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Meta’s AI chief slams Elon Musk over hype, conspiracy theories

It’s scientist versus business mogul as X.com’s biggest nerd fight plays out in real time.

Meta’s vice president and chief AI scientist, Yann LeCun, and Elon Musk, the world’s richest person, have engaged in what might be 2024’s most well-credentialed nerd fight on social media. 

While LeCun and Musk have been arguing on X.com since it was called Twitter, this recent dustup kicked things back into high gear with both men slinging vitriol at one another.

Evidently, things started when LeCun hijacked an X post from Musk advertising open positions at xAI — Musk's artificial intelligence company. 

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

OpenAI leadership responds to former employee safety allegations

The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management.

Sam Altman and Greg Brockman, the CEO and president of ChatGPT maker OpenAI, respectively, recently took to X.com to publicly discuss the recent departure of Jan Leike, arguably the company’s former top safety officer. 

As Cointelegraph recently reported, Leike was the head of alignment. He resigned his post on May 17 citing irreconcilable differences with the company’s leadership.

Among Leike’s allegations was the assertion that “safety culture and processes have taken a backseat to shiny products” at OpenAI.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting

X Launches ‘AI Audience’ for Advertisers, Promises Precision in TargetingThe business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables advertisers to define their target audience in brief descriptions, after which X’s AI systems will quickly generate a relevant user pool for that […]

Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

Jack Dorsey leaves board of decentralized social network Bluesky

After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network.

Twitter co-founder Jack Dorsey has left Bluesky’s board — the decentralized social media platform he conceived and funded in 2019 when he was Twitter’s CEO.

Bluesky confirmed Dorsey’s exit in a May 5 post on the platform, writing that it was “searching for a new board member” and thanked Dorsey for his help in starting and funding the project.

Hours earlier, Dorsey had responded with a curt “no” to someone on X asking if he was still on Bluesky’s board. Neither Bluesky nor Dorsey explained why he decided to leave. Bluesky did not immediately respond to a request for comment.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

Snowden goes after Bitcoin devs, Elon, and puppy killers in X flurry

His commentary touched on the zkSnacks shutdown, free speech, and the proper treatment of farm animals.

Edward Snowden, a former contractor for the United States National Security Agency accused of espionage after leaking classified information, had a busy day on the X social media app on May 2 when he seemed to have a modicum of vitriol for everyone from the current governor of South Dakota to the world’s richest person. 

Snowden, an outspoken whistleblower who lived in asylum in Russia until 2022, when he was granted full citizenship in the country, has risen to media prominence in the wake of his whistleblower incident. Currently, he holds celebrity status, especially among some technology-based communities and is well known for speaking out on topics he considers related to freedom and privacy.

Another celebrity technologist who’s known for speaking out on issues related to freedom, Elon Musk, was among those who drew the ire of Snowden during his May 2nd tirade. After Musk posted a poll asking whether someone who “tears down the American flag and puts up another flag in its place” should be deported to the country whose flag they raised, Snowden chastised the billionaire with a lesson on freedom of expression.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

Crypto Biz: X payment system, Block moves into Bitcoin mining and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of Venmo and Apple Pay in an X post on April 22.

Meanwhile, Jack Dorsey’s financial technology conglomerate, Block, is advancing its cryptocurrency initiatives by developing a Bitcoin (BTC) mining ecosystem. The initiative targets key industry challenges, including the high demand for ASIC mining rigs.

On Wall Street, the New York Stock Exchange (NYSE) is exploring the possibility of transitioning to 24-hour trading, similar to the cryptocurrency markets. This change could increase liquidity for traders but also lead to increased volatility for retail investors.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

X payments details released: App to become your bank account

X users should eventually be able to use the app’s anticipated payment features to send money to other users, buy things in stores, and even earn interest on their account holdings.

X users will one day be able to use the platform to send money to other users, purchase goods from stores, and even earn interest on the money in their accounts as one would do with a bank account, said the head of payments at X. 

In an April 22 post, X payments chief information security officer Christopher Stanley said the payment capabilities of X would go beyond “just tipping” and expand to include an in-app wallet capable of storing and sending money to any other X users.

“Think Venmo at first. Then, as things evolve, you can gain interest, buy products, eventually use it to buy things in stores (think Apple Pay),” said Stanley.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

Gary Gensler’s resignation ‘troll’ post disappoints Crypto X

SEC’s Gary Gensler managed to excite, then rudely disappoint crypto fans with a "legendary and respectable troll thread.”

The United States Securities and Exchange Commission chair Gary Gensler duped more than a few X users into believing he was resigning from the SEC on Wednesday — before saying he’s “not done.”

“It’s been an honor to serve as [SEC] Chair. Over the past 3 years, I’ve seen firsthand how the incredible staff at the SEC serve investors and issuers alike.” Gensler wrote in an April 17 X post.

In following posts, he noted the “more than 2,000 enforcement actions” and rules the SEC had finalized under his stewardship — words that appeared to lead up to him announcing his resignation.

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Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO

Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist

Misleading comments that link to crypto phishing scams are plaguing the social media platform X, according to the blockchain security firm SlowMist. In a new analysis, SlowMist notes that phishing scams represent around 80% of comments on tweets from famous crypto projects. The scammers employ a high level of automation, according to the security firm. […]

The post Phishing Comments Under X Posts Leading to Many Crypto Thefts, Says Blockchain Security Firm SlowMist appeared first on The Daily Hodl.

Ethereum Believers May Be Staring Down Opportunity As ETH Reaches Another Low Against Bitcoin: CryptoQuant CEO