{"id":184094,"date":"2023-10-31T06:39:31","date_gmt":"2023-10-31T01:09:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=184094"},"modified":"2023-10-31T06:39:31","modified_gmt":"2023-10-31T01:09:31","slug":"hypocrisy-is-enormous-in-biden-ai-executive-order-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/hypocrisy-is-enormous-in-biden-ai-executive-order-crypto-news\/","title":{"rendered":"“Hypocrisy Is Enormous” In Biden AI Executive Order – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

US President Jo Biden had issued an executive order to lay out new standards for safety and security around artificial intelligence (AI) and to managing the risks associated with the technology. However, several developers and industry insiders are criticizing the move as a way to curtail freedom to innovate, drawing parallels with the excessive enforcement actions against the crypto industry<\/a> by US regulators.<\/p>\n

Also Read: Bitcoin Price Prediction After Completely Invalidating The Bearish Fractal, Has Pre-Halving Rally Began?<\/strong><\/a><\/p>\n

<\/p>\n

AI Regulatory Uncertainty Begins?<\/h2>\n

With the new executive order, AI developers are required<\/a> to share safety test results and other critical information with the US government. Only developers of the most powerful AI systems are required to share the key information, with the order setting a limit of AI models with over 1e26 floating point operations requiring to report to the government.<\/p>\n

Companies running these high level AI models are required to share results of all red-team safety tests. Interestingly, this limit is just above the current operational capacity with which the largest existing models are trained<\/a>, according to David Vorick, creator of the SiaCoin cryptocurrency.<\/p>\n

<\/p>\n

Also, the executive order aims at protecting Americans from AI-enabled fraud and deception, similar to the U.S. Securities and Exchange Commission\u2019s (SEC) drive to enforce regulations on crypto exchanges<\/a> in the name of fraud detection. The artificial intelligence industry could potentially be at the receiving end of regulatory hurdles, just like years of uncertainty around regulation in the crypto industry in United States.<\/p>\n

<\/p>\n

\n

Today, I signed an Executive Order that is the most significant action any government has ever taken on AI safety, security, and trust.<\/p>\n

I am determined to do everything in my power to promote and demand responsible innovation. pic.twitter.com\/jCAfdySUXL<\/a><\/p>\n

\u2014 President Biden (@POTUS) October 30, 2023<\/a><\/p>\n<\/blockquote>\n

Attorney Criticizes AI Privacy \u2018Attack\u2019<\/h2>\n

Jeremy Hogan, a pro-XRP attorney, asked<\/a> why the new AI executive order was worried about Americans\u2019 privacy while the same has been violated with the anti-crypto enforcement over the years. He said \u201cthe hypocrisy is enormous,\u201d adding that the US administration attacked privacy in the crypto space at every opportunity. Another lawyer, Jake Chervinsky, the executive order reads similar to how the US government has been treating the crypto ecosystem.<\/p>\n

\n

The AI EO reads *exactly* like how government has treated crypto for years.<\/p>\n

One vague sentence about how AI might be good for something some day, and then a dramatic list of risks and dangers that justify regulating the whole thing to death.<\/p>\n

Why are we so afraid of technology?<\/p>\n

\u2014 Jake Chervinsky (@jchervinsky) October 30, 2023<\/a><\/p>\n<\/blockquote>\n

Also Read: Why Is Bitcoin Price Rising Suddenly, Will It Continue to Rise?<\/strong><\/a><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

US President Jo Biden had issued an executive order to lay out new standards for safety and security around artificial intelligence (AI) and to managing the risks associated with the technology. However, several developers and industry insiders are criticizing the move as a way to curtail freedom to innovate, drawing parallels with the excessive enforcement […]<\/p>\n","protected":false},"author":2,"featured_media":184095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-184094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184094","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=184094"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184094\/revisions"}],"predecessor-version":[{"id":184097,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184094\/revisions\/184097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/184095"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=184094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=184094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=184094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}