Technology
Technology

Anthropic claims that no customer data is used for AI education.

Updates to the Claude developer’s commercial terms of service reveal that Anthropic, a generative artificial intelligence (AI) startup, has committed not to exploit client data for large language model (LLM) training.The business also promises to assist users with copyright problems. Anthropic clarified its position by revising its commercial terms of service under the direction of former OpenAI researchers.The modifications will take effect in January 2024 and stipulate that Anthropic’s commercial clients will own any outputs produced by utilizing its AI algorithms.Under these Terms, the business “does not anticipate obtaining any rights in Customer Content.”In the second half of 2023, OpenAI, Microsoft, and Google promised to assist clients who were having legal problems because of copyright disputes pertaining to their technology use.In a similar vein, Anthropic has pledged in its most recent version of its commercial terms of service to shield clients from copyright infringement lawsuits stemming from approved uses of its products or services. Anthropic declared.“Customers will now enjoy increased protection and peace of mind as they build with Claude, as well as a more streamlined API that is easier to use.”  Anthropic promised to pay for any settlements or judgements that are accepted as a result of its AI’s infringements as part of its legal protection offer.Customers of the Claude API and users of Bedrock, Amazon’s generative AI development suite, are covered by these terms. According to the terms, Anthropic does not intend to purchase any rights to user content, nor does it grant any party, directly or indirectly, any rights to the other’s intellectual property or content.Claude, ChatGPT-4, and Llama 2, three advanced LLMs from Anthropic, are trained on large amounts of textual data.Diverse and thorough training data is essential for LLM efficacy because it allows the models to learn from a variety of language patterns, styles, and fresh information, hence increasing accuracy and contextual awareness. In October 2023, Universal Music Group filed a lawsuit against Anthropic AI for violating copyright on “vast amounts of copyrighted works – including the lyrics to myriad musical compositions” that the publishers own or manage.In the meantime, nonfiction writer Julian Sancton is suing OpenAI and Microsoft for allegedly exploiting his work without permission to train AI models, including ChatGPT.

Read More
Technology

DeFi executives forecast that DePINs and AI will be the “power duo” of 2024.

­ Major global manufacturers began implementing decentralized physical infrastructure networks (DePINs) in 2023 to combine blockchain technology with real-world infrastructure. DePINs are blockchain protocols that employ tokens from cryptocurrency markets to provide incentives for the decentralized development and management of physical infrastructure.The Internet of Things (IoT) is becoming more and more linked to it.The DePIN market is currently valued at around $2.2 trillion, and on a trend that could see it reach up to $3.5 trillion in the next four years, according to statistics from digital asset marketing intelligence business Messari.Innovations like the Peaq Network blockchain tokenizing a Tesla fleet via DePIN technology and Bosch’s recent EU-backed initiatives to create a decentralized Internet of things are made possible by the technology. DePIN technology may even prove to be among “this decade’s most important crypto investments,” according to certain conjectures.The subject of these two technologies’ compatibility is brought up by the artificial intelligence (AI) movement’s recent widespread appearance and integration.According to Peaq Network CEO Leonard Dorlöchter, who spoke with Cointelegraph, the DePIN industry is “set to blossom in 2024″ and is “inherently linked with the AI boom.” “Think of it: AI enables machines to function as independent economic agents creating real-world value, and the DePIN model creates an ownership and value distribution framework for that, enabling owners of AI-powered devices to earn from their activities.” Dorlöchter called the DePIN/AI combination a “match made in heaven” and predicts 2024

Read More
Technology

A California lawmaker has proposed moral standards for the state’s AI contractors.

