People need to know blockchain use cases, AI needs regulation now – Andrew Yang
Andrew Young, a former candidate for President of the United States and Mayor of New York City and founder of the Forward Party, had some interesting comments on the use or lack of use of Blockchain in the United States and the regulation of American artificial intelligence. AI) speaking Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, Texas.
A self-described “big believer in smart money, smart currencies,” Yang said he sees blockchain and Web3 technology in a forgone era, especially in the U.S., which risks companies fleeing overseas. Part of the problem is public perception, Young said.
“The only way to avoid this fate is to find positive use cases for blockchain to solve problems for the American people. […] Unfortunately, all you see on the news is Sam Bankman-Fried and FTX.
“We haven't even scratched the surface of what these tools can do to fight poverty,” Yang said. He also looked at other possible uses of blockchain technology in civic life. “My favorite thing is, why can't we vote on our cell phones?” he asked.
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Yang raised concerns about AI, saying US policy on AI is “very limited, perhaps inconsistent.” Yang was among 2,600 technology leaders and researchers who signed an open letter calling for an end to training AI systems more powerful than GPT-4. He reiterated at NABS, “We can be ahead of the curve with the development of these generative models.
AI is closely tied to politics, Young said, because of its potential impact on campaigning and public life in general. he said:
“You saw the deep lies of the Pentagon go up in flames, and the markets moved on that.”
The U.S. regulatory approach — “let's wait for a fiasco and then have a hearing about it,” Young explained — and a “winner-takes-all” economy are part of the problem, Young says. In that atmosphere, he said, the benefits of technological advances would be highly unevenly distributed, exacerbating the divisions in American political life.
IPR Special Correspondent Andrew Young recently attended Florida's Future Party launch where he announced his support for Rep. Dean Phillips over President Joe Biden in the Democratic primary. Follow for more IPR! #flapolhttps://t.co/7jl6oR3lsv
— Independent Political Reporting (@I_P_R) November 16, 2023
Social media is governed by Section 230 of the Communications Decency Act of 1996, but Young said Facebook in It didn't even exist in 1996. So, with EU AI legislation expected to be passed soon, “we are at risk. Falling into space because our legislature is not functioning at the highest level.”
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