Mike Novogratz says he's shocked US regulators are cracking down on crypto and not AI: "The government's got it completely upside-down"

The Galaxy Digital CEO says AI could trigger a "deep fakes" identity crisis, and that US regulators are turning a blind eye to such risks as they clamp down on crypto.

Highlights

• Mike Novogratz says he’s shocked US regulators are cracking down on crypto and not artificial intelligence.
• The Galaxy Digital CEO says AI threatens to trigger a “deep fakes” identity crisis.
• He says the government has “got it completely upside-down” on AI regulation.
• AI has been a heavily discussed topic since the debut of ChatGPT, which was launched in November.
• Hype around the chatbot has lifted artificial intelligence stocks including Nvidia, which has surged about 83% since the start of 2023.
• The Federal Trade Commission is skeptical about the AI revolution since it could introduce online bias, discrimination, and other consumer harms.

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