SEC Chief Cautions Centralized AI Risks; Decentralized Blockchain Promises Data Privacy and Control

AI capabilities bring risks like centralized control and data privacy issues, showing the need for decentralization that blockchain provides.

SEC chair warned centralized AI models could create systemic financial system risks.

Blockchain can ensure integrity and attribution for AI-generated content through an immutable database.

79% of people want more control over their online identity and prioritize data privacy, aligned with blockchain principles.

Convergence of AI and blockchain represents the future, moving towards a decentralized, empowering web3 iteration of the internet.