- OpenAI’s CEO is touring Asian capitals.
- He is currently in Tokyo and is expected to visit Singapore, Indonesia and Australia.
- The CEO says he is optimistic about global AI coordination, which is positive for AI-based crypto projects.
Sam Altman, CEO of ChatGPT developer OpenAI, said Monday he felt “quite optimistic” about the prospects for international cooperation on artificial intelligence (AI) after visiting several Asian capitals.
Backed by Microsoft Corporation, OpenAI has worked to capitalize on the surge of interest in generative AI while also seeking to shape regulation in the field.
Speaking to students in Tokyo, Japan, Altman said:
“I came into the trip skeptical that global cooperation to reduce existential risk would be achievable in the near term, but I’m finishing the tour feeling quite optimistic that we can get there.”
During his April visit to Japan, Altman met with Prime Minister Fumio Kishida and expressed interest in opening a local office. Despite major manufacturers investing heavily in automation technologies, Japan is often viewed as slower to adopt AI compared with other leaders.
Altman plans to visit Indonesia, Australia and Singapore before returning to the United States.
AI regulation around the world
Generative AI capable of producing text and images has sparked both excitement and concern over its potential to transform a wide range of industries. Regulators are scrambling to adapt existing rules and create new frameworks to govern the AI sector.
While the United States favors adapting current laws to cover AI rather than creating entirely new legislation, lawmakers in the European Union have already approved an AI regulation.
The EU’s enacted regulation, referred to as the AI Act, will ban systems deemed to pose an “unacceptable” risk to human life. That move is expected to create friction between European governments and U.S. tech giants that have invested billions in AI technology.
Most proposed AI rules aim to ensure systems do not endanger human lives, which also benefits AI-based cryptocurrency projects. Many of these projects combine blockchain and AI technologies to process data and support secure, efficient financial transactions, including trading. As a result, they are less likely to be directly targeted by the proposed regulations focused on safety and risk.
Popular AI-based crypto projects in 2023
Although AI-based cryptocurrencies were not immune to the recent downturn in the broader crypto market following regulatory scrutiny, they have generally performed well since the launch of ChatGPT last year. The number of AI-driven crypto projects has grown rapidly as new blockchain initiatives incorporate AI to address a variety of challenges.
AltSignals, a trading signals platform, is one of the newer entrants with an AI-powered crypto token called ASI, currently in a presale phase. The platform’s AI project has attracted significant interest: at the time of reporting, the first phase of the ASI presale was 92.43% sold out.
According to CoinGecko, the five largest AI-focused crypto projects by market capitalization include Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN) and Akash Network (AKT). Leading the list, Render has a market cap of $651,359,605, while the fifth-ranked Akash Network has a market cap of $99,731,536.