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White House Sets The Most Unclear and Ambiguous AI Goal Yet

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Notwithstanding the fact that America is a full two years behind China in terms of a national AI strategy, the Trump administration has now revealed that it is “leading many of those conversations” with “like-minded international allies” to help shepherd the direction of AI development and application across the globe.

Most of these conversations are reportedly happening within closed groups like the G7 and the G20, as well as U.N. organizations and the Organisation for Economic Co-operation and Development (OECD.)

According to Dr. Lynne E. Parker, Assistant Director for AI in the Office of Science and Technology Policy:

“All of these activities are activities that we are deeply involved in, and again, we’re really promoting an international environment that’s supportive of American innovation, but certainly with a focus on AI that is trustworthy and that we are comfortable adopting.”

Possibly the most important point made by Parker at the National Academy of Public Administration’s Forum on Artificial Intelligence held in Washington was that the United States was not planning on introducing new “workstreams, programs or activities,” but merely going to try and guide the global AI narrative to a point where it is “consistent with our values, while also not being so scared of AI that we don’t even let anyone benefit from it because we are afraid that something might go wrong.”

She pointedly referred to a state-controlled system not being the ideal solution:

“…we don’t want to turn into an authoritarian state-like use of AI where we all feel like we have Big Brother looking over us at all times, that’s definitely not what liberal democracies want.”

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This move reeks of posturing. Even if the U.S. policy on AI is merely to act as a steward for AI development, where is the framework that they need as a guideline to do this? Several moral positions have been taken on the subject of AI ethics, but the U.S. government still doesn’t know what it wants.

Vague terminology that includes “leading the conversation”, “promoting an international environment” and “AI that is trustworthy and that we are comfortable adopting” does not indicate any sort of control over the narrative, which is what the White House’s position should be in the first place.

The United States is still one of the largest economies in the world with a GDP (PPP) upwards of $20 trillion. It must necessarily lead the pack in every aspect of AI, not just the conversations around where it’s headed. It already has some of the best AI schools and the biggest tech companies in the world willing and eager to contribute. What it does not have is the political will to dominate the AI space across research, development, testing, certification, and deployment.

Think about it: there’s no meaningful regulatory certification required for AI products other than standard software, security and communications protocols. Baby toys are under tight regulatory control because they can do harm, so why aren’t AI man-toys that are capable of destroying the earth not being regulated at the highest levels?

Meanwhile, China’s progress in AI is unimpeded by this sort of ambiguity that goes all the way up to the Commander-in-Chief. Granted, their moral compass might be a lot more flexible, allowing for the development of privacy-intrusive products and such, but their purpose and resolve to lead the AI game is much stronger than America’s, at least at this point in time.

What America needs is a clear vision (or a Presidency that has one) for the future of AI, which is obviously lacking. Are they simply trying to piggy-back on the efforts of other nations and take the credit by “leading the conversation”? That’s what Parker’s words make it sound like. In her own words:

“But that’s a conversation, right: where is the line?”

Indeed, where is it?

Source: https://1reddrop.com/2019/04/19/white-house-sets-the-most-unclear-and-ambiguous-ai-goal-yet/?utm_source=rss&utm_medium=rss&utm_campaign=white-house-sets-the-most-unclear-and-ambiguous-ai-goal-yet

Blockchain

Internet Computer (ICP) Becomes 8th Wonder Of The Crypto World – Here’s What This Token Is All About

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Internet Computer (ICP) Becomes 8th Wonder Of The Crypto World - Here's What This Token Is All About

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While the two hype-filled dog-themed cryptocurrencies – Dogecoin and Shiba Inu – a few days ago, battled for canine dominance in the crypto-kingdom, ICP snuck up to steal the shine, briefly edging both coins including XRP, ADA, and BNB with a $90billion first-day value before settling as the 8th most valuable coin by market valuation.

The ICP that simply stands for Internet Computer is a newly introduced decentralized token built on a blockchain created by a not-for-profit organization – Dfinity foundation-to serve as a futuristic replacement for the internet it is known today.

Unlike Dogecoin and Shiba Inu, ICP boasts of a strong underlying utility value as it will be used by participants as a default token for democratic staking on Dfinity’s customized Network Nervous System (NNS). It is already being dubbed crypto’s third-biggest invention after BTC and ETH.

The Idea Behind ICP

The creators of the blockchain believe that the current state of the internet (known as web 2.0) is becoming increasingly centralized with only a few companies such as Facebook, Google, and Amazon exerting dominance and control over about 70% of the internet’s space.

Dfinity aims to fracture the centralized power of the internet and run it as a credible open-source, allowing developers from around the world to contribute to its protocol. The ICP is the platform’s native token, dubbed web3.0, which boasts higher scalability than a similar Ethereum Mainnet.

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ICPs Trade Activity

Within the first few hours of trade on Tuesday, ICP was dragged into volatile waters as it gasped in buzz enough to place it on the $700 mark before drown down to $250.

Several hours and multiple fluctuations later, it was able to settle for an estimated middle-ground of $450. Since the start of trade today, ICP’s shaky feet have again been swept off the ocean floor as it currently trades at $322.98.

