OpenAI CEO is positive about worldwide coordination on AI and its impact on crypto AI projects.

  • The CEO of OpenAI, Sam Altman, is currently visiting several capital cities in Asia.
  • He has already toured Tokyo and is expected to visit Singapore, Indonesia, and Australia.
  • Altman expressed optimism about global AI coordination during his trip, which could benefit AI-based crypto projects.

Altman stated that he was optimistic about international cooperation in artificial intelligence (AI) after visiting Asian capital cities. OpenAI, the developer of ChatGPT, is backed by Microsoft Corp and wants to take advantage of the surge of interest in generative AI. Altman also wants to influence regulations for the field.

During his visit to Japan, Altman expressed interest in setting up a local office in the country. In spite of its major players in manufacturing investing heavily in automation technology, Japan is behind other countries in AI.

Altman is scheduled to visit Indonesia, Australia, and Singapore before returning to the US.

AI regulations around the world

Generative AI that can produce text and images has both excited and alarmed people due to its potential to reshape many industries. As a result, regulators are working to adapt current rules and create new guidelines for the AI industry.

The United States plans to adapt existing laws for AI instead of creating new legislation. The European Union has already passed an AI regulation banning systems that pose “unacceptable” risks to human life. This could put European governments in conflict with US tech giants who have invested billions in AI technology.

Most proposed AI regulations aim to ensure that systems do not interfere with human lives, which could benefit AI-based cryptocurrency projects. These projects combine blockchain and AI technology to process data and enable efficient financial transactions, making them less likely to be negatively affected by the proposed regulations.

AI-based cryptocurrencies were not spared in the recent crypto market decline following the US SEC crackdown on cryptocurrencies, but they have been performing well since ChatGPT was launched in 2022. The number of AI-based cryptocurrencies has grown exponentially with many new blockchain projects leveraging AI technology to address different challenges.

AltSignals, a trading signals platform, is one of the latest entrants in the industry with its new AI-based cryptocurrency called ASI. The platform’s new AI project has become popular, with the first stage of the ASI presale being 92.43% sold out at press time.

Currently, the top five largest AI cryptocurrencies by market cap according to Coingecko are Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), and Akash Network (AKT). The largest, Render, has a market cap of $651,359,605, while the fifth, Akash Network, has a market cap of $99,731,536.