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Trust in AI technology and the companies that develop it is dropping, in both the U.S. and around the world, according to new data from Edelman shared first with Axios.
Why it matters: The move comes as regulators around the world are deciding what rules should apply to the fast-growing industry. “Trust is the currency of the AI era, yet, as it stands, our innovation account is dangerously overdrawn,” Edelman global technology chair Justin Westcott told Axios in an email. “Companies must move beyond the mere mechanics of AI to address its true cost and value — the ‘why’ and ‘for whom.’”
Crypto would if it was inflationary. The value of currency is in exchange, and we could genuinely just UBI everyone some line-goes-down-coins and watch an economy emerge. You will lose value every single time you perform a transaction, but you will lose more later than you’d lose now. Give people every reason to get rid of them, as quickly as possible, and even security barely matters.
But it would go from people throwing them around for fun, to trading a bunch for art or tech support, to accepting them as cash for tangible repairs, and on and on. It’s a slightly goofy way to move value over the internet… without ever making people money, just by holding a lot of it.
Though doing that with a blockchain is still more wasteful and less functional than one website managing everybody’s “Beenz.”