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▲ Artificial Intelligence (AI)
As U.S. President Donald Trump pushes to change the official name of artificial intelligence (AI), the betting fervor in prediction markets is heating up. Following President Trump's criticism that the current name 'Artificial Intelligence' does not adequately capture the essence and value of the technology, there is a 70% probability of an official renaming within the year.
According to Benzinga, a U.S. financial media outlet, on September 29 (local time), the probability of Trump changing the official name of AI by the end of the year reached 70% on the decentralized prediction market platform Polymarket. Over $650,000 in funds flowed into this betting contract, demonstrating high interest. Market participants estimated a 56% chance of the name changing by September 30, 64% by October 31, and the probability of an official administrative action by December 31 surged to 70%, a 20 percentage point increase from a week ago.
Earlier this month, Trump criticized the term 'artificial intelligence' as an inaccurate and very crude description of the technology. He then proposed alternative names such as 'Superior Intelligence,' 'Extreme Intelligence,' and 'Supreme Intelligence' and began gathering public opinion. Among these, Superior Intelligence gained the most support, and Trump also reaffirmed his opposition to technology regulation in his UN General Assembly speech, proposing the adoption of a new name, 'Super Intelligence.'
Along with the name change, a plan to establish a judicial oversight system for the AI industry was also revealed. Trump announced his plan to create an 'AI Force,' inspired by the Space Force model, and appoint an 'AI Czar' as the dedicated head. The aim is to thoroughly detect and punish malicious and illegal activities within the AI industry using the existing criminal justice system.
However, within political circles, criticism arose that this push for a name change was a political show detached from the core issue. Former Congresswoman Marjorie Taylor Greene directly criticized Trump's rebranding efforts, pointing out, "Simply putting a new label on it does not solve serious side effects such as power consumption, water consumption, and noise caused by AI data centers." This was a sharp rebuke, suggesting that it was merely a cosmetic change, ignoring the real problems on the industrial front.
Under the settlement rules of prediction markets, simple verbal statements or social media posts are excluded; a name change is only established when an executive order or official declaration is announced. With the probability of an AI name change surging to 70%, market attention is focused on whether Trump's official administrative signature will materialize within the year, thereby enforcing a new standard name across the global tech industry.
[Article Key Summary]
-The probability of U.S. President Donald Trump officially changing the name of AI within the year has surged to 70% in prediction markets.
-Trump criticized AI as an inaccurate name, proposing Superior Intelligence, and revealed plans to establish an AI Force.
-Some in political circles criticized that the name change would not cover up essential side effects such as environmental issues with data centers.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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