ARK Make investments’s Cathie Wooden bullish on Bitcoin and AI intersection

Crypto.information – ARK Make investments’s Cathie Wooden has shared her views on the dynamic intersection of (BTC) and synthetic intelligence (AI).

Wooden, CEO of ARK Make investments, has shared her constructive outlook on the convergence of Bitcoin and AI in a publish on X (previously Twitter). Wooden sees a profound financial transformation arising from the convergence of those two progressive applied sciences.

In response to the tweet, Wooden foresees a transformative change ensuing from the dynamic interaction between AI, Bitcoin, and the broader web3 area.

She emphasised the quite a few prospects and favorable outcomes that these applied sciences may supply to numerous industries and the broader financial panorama, with the potential to reshape company buildings, finally resulting in value reductions and elevated productiveness.

Authorities name for AI regulation

As lately reported by crypto.information, the UK Home of Commons, Science, Innovation and Expertise Committee, has referred to as for a worldwide alliance to sort out AI misuse by dangerous actors.

As per the report, the swift development of AI has heightened the necessity for discussions on governance and regulation. Policymakers are urged to implement frameworks that can foster AI’s constructive use circumstances whereas safeguarding towards potential societal and particular person dangers.

The interim report underscores the need of a devoted AI Invoice to help the UK in establishing sturdy governance frameworks and retaining its management position in worldwide AI regulation.

Final March, the UK authorities additionally proposed a pro-innovation strategy to AI regulation.

In Could 2023, a consortium of EU lawmakers collaborated to suggest new AI laws and advocated for a worldwide summit to deal with the governance of superior AI techniques.

The 12 European Parliamentarians have requested that U.S. President Joe Biden and European Fee President Ursula von der Leyen coordinate a gathering of worldwide leaders to affix forces for AI ecosystem governance.

The UK’s historical past of technological innovation and regulatory experience presents a possibility to create a novel path for regulating AI. Nonetheless, it’s necessary to acknowledge that the recommended strategy could battle to meet up with the fast progress of AI know-how.

Prime AI tokens’ worth evaluation

In response to the most recent information from CoinGecko, the present market capitalization of synthetic intelligence-based crypto belongings stands at $2.37 billion, reflecting a 0.2% enhance in worth within the final 24 hours.

Prime AI tokens | Supply: CoinGecko

AI tokens are cryptocurrencies backing AI-related web3 tasks fixing varied real-world issues, together with portfolio administration, picture technology, pathfinding, and extra. These tokens play a elementary position within the operations of those ecosystems.

Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) at present maintain the highest positions, with market capitalizations surpassing $509 million, $266 million, and $232 million, respectively.

On the time of this report, the value of RNDR stands at roughly $1.37, signifying an 1.7% enhance over the previous 24 hours.

FET is presently valued at $0.2543, showcasing a 0.1% rise throughout the identical 24-hour interval, whereas AGIX is hovering round $0.189362, indicating a 3.3% enhance over the past 24 hours.

This text was initially printed on Crypto.information