Biden Signs Executive Order to Enhance AI Infrastructure at Federal Sites
President Joe Biden has signed an executive order to enhance the U.S. infrastructure for Artificial Intelligence (AI). Key points include:
- Private entities can access federal sites to build AI infrastructure.
- Department of Energy and Department of Defense directed to lease federal sites.
- Access to clean energy is aimed at supporting economically feasible AI development.
“AI is poised to have large effects across our economy... the significant and growing electricity needs of large-scale AI operations present a new opportunity for advancing American leadership in the clean energy technologies that will power the economy,” noted a White House statement.
The executive order also mandates top AI developers to share safety test results with the U.S. government. This move is expected to impact the web3 and blockchain sectors significantly.
Current market data shows:
- Top AI-focused coins have a market cap over $44 billion and a 24-hour trading volume of around $4.4 billion.
- AI agent coins exceed a market cap of more than $13 billion and a trading volume of approximately $2.9 billion.
- Tokens in the memecoin category focused on AI technology have a market cap of about $7.58 billion and a trading volume exceeding $2.4 billion.
The development of AI infrastructure is expected to boost AI-focused crypto projects. The upcoming Trump administration may introduce favorable crypto regulations, including an executive order on its first day. This could lead to substantial growth in the cryptocurrency industry linked to AI advancements.