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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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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

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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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

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.

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

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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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

OpenAI turns to Broadcom as Musk, Zuckerberg snatch up Nvidia AI chips

The run on training hardware has put chipmakers at the forefront of the general artificial intelligence boom.

OpenAI is reportedly in talks with Broadcom and other chip makers in what appears to be an urgent effort to expand its artificial intelligence operations. 

AI models such as OpenAI’s ChatGPT and Meta’s Llama are typically trained using massive clusters of graphical processing units (GPUs) or similar computer chips. The most popular hardware, the H100, belongs to Nvidia.

The H100 can cost anywhere from $15,000 to $30,000, depending on the number purchased and current market conditions. It can take tens of thousands of these AI chips to train a single model, with more necessary for larger, more robust systems.

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

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

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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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Bitcoin’s Market Cap at Risk of Falling Below $1 Trillion for First Time in 4 Months

Bitcoin’s Market Cap at Risk of Falling Below  Trillion for First Time in 4 MonthsAccording to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC) has experienced a challenging month, losing about 20% against […]

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

As Meta’s Threads celebrates first anniversary, will it now become a challenger to X?

Despite Threads hitting 175 million monthly active users, it’s still too early to say whether it could become another X one day.

Meta’s Threads, a social media platform built to capitalize on Elon Musk’s Twitter takeover in 2023, is celebrating its first anniversary with high ambitions to overtake X, as Twitter is now known.

Meta CEO Mark Zuckerberg took to Threads on July 4 to announce that the app has more than 175 million monthly active users. The new milestone comes a few months after Threads reached 150 million active users in April, marking stable growth in 2024.

Despite Threads adding a significant amount of new users over the past three months, it’s still too early to say whether the app could one day become another X, which has proved to reign supreme in the cryptocurrency community.

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Meta Launches Awards to Drive AI Innovation in Developing Regions

Meta Launches Awards to Drive AI Innovation in Developing RegionsMeta launched the Meta Llama Impact Innovation Awards to support organizations in developing regions that use Meta’s advanced AI models, Llama 2 and 3, to solve local problems in education, environment, and other areas. The AI models are recognized for their enhanced reasoning capabilities and potential to drive economic and social opportunities. Grants of up […]

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Microsoft, Google, Nvidia and more filed SEC warnings that AI could ruin business

The reasons ranged from cannibalizing their own businesses to releasing potentially inferior products.

Over a dozen of the biggest names in the United States technology industry have filed “risk factor” reports with the Securities and Exchange Commission (SEC) indicating that artificial intelligence (AI) could threaten company finances. 

While not uncommon, these risk reports outline internal thinking when it comes to the potential pitfalls of dedicating resources and funds to the development of nascent technologies such as AI.

Those filing warnings, according to a report from Bloomberg, include Adobe, Dell, Google, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Uber and at least a few others.

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why