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During a keynote speech on the Bitcoin Conference in Las Vegas on Wednesday, US Vice President JD Vance framed generative AI and cryptocurrency as symbols of a rising ideological divide within the tech business. Speaking to cryptocurrency advocates and business gamers, Vance’s remarks mirrored broader tensions between Silicon Valley and the present political institution.
“One of the ways you hear this stated is that crypto is fundamentally a conservative or right-leaning technology, and artificial intelligence is fundamentally a left-leaning or a communist technology,” Vance stated throughout his keynote speech.
He acknowledged this classification could also be an oversimplification of the best and left, after which added there’s fact to it.
“What I’ve noticed is that very smart right-wing people in tech tend to be attracted to Bitcoin and crypto, and very smart left-wing people in tech tend to be attracted to AI,” Vance stated.
Vance additionally urged cryptocurrency lovers to keep watch over how generative AI impacts their respective fields. Generative AI has touched practically each facet of tech over the previous few years.
“I’d ask you all to remember that what happens in AI is very much going to affect in good and bad ways what happens in Bitcoin,” he stated. “Make sure you’re keeping tabs on and staying involved in what’s happening in artificial intelligence.”
President Donald Trump helps crypto business
Although cryptocurrency is now not a dominant buzzword because it was throughout its heyday from 2018 to 2020, it has remained related in each the finance and tech sectors.
Trump has been outspokenly pro-crypto, together with appointing cryptocurrency backer Paul Atkins as chair of the Securities and Exchange Commission.
Like AI, cryptocurrency has contributed to right now’s increase in information heart growth and the related environmental dangers. As such, AI and cryptocurrency firms compete for restricted energy infrastructure. In different instances, information facilities constructed for cryptocurrency mining have been transformed to run AI workloads.
Read eWeek’s protection about Vance’s feedback on regulation throughout this yr’s Paris AI Action summit, in addition to how Elon Musk is reprioritizing his companies, together with xAI, after serving as an advisor to the Trump administration.
