Crypto Industry News:
Vitalik Buterin, co-founder of Ethereum and recognized as a thought leader in the field of cryptocurrencies, warns that artificial intelligence (AI) if not properly controlled has a serious chance of surpassing humans to become the new major species on the planet.
In his latest blog post on Nov. 27, Buterin outlined his thoughts on AI, which he considers "fundamentally different" from other recent inventions such as social media, contraception, airplanes, guns, the wheel and the printing press.
According to Buterin, AI differs from other technologies because it creates a new type of "mind" that can turn against human interests. He stressed that superintelligent AI could potentially end the existence of humanity, especially if it considers humans a threat to its survival. "Even Mars may not be safe," he added, referring to humanity's possible escape to another world.
Buterin referred to an August 2022 survey in which over 4,270 machine learning researchers estimated a 5-10% chance that AI will kill humanity. While these claims may seem "extreme," Buterin pointed out that there are ways for people to survive and maintain control.
He proposes the integration of brain-computer interfaces (BCI) so that humans have greater control over powerful AI-based forms of computation and cognition. BCI is a communication path between the brain's electrical activity and an external device such as a computer or artificial limb.
This approach would reduce the two-way communication loop between human and machine from seconds to milliseconds. Buterin suggests that this route would be "safer" because humans could participate in every decision made by the AI machine. "We can reduce the incentive to shift the responsibility for high-level planning to AI. Thereby reducing the chance that artificial intelligence will do something completely inconsistent with human values on its own."
He also points to "active human intent" as a way to steer AI in a direction that benefits humanity, since profit maximization doesn't always lead humans to the most desirable paths.
Technical Market Outlook:
The BTC/USD pair has bounced from the technical support located at the level of $35,640 and made a new swing high located at $38, 456. Any violation of this level would extend the rally towards the next target seen at $40,000. The intraday technical support is seen at the level of $35,640 and the intraday technical resistance is located at $37,770 and $38,028. The strong and positive momentum on the H4 time frame chart support the short-term bullish outlook for BTC, but for now the market keeps consolidating in a narrow horizontal zone. Breakout is widely expected.
Weekly Pivot Points:
WR3 - $45,191
WR2 - $40,087
WR1 - $39,050
Weekly Pivot - $36,555
WS1 - $34,731
WS2 - $32,234
WS3 - $27,915
Trading Outlook:
The bulls have successfully breached the pivotal level of $25,442, marking a significant shift in the mid-term outlook for BTC towards a bullish trajectory. The next objective for the bulls is set at $40,000. The potential for a sustained long-term uptrend remains, provided the critical level of $19,572 is not decisively violated.
