Stack Overflow cuts 28% of workforce due to rise of AI chatbots
Stack Overflow, a developer and programmer platform, is cutting its workforce by around 28% due to macroeconomic pressures impacting the tech industry and the rise of AI chatbots. The layoffs account for approximately 150 employees out of a total headcount of 540.
Baichuan Intelligence, Founded by Wang Xiaochuan, Completed US$300 Million in Financing, With Participation From Alibaba, Tencent, Xiaomi, Shenzhen Venture Capital, etc.
AI large model company Baichuan Intelligence announced today that it has completed the A1 round of strategic financing, with a financing amount of 300 million US dollars. Technology giants such as Alibaba, Tencent, Xiaomi, and many top investment institutions have participated in the investment. "The king of local VC" Shenzhen Capital is also one of the investors in this round.
Nvidia's Masterpiece X AI Application Aims to Revolutionize 3D Modeling, but Geopolitical Challenges Loom
Nvidia has partnered with Masterpiece Studio to release Masterpiece X, a new application that aims to revolutionize 3D modeling. The software utilizes generative AI and can be used in the cloud with no local hardware or software required. While the software is not yet perfect, it shows vast potential and exciting advancements on the horizon. However, Nvidia faces geopolitical hurdles that threaten its dominance in hardware, particularly with the US government's efforts to tighten restrictions on AI chip exports to China.
U.S. SEC chairman urges regulators to curb artificial intelligence risks to financial stability
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has urged regulatory agencies to find a way to manage the risks to financial stability posed by the concentration of power in artificial intelligence platforms. Gensler said that if swift intervention is not taken, a financial crisis caused by AI is "almost inevitable" within the next decade.
The Rise of AI-Generated Voiceovers: A Threat to the Spread of Misinformation
The prevalence of social media has created a world where visual evidence is no longer reliable, and the emergence of voice cloning technology is making it easier to spread false information. A recent report by NewsGuard uncovered a video on TikTok featuring a fake voice of former US President Barack Obama, which received over 50,000 views. This video was part of a network of 17 TikTok accounts that use hyper-realistic audio AI voice technology to create fake voiceovers, generating over 330 million views and 14.5 million likes since June 2023.
US Senators Propose Bill to Ban Unauthorized AI Replicas of People’s Voices and Images
A bipartisan group of US senators has proposed a bill that would ban unauthorized AI-generated replicas of people's voices and images. The Nurture Originals, Foster Art, and Keep Entertainment Safe (NO FAKES) Act would hold companies and individuals liable for damages for creating unauthorized AI replicas of living or deceased individuals, as well as platforms that knowingly host unauthorized AI copycats. The penalties for violations would start at $5,000. The bill allows for limited use of unauthorized AI replicas protected by the First Amendment, including those used for news, documentaries, and satire.
Google Cloud Aims to Bridge the Gap Between AI and Web3
Google Cloud's Engineering Director of Web3, James Tromans, believes that Web3 technology can bridge the gap between AI and Web3 with an eye toward the future and digital ownership. He sees the main value of the technology as solving for business outcomes, not speculating on the value of a token.
Bitget Will Host the 5th Anniversary Starlight Party Themed “Mining the Web3 Future With AI” in Taiwan
According to TechFlow news, Bitget will hold the "Give me five" fifth anniversary starlight party in Taiwan on August 31st. The theme of this conference is "Mining the Web3 Future with AI". It will gather experts and KOLs from the coin circle across Taiwan, and there will be a roundtable forum for exchanging ideas to explore the new direction of Web3 under the AI wave. Earlier, Bitget announced its brand upgrade, with "Trade smarter" as its core concept, committed to shaping a smarter digital future.
Futurverse Co-Founders Launch $50 Million Venture Fund and Studio for Emerging Technology Ventures with Collaboration Potential
Shara Senderoff and Aaron McDonald, the co-founders of Futurverse, a company specializing in AI and metaverse, have launched a new venture fund and studio called "Born Ready" with a $50 million investment. The fund will invest in emerging technology ventures that have collaboration potential with either Futurverse or metaverse blockchain The Root Network. Born Ready has already invested in several firms, including FCTRY Lab, Power'd Digital, Polemos, and Walker Labs. The firm plans to introduce an accelerator program soon and has previously raised $54 million in a Series A round. Meanwhile, Web3 and crypto venture capital funding have fallen 79% YoY to $779 million over 62 deals in June, with almost all of the new funding going to blockchain infrastructure projects.
