US President Joe Biden Signs Executive Order to Facilitate AI Infrastructure Development
Less than a week away from the much-anticipated inauguration of crypto-supporting US President-elect Donald Trump, outgoing US President Joe Biden has made a strategic move to ensure the growth of artificial intelligence (AI) infrastructure . In a statement released on January 14, President Biden signed an executive order to accelerate the development of artificial intelligence infrastructure.
The latest executive order on artificial intelligence technology directs the Department of Defense (DoD) and the Department of Energy to lease federal sites to private entities to build artificial intelligence infrastructure quickly and at scale.
“Building AI infrastructure in the United States is a national security imperative. As AI capabilities grow, so do its implications for the security of Americans.” famous.
This is not the first executive order targeting the artificial intelligence industry. As early as October 30, 2023, President Biden issued an executive order setting new standards for artificial intelligence security to ensure trustworthy development and adoption.
Impact on the cryptocurrency industry
The use of artificial intelligence technology in the blockchain industry has grown significantly over the past year. According to the latest market data as of this writing, the total market capitalization of cryptocurrencies focused on the artificial intelligence industry exceeds $43 billion, with an average 24-hour trading volume of approximately $4.5 billion.
The market capitalization of crypto tokens focused on artificial intelligence agents has grown to approximately $13.5 billion, with an average 24-hour trading volume of approximately $2.9 billion. The market capitalization of the top AI Meme coins has grown to $7.4 billion, with average daily trading volume of approximately $2.4 billion, led by ai16z (AI16Z).
Ahead of U.S. President Donald Trump’s pro-crypto administration, further development of U.S. AI infrastructure will be a huge game-changer for AI-focused crypto projects.
