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AI Has Been a ‘Net Negative’ for Crypto: Phemex CEO
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
5 Articles
5 Articles
Cointelegraph+2 Reposted by 2 other sources
AI Has Been a ‘Net Negative’ for Crypto: Phemex CEO
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
·New York, United States
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Illustrative image Photo: PexelsCEO of Phenex states that AI diverted capital from cryptocurrencies and strengthened invaders
Phemex CEO Warns AI Adoption Has Been “Net Negative” for Crypto
Phemex CEO Federico Variola is pushing back on the idea that AI will automatically be beneficial for crypto, arguing that the technology has so far acted as a “net negative” by pulling liquidity away from the sector and increasing the scale and sophistication of cyberattacks. Speaking on Cointelegraph’s Chain Reaction, Variola warned that faster exploitation [...]
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
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