Andrew Yang Calls for Better Blockchain Utilization, Improved AI Regulations at NABS Event
Summary:
Former presidential and NYC mayor candidate, Andrew Yang, raised concerns about the lacking utilization of blockchain and weak AI regulatory policies in the U.S at the North American Blockchain Summit (NABS). He highlighted the need for effective applications of blockchain to combat poverty and improve civic life. Furthermore, Yang criticized the limited, incoherent U.S. policy on AI, warning about the potentially dangerous development of generative AI models without proper oversight. He also noted how outdated U.S. legislation regarding social media could lead to the country falling behind in the global technological arena. Lastly, he pledged his support for Rep. Dean Phillips over President Joe Biden in the Democratic primary.
In a recent discussion at the North American Blockchain Summit (NABS) in Fort Worth, TX, Andrew Yang presented some poignant insights. Yang, the founder of the Forward Party and former White House and New York City mayor candidate, expressed concerns about the meager application of blockchain and ineffective U.S. regulatory policies on artificial intelligence (AI).
A strong advocate for digitally advanced currency, Yang pointed out the sad state of blockchain usage in the U.S., with the risk of firms relocating to overseas due to the tough conditions. He feels the lack of beneficial use of blockchain causing latency, leading to negative perceptions in public.
In the same context, Yang made a noteworthy point about not exploiting the full potential of the toolset to address poverty issues. He sees a wide array of opportunities for integrating blockchain technology within everyday public affairs. For instance, he queried, "Why can't we cast our votes via our mobile phones?".
Ill-conceived U.S. AI regulations were also a cause for concern for Yang. He expressed that policies on AI are in desperate need for a revamp, criticizing it for being quite restrained and inconsistent. He was one of the many tech visionaries who had signed an open letter demanding a halt on the training of AI systems that are stronger than GPT-4. At NABS, he further reinforced his belief stating, "We might be overstepping with the advancement of these generated models."
The nexus of AI and politics was another critical point raised by Yang. Illustrating with an example of a deep fake, in which the Pentagon appeared to be on fire, he shared how it precipitated market fluctuations.
He heavily critiqued the U.S.'s reactive approach to regulations that waits for things to take a wrong turn before conducting post-mortems and the lopsided economy that only benefits a few. Both of these factors only deepen the existing divides in the U.S. political landscape.
In recent news at the Florida Forward Party launch, Andrew Yang expressed his support for Rep. Dean Phillips over President Joe Biden in the Democratic primary. Stay tuned to IPR for more updates!
According to Yang, the current legislations governing social media platforms, like Section 230 of the Communications Decency Act of 1996, are outdated in today's world where Facebook, which didn't exist then, dominates. Compared to the imminent AI laws to be enacted in the European Union, the U.S. is at risk of trailing behind. He concluded with, “We're in danger of falling right into space because our legislative body is not functioning at a high level.”
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Published At
11/16/2023 9:44:42 PM
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