In the ever-evolving landscape of technology, two groundbreaking fields have been capturing headlines in recent years: artificial intelligence (AI) and blockchain. Their convergence has the potential to shape the future of various industries, but not without its fair share of controversies and regulatory challenges. In this blog post, we delve into the latest developments in AI and blockchain, exploring the Sarah Silverman lawsuits, the surge in Bitcoin Ordinals, and China’s proposed regulations.

1. Lawsuits Shake the AI Landscape:
Beloved comedian Sarah Silverman has taken legal action against OpenAI and Meta, accusing them of using her copyrighted material without permission to train their AI programs. These lawsuits highlight the ongoing debate surrounding AI’s creation of original content. Some argue that AI tools simply generate content based on existing human works, while others contend that AI can achieve true originality. If successful, these lawsuits could potentially influence the way AI programs operate, impacting the training datasets and ensuring proper attribution and licensing of copyrighted materials.

2. Bitcoin Ordinals Experience a Boom:
Bitcoin Ordinals, a novel method for generating non-fungible tokens (NFTs) through inscribing, has witnessed a surge in activity since the introduction of the BRC-69 token standard. Over 350,000 new inscriptions were recorded on a single day, indicating a significant increase following the launch. The BRC-69 token standard was specifically designed to reduce inscriptions’ cost for Ordinals by more than 90%. Notably, fees for inscriptions have remained stagnant despite the rise in demand. The surge can be categorized into two waves, with image-based inscriptions leading the first and text-based inscriptions dominating the second. Although there has been a decline in activity since May, recent trends suggest a revival, particularly in text inscriptions.

3. China Seeks to Regulate AI Development:
The Chinese government is contemplating additional regulations to govern the development of AI, focusing on content control and licensing. The Cyberspace Administration of China (CAC) intends to establish a licensing system for local companies releasing generative AI systems, building upon existing draft regulations. These forthcoming rules are aimed at ensuring content aligns with “core socialist values” and does not undermine state power or unity. Chinese tech giants, including Baidu and Alibaba, are actively collaborating with regulators to ensure compliance with the impending regulations. This move echoes global calls for the regulation of AI-generated content, emphasizing the need to label generative AI tools to combat the spread of disinformation.

The convergence of AI and blockchain offers immense potential, but it also demands a careful balance between innovation, copyright protection, and responsible regulation. As Sarah Silverman’s lawsuits unfold and China pioneers new regulations, the global tech community eagerly awaits the outcomes and potential ripple effects across industries worldwide. Stay tuned for further developments at the intersection of AI and blockchain.