Galaxy Digital CEO calls blockchain the salvation from dipfakes

Galaxy Digital CEO calls blockchain the salvation from dipfakes

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Author: Robert Strickland (crypto expert)
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Galaxy Digital CEO calls blockchain the salvation from dipfakes
Galaxy Digital CEO Mike Novogratz called blockchain and cryptocurrencies the salvation from the threats posed by the development of AI
Mike Novogratz believes that cryptocurrencies will help combat identification problems that may arise from the proliferation of dipfakes created by artificial intelligence

Cryptocurrencies and blockchain will play a huge role in combating the threats posed by the development of artificial intelligence (AI) technologies, Galaxy Digital CEO Mike Novogratz said during a conference call with company shareholders. According to him, there will soon be a huge number of dipfakes (fake photos and videos) created by AI, which will lead to a crisis in the field of identification.

Crypto-regulation and the use of blockchain technology were brought up in the discussion. Novogratz said that one of the best uses for them could be identity identification in the age of AI.

"In many ways, one of the best uses of cryptocurrencies will be identity identification in the era of AI development, because very soon you're going to get a fake Mike Novogratz. The dipfake world will become much more common, and how do you prove your identity in such a world?

At the same time, he noted that the government spends a lot of time trying to regulate cryptocurrencies, but fails to notice the risks posed by the development of AI.

Earlier more than 1 thousand famous scientists and engineers, including Elon Musk and Steve Wozniak, published an open letter calling to suspend the training of artificial intelligence systems, more powerful than GPT-4, at least for six months.

Studies have shown that such systems competing with humans could pose a serious danger to humanity, the statement said.

Cryptocurrency companies have also begun to use AI technology. The Coinbase exchange tested ChatGPT as a tool to verify tokens before a possible listing and compared the results to a standard verification procedure. The results showed that ChatGPT has not yet reached the desired level of accuracy, but showed enough potential that Coinbase will continue to explore.

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