AI-Related Tokens Stumble After White House Executive Order

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Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

"Artificial intelligence holds extraordinary potential for both promise and peril," read the order."Responsible AI use has the potential to help solve urgent challenges while making our world more prosperous, productive, innovative, and secure ... Irresponsible use could exacerbate societal harms such as fraud, discrimination, bias, and disinformation; displace and disempower workers; stifle competition; and pose risks to national security.

Calling the order an"ambitious attempt to accommodate the hopes and fears of everyone from tech CEOs to civil rights advocates,"reminds of the limits of White House power, noting execution of the Biden vision will depend on the actions of executive branch agencies which could find themselves challenged in court. There's also the legislative branch, which is working on its own plans for regulating AI.

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