Internet Computer Becomes 8th Wonder Of The Crypto World - Here's What ICP Is All About
ICPUSD Chart By TradingView

The biggest take from the launch of Dfinity’s decentralized internet is the promise that it will bring to an end, the need for antiviruses, firewalls, VPNs, and all kinds of centralized DNS services.

Going Forward

ICP has received over $163 million in funding from private donors, including an additional $4.1 million paid in BTC and ETH.

It already enjoys massive support as a promising coin from a serial angel investor, Andreessen Horowitz, who strongly backed Twitter during its early stage of formation. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/internet-computer-icp-becomes-8th-wonder-of-the-crypto-world-heres-what-this-token-is-all-about/

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Blockchain

Tron’s Tether Issued 30 Billion USDT As Of Today: Report

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Tron’s Tether issued 30 billion USDT on the Tron blockchain as of today, reaching a milestone which we read more about in our latest Tether news.

Tether is the largest stablecoin on the market and released 30 billion USDT as TRC20 tokens on the Tron blockchain which is now the highest amount of stablecoin which was ever issued on any chain. Tron’s founder Justin Sun made the announcement on Twitter and congratulated the company on hitting a new milestone:

“Congrats on TRC20–USDT reaching the milestone of 30 Billion, as the best-performing stablecoin with immediate transactions and free handling fees on TRON. The circulation amount of TRC20–USDT issued by @Tether_to on the TRON network exceeded 30.9 Billion.”

tetherr
Source: Tether

According to the data from Tether’s website, about 60 billion USDT have been sold with Tron dominating the market. 27 billion USDT distributed as ERC20 token means that Ethereum is now in the second place and with more than a billion USDT being issued on top of Omni, the BTC-based protocol, it clearly marks a record for Tether. Tether has been multichain for a long time as other chains have struggled to gain traction. Solana is the fourth with 200 million USDT released but Tether’s issuance increased since the bull market started. It was set at 10 billion USDT in 2020 to nearly 60 billion USDT today according to the Glassnode data.

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This means that the amount of Tether on the market, increased five times in less than a year. Tether debuted on Tron in 2019 but didn’t gain traction until this year when it surpassed its Ethereum equivalent in market capitalization. The users were drawn to the Tron edition of Tether because of the fast transactions. This year, ETH started experiencing congestion and the users had to wait for hours to perform expensive transactions. Despite these issues, Tether is still one of the most widely used currencies in Defi space with millions invested in protocols like Aave and COMP.

usdt
USDT market cap has continued to surge. Source TradingView

Tron’s Tether issued billions despite the recent fine by the NY Attorney General Office. Tether kept about 76 percent of the services in cash and cash equivalents as well as other short-term deposits according to the data. With a 65 percent share, commercial paper made up the bulk of the cash and cash equivalents part. Fiduciary deposits accounted for 24% of the total with treasury bills accounting for 3% and reach cash for 3.85%.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.dcforecasts.com/tether-news/trons-tether-issued-30-billion-usdt-as-of-today-report/

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Blockchain

Samsung Electronics Embraces Crypto By Adding Ledger Wallet Services

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Samsung Electronics is the latest company to embrace crypto by adding Ledger Wallet Services on its Galaxy smartphones as we are reading more today in our cryptocurrency news.

Samsung Electronics announced to its users that they are now able to trade crypto directly on the Galaxy smartphones and now the latest update from the Korean conglomerate allows traders and blockchain users to process transactions by transferring cold storage wallets to the Samsung blockchain. In addition to the Blockchain Keystore that Samsung already has embedded, the Galaxy smartphones will be able to connect to hardware wallets like Ledger Nano  S and Ledger Nano X. The platform also includes news fees featuring the latest stories and updates in the crypto space.

Wallet Maker Ledger, lawsuit, data breach, users

Since the launch in 2019, the Samsung Blockchain Wallet expanded its crypto offerings to BTC, ETH, ERC tokens, TRX tokens, and Tron, and allows users to explore decentralized apps to utilize the blockchain technology. With the In-house software development kit, the developers can create their own applications that will provide services like microfinancing. The developers can build dApps that generate, manage and store blockchain accounts and will process transactions with APIs dedicated to the ledger system and will also provide APIs allowing Dapps to sign for transfers of virtual assets using a third-party hardware wallet.

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There are more than 40 dapps that are integrated into the Samsung Blockchain platform ranging from social media, finance, and video games. Despite the regulatory concerns in South Korea, Samsung continued to reiterate the stance on crypto. South Korea’s Financial regulator or the Financial Services Commission, cracked down on exchanges with a list of new regulations as some exchanges like Daybit and Okex already shut down operations in Korea due to the requirements from the Virtual Asset Service Provider.

Korean Tax Officers, crypto, users
Korean exchanges are under scrutiny with the new legislations.

Under the current circumstances, Samsung’s economic and political influence in South Korea poses a huge opportunity and as competitors flee from regulations and rising short-term costs, the multinational conglomerate will be able to establish itself as the leading player in the crypto space in Korea.

As recently reported, The electronics giant Samsung could be working on a new blockchain-based app to facilitate a secure way to transfer, data, files, and information. Samsung hasn’t given more details but sources believe that the company is developing software called Private Share that already uses the blockchain to prevent file receivers from using the info in ways not authorized by senders.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.dcforecasts.com/blockchain-news/samsung-electronics-embraces-crypto-by-adding-ledger-wallet-services/

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