what it means for crypto AI projects

• OpenAI CEO is currently touring several capital cities in Asia.
• The CEO is currently touring Tokyo and is also expected to visit Singapore, Indonesia, and Australia.
• The CEO says he is optimistic about global AI coordination, which is a good thing for AI-based crypto projects.

The CEO of ChatGPT developer OpenAI, Sam Altman, on Monday, stated that he was “quite optimistic” about the prospects for international cooperation in artificial intelligence (AI) following a tour of Asian capital cities.

OpenAI, which is backed by Microsoft Corp, has been making an effort to take advantage of the surge of interest in generative AI. It also wants to influence regulations for the field.

Speaking to students in Tokyo, Japan, Altman said:

“I came to the trip sceptical that it would be possible in the short term to get global cooperation to reduce existential risk, but I am now wrapping up the trip feeling quite optimistic we can get it done.”

Also, in a meeting with Prime Minister Fumio Kishida during his April visit to Japan, Altman expressed his interest in setting up a local office in the country. Despite the fact that its major manufacturing players are investing heavily in automation technology, Japan is viewed as a laggard in AI.

The CEO is due to visit Indonesia, Australia, and Singapore, before returning to the US.

AI regulations around the world

The use of generative AI that can generate text and images has instilled both excitement and fear for its potential to reshape a wide range of industries. As a result, regulators are frantically trying to adapt current rules and create new guidelines for the AI industry.

While the United States is leaning toward adapting existing laws for AI rather than creating new legislation, the European Union lawmakers have already passed a landmark artificial intelligence regulation.

The passed EU artificial intelligence that will be called the AI Act would ban systems that are considered to pose “unacceptable” risks to human lives. The act is expected to put European governments on a collision course with US tech giants who have invested billions in AI technology.

Most of the proposed AI regulations seek to ensure the systems do not interfere with the lives of humans, which is a good thing for AI-based cryptocurrency projects. Most AI-based crypto projects combine blockchain and artificial…