Gm. Give me regulation, or give me death.

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POLLS

Something something jingle bells:

Christmas: “Because there’s magic in the air at that time of year! Everyone seems more relaxed and in high spirits!” Can’t argue with that.

4th of July: “USA” **** yeah.

Halloween: “Proof (if you ever need it) that drag isn’t dangerous” I learned this unintentionally in an NYC bar.

For today:

🏠 CRYPTO/AI

Worldcoin Raises $100M

Loyal readers of Homescreen know that Sam Altman is way more than just an AI nerd. The man is involved in just about every field imaginable. Energy, longevity, and, like every great thinker of our time, crypto.

Yep, Sam Altman is a crypto bro. And his project, Worldcoin, is now close to finishing a $100M raise.

Anybody remotely involved with crypto knows that raising $100M in this market is akin to solving world hunger. But investors have good reason to bet big on Worldcoin: it’s attempting to solve the issues of AI with blockchain technology.

Worldcoin Fixes This

AI, despite all of its wondrous potential, is an unknown entity:

• What are the consequences of an AI workforce?

• How will people find meaning in an AI utopia?

• How do you prove you are human in a world where AI is ubiquitous?

Worldcoin seeks to address these questions through a three-pronged product suite consisting of a:

• Global ID, which acts as a digital passport verifying you are human.

• Global currency, which will provide holders with an AI-funded UBI.

• Wallet app, which enables payments, purchases, and transfers with both cryptocurrencies and traditional money.

It sounds pretty good. After all, who wouldn’t want payouts from our robot underlings?

Unfortunately, there’s a catch.

Scan Those Eyeballs

At the core of Worldcoin is being human. The Global ID proves you’re human, the currency provides humans with AI-funded income, and the app enables humans to manage their money.

But, how does Worldcoin know your human?

Answer: Through scanning their eyeballs into metal orbs.

Better get those eyeballs ready.

The Big Picture: Sam Altman isn’t just building AI, he’s also building solutions to the issues brought on by AI. If he can convince people to scan their eyeballs into strange orbs, then he may have yet another winner on his hands.

🏠 AI

Mr. Altman Goes To Washington

The “tech CEO testifies before Congress” is a uniquely hilarious phenomenon. Whether it’s Zuckerberg explaining how internet companies make money or a poor Congressman learning what WiFi is in real time, these hearings are typically high in meme-ability, low in substance.

But, to the benefit of us all, Sam Altman’s hearing on AI today was actually, dare we say…productive. There were no gaffes. No ultra-combative and pointless exchanges. Just intelligent discussion.

And that’s largely because Altman (to their surprise) actually agrees with Congress in thinking that AI needs to be immediately regulated:

• He advocated for the establishment of a federal oversight agency with the authority to issue and revoke developmental licenses if AI models aren’t up to safety standards.

• Stated that creators should be compensated when their work is used to train AI models.

• Believes that people who suffer harm using AI products should be able to sue the developer.

But, is that all that’s going on here? Is Altman truly just an AI mogul looking to protect the world from his creation?

Not everybody is so convinced.

There is a loud chorus of people concerned that Altman’s motives in regulating AI are not for humanity’s good, but to protect his company’s moat. The theory goes that if it becomes more difficult to start an AI company, OpenAI will remain on top for longer. It’s regulatory capture at its finest.

Let’s hope that his motives are truly what they appear to be.

Why should I care? AI is absolutely revolutionary, and nobody knows its full consequences yet. If there was ever a technology to track regulatory dealings in, this is it.

🏃‍♀️ QUICKIES

What else is going on?

• OpenAI is readying a new open-source AI model.

• Say hello to 3D ceramic printing.

• Amazon is building an AI-powered ‘conversational experience’ for search.

• SpaceX has hired NASA’s former head of human spaceflight.

Stat: Microsoft’s massive $69B purchase of Activision Blizzard has finally gone through, handing the tech giant a huge victory.

Rabbit hole: How Open Should Your Open-Source Be (GitHub)

😂 WACKY AI IMAGE WEDNESDAY

Shib to the 🚀🌕

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