Cathy Wood of ARK Invest shares her views on the dynamic intersection of Bitcoin (BTC) and Artificial Intelligence (AI).
Wood, CEO of ARK Invest, shared her positive view of the convergence of Bitcoin and AI in a post on X (formerly Twitter). Wood sees a profound economic transformation resulting from the convergence of these two new technologies.
According to the tweet, Wood envisions transformative change as a result of the dynamic interplay between AI, Bitcoin, and the broader Web3 space.
She highlighted the numerous possibilities and favorable outcomes that these technologies can offer to various industries and the broader economic landscape, including the potential to reshape corporate structures, ultimately leading to cost reduction and increased productivity.
Officials call for AI regulation
As recently reported by crypto.news, the UK House of Commons Science, Innovation and Technology Committee has called for a global coalition to combat the misuse of AI by bad actors.
According to the report, the rapid advancement of AI has increased the need to discuss governance and regulation. Policymakers are urged to implement frameworks that promote positive use cases of AI while protecting against potential social and personal risks.
The interim report highlights the need for a dedicated AI Bill to help the UK establish a strong governance framework and maintain a leadership role in international AI regulation.
Last March, the UK government also proposed a pro-innovation approach to AI regulation.
In May 2023, a group of EU lawmakers collaborated to propose new AI regulations and advocated for a global summit to address the governance of advanced AI systems.
12 European Parliament members have requested that US President Joe Biden and European Commission President Ursula von der Leyen coordinate a gathering of international leaders to join forces for AI ecosystem governance.
The UK’s history of technological innovation and regulatory expertise offers the opportunity to create a unique approach to regulating AI. However, it is important to acknowledge that the suggested approach may struggle to catch up with the rapid advancement of AI technology.
Top AI Tokens Price Analysis
According to the latest data from CoinGecko, the artificial intelligence-based crypto asset has a current market capitalization of $2.37 billion, representing a 0.2% increase in value over the past 24 hours.
AI tokens are cryptocurrencies that enable AI-related Web3 projects to solve a variety of real-world problems, including portfolio management, image generation, pathfinding, and more. These tokens play a fundamental role in the operation of this ecosystem.
Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) currently hold the top spot, with market capitalizations exceeding $509 million, $266 million, and $232 million, respectively.
At the time of this report, RNDR is trading at approximately $1.37, representing a 1.7% increase over the past 24 hours.
FET is currently valued at $0.2543, representing a 0.1% increase over the same 24-hour period, while AGIX is hovering around $0.189362, representing a 3.3% increase over the past 24 hours.