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.’”
The NFT concept might work well for things in the real world except it has to usurp the established existing system which is never gonna happen.
I, for one, would love to be able to encode things like property ownership in a NFT to be able to transfer it myself instead of throwing money at agents, lawyers and the local authorities to do it on my behalf.
What NFT’s ended up as was of course yet another tool for financial speculation. And since nothing of real world utility gets captured in the NFT, its worth is determined by trust me bro