Mike Novogratz: Why AI, Not Crypto, Should be the Government’s Main Concern
On March 28, Galaxy Digital conducted its Q4 2022 Shareholder Update Conference Call, during which CEO Mike Novogratz discussed various critical issues impacting the industry.
These issues included the collapse of FTX, the US banking crisis, and the mounting regulatory pressure on the cryptocurrency industry.
Novogratz provided valuable insights into the company’s strategic direction amidst the challenging landscape.
In the transcript, Novogratz expressed surprise at the regulatory scrutiny on the cryptocurrency industry instead of Artificial Intelligence (AI), which he argued posed a more significant threat to society. Despite the industry’s challenges, Novogratz remains optimistic about its potential to transform the financial world.
During the call, Novogratz highlighted the potential dangers of deep fakes, warning that advances in AI technology could have serious implications for individuals and businesses.
Despite these challenges, Novogratz remains optimistic about the future of cryptocurrency and blockchain technology, which he believes can help address some of the challenges posed by AI and revolutionize a wide range of industries.