Decentralized AI Advances on TON as Crypto Firms Intensify Lobbying Amidst Broader AI Regulatory Push
Decentralized AI Advances on TON as Crypto Firms Intensify Lobbying Amidst Broader AI Regulatory Push
Telegram's new Cocoon network, powered by TON, is set to decentralize AI compute, allowing GPU owners to earn crypto for providing resources. This development comes as major crypto exchanges, notably Kraken, significantly increase their lobbying efforts in the EU to shape an evolving regulatory landscape. Concurrently, lawmakers are introducing new legislation, such as the GUARD Act, to regulate AI interactions, particularly for minors, highlighting a growing trend of governmental oversight across emerging technologies.
Telegram Launches TON-Powered Decentralized AI Network
Telegram founder Pavel Durov has unveiled 'Cocoon', a groundbreaking decentralized AI network built upon the TON blockchain. This initiative empowers GPU owners to earn cryptocurrency by contributing private AI compute resources, marking a significant step towards democratizing access to AI processing power. Cocoon aligns with the broader Web3 philosophy of decentralization and user sovereignty, promising a new avenue for participation in the AI economy.
Crypto Exchanges Ramp Up EU Lobbying Amidst Regulatory Scrutiny
In a related development, the cryptocurrency industry is actively engaging with policymakers to navigate the complex regulatory environment. Reports indicate that leading crypto exchanges, including Kraken, have substantially increased their lobbying expenditures in the European Union, outpacing competitors like Coinbase. This proactive stance reflects the industry's commitment to influencing emerging regulations and ensuring a conducive operational framework for digital assets within the EU.
Legislative Focus on AI Ethics and Safety Intensifies
Beyond the immediate crypto sphere, the broader field of artificial intelligence is facing heightened regulatory attention. A bipartisan bill, the GUARD Act, has been introduced in the US Senate, aiming to ban AI companions for minors due to growing concerns over mental health impacts. This proposed legislation seeks to criminalize exploitative AI interactions with children and mandate transparency from companies regarding human-AI communication. Such initiatives underscore a global trend of governments establishing ethical guidelines and safeguarding users as AI technologies become increasingly integrated into daily life.