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

July 19, 2024 Coin Telegraph

chatGPT

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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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

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

July 6, 2024 Bitcoin.com

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

1 trillion

According 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 […]

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

July 5, 2024 Coin Telegraph

Coin Telegraph

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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Meta Launches Awards to Drive AI Innovation in Developing Regions

July 4, 2024 Bitcoin.com

ai models

Meta 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 […]

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

July 4, 2024 Coin Telegraph

Coin Telegraph

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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Meta’s prototype ‘full holographic’ glasses could be a game changer for Web3

June 29, 2024 Coin Telegraph

Coin Telegraph

The new holographic display could give NFTs the Pokemon Go treatment.

Meta’s Mark Zuckerberg thinks smart glasses with holographic displays will slowly supplant the mobile phone as humanity’s primary communications and computing device.

In a recent interview with YouTuber Kane “Kalloway” Sutter, the billionaire tech mogul expounded on a number of topics including artificial intelligence and open source. But, when asked by host Kalloway what Meta’s most exciting future product was, Zuckerberg gave a full-throated endorsement for a set of glasses — the kind you wear on your face — featuring cameras, microphones, speakers, and a full field-of-view (FOV) holographic display.

Pundits in both the advertising world and the technoverse have, by and large, had a field day mocking Meta and Zuckerberg over their pivot from “Facebook,” the company behind the aptly named “Facebook” social media platform to “Meta,” the company that’s… working on the metaverse.

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AI ‘Skeleton Key’ attack found by Microsoft could expose personal, financial data

June 28, 2024 Coin Telegraph

Coin Telegraph

Aside from being wary about which AI services you use, there are other steps organizations can take to protect against having data exposed.

Microsoft researchers recently uncovered a new form of “jailbreak” attack they’re calling a “Skeleton Key” that’s capable of removing the protections that keep generative artificial intelligence (AI) systems from outputting dangerous and sensitive data.

According to a Microsoft Security blog post, the Skeleton Key attack works by simply prompting a generative AI model with text asking it to augment its encoded security features.

In one example given by the researchers, an AI model is asked to generate a recipe for a “Molotov Cocktail” — a simple firebomb popularized during World War II — and the model refused, citing safety guidelines.

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Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit

June 20, 2024 Coin Telegraph

Ads

Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.

A United States judge has rejected Meta Platform’s bid to toss a lawsuit from billionaire Australian mining tycoon Andrew Forrest over Facebook ads that used deep fakes in his image to promote scam crypto schemes.

California District Judge Casey Pitts said in a Monday, June 17 order that Forrest could re-file his suit and try to prove that Meta’s negligence in failing to stop the scam ads broke its duty to operate in a “commercially reasonable manner.”

Meta argued that Section 230 of the Communications Decency Act exempted it from responsibility as a publisher of third-party content — an argument YouTube had unsuccessfully used to try to avoid blame for crypto scam ads on its platform.

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Bitcoin Must Hit $84,740 to Match Silver’s Market Cap, Over $800,000 to Surpass Gold

June 5, 2024 Bitcoin.com

Bitcoin Must Hit ,740 to Match Silver’s Market Cap, Over 0,000 to Surpass Gold

Berkshire Hathaway

Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match silver’s current $1.67 trillion valuation. Bitcoin Is Now in 9th Place Among the World’s Largest […]

Meta.