What it means for crypto AI projects

• The CEO of Openaai travels to Asian capitals.
• The CEO is currently touring Tokyo and is expected to visit Singapore, Indonesia and Australia.
• The CEO says it is optimistic about global AI coordination, which is a good thing for AI-based crypto projects.

The CEO of the Chatgpt developer Openai, Sam Altman, said on Monday that after a tour of Asian capitals he was "quite optimistic" with regard to the prospects for international cooperation in the field of artificial intelligence (AI).

Openai, that of Microsoft Corp. is supported, efforts to use the growing interest in generative AI. It also wants to influence the regulation of the area.

In conversation with students in Tokyo, Japan, said Altman:

"I was skeptical about the journey whether it would be possible at short notice to bring about global cooperation to reduce existential risks, but now I end the trip with a rather optimistic feeling that we can make it."

Also said his interest in the establishment of a local office in the country during his visit to Japan in April at a meeting with Prime Minister Fumio Kishida. Despite the fact that its large manufacturing companies invest strongly in automation technology, Japan is considered a straggler in the area of ​​AI.

The CEO will visit Indonesia, Australia and Singapore before returning to the USA.

AI regulations all over the world

The use of generative AI, which can generate texts and images, has aroused excitement and fear of the potential to redesign a variety of industries. As a result, the regulatory authorities desperate to adapt the current rules and create new guidelines for the AI ​​industry.

While the United States tend to adapt existing laws for AI instead of creating new laws, the legislators of the European Union have already passed a groundbreaking regulation on artificial intelligence.

The EU law adopted on artificial intelligence, which is known as AI law, would prohibit systems that are considered "unacceptable" risks for human lives. The law is expected to bring European governments on a collision course with US technology giants who have invested billions in AI technology.

Most of the proposed AI regulations aim to ensure that the systems do not affect people's lives, which is an advantage for AI-based cryptocurrency projects. Most AI-based crypto projects combine blockchain and artificial intelligence technologies to process data and thus ensure efficient financial transactions, including financial trade. This means that the probability is less that they will be negatively influenced by the proposed regulations.

popular AI-based crypto projects in 2023

Although AI-based cryptocurrencies from the recent decline in the cryptom market were not spared cryptocurrencies after the attack by the US stock exchange supervisory authority SEC, they have developed quite well since the introduction of Chatgpt last year. The number of AI-based cryptocurrencies has also grown exponentially after many new blockchain projects use AI technology to deal with different challenges.

Alt signals, a trading signal platform, is one of the youngest market participants in the industry with its new AI-based cryptocurrency called ASI, which is currently in the advance booking phase. The new AI project of the platform is very popular because the first phase of the ASI-Vorfell was sold to 92.43 % at the time of printing.

According to Coingecko, the five largest AI cryptocurrencies according to market capitalization render (RNDR), Singularitynet (Agix), Fetch.ai (fet), Ocean Protocol (Ocean) and Akash Network (act) are currently. The largest, render, has a market capitalization of $ 651,359, during the fifth, Akash Network, a market capitalization of $ 99,731,536.