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Latest news on Artificial Intelligence (AI) in the cryptocurrency market

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Tether's AI Platform Set for Launch by End of First Quarter 2024

According to Odaily, Tether's CEO Paolo Ardoino announced on the X platform that the company's AI platform website is expected to be launched by the end of the first quarter of 2024.
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UK Government Seeks Feedback On AI And Copyright Law Changes

According to Cointelegraph, the United Kingdom's government has initiated a consultation with the artificial intelligence (AI) and creative industries to explore potential legal frameworks for AI models to utilize copyrighted material. The proposals, released on December 17, invite feedback from both sectors until February 25, 2025. Peter Kyle, Secretary of State for Science, Innovation and Technology, highlighted that the ambiguity surrounding copyright law's application to AI is hindering both industries from achieving their full potential. He stated that the current AI and copyright framework does not adequately support the creative and AI sectors in competing globally. This consultation arises amid criticism faced by AI companies accused of using intellectual property without permission to train their models. Among the four policy options proposed by the UK government is allowing AI companies to use copyrighted material without the right holders' consent, permitting commercial use with minimal restrictions. Another option suggests that companies can freely use copyrighted material for AI training unless creators opt out. A third proposal involves strengthening copyright laws, mandating licensing for all cases, ensuring companies only train AI models with licensed and permitted work. The consultation also considers maintaining the current laws, though this would perpetuate the existing lack of clarity for copyright holders and AI developers. The proposals have drawn criticism from creatives. Ed Newton-Rex, a British composer and CEO of Fairly Trained, a nonprofit certifying AI companies that obtain licenses for their training data, expressed concerns that the changes would primarily benefit AI companies while causing significant harm to creators. He argued that some changes are misleading, as a copyright exception would legalize training on copyrighted work without a license, which is currently illegal. Owen Meredith, chief executive of the News Media Association, also criticized the consultation in a December 17 statement, arguing that it fails to address the core issue of enforcing robust transparency requirements to protect creatives' rights. He contended that the proposals would complicate the law and allow AI firms to evade responsibilities. Meredith suggested that instead of proposing unworkable systems like 'rights reservations' or 'opt-out' regimes, the government should focus on implementing transparency requirements within the existing copyright framework.
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Australia to Develop National AI Capability Plan Amid Industry Growth

According to Cointelegraph, the Australian government is set to develop a National AI Capability Plan aimed at enhancing the country's artificial intelligence industry. This initiative comes as Australia seeks to improve its competitiveness in the rapidly expanding AI sector. Ed Husic, the Minister for Industry and Science, announced on December 16 that the plan will explore strategies to bolster the AI ecosystem by upskilling the workforce, attracting investment, and fostering innovation.Husic emphasized the importance of leveraging AI expertise to secure supply chains and strengthen critical infrastructure. He stated that the government will collaborate closely with firms, communities, and workers to drive investment in AI capabilities. As part of the review process, the government agency will assess existing state and federal support mechanisms to determine their impact on the AI industry. Additionally, the review will focus on increasing AI literacy and enhancing the local workforce through training and re-training, while also identifying research and innovation opportunities across universities and businesses.The Australian Government Department of Industry, Science and Resources reports that the country currently hosts approximately 650 AI companies. AI and automation are projected to contribute hundreds of billions annually to Australia's GDP by 2030. The National AI Capability Plan is expected to be completed by the end of 2025, following a period of targeted and public consultation. However, some industry experts argue that the timeline is too lengthy for the fast-evolving sector, which Statista predicts could reach $826 billion globally by 2030.Simon Bush, CEO of the Australian Information Industry Association (AIIA), expressed that while the National AI Capability Plan is a positive step, the timeline should be accelerated. He suggested that the review deadline be moved to July 2025, as the current schedule could delay funding until at least 2027, which he considers too long for the rapidly advancing AI landscape. Bush noted that Australia has been slow to adopt AI across its economy compared to global standards due to concerns and fears surrounding adoption. He emphasized the need for a balanced approach that ensures AI regulation and safeguards protect citizens while also supporting AI innovation, investment, and adoption.
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AI Agents Show Divergent Paths in Crypto and Tech Sectors

According to BlockBeats, on December 16, SlowMist founder Yu Jian highlighted a noticeable divergence in the development paths of AI agents within the crypto and non-crypto industries.In the crypto sector, the focus is primarily on creating incentive mechanisms through the issuance of tokens. This approach aims to leverage blockchain technology to enhance engagement and participation within the ecosystem. The crypto industry seeks to incentivize users and developers by utilising tokens, fostering a community-driven environment that encourages innovation and collaboration. This token-centric strategy is seen as a way to align the interests of various stakeholders and drive the adoption of AI technologies in decentralized applications.Conversely, traditional tech giants are making significant strides in developing interoperability protocols and practical AI applications. These companies are concentrating on creating seamless integration between different systems and platforms, enhancing the utility and accessibility of AI technologies. By focusing on interoperability, tech giants aim to break down silos and enable AI solutions to work across diverse environments, thereby increasing their applicability and effectiveness. This approach emphasizes the practical deployment of AI, ensuring that it can be utilized in a wide range of real-world scenarios, from enterprise solutions to consumer applications.The divergence in these development paths underscores the differing priorities and strategies of the crypto and tech sectors. While the crypto industry is driven by the potential of decentralized finance and community engagement, traditional tech companies are leveraging their resources and expertise to push the boundaries of AI technology and its integration into everyday life. This contrast highlights the dynamic nature of AI development and the varied approaches to harness its potential across different industries.
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AI Jesus Experiment Sparks Debate in Switzerland

According to ShibDaily, a two-month experiment featuring an AI Jesus at St. Peter’s Chapel in Lucerne, Switzerland, has ignited widespread discussion and criticism. The "Deus in Machina" project, launched in August, was developed by Philipp Haslbauer from the Lucerne University of Applied Sciences and Arts, alongside theologian Marco Schmid. The project utilized OpenAI’s GPT-4o model and an open-source version of Whisper technology to create an AI depiction of Jesus. Haslbauer explained that the AI video generator from Heygen was used to produce voice and video representations based on a real person. Despite concerns, no additional safeguards were implemented as GPT-4o was observed to handle controversial topics well.The AI Jesus, displayed on a computer screen within a confessional booth, engaged visitors by answering questions on faith, morality, and modern issues, providing responses rooted in Scripture and capable of communicating in over 100 languages. Visitors, primarily aged 40 to 70, included Christians, agnostics, atheists, Muslims, Buddhists, and Taoists. Researchers recorded approximately 900 conversations, noting that many visitors found the experience moving and user-friendly. Despite positive feedback, the project sparked controversy on social media. Bishop James Long of the United States Old Catholic Church criticized it as "not sacramental" and "sacrilege." Haslbauer noted some social media comments labeled the experiment "blasphemous" and "the work of the devil."Schmid emphasized that the AI Jesus was an artistic experiment meant to provoke thought about the intersection of the digital world and the divine, not to replace human interaction or sacramental confessions. He clarified that the project was not intended to conserve pastoral resources. The Catholic Church continues to explore the challenges and opportunities presented by artificial intelligence, especially following the rise of OpenAI’s ChatGPT. The experiment has highlighted the ongoing debate about the role of AI in religious contexts and its potential impact on traditional practices.
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