President Biden to Convene with AI Experts

On June 20, United States President Joe Biden will spend time between campaign fundraising stops in California to converse with a group of Silicon Valley experts about artificial intelligence (AI).

The President is set to convene with no fewer than eight specialists, comprising of distinguished scientists and AI safety professionals. The White House has stated that the discussion will center on the Biden administration’s pledge to make the most of the possibilities and address the dangers of Artificial Intelligence.

According to The Associated Press, the attendees of the event include Jim Steyer, the creator of Common Sense Media; Tristan Harris, a co-founder of the Center for Humane Technology; Fei-Fei Li, a co-director of Stanford’s Human-Centered AI institute; Joy Buolamwini, the founder of the Algorithmic Justice League; and Sal Khan, the founder of the Khan Institute.

The US Vice President convened a meeting of leading tech company CEOs to discuss the potential perils of Artificial Intelligence.

This group is noteworthy for the individual efforts of its members in the areas of education, policy, safety and harm reduction. Previous gatherings with White House officials have included the CEOs of some of the biggest companies in the global AI field, such as Google, Microsoft and Anthropic.

At 4:00 pm PST on June 20, President Biden will be engaging in a series of talks at the Fairmont Hotel in San Francisco, which will be broadcasted on the White House YouTube channel.

US Government Lags Behind in AI Regulation

The U.S. Senate recently convened a hearing to discuss AI policy, which included OpenAI CEO Sam Altman, IBM chief privacy and trust officer Christina Montgomery, and New York University’s Gary Marcus.

At his testimony, Altman argued that the U.S. government should create a federal regulatory agency to supervise, license and be responsible for the growing AI industry. Marcus agreed with this idea, but Montgomery of IBM disagreed, suggesting that Congress should take a more precise approach to ruling AI.

The debates about AI are taking place while the U.S. government has not yet formulated a comprehensive plan for regulating AI development and production.

Whilst Europe, China and the UK have either already implemented or are in the process of considering extensive legislation for the AI industry, the USA is still lagging behind in terms of comprehensive regulations for both cryptocurrency and AI.

It is becoming more and more challenging to separate the two sectors, as AI is now being used as the foundation for many cryptocurrency, blockchain, and Web3 industries.

Animoca Brands CEO believes that AI and blockchain have a “symbiotic relationship”.

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