A “safe and ethical framework” for artificial intelligence (AI) service providers operating in the state is the goal of two legislation proposed by California State Senator Steve Padilla (D) on January 3. The first of the two bills, Senate Bill 892, would compel the Department of Technology in California to set safety, privacy, and nondiscrimination guidelines for AI services offered within the state.Should Padilla’s bill be approved, it would forbid the state from entering into any AI-related contracts beginning on August 1, 2025, in the event that the supplier of those services fails to satisfy the established requirements.Senate Bill 893 would mandate the establishment of an AI research hub within the state by the Department of Technology, the Governor’s Office of Business and Economic Development, and the Government Operations Agency. According to Padilla’s proposal, “the hub should further the research, development, deployment, and application of AI technology for the public good.” “We are proud of California’s heritage as a center for technological vision and enforcing ethical, safe standards […] But we cannot allow a few monopolies to control the future of AI. This

Read More
Technology

AI will “significantly” impact legal practice, according to the Chief Justice of the US Supreme Court.

Artificial intelligence (AI) will “significantly” impact legal practice, according to Chief Justice John Roberts of the United States Supreme Court, who made this prediction in the court’s end-of-year report on December 31.Roberts made artificial intelligence a central theme in his annual wrap-up, predicting that judges will “be around for a while.” However,“… with equal confidence, I predict that judicial work—particularly at the trial level—will be significantly affected by AI.” According to what he wrote, judges’ perceptions of AI’s involvement in the cases they hear would likewise shift as a result of AI.Roberts emphasized that courts will have to “consider its proper uses” in litigation as technology advances.Roberts claims that AI can “indisputably assist” the current legal system in advancing the objectives of Federal Rule of Civil Procedures No. 1 implementation, which aims to achieve the “just, speedy, and inexpensive” resolution of cases. He said, “But any application of AI needs humility and caution.”He brought out in particular the issue of “hallucinations” caused by artificial intelligence, when responses generated by the technology present inaccurate or misleading data as fact.Michael Cohen, a former attorney for businessman and US President Donald Trump, accused artificial intelligence on December 31 of creating phony citations in court records.Roberts added, stating emphatically that “key actors in court cannot be fully replaced by machines,” and that judges could gauge a defendant’s “sincerity of allocution” while determining sentence. “Nuance matters,” he said. “Much can turn on a shaking hand, a quivering voice, a change of inflection, a bead of sweat, a moment’s hesitation, a fleeting break in eye contact.” “And most people still

Read More
Crypto Technology

AI can help Bitcoin reach $100K in 2024, according to ChatGPT.

According to GPT-4, the most recent iteration of ChatGPT, an AI chatbot, artificial intelligence (AI) may come into play if Bitcoin’s price hits $100,000 in 2024. The AI chatbot was questioned by Cointelegraph on January 1st about whether Bitcoin would reach $100,000 in value this year and how AI might contribute to this outcome.It’s “theoretically possible,” per ChatGPT, for Bitcoin to hit $100,000 in 2024 should a number of favorable factors come together.It did, however, add that this “remains highly speculative.”Following this, ChatGPT also offered several broad elements—such as favorable regulatory developments, heightened acceptance among retailers and institutions, and inflation or devaluation of the currency—that might support such a scenario. Additionally, according to ChatGPT, the introduction of a spot Bitcoin exchange-traded fund (ETF) might have a favorable effect on the price because it would increase the asset’s accessibility and liquidity.Because the permission could be interpreted as a signal of governmental acceptance, it might also inspire institutional investors to join the market. Then, Cointelegraph questioned ChatGPT about how AI might help Bitcoin hit $100,000 by 2024.The chatbot clarified that artificial intelligence (AI) might be involved via influencing trading tactics, market analysis, and more general blockchain technology breakthroughs.AI systems, according to ChatGPT, can analyze vast volumes of market data and spot patterns and trends that human analysts might overlook.It was mentioned that, depending on the state of the market, AI-driven trading bots might also execute deals at the best times. It was also mentioned that, in a fast-paced market, the bots can react far faster than humans. Although utilizing AI in trading has advantages, there are also major hazards associated with it, like hacking and cyberattacks, according to ChatGPT.Through an arbitrage trading opportunity, a trading bot made $1 million in 2022. However, a hacker misled the bot into accepting a malicious transaction, which resulted in the loss of all the funds.

Read More
Technology

The Council of Europe has approved new rules for ethical AI application in journalism.

