Artificial intelligence has been in the news a lot lately , and it seems like every day we hear about new amazing things that can be done with this technology. However, with great power comes great challenges. There are currently legal issues surrounding the content of artificial intelligence, which, once resolved, will open up great new opportunities for its use, especially in the cryptographic sector.
In Europe, an early EU deal that could pave the way for the first comprehensive legislation to control the technology requires companies using generative AI tools like ChatGPT to report any copyrighted content used to create their systems
Almost two years ago, the European Commission began drafting an AI Law to regulate the fast-growing AI industry, which has seen a surge in interest and investment since the OpenAI AI-powered chatbot ChatGPT became available.
Deputies of the European Parliament decided to proceed to the next stage called “trialogue”, where EU legislators and member states will work out the final features of the draft law.
The legislation attempts to categorize AI tools from low to limited, high and unacceptable in terms of perceived danger. At stake are concerns about the spread of false information, biometric monitoring or the use of biased language.
Legal disputes in the USA
Europe is not the only place where Generative AI is causing legal controversy. The question of whether artificial intelligence can apply for patents for content creation has recently come under scrutiny in US courts when a case was brought to require an artificial intelligence system to be named as an inventor in a patent.
The US Supreme Court declined to hear the case, possibly ending a controversial idea that could have changed the field of intellectual property. However, the issue is far from settled, and it has not helped to assuage growing concerns that AI threatens to upend other aspects of intellectual property law.
Although mainly known for OpenAI’s ChatGPT, the same technology is already being used to develop semiconductors and offers ideas for new molecules that could become the basis of useful drugs.
For now, this use of artificial intelligence doesn’t seem to pose a major problem for the patent system because the technology is used as a tool to help people form ideas rather than working on its own, said Chris Morgan, an intellectual property partner at the law firm Reed Smith. .
However, referring to the possibility that artificial intelligence systems could one day invent themselves, she added:
Our laws, as they are currently written, cannot handle such a scenario.
Even before that stage was reached, she and other legal experts warned that systems like ChatGPT could be used to generate large numbers of new patent applications, flooding the patent office with claims in the hope of a big win.
How Generative AI Will Impact Crypto World
Digital asset portfolio management is an area where Generative AI is expected to have a major impact. The growth of digital assets increases the complexity of portfolio management. To automate the process, generative AI studies market trends, generates valuations and executes trades. It will also become easier for non-professionals to monitor their assets and manage their portfolios as the industry continues to grow.
The creation of new digital assets is another area likely to be greatly impacted by Generative AI. This can facilitate the automatic creation of individual digital assets as technology evolves. This could have a significant impact on the market as an unprecedented amount of new cryptocurrency will be produced, making the climate for token initiatives much more competitive.
AI and dApps
Another sector where generative AI is expected to have a significant impact is the development of new decentralized applications (dApps) . Decentralized applications are gaining popularity as consumers want to better protect and manage their assets and data. But currently, developing dApps is difficult and time-consuming. By autonomously generating code based on a set of inputs, generative AI can streamline this process, making dApp creation easier and faster.
“A picture is worth 1000 words”
The generation of images related to cryptocurrency is already having an impact. These images are used for marketing purposes and are a powerful incentive to invest in certain projects. They can also be used to breathe “life” into what might otherwise be perceived as an overly technical description, and thus showcase powerful cryptotechnology in a powerful new light.
More security
The implementation of generative artificial intelligence can significantly affect the security of custodial solutions in Web3 and crypto. The ever-increasing number of blockchain transactions increases the likelihood of fraud and hacking, but generative artificial intelligence can reduce this risk by identifying and mitigating security issues. So despite the increasing complexity of cryptography and the Web3 world, AI will help protect users’ money and information.
AI Crypto programs
A discussion about current trends in artificial intelligence would be incomplete without mentioning a project that is currently gaining popularity. AiDoge (AI) is an AI-powered text-to-meme generator platform that allows users to create new, relevant memes. It is currently in the pre-sale phase, giving you the opportunity to participate at a low price before the official launch.
According to the project website,
AiDoge’s generator uses advanced artificial intelligence algorithms to generate contextually relevant memes trained on extensive meme and crypto-news datasets. This ensures high quality of current memes.
Highlights include text-based instructions, an AI-powered meme generator, and native AI tokens for purchasing credits. AiDoge’s meme generator uses advanced AI algorithms to generate memes that fit the situation. This ensures that only the best and newest memes are used.
The AiDoge ecosystem offers users the opportunity to stake AI tokens to access platform features and daily credit incentives. Stakes are critical to ongoing engagement and platform stability. AiDoge users can read and upload AI generated memes to the public wall.
Visitors can explore memes on the wall using tools to filter and categorize them based on criteria such as popularity, recency, or specific topics. They offer a modern approach to meme creation that uses advanced AI technology, convenient offers, and a token-based credit system to modernize meme production and foster a thriving crypto community.
The AiDoge platform has generated one trillion AI tokens. 50%, or 500 billion, will be sold during the pre-sale. The remaining 500 billion will be used for liquidity, stock exchange listings, rights transfers and community rewards. Remaining AI tokens from the AiDoge presale will be destroyed. As a result, the market capitalization will fall.
The very first investors will receive the token at the lowest price of $0.000026. The cost continues to rise as each step sells out. After the presale, the AI token will be published at a price of $0.0000336 on both centralized and decentralized markets.
Therefore, the investors of the first stage will immediately receive a premium of 30%. AiDoge presale accepts different currencies. BNB, Tether and Ethereum are covered. Those without cryptocurrency can use credit cards to make purchases. Here’s a guide to buying AI tokens.
To participate in the AiDoge presale as an early investor, you can follow the link at aidoge.com.
AI Crypto Price Predictions
In the burgeoning field of artificial intelligence, there’s another new pre-sale project that could create wealth for early investors.
To provide a variety of AI-powered analytical tools and platforms to traders of all stripes, yPredict has built an ecosystem that brings together financial indicators, traders and AI/ML professionals. According to the developers, these purpose-built tools can offer sophisticated analytics and insights by applying advanced financial forecasting techniques and metrics generated from additional data sources.
To help traders navigate today’s complex financial markets, yPredict offers access to expert solutions and tactics. These difficulties include too much noise and lack of statistical advantage, which often leads to poor decision making. Many traders simply use information from social media, such as news and trending opinions, or signals from rogue vendors. With the help of yPredict’s analytical tools and platforms, trading choices can be made more intelligently and trading strategies can be optimized.
The yPredict marketplace rewards developers who publish their model results as monthly subscription products with YPRED tokens. Developers receive 70% of the subscription fee and tokens are locked for 30 days to maintain price stability.
