Currently, the regulation of cryptos is at the heart of the debates and the dangers of these assets are highlighted. Meanwhile, artificial intelligence (AI) is described as an innovative technology full of benefits. Mike Novogratz, CEO of Galaxy Digital, reacted to this situation on March 28. This was during Galaxy Digital’s fourth quarter 2022 conference call with shareholders. The CEO lamented that the government is not concerned with the regulation of AI.
AI, the trigger for an identity crisis linked to deepfake!
Mike Novogratz, who previously encouraged investors to buy bitcoin (BTC), is now pushing for AI regulation. Giving his perspective on the current state of the market, he indicated that the government should fear AI. He explained that this technology will trigger an identity crisis with the deepfake. The latter is a multimedia synthesis technique based on AI and allowing in particular to create malicious hoaxes. With the deepfake, AI is a greater threat to society than cryptosaccording to the CEO.
Novogratz pointed out: “Very soon you will get fake Mike Novogratz hopefully with hair […]. How do you prove identity in a world like this?“. The CEO of Galaxy Digital believes that crypto applications will help combat some problems presented by AI. “In many ways, one of the best use cases for crypto will be identity around AI“, he said.
In this context, Novogratz thinks the government should focus more on regulating AI. “When I think of AI, it shocks me that we talk so much about crypto regulation and nothing about AI regulation», said the CEO. Mike Novogratz added:I think the government has got it completely backwards“.
During the conference call, Mike Novogratz was optimistic about the future of cryptos. However, at the beginning of the year, he said he was not very optimistic for the crypto sector. Now he explains:The market feels strong […]. I’m surprised to hear myself say that, given the state of mind I was in at the end of December, but it wouldn’t be surprising if we were significantly higher in three months, six months, nine months from From now“.
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