On December 29, the Council of Europe declared that it would establish rules for the “responsible implementation” of artificial intelligence (AI) in journalism. The recommendations were first announced on November 30. The Council’s Intergovernmental Steering Committee on Media and the Information Society endorsed them, stating that they represent a “significant contribution” to the advancement of a public communication sector that is human rights compatible and grounded in the rule of law. “They provide practical guidance to the relevant actors, in particular news media organizations, but also states, technology providers and digital platforms that disseminate news, detailing how AI systems should be used to support the production of journalism.” The recommendations include artificial intelligence (AI) systems at several stages of journalistic output, including the choice to utilize AI at the outset and the acquisition and integration of AI tools by media companies within the newsroom.A major component of the rules is the impact AI will have on audiences and society.Consequently, they suggest that member nations, platforms, and technology providers assume certain duties.46 European nations are members of the Council of Europe, which has its headquarters in Strasbourg, France.Its goals are to advance the rule of law, democracy, and human rights. Journalists have observed differing responses to artificial intelligence (AI) as it has become more widely used over the past year.One side, Channel 1 AI has announced that in 2024, a whole newsroom run entirely by AI journalists will be built in order to provide viewers with individualized news. In mid-December, the German media conglomerate Axel Springer declared that it would collaborate with OpenAI to incorporate ChatGPT into its reporting. In the meantime, copyright concerns have been plaguing traditional newsrooms, and some have even claimed that AI models are being trained illegally on the material of media companies.The New York Times’ lawsuit, filed on December 27, against Microsoft and OpenAI for misusing its content in model training, is the most recent example.Remember to peruse our “ultimate 2023 AI guide” to stay up to date on all the developments in AI in 2023.

Read More
Technology

Activision Blizzard’s case alleging gender discrimination in California is settled for $54 million.

The highly publicized case alleging a sexual harassment culture at Activision Blizzard has been settled by a California regulator.According to a news statement from California’s Civil Rights Department (CRD), the gaming corporation, which is now owned by Microsoft, will pay roughly $54 million as part of the settlement. The complaint was brought in July 2021 by the CRD, which was formerly known as the Department of Fair Employment and Housing, or DFEH. The lawsuit claimed that Activision Blizzard maintained a “frat boy” culture in which women were harassed sexually and discriminated against based on their gender.Following the lawsuit, staff members departed, executives—including Blizzard president J. Allen Brack and the company’s former SVP of HR—left, and The Wall Street Journal revealed months later that CEO Bobby Kotick had been aware of complaints of sexual misconduct for years. As part of the settlement deal, the CRD did, however, state that there was no proof of Kotick’s misconduct and that “no court or any independent investigation has substantiated any allegations” of sexual harassment at Activision Blizzard, according to TNY.(The business informed the SEC that there was “no evidence to suggest” that senior officials disregarded complaints of gender harassment, according to an internal probe.)On Friday, the WSJ published a piece regarding the litigation. If a court approves the settlement, Activision Blizzard will pay about $54,875,000 to “cover direct relief to workers and litigation costs,” with $45,750,000 of that going to “a settlement fund dedicated to compensating workers,” the CRD says. Microsoft declared its intention to buy Activision Blizzard for $68.7 billion a few months after California filed a lawsuit.That purchase eventually concluded in October after encountering many regulatory obstacles.Activision Blizzard will retain Kotick through the end of the year.Activision Blizzard and the US Equal Employment Opportunity Commission reached a $18 million settlement in 2022 after a different complaint claimed the corporation engaged in sexual harassment and discrimination. The settlement was authorized by a judge.

Read More
Crypto Technology

Blockstream is readying a new note sale with the goal of profiting off the rising prices of bitcoin mining rigs.

Following the success of Series 1 of its “BASIC” notes, which were intended to capitalize on the rising price of bitcoin mining rigs, Blockstream is making a comeback to the market with Series 2.The September Blockstream ASIC (BASIC) note Series 1 raised $5.075 million for the bitcoin infrastructure company, of which $4.876 million will be used to purchase Antminer S19k Pro ASIC mining equipment. A Blockstream representative stated that the Series 2 target has not yet been revealed.According to an email message on Wednesday, Blockstream wants to take advantage of “historically low prices” for mining hardware in advance of the 2024 bitcoin halving.Designed to profit from the price increase of ASIC mining equipment that Blockstream believes will occur after the halving, BASIC is an investment vehicle denominated in bitcoin. A pitch for the notes describes the investment strategy like this: “Leveraging Blockstream’s long track record, leading market position, substantial scale, broad expertise and strong relationships across the ASIC supply chain, the BASIC structure plans to acquire and warehouse new and unused ASICs at attractive prices, and to eventually strategically sell them back

Read More
Technology

The use of AI deepfake nude services is rapidly increasing: Research

According to social media analytics firm Graphika, “AI undressing” is becoming more popular.This technique makes use of generative artificial intelligence (AI) technologies that are carefully calibrated to remove clothing from user-provided photos.The amount of comments and posts on Reddit and X that included referral links to 34 websites and 52 Telegram channels that offered synthetic NCII services was measured by Graphika, according to its report. It totaled 1,280 in 2022 compared to over 32,100 so far this year, representing a 2,408% increase in volume year-over-year. When artificial intelligence tools are used to produce Non-Consensual Intimate Images (NCII), typically sexual content is generated without the knowledge of the people portrayed. This practice is known as synthetic NCII services.These AI techniques, according to Graphika, make it simpler and more affordable for numerous providers to produce realistic explicit content at scale.In the absence of these providers, clients would have to handle the time-consuming and sometimes costly task of maintaining their own customized image diffusion models.Concerns including targeted harassment, sextortion, and the manufacturing of child sexual abuse material (CSAM) are raised by Graphika, which states that the growing use of AI undressing tools may result in the fabrication of explicit materials. Artificial intelligence (AI) has been used to produce video deepfakes featuring the resemblance of celebrities, such as Tom Hanks and YouTuber Mr. Beast, although undressing AIs usually concentrate on images. The Internet Watch Foundation (IWF), a UK-based internet watchdog organization, revealed in a different study from October that in just one month, it discovered over 20,254 photos of child abuse on a single dark web forum.The IWF issued a warning, saying that child pornography produced by AI might “overwhelm” the internet.The IWF warns that it is now harder to discern real photos from deepfake pornography due to advances in generative AI photography.Artificial intelligence-generated media, especially on social media, is a “serious and urgent” danger to information integrity, according to a June 12 assessment from the UN.On Friday, December 8, the European Parliament and Council negotiators reached a consensus on the regulations governing AI use within the EU.

Read More
Tech Technology

Benefits and Risks of Artificial Intelligence Technology for Banking: Bank of America

According to a study released on Monday by Bank of America (BAC), artificial intelligence (AI) technology has the potential to increase banks’ operational effectiveness. It carries risks as well. “Whilst greater automation – likely to be the first and greatest application of AI technology for banks – has the potential to improve bank productivity and thereby enhance bank returns, we also see some vulnerabilities around broad use of AI in banks,” analysts led by Richard Thomas wrote. The report stated that because the industry is heavily regulated and has access to a lot of sensitive data, banks and supervisors will need to be “comfortable about the risks that accompany the institutionalization of AI.” It also noted that ongoing discussions are taking place between the industry and regulators. Concerns are likely to

Read More
Crypto Technology

Luxor Launches New Company to Accelerate Bitcoin Mining Rig Shipments

Luxor Technologies, a company providing bitcoin mining services, is launching a new venture to reduce hardware shipping issues that miners encounter while purchasing mining equipment and growing their operations internationally. The new division, Luxor Logistics, will put a lot of effort into expediting the convoluted customs procedures in various areas by tailoring delivery and transportation

