Meta won’t launch new AI products in EU, citing ‘regulatory uncertainty’

July 18, 2024 Coin Telegraph

Apple

The door is now wide open for Google and Microsoft to gain first movers' advantage over the entire continent.

Meta is the latest US-based tech giant to pause artificial intelligence releases in the European Union. The company joins Apple, who in June announced that it would be withholding several AI-powered iPhone features from customers in the EU.

Neither company, so far, has given a timeline or described what, exactly, needs to happen for the embargoes to lift, but both companies have cited “regulatory uncertainty” as the catalyst.

In a statement sent exclusively to Axios on July 17, a Meta spokesperson said:

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ChatGPT users on macOS shocked to learn chats were stored unencrypted

July 5, 2024 Coin Telegraph

Apple

The problem has since been resolved, but it begs the question of how such an oversight happened in the first place.

The partnership between Apple and OpenAI is off to a rocky start as ChatGPT users on macOS recently learned their conversations were being stored in plain-text files.

Apple has positioned itself as a company that prioritizes privacy in a market where many of its competitors reap a lion’s share of their profits by selling or repurposing user data. But, as demonstrated by data and electronics engineer Pedro José Pereira Vieito in a post on Meta’s Threads, somebody dropped the ball when it came to OpenAI’s third-party integration of ChatGPT on macOS.

ChatGPT was released on macOS in May to subscribers. General access for non-subscriber accounts was made available on June 25. Until Friday, July 5, however, the app stored all chat logs in unencrypted plain-text files on users’ hard drives.

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Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses

July 4, 2024 Bitcoin.com

Africa

Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […]

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Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024

July 2, 2024 Coin Telegraph

Apple

Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.

Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin (BTC) exchange-traded funds (ETFs) in a year, as BTC/USD has significantly outperformed major stocks and indexes.

Data from investment firm River reveals that 13 out of the top 25 United States hedge funds had owned Bitcoin ETFs by the end of Q1 2024. Notable among these is Millennium Management, which had 27,263 BTC worth $1.69 billion, making up about 2.5% of its total assets under management worth $67.7 billion.

Other significant players include Schonfeld Strategic Advisors, with 6,734 BTC, and Point72 Asset Management, with 1,089 BTC. In contrast, some top hedge funds, such as Bridgewater Associates, AQR Capital Management and Balyasny Asset Management, have yet to invest in Bitcoin ETFs.

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Pantera Capital Calls Solana the ‘Mac OS of Blockchains,’ Highlights Architecture Benefits and Growing Adoption

June 24, 2024 Bitcoin.com

Altcoins

Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States […]

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Apple supercharging Siri and iOS with ‘Apple Intelligence’ and OpenAI

June 8, 2024 Coin Telegraph

Apple

Social media and tech news pundits haven’t responded positively to the nomenclature.

Apple is set to reveal its answer to the artificial intelligence (AI) wildfire that’s sweeping the technology sector: Apple Intelligence.

According to a report from Bloomberg, the Cupertino company will take to the stage during its Worldwide Developers Conference (WWDC) on June 10-14 to announce its new “Apple Intelligence” lineup of AI-powered products and services.

Apple’s plan, per the report, is to unveil a hybrid onboard/cloud approach to integrating AI services throughout its suite of products. Where available, iPhone and iPad will use discrete hardware (onboard chips) to run AI services and, in instances where more powerful models are needed, devices will rely on cloud services.

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Google and Magic Leap partner up to make metaverse goggles despite past flops

June 2, 2024 Coin Telegraph

Apple

It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.

Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies.

The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed down its augmented and extended reality teams (AR/XR) and Magic Leap is the creator of one of the field’s biggest flops. Still, as this news could indicate further competition for Apple and Meta when it comes to metaverse hardware and experiences, it very well could bode well for the metaverse as a whole.

The partnership will highlight Magic Leap’s advances in the field of optics alongside Google’s infrastructure, according to a statement from Magic Leap CTO Julie Larson-Green:

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Ledger Begins Shipping New Hardware Wallet Co-Created by Former iPod Designer

May 29, 2024 The Daily Hodl

Apple

A new hardware crypto wallet designed by the inventor of Apple’s iconic iPod is now being shipped to consumers. According to a new blog post from the French-based startup company manufacturing the device, the Ledger Stax wallet is being delivered to those who pre-ordered it. Says Ledger CEO Pascal Gauthier, “[May 28th] marks a special […]

The post Ledger Begins Shipping New Hardware Wallet Co-Created by Former iPod Designer appeared first on The Daily Hodl.

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Former Google China boss doubles down: AI to take 50% of jobs by 2027

May 26, 2024 Coin Telegraph

Apple

Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.

Computer scientist and venture capitalist Kai-Fu Lee recently reiterated his stance that artificial intelligence (AI) technology would supplant at least half of the global human workforce by 2027.

Kai-Fu Lee initially predicted that AI would take over at least half of all human jobs back in 2017. A stance he’s stuck by in the time since. In a 2018 interview with IEEE Spectrum, for example, he pointed out that despite the fact that humans had many talents and skills that AI was unlikely to achieve, AI would still replace around half of us at work.

“Most jobs are repetitive,” Kai-Fu Lee said at the time, pointing to “truck-driving, telemarketing, dishwashing, fruit picking, assembly-line work, and so on.”

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Apple disputes monopoly claims, cites ‘fierce competition’ in court

May 22, 2024 Coin Telegraph

Anticompetitive Conduct

Apple’s letter to a federal judge previewed its slated dismissal motion to a U.S. antitrust suit, with the firm claiming prosecutors didn’t define where it has a monopoly.

Apple has claimed it isn’t a “monopolist” and “faces fierce competition” in the tech sector in a letter previewing its bid to toss a United States antitrust suit.

In a May 21 letter to New Jersey federal judge Julien Neals requesting a conference ahead of its dismissal motion, Apple’s lawyers refuted U.S. claims that it engaged in anticompetitive conduct by excluding third-party access to its platform and made design decisions that “‘lock in’ users to purchasing iPhones.”

The firm said its alleged anticompetitive conduct “involves Apple making unilateral decisions about the terms and conditions on which to permit third parties access to Apple’s proprietary platform.”

Apple

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