Innovation
Panelists at CES 2021 Agree Widespread Adoption of Cryptocurrency Is Imminent

January 19, 2021—Leaders in cryptocurrency and digital assets alike agreed that it is only a matter of time before widespread adoption begins, during a Wednesday panel that aired as part of the Consumer Technology Association’s Consumer Electronics Show.
According to Catherine Coley, CEO of BinanceUS, individuals who have yet to adopt cryptocurrency face two main barriers: the high cost to enter the market and the technical learning curve. Coley is hoping to change that as her company lowered entry fees and boosted its support services to all.
Coley believes that Bitcoin and other digital currencies’ reputation of being risk-fraught investments is invalid, yet has resulted in a slow, but continual, rise in adoption.
Being forced to work with antiquated or even non-existent laws and regulations is a challenge the industry faces. Caitlin Long, founder and CEO of Avanti Bank & Trust, said that Bitcoin has a hard time fitting with current laws since there aren’t currently any laws to guide it, as there are for traditional financial issues.
Long believes that creating more backward-compatible legal structures will help the two forms of currency coexist better.
Despite a lack of rules for its regulation, the laws that exist can make it difficult for crypto firms to operate in, including dinging their camel score, an international rating system used by regulatory banking authorities, causing a high-risk reputation to remain.
Crypto should be merged with the traditional world of coins and recognized as an equally competent player, said Jeanine Hightower-Sellitto, CEO at Atomyze LLC. Building blockchain-based platforms to improve efficiency, allowing titled ownership in cryptocurrency, and having scalable investors’ systems is critical, she added.
Matthew Roszak, chairman and co-founder at Bloq, Inc., says that despite being told cryptocurrency was pseudo currency, he still sees 2021 as a year be a massive rush into bitcoin. The infrastructure and narrative for it must improve, though.
Public acceptance and integration of cryptocurrency could get a huge head start if big banks and financial institutions mix crypto offerings with traditional financial products and services. Every central bank and institution has a dedicated blockchain group working on how best to handle cryptocurrency, but few want to be the pioneer at the forefront, panelists said.
Artificial Intelligence
Sen. Bennet Urges Companies to Consider ‘Alarming’ Child Safety Risks in AI Chatbot Race
Several leading tech companies have rushed to integrate their own AI-powered applications

WASHINGTON, March 22, 2023 — Sen. Michael Bennet, D-Colo., on Tuesday urged the companies behind generative artificial intelligence products to anticipate and mitigate the potential harms that AI-powered chatbots pose to underage users.
“The race to deploy generative AI cannot come at the expense of our children,” Bennet wrote in a letter to the heads of Google, OpenAI, Meta, Microsoft and Snap. “Responsible deployment requires clear policies and frameworks to promote safety, anticipate risk and mitigate harm.”
In response to the explosive popularity of OpenAI’s ChatGPT, several leading tech companies have rushed to integrate their own AI-powered applications. Microsoft recently released an AI-powered version of its Bing search engine, and Google has announced plans to make a conversational AI service “widely available to the public in the coming weeks.”
Social media platforms have followed suit, with Meta CEO Mark Zuckerberg saying the company plans to “turbocharge” its AI development the same day Snapchat launched a GPT-powered chatbot called My AI.
These chatbots have already demonstrated “alarming” interactions, Bennet wrote. In response to a researcher posing as a child, My AI gave instructions for lying to parents about an upcoming trip with a 31-year-old man and for covering up a bruise ahead of a visit from Child Protective Services.
A Snap Newsroom post announcing the chatbot acknowledged that “as with all AI-powered chatbots, My AI is prone to hallucination and can be tricked into saying just about anything.”
Bennet criticized the company for deploying My AI despite knowledge of its shortcomings, noting that 59 percent of teens aged 13 to 17 use Snapchat. “Younger users are at an earlier stage of cognitive, emotional, and intellectual development, making them more impressionable, impulsive, and less equipped to distinguish fact from fiction,” he wrote.
These concerns are compounded by an escalating youth mental health crisis, Bennet added. In 2021, more than half of teen girls reported feeling persistently sad or hopeless and one in three seriously contemplated suicide, according to a recent report from the Centers for Disease Control and Prevention.
“Against this backdrop, it is not difficult to see the risk of exposing young people to chatbots that have at times engaged in verbal abuse, encouraged deception and suggested self-harm,” the senator wrote.
Bennet’s letter comes as lawmakers from both parties are expressing growing concerns about technology’s impact on young users. Legislation aimed at safeguarding children’s online privacy has gained broad bipartisan support, and several other measures — ranging from a minimum age requirement for social media usage to a slew of regulations for tech companies — have been proposed.
Many industry experts have also called for increased AI regulation, noting that very little legislation currently governs the powerful technology.
Innovation
VON Evolution Conference Will Address Intersection of Telecom, AI, 5G and Blockchain
The New York City event on April 18 aims to foster conversations through a salon-like atmosphere.