Read More
Blockchain Technology

Investors in OpenAI demand that Sam Altman take over as CEO again: Report

According to reports, investors are taking issue with OpenAI’s board of directors’ decision to fire CEO Sam Altman. Several investors in OpenAI, the artificial intelligence (AI) startup that created ChatGPT, are allegedly in contact with its largest shareholder, Microsoft, in an attempt to have Altman reinstated as CEO, according to a Nov. 19 Bloomberg article that cited people familiar with the subject.OpenAI stated on November 17 that Mira Murati, its chief technology officer, would take over as CEO in lieu of Altman.The board stated in a blog post that it was difficult to have a thorough knowledge of the operations since Altman’s communication was unclear and dishonest. It has been reported that Thrive Capital, which was expected to lead a tender offer for employee shares, has not yet sent the money, and Altman’s exit will likely affect its plan of action.Thrive reportedly wants to bring back Altman and its president, Greg Brockman, who left the firm on Friday not long after Altman was fired. When word got out that Altman had been let go by the board, Brockman made his departure official.In a post on X, Brockman said, “I quit based on today’s news” (previously Twitter).Three prominent researchers at OpenAI, including director of research Jakub Pachocki, head of readiness Aleksander Madry, and senior researcher Szymon Sidor, left after hearing the news. According to sources, Altman is open to rejoining the company, provided that the current board members vacate their positions by this weekend.Moreover, it has been claimed that Microsoft CEO Satya Nadella has stated that, considering that he was similarly taken aback by the board’s decision, he will support Altman’s choice.Nevertheless, after being fired on Friday, Altman is reportedly working on a new artificial intelligence project, according to reliable sources.Moreover, rumors suggested that Altman would be collaborating with Brockman on this project.

Read More
Blockchain Technology

OpenAI fires Sam Altman, appointing CTO Mira Murati as interim CEO

On the grounds that he was “not consistently candid in his communications with the board,” the board of directors dismissed Altman. In a  recent blog post ChatGPT developer OpenAI announced that founder Sam Altman had resigned from his role as CEO. Mira Murati, the chief technology officer, will become the CEO protemporarily. After a “deliberative

Read More
Blockchain Technology

OpenAI: Co-founders leave after Altman’s dismissal

Greg Brockman announced his resignation, citing recent events and expressing satisfaction with the group’s accomplishments since the company’s establishment. The company’s announcement of Sam Altman’s departure, which it attributed to a lack of confidence in, suggests that internal strife at OpenAI is getting worse. Not long after, president and co-founder of OpenAI Greg Brockman announced

Read More
Technology

Later This Month, Circle Will Allow Cross-Chain USDC Transfers With Cosmos’s Noble

At the end of the month, Noble’s primary network will launch Circle’s Cross-Chain Transfer Protocol (CCTP), an on-chain protocol that makes it easier for users to swap between compatible blockchains without the need for a custodial bridge. Noble is an application-specific blockchain that was developed inside the Cosmos ecosystem and debuted in March 2023. Users that utilize any chain that supports CCTP can transfer their USDC between blockchains.A press statement states that Optimism, Ethereum, Base, and Arbitrum are the current supported chains. The infrastructure makes it easy for companies like dYdX, a decentralized exchange, to integrate with the Cosmos (ATOM) ecosystem and launch their “v4” standalone chain.As per the notice released by DYdX (DYDX), USDC is used as collateral by default for its chain. On November 28, CCTP will go live on the mainnet after being made available on a Noble test network. “What is important here is the sheer amount of USDC liquidity we expect to migrate to Cosmos using this novel non-custodial bridging mechanism,” said Jelena Djuric, CEO and co-founder of Noble. “DYdX is uniquely positioned to be the first power user of CCTP given its v3 product on Ethereum and

Read More
Technology

In the semiconductor manufacturing industry, Canon’s new technology competes with ASML.

On Friday, October 13, Canon, a Japanese corporation known for its printers and cameras, announced a crucial solution intended to help with the creation of cutting-edge semiconductor components.In response to Dutch business ASML, a leading player in the extreme ultraviolet (EUV) lithography machine market, Canon recently unveiled its “nanoimprint lithography” technology, according to a CNBC article.Modern chips, like as those used in the newest Apple iPhones, are produced using ASML’s equipment. The technical competition between China and the United States has been complicated by the use of these machines.China’s access to critical chips and manufacturing equipment has been obstructed by the United States through the use of export controls and various penalties, slowing down the development of the second-largest economy in the world in an area where it is already thought to be underperforming.Due to its vital role in making it possible to produce semiconductors at 5 nanometers and below, ASML’s EUV technology has attracted a lot of attention from top chip manufacturers.A chip’s features are measured in terms of nanometers; smaller values can fit more features on a chip, which improves semiconductor performance. According to reports, Canon has revealed that its new system, the FPA-1200NZ2C, can make semiconductors matching a 5nm process and scale down to 2nm, surpassing the capabilities of Apple’s A17 Pro chip, a 3nm semiconductor used in the iPhone 15 Pro and Pro Max.No EUV lithography machines have been transferred to China as a result of restrictions placed on ASML by the Dutch government.Due to these machines’ crucial function in the creation of cutting-edge semiconductor chips, this limitation arises.It is expected to come under more scrutiny given Canon’s claim that their new machine can make it easier to produce semiconductors with a 2nm equivalent. According to earlier reports, the Biden administration is aiming to close a loophole that has made it possible for Chinese chip makers to buy components from the infamous Huaqiangbei electronics district in the southern Chinese city of Shenzhen.However, China has made draft security laws available for businesses offering generative artificial intelligence (AI) services. These regulations include limitations on the data sources that can be used to train AI models.

Read More
Technology

Nigerian government provides $290K in funds to encourage AI initiatives.

The Nigerian government plans to award 45 businesses and researchers working in the field of artificial intelligence (AI) 5 million naira ($6,444), according to Bosun Tijani, minister of communications, innovation, and the digital economy.The Nigeria Artificial Intelligence Research Scheme, which was just created and is intended to make it easier for the general use of AI to spur economic progress, includes this effort, which the minister announced in a post on X (previously Twitter). The focus areas of the program are as listed on its official website: agriculture, education and workforce, money, government, health care, utility, and sustainability.According to the ministry, candidates must join a partnership with a startup or tech firm, a Nigerian university researcher, or a foreign researcher in order to be considered for a grant. Candidates should submit a research proposal that is in line with the fields of artificial intelligence that the Ministry of Communications, Innovation, and Digital Economy is focusing on.Additionally, companies must provide a thorough plan that emphasizes the project’s potential economic impact on Nigeria.The expectation is that applicants will publish at least one peer-reviewed publication within a year of obtaining the funding and that they will have a demonstrated history of excellence in research or entrepreneurship. The Nigerian government invited internationally known professionals who have worked in the Nigerian market as well as scientists with Nigerian ancestry in August to work with it to develop its National Artificial Intelligence Strategy.Between October 13 and November 15, 2023, applicants may submit their applications.A group of experts in artificial intelligence will evaluate the recommendations, according to the government.

Read More
Technology

SIM Swap Attack Targets Friend.Tech Users, Drains Several Ether

Several Friend.Tech users stated that they were the targets of SIM swap assaults over the weekend, during which the attackers were successful in stealing tokens worth thousands of dollars.No exploit was used on the actual Friend.Tech code. Nobody is in danger right now.The program enables users to purchase “shares” in users who have accounts on X, which gives purchasers access to specific benefits. SIM Swap attacks, which are frequent occurrences, take place when hackers get access to a mobile device by tricking service providers into matching the phone number to a SIM card in their hands.Phones that have been switched can then be used fraudulently.At least two individuals reported being the subject of a SIM swap assault that gave hackers access to over 42 ether (ETH), which is valued close to $70,000 at the time of writing. “If your Twitter account is doxxed to your real name, your phone number can be found, and this could happen to you,” posted @darengb, a user who got impacted. Their phone carrier is Verizon. Despite the bear market, the social media site Friend.Tech has grown to become one of the most widely used cryptocurrency platforms this year, bringing in consistent earnings for its founders.After coming live, the app quickly surpassed 100,000 users, as was previously reported. For any crypto platform, security issues continue to be a major source of worry.Hackers may utilize methods like manipulating smart contracts or conducting flash loan attacks, as well as more conventional ways like taking advantage of rich customers. Some users of Friend.Tech have proposed extra security measures like 2FA, a popular SMS or code-based authentication service, that could stop similar assaults from happening again in the future.

Read More
Technology

In response to the loss of a banker, Chia Network fires a third of its employees.

Chia Network said the loss of its financial partner Credit Suisse resulted in a costly delay of its bid to float as a public business, joining the steady trend of cryptocurrency companies laying off employees. The Securities and Exchange Commission’s examination of the business’s request is still unknown, despite the fact that the company claimed

Read More
Technology

Google Cloud Adds 11 Networks, Including Polygon, as It Digs Deeper Into Blockchain Data

With the addition of 11 new networks to its ‘BigQuery’ programme for public datasets, including Polygon, Optimism, and Polkadot, Google’s cloud computing division is increasing its push into the blockchain space. The organisation, Google Cloud, first announced that Bitcoin blockchain data was accessible for research through the programme in a post that was published in

Read More
Technology

Despite Worldcoin excitement, AI token trading volume is static — Kaiko

While Worldcoin’s introduction brought attention to artificial intelligence (AI) tokens, recent trading data from Kaiko shows that, in spite of the excitement around Worldcoin’s launch, AI tokens have stagnated. The data shows that the trading volume of tokens related to artificial intelligence (AI) climbed rapidly over the last month, rising from $570 million to $870

Read More
Crypto Technology

The Make-or-Break Earnings for Nvidia Could Be Huge for AI-Related Crypto Tokens

AI-related crypto tokens may have a wild ride as a result of today’s announcement from the world’s largest chipmaker, Nvidia (NVDA), which might help establish whether the artificial intelligence frenzy is genuine or just another bubble waiting to burst. This is Nvidia’s first quarterly report after destroying Wall Street’s expectations in May and disclosing an

Read More
Technology

The United States’ ‘Lion’s Share’ Artificial Intelligence Trend is Growing Faster: Stanley Morgan

According to a study report released on Monday by Morgan Stanley (MS), the first half of the earnings season saw a shift in how businesses discussed artificial intelligence (AI), with 15% of organizations estimating the revenue or cost-benefit from deploying machine learning across a wide range of applications. The bank reports that 316 qualified enterprises cited AI, with 106 explicitly attributing essential business advancements to the application of AI or machine learning. “29 quantified the revenue opportunity, 36 quantified a cost or productivity gain, 12 discussed customer service and in-housing as the lowest hanging fruit, 8 saw efficiency and in-housing of creative advertising, 82 other comments referred qualitatively to revenue or cost gains,” analysts led by Edward Stanley wrote. The “lion’s share” of this activity

Read More
Technology

The latest frontier: Cardano creator Charles Hoskinson searches for extraterrestrials and UFOs

Charles Hoskinson, the creator of Cardano, is currently looking for a crashed space craft or unidentified flying object in the Pacific Ocean off the coast of Papua New Guinea.The search is a component of the Galileo Project, which in March got money from Hoskinson totaling $1.5 million.In 2014, a “meteor of interstellar origin” that struck Earth from space was identified by Harvard astronomer Avi Loeb and his student Amir Siraj, who are now leading an expedition for the project. The US Department of Defense has confirmed the object’s interplanetary origin, and the Galileo team may have already discovered some of its remains.Hoskinson tweeted on June 16 to affirm he is now with the expedition crew and to report that they had discovered odd wire fragments and other debris that may have come from the accident.There is still a lot of area to cover, he remarked, adding that the sluice sled hasn’t even been unpacked. The following day, Loeb posted on his blog, saying: “Gladly, we already have one anomaly: a manganese-platinum wire with an abundance pattern that differs from common commercial products.”Although Loeb hopes they are part of a “interstellar object from our cosmic neighborhood,” it still seems too early to say for sure.In a blog post published on June 15, he stated, “Most importantly, I wish to know whether it was technologically created by another civilization.” Hoskinson has previously invested money in odd projects, so this is not a new occurrence.A $75 million fundraising round for Texas-based bioscience business Colossal, which seeks to bring back woolly mammoths and other ancient animals, was taken part in by the founder of Cardano in March 2022.

Read More
Technology

An expert to the UK AI task committee warns that AI could endanger humans in two years.

The United Kingdom’s prime minister’s adviser on the artificial intelligence task force estimated that before AI gets overly strong, humans have around two years to govern and regulate it. Matt Clifford, who also holds the position of chief of the government’s Advanced Research and Invention Agency (ARIA), emphasized in an interview with a local U.K. media site that current systems are “more and more capable at an ever-increasing rate.”He went on to suggest that the systems will become “very powerful” in two years if officials don’t take safety and laws into account right away.We have two years to have a structure in place that will make controlling and regulating these enormous models much easier than it is at the moment.In the short and long terms, Clifford cautioned that there are “a lot of different types of risks” associated with AI, which he described as “pretty scary.” The interview followed the publication of an open letter by the Center for AI Safety, which featured 350 AI professionals, including Sam Altman, CEO of OpenAI, who said that AI should be viewed as an existential threat comparable to that posed by nuclear weapons and pandemics.They are discussing what would occur after we successfully construct a new species with an intelligence greater than that of humans.These risks posed by AI, according to the AI task force adviser, might be “very dangerous” and “kill many humans, not all humans,” only based on where we anticipate models to be in two years. Clifford contends that learning how to regulate the models and then putting restrictions into effect globally should be regulators’ and developers’ top priorities.He stated that for the time being, his biggest concern is that we won’t fully comprehend why AI models act the way they do.The creators of the most advanced systems publicly acknowledge that they are unable to fully comprehend how [AI systems] behave as they do.Clifford emphasized that a large number of the executives of companies developing AI also concur that effective AI models need to go through some sort of audit and evaluation procedure before deployment. Regulators around the world are currently working hard to comprehend the technology and its implications while attempting to develop rules that both protect consumers and promote innovation.On June 5, representatives from the European Union went so far as to propose requiring all AI-generated content to include a disinformation-prevention badge. A front-bench Labour Party member in the U.K. backed the Center for AI Safety’s letter in arguing that technology needs to be governed similarly to how nuclear power and medicine are.

Read More
Crypto Technology

UK Aims to Implement Crypto Regulation Soon

The United Kingdom is looking to establish regulations for digital assets within the next 12 months, according to Andrew Griffith, the economic secretary to the UK Treasury. In an interview with CNBC on Griffith stated that the country aims to take advantage of the benefits that blockchain technology can bring to the private sector and

Read More
Crypto Technology

Paxful Unfreezes Majority of Accounts

Paxful, the peer-to-peer cryptocurrency marketplace, has announced that it has unfrozen 88% of the user accounts that were previously frozen, following the suspension of its operations. The remaining $4.4 million in frozen funds is currently being held by US financial regulators, according to Paxful CEO Ray Youssef. Youssef revealed the news Via the Twitter thread,

Read More
Crypto Technology

Twitter Rolls Out Bitcoin Price Quotes

The addition of Bitcoin price quotations to Twitter’s social media platform occurred around the 18th of April. The price quotations are provided by the charting platform TradingView, however they are only accessible for the price of Bitcoin. Price quotes for other major cryptocurrencies are not provided. The accompanying Bitcoin price chart includes a link that

Read More
Crypto Technology

Yoz Labs Raises $3.5M to Build Web3 Notification System

Yoz Labs, a Web3 notification platform, has raised $3.5 million to further its aim to make scalable messaging rails that would enable developers to send immediate on-chain notifications directly to users. Led by early-stage venture firm Electric Capital, the funding round included several Web3 investors and angels such as Collab+Currency, Coinbase Ventures, Dapper Labs, Form

Read More