Artificial Intelligence Stocks Driving S&P 500 Gains, with Microsoft, Google, Nvidia, Apple and Meta Platforms Leading the Way
Recent advancements in artificial intelligence (AI) are boosting optimism about the productivity of businesses in the future and contributing to a surge in the stock market.
Apple created its new voice feature for—and with—people with ALS
Apple has developed a new accessibility feature called Personal Voice, which allows people with amyotrophic lateral sclerosis (ALS) to create and use a digitized version of their own voice using an iPhone, iPad or Mac. The feature needs only 15 minutes of spoken phrases for training and does all processing locally. After creating a Personal Voice, users will be able to turn their typed text into digitized speech in their own voice. Apple worked closely with members of the ALS community to implement the feature in a way that met their needs from the practical to cultural aspects.
Apple Halts Use of OpenAI's ChatGPT AI Chatbot Over Data Security Concerns
Apple Inc. has stopped using OpenAI's AI chatbot, ChatGPT, across its operations due to concerns over the potential compromise of sensitive company data.
Baidu's Head of Metaverse Operations Leaves as Company Zooms In On AI
Ma Jie, Baidu's head of metaverse, has reportedly left the company as Baidu shifts its focus to generative AI.
Can Ethereum Flip Bitcoin in Terms of Market Cap? An AI Language Model Weighs In
The question of whether Ethereum will surpass Bitcoin in terms of total market cap has been a hotly debated topic in the cryptocurrency industry. While Bitcoin has been the dominant market leader, Ethereum's market cap has grown to over 40% of Bitcoin's.
AiDOGE Emerges as Next-Generation Meme Coin with AI-Powered Platform and $AI Token
The Floki Inu coin, a meme coin, is experiencing a resurgence despite its poor performance. Chart analysis suggests an emerging uptrend, with the coin's price action indicating higher highs and higher lows. However, the bullish run could be curtailed if support levels falter, putting the bullish thesis at risk.
MakerDAO Announces "Endgame" Roadmap with AI Focus and New Blockchain Development
MakerDAO, the organization behind DAI stablecoin and MKR governance token, has announced a series of updates to its ecosystem.
Apple Co-founder Steve Wozniak Gives Dangeours Tesla Cars as AI Example Gone Wrong
Technology entrepreneur, philanthropist, and co-founder of multinational technology giant Apple, Steve Wozniak, has criticized Elon Musk, billionaire CEO of Tesla and also owner and CEO of Twitter, for failing to fulfill the promise to launch self-driving cars.
Tim Cook Says Apple Will Weave AI Into Products As Researchers Work on Solving Bias
Apple CEO Tim Cook has announced that the company plans to integrate artificial intelligence (AI) into its products and services in the coming years. Cook spoke about the potential for AI to transform various industries, including healthcare, education, and transportation, and how it could help to make products more accessible and inclusive.
Cointime News Wrapup-Afternoon: US Vice President Gathers Top Tech CEOs to Discuss Dangers of AI
The US vice president and top Biden administration advisors have held a meeting with CEOs from the AI industry to discuss concerns about the risks associated with AI.
Apple’s Tim Cook Says AI Concerns Still Need to Be Sorted Out
Apple Inc. Chief Executive Officer Tim Cook expressed cautious optimism about the flood of new artificial intelligence services, saying that while the technology has huge potential, there also are “a number of issues that need to be sorted.”
El Salvador Eliminates All Taxes on Technology Innovations, AI, App Programming
El Salvador’s president, Nayib Bukele, has enacted a law that eliminates all taxes on technology innovations, software and app programming, AI, computer, and communications hardware manufacturing.
JPMorgan Unveils ChatGPT AI Model to Predict Stock Market Moves on Fed Statements
JPMorgan Chase has developed an AI model, based on ChatGPT, that predicts stock market movements based on statements made by the Federal Reserve. The model, called the Hawk-Dove score, interprets the language used in Fed statements and assigns a score based on the potential impact on stock movements. The bank is reportedly working on over 300 AI use cases and spending over $2 billion on building cloud-based data centers. Dropbox has also announced plