Micro musing: but it’s just a speech.
You know I like to muse about other topics than crypto, and I’ll dabble in those a bit more this year. This week it was all about the AI Action Summit in Paris and as the markets continue to range let’s focus on the key implications of this conference.
Perhaps the most important one, aside from JD Vance’s impromptu speech about the risks of regulatory capture, was the absence highlighted by Daniel and Alexandru below. Which is a direct result of the US avoiding regulatory capture.
Ironically, the departure from the risks of regulatory capture within AI in the US started with Biden administration's swift prosecution of Sam Bankman-Fried in the aftermath of the FTX bankruptcy. AI and crypto are always intertwined!
Meanwhile, the US’s new AI and crypto czar, David Sacks, participated in a nice podcast with Naval. The conversation eventually touched on the Ludditic issue, which is also a frequent topic in India, especially after last year’s elections.
After all, Modi coined the term AI as “Aspirational India” last year, but not much has happened yet. Hopefully now, with the increased competitive pressure of the US and China, India can leverage its talent and surf “the dawn of the AI age”.
Ultimately the impacts of AI are just another manifestation of creative destruction. So we shouldn’t fear it as an existential threat. The time to build differently is now. We just need to reimagine the future to ensure we’re in control.
Chart art: but it’s just speculation.
One thing: but it’s three today.
0xJeff goes through the various crypto-native AI agent use cases.
YB explains the difference between distributed and decentralised AI.
Long Solitude discusses the intersection between crypto, AI and robotics.
Tweet tip: but it’s just predicting tokens.
Meme moment: but it’s just a scapegoat.
FV Bank: but it’s just an island.