Tech Firms Urge EU to Ease Rules for Open-Source AI Models in Open Letter
Tech firms including GitHub, Hugging Face, and Creative Commons have written an open letter urging the European Union to ease upcoming rules for open-source artificial intelligence models. The letter argues that regulating upstream open-source projects as if they are commercial products or deployed AI systems would hinder open source AI development. The group provided five suggestions to ensure that the AI Act works for open source models, including defining AI components clearly and clarifying that collaborative development on open source models does not subject developers to the bill requirements. The European Parliament passed the Act in June, and the next step involves individual negotiations with members of the EU to smooth out the details.
Google Cloud Plans More Web3-Focused Products to Become Top Choice for Industry Firms and Developers
Google Cloud is expanding its Web3-focused products to become the preferred choice for industry firms and developers. The company recently launched a startup program to support players in the Web3 segment, and plans to continue building services similar to its Blockchain Node Engine. Google Cloud is also exploring how Web3 technologies can streamline operations and unlock alternative business models and revenue streams for players in financial services and gaming. Additionally, the company is exploring the use of artificial intelligence (AI) in the Web3 space. Google's Web3 startup program offers free access to its serverless platform, technical support, and $200,000 in Google Cloud credits.
Apple Reportedly Developing Internal Generative AI Model, No Plans for Public Launch
Apple is said to be developing its own generative pre-trained transformer (GPT) artificial intelligence (AI) model called "Ajax", which is similar to OpenAI's ChatGPT and Google's Bard. However, there is no indication that the company plans to release it to the public.
StarryNift: can the combination of metaverse and AI spark something new?
StarryNift is a gamified metaverse co-creation platform designed to bring immersive 3D virtual experiences where users can play, create and socialize.
FTX Japan Expands Team for FTX 2.0 Initiative as FTT Token Price Dips
FTX Japan is currently hiring new talent to support the FTX 2.0 initiative, which aims to develop cutting-edge technologies such as AI and non-custodial CEX trading.
Elon Musk Launches xAI to Understand the True Nature of the Universe
Elon Musk has launched a new company called "xAI" with the aim of understanding the true nature of the universe. The company will work closely with Twitter, Tesla, and other Musk-owned companies to achieve its mission. xAI is actively recruiting experienced engineers and researchers in the San Francisco Bay Area to join its technical staff.
BYD Purportedly Strikes Partnership with US AI & Metaverse Firm MeetKai
BYD COMPANY and AI & metaverse company MeetKai jointly launched the "BYD World BYD Metaverse" virtual exhibition hall, providing customers in North and South America with immersive and interactive brand and product experiences online.
Crypto investment firm leads $2.8M seed funding round for AI-powered customer support startup AwesomeQA
Startup AwesomeQA, which uses AI to automate customer support in Discord and Telegram channels, has raised $2.8 million in a seed funding round led by North Island Ventures. Other investors included Coinbase Ventures and Uniswap Labs Ventures.
Investor Predicts Bitcoin Will Absorb All Prosperity Gains in the Future
Investor Luke Broyles predicts that Bitcoin will become "society's base money" and will absorb all prosperity gains in the future, leaving those without exposure behind. Broyles argues that Bitcoin's fixed, immutable supply makes it a future-proof asset, unlike other assets that are subject to competitive price forces. He urges people to "get off zero" and invest in Bitcoin, as even a small exposure will be valuable in the future.
Elon Musk: "AI can not crack bitcoin"
According toTucker Carlson Interview, Elon Musk said "AI can not crack bitcoin".
Hut 8 To Relocate 6,400 Bitcoin Mining Rigs From Canada to Texas As Demand for AI and High-Performance Computing Surges
July 4 (Cointime) - Bitcoin mining company Hut 8 is relocating 6,400 rigs from its facility in Ontario, Canada to Texas due to increased demand for AI and high-performance computing. This move is part of the company's plan to revive its operations after facing hurdles, including a legal dispute with energy supplier Validus.