WASHINGTON, March 21, 2023 — Industry leaders and innovators will come together to discuss the latest advancements in telecom, artificial intelligence, 5G and blockchain at the recently announced VON: Evolution conference on April 18.
Through a series of fireside chats and in-depth conversations, VON: Evolution will examine modern communication technologies and look toward the future. In addition to featuring insights from industry experts, the New York City event aims to foster a salon-like atmosphere, facilitating thought-provoking conversations between attendees.
VON: Evolution will be curated by Jeff Pulver, founder of Vonage and a prominent voice-over-IP entrepreneur.
“Industries and technologies are intersecting and they will continue to at a rapid rate,” Pulver said. “By holding the VON: Evolution salon, the goal is to bring to light what’s really emerging, by having conversations with the actual creators who can bring greater insight and perspective, and enable others at the forefront of advancements to be engaging across the four industries, not just in their own ecosystems.”
Speakers at the conference will address a wide range of topics, with a particular emphasis on the intersections of multiple technologies. The digital program features a full list of topics and speakers, including Althea CEO Deborah Simpier, Foursquare Co-Founder Dennis Crowley, Agoric COO Michael Jablon and several others.
Broadband Breakfast is a sponsor of VON: Evolution. Use promo code “broadband” for a 10 percent discount on the registration price.
Artificial Intelligence
Oversight Committee Members Concerned About New AI, As Witnesses Propose Some Solutions
Federal government can examine algorithms for generative AI, and coordinate with states on AI labor training.

WASHINGTON, March 14, 2023 – In response to lawmakers’ concerns over the impacts on certain artificial intelligence technologies, experts said at an oversight subcommittee hearing on Wednesday that more government regulation would be necessary to stem their negative impacts.
Relatively new machine learning technology known as generative AI, which is designed to create content on its own, has taken the world by storm. Specific applications such as the recently surfaced ChatGPT, which can write out entire novels from basic user inputs, has drawn both marvel and concern.
Such AI technology can be used to encourage cheating behaviors in academia as well as harm people through the use of deep fakes, which uses AI to superimpose a user in a video. Such AI can be used to produce “revenge pornography” to harass, silence and blackmail victims.
Aleksander Mądry, professor of Cadence Design Systems of Massachusetts Institute of Technology, told the subcommittee that AI is a very fast moving technology, meaning the government needs to step in to confirm the objectives of the companies and whether the algorithms match the societal benefits and values. These generative AI technologies are often limited to their human programming and can also display biases.
Rep. Marjorie Taylor Greene, R-Georgia, raised concerns about this type of AI replacing human jobs. Eric Schmidt, former Google CEO and now chair of the AI development initiative known as the Special Competitive Studies Project, said that if this AI can be well-directed, it can aid people in obtaining higher incomes and actually creating more jobs.
To that point, Rep. Stephen Lynch, D-Massachusetts., raised the question of how much progress the government has made or still needs in AI development.
Schmidt said governments across the country need to look at bolstering the labor force to keep up.
“I just don’t see the progress in government to reform the way of hiring and promoting technical people,” he said. “This technology is too new. You need new students, new ideas, new invention – I think that’s the fastest way.
“On the federal level, the easiest thing to do is to come up with some program that’s ministered by the state or by leading universities and getting them money so that they can build these programs.”
Schmidt urged lawmakers last year to create a digital service academy to train more young American students on AI, cybersecurity and cryptocurrency, reported Axios.
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