Biden AI plan is one step in avoiding crypto trap

U.S. President Joe Biden speaks about his administration’s commitment to seizing the opportunities and managing the risks of Artificial Intelligence, in San Francisco, California, U.S., June 20, 2023. REUTERS/Kevin Lamarque Acquire Licensing Rights NEW YORK, Oct 30 (Reuters Breakingviews) – It will take more than a presidential pen-stroke to solve artificial intelligence. On Monday, U.S. President Joe Biden signed an executive order establishing regulatory guardrails for the technology that looks set to upend humanity. It still leaves a big hole for Congress to fill. Failing to do so risks the sort of piecemeal enforcement that hobbled cryptocurrencies, but with much…