‘We have lost control’: Crypto pioneer warns AI could trigger systemic banking and infrastructure shocks
Marc van der Chijs sold much of his bitcoin to invest in AI. Now, growing concerns about the technology accompany a move to put some profits back into crypto.
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Summary
- Hut 8 co-founder Marc van der Chijs says competition among companies and nations has accelerated artificial intelligence development beyond human control, potentially putting financial systems and critical infrastructure at risk.
- He predicts AI and robotics could eventually perform 90% to 95% of existing jobs and sharply reduce costs, forcing governments to consider new revenue sources such as taxes on robots or AI usage.
- Van der Chijs has shifted much of his investment from bitcoin to AI and favors AI data centers over bitcoin mining, but he still considers bitcoin the best asset to hold for life.
