that any attempt to mitigate its negative consequences will only slow its progress. \u201cWe\u2019ve enjoyed a golden age of innovation on software and the internet largely due to it not being regulated,\u201d said […]<\/p>\n","protected":false},"author":2,"featured_media":161790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-161789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=161789"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161789\/revisions"}],"predecessor-version":[{"id":161792,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161789\/revisions\/161792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/161790"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=161789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=161789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=161789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}