artificial intelligence

Crypto is down, but FET and AI tokens are up — Here’s why

August 28, 2024 Coin Telegraph

FET and other AI tokens are outperforming the wider crypto market this week, but is the rally purely driven by investors' earnings expectations for Nvidia?

Price breakouts have become rather short-lived in the crypto market recently, with the most recent case being Bitcoin’s (BTC) brief rally to $65,000 on Aug. 24.

According to data from Glassnode, traders have become more risk-averse and wary of using leverage to chase larger gains in the crypto market. In the Aug. 27 The Week Onchain Newsletter, the analysts explained that the “phenomenon” or reduced appetite for speculation and leverage is reflected by “a vast swathe of tokens now displaying a neutral funding rate,” suggesting that “spot markets are likely to be in the driver’s seat for the near term.”

Binance funding rate heatmap. Source: Glassnode

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to 0M: Report

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

President Trump and New York governor propose shift to nuclear energy

August 26, 2024 Coin Telegraph

According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.

Former President Donald Trump and New York Governor Kathy Hochul have proposed pivoting to nuclear energy to meet climate goals and provide the vast energy needed for high-performance computing and artificial intelligence.

Governor Hochul believes nuclear energy can help address shortfalls in New York’s ambitious climate agenda, which was first announced in 2019, by positioning the state to meet its 2030 climate goals.

Trump, the 2024 Republican presidential candidate, pitched the idea of shifting to nuclear power in a recent interview with podcast host Shawn Ryan, but for very different reasons. The former President explained to Ryan that America needs to generate massive electricity to power the artificial intelligence sector.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

The singularity: How AI could become the final boss whale of crypto

August 26, 2024 Coin Telegraph

artificial intelligence

World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.

Everyone from Elon Musk to the CEO of Google DeepMind has predicted that artificial intelligence will surpass human intelligence within a matter of decades. This scenario is often referred to as the AI singularity.

Big tech, academia, and governments around the world have started workshopping potential scenarios to deal with this hypothetical moment. While much has been written about the threat of a violent AI takeover, there’s little in the way of research concerning how a machine could corner the global economy.

Futurist Ray Kurzweil, a former Google researcher who’s considered a luminary in the field of technology, recently published a book entitled “The Singularity Is Nearer: When We Merge with AI.” In his text, he discusses what he views as our imminent future as the second-smartest beings on Earth.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

AWS CEO Predicts AI to Transform Software Developer Roles

August 24, 2024 Bitcoin.com

ai tools

In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer needs rather than the mechanics of writing code. […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Big tech is prepping an explosive pivot to robotics

August 24, 2024 Coin Telegraph

artificial intelligence

The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.

The next big thing in the technology industry appears to be consumer robotics and there could be massive implications for both Main Street and Wall Street.

An analysis of the top ten tech firms in the world by market capitalization, their 2024 performance to-date, and what we’ve been able to glean about their current budgets indicates that big tech is ready to move beyond chatbots.

There are currently countless robots in the world. They’re used to build cars, stitch clothing, and even handle nuclear materials. But these specialized machines are purpose-built to perform specific tasks and typically not available or even useful to the average person.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

August 24, 2024 Bitcoin.com

artificial intelligence

China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’

August 23, 2024 Coin Telegraph

Advertising

The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine.

Artificial intelligence firm Perplexity AI has come under public scrutiny amid its reported plans to place ads in its AI-powered search engine. While many view this as the natural progression for the generative AI industry, at least one analyst has suggested this could lead to the company’s untimely demise.

Perplexity AI’s primary product is a “conversational search engine.” It essentially combines generative AI technology — similar to the tech underpinning OpenAI’s ChatGPT and Anthropic’s Claude — with search engine algorithms similar in concept to those used by Google Search or Microsoft Bing.

Reports recently surfaced indicating that Perplexity AI intends to integrate advertising into its product. According to a pitch deck seen by CNBC, those plans include charging advertisers $50 per every 1,000 impressions — which is measured as “cost per mile,” or CPM.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Skyfire launches blockchain payment network that lets AI spend your money

August 21, 2024 Coin Telegraph

artificial intelligence

The company is currently focused on B2B, but there are countless potential applications for consumers.

Blockchain development firm Skyfire recently launched a payment platform that allows artificial intelligence agents to spend money autonomously.

Helmed by former Ripple VP of products and services Amir Sarhangi, the company’s platform makes it possible for a business to give a pre-loaded wallet to an AI agent. The company’s protocol converts the cash into USD Coin (USDC). When the agent’s task involves payment, the platform handles the conversions, thus enabling autonomous payment agents.

An AI agent is, for lack of a better term, a “bot” that’s designed to carry out a certain task. Examples include AI agents that monitor inventories across multiple sites in order to autonomously generate orders, or bot that monitors sale prices across multiple online marketplaces.

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid

August 20, 2024 Bitcoin.com

Bit Digital Expands AI and HPC Footprint, Signs 0 Million Agreement With Boosteroid

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

What does Bitcoin smell like? AI startup wants to ‘teleport’ digital scents

August 18, 2024 Coin Telegraph

artificial intelligence

The technology could also help detect diseases such as cancer.

Artificial intelligence firm Osmo is working diligently to bring back the future we were promised in 1960 when Hans Laube introduced the world to “Smell-O-Vision.” Only this time, the goal is to improve the lives of humans everywhere by teaching computers how to interpret scent.

Osmo’s technology is a complex, multidisciplinary amalgamation of science and engineering at the cutting edge, but its purpose is simple. The company wants to build generative AI that can do for scents what OpenAI’s ChatGPT and Google’s Gemini can do for sounds and images.

Per the company’s website:

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