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California removes teeth from AI law without addressing tech’s core concerns

The law appears more corporate-friendly, but the implications for consumers are a bit murkier.

California lawmakers have amended a controversial bill that would hold artificial intelligence firms accountable for harms caused by their products in response to industry criticism. However, it’s unclear if the state’s concessions will be enough to convince naysayers in the tech industry. 

The bill, called the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB-1074), essentially seeks to protect whistleblowers and empower the state of California to intervene if it has reason to believe an AI-related catastrophe is going to occur.

As Cointelegraph recently reported, the tech industry is in a bit of an uproar over the bill’s stipulations, with many tech luminaries saying it would stifle innovation and growth. 

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Bitwise files Form S-1 for spot Solana ETF with SEC

Half of the 10 most valuable companies on Earth are making metaverse hardware

The metaverse is dead, long live the metaverse.

Microsoft is reportedly looking to take on Apple’s Vision Pro headset with new hardware it would develop in partnership with Samsung. This would mean that five of the ten most valuable companies by market capitalization — Apple, Google, Meta, Microsoft, and Nvidia — are currently developing new metaverse gear. 

The Microsoft news comes from a local outlet in South Korea, The Elec. According to the report, Microsoft plans to order hundreds of thousands of OLED panels from Samsung for a device to be mass produced in 2026.

That’s a ways off and, according to The Verge, the device will be a headset meant for spatial computing (as opposed to virtual reality). The Verge also indicated that it was specifically not meant for the metaverse — but, any display device, including a computer monitor, can interface with “the metaverse,” spatial computing devices just offer a different level of immersion.

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Bitwise files Form S-1 for spot Solana ETF with SEC

German quantum breakthrough highlights need for particle physicists in crypto

German quantum breakthrough highlights need for particle physicists in crypto

Breakthrough quantum computing research out of Germany could lead to a revolution in particle physics with implications for finance, economics, and cryptocurrency. It might be time for firms in the crypto industry to add chief science officers and particle physicists to their portfolios. 

Much like the tech industry before it, crypto has bootstrapped itself on the virtue of its own feats of engineering and innovation. The engineering and innovation it took to invent blockchain and cryptocurrency are, arguably, analogous to the advent of personal computing and the internet.

Over the past 20 years, however, the tech industry has shifted towards hard science. Perhaps it’s time for crypto to follow suit.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine

Whatsapp Warns It May Leave Nigeria Over Order to Pay a 0 Million FineWhatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple inaccuracies and misrepresents how the platform operates. The fine […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Nvidia delays next gen AI chip as investors issue ‘bubble’ warning

After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker.

Nvidia’s highly anticipated “Blackwell” B-200 artificial intelligence chip will reportedly be delayed, sending the near-term future of the entire AI industry into a state of uncertainty. 

Tech news outlet The Information claims that a Microsoft employee and at least two other people familiar with the situation have stated that the new chip’s launch date has been pushed back by at least three months due to a design flaw.

While Nvidia hadn’t given a public launch date, CEO Jensen Huang recently announced that the company would begin sending engineering samples “this week” on July 31 at the SIGGRAPH event in Denver, Colorado.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Meta to Appeal Nigeria’s $220 Million Data Privacy Fine

Meta to Appeal Nigeria’s 0 Million Data Privacy FineNigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, […]

Bitwise files Form S-1 for spot Solana ETF with SEC

Metaverse book gets boring rename in latest sign of waning enthusiasm

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

Matthew Ball, former global head of strategy at Amazon Studios and author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything,” is re-releasing the book under a new, more underwhelming title: “Building the Spatial Internet.”

To be clear, the book will still be called “The Metaverse,” but the spatial internet bit will replace the former language indicating that the metaverse would revolutionize everything.

Evidently, after two years, the revolution has either come and gone or remains impending. Either way, on July 23, the book's newest edition launches.

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Bitwise files Form S-1 for spot Solana ETF with SEC

SETI, NASA scientists think AI could teach aliens about Earth

The question is: which model best represents humanity?

Artificial intelligence is currently eating the world. Whether you believe it’ll lead to superintelligent machines, the end of humanity, or a bursting bubble, its impact can already be felt in industries around the globe. 

It’s also spreading beyond our little blue and green planet. We’ve got AI in satellites, IBM’s Watson did a tour aboard the International Space Station, and NASA is currently working to integrate AI technologies into future spacecraft.

Soon, if a pair of scientists at the forefront of the search for alien life get their way, we’ll be sending chatbots like OpenAI’s ChatGPT to explain humanity and life on Earth to extraterrestrials.

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Bitwise files Form S-1 for spot Solana ETF with SEC

Bitcoin, Ethereum, Solana and Crypto Markets Look Ready To ‘Send’ As Stars Align, According to Investor Chris Burniske

Bitcoin, Ethereum, Solana and Crypto Markets Look Ready To ‘Send’ As Stars Align, According to Investor Chris Burniske

Crypto investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general look ready to make a run. The former head of crypto at ARK Invest tells his 292,200 followers on the social media platform X that several catalysts are now lining up, hinting that digital asset markets are […]

The post Bitcoin, Ethereum, Solana and Crypto Markets Look Ready To ‘Send’ As Stars Align, According to Investor Chris Burniske appeared first on The Daily Hodl.

Bitwise files Form S-1 for spot Solana ETF with SEC

Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms

Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.

Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026. 

This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.

Analysts for Bank of America opined that the cost-cutting measures would net Meta a savings of about $3 billion.

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Bitwise files Form S-1 for spot Solana ETF with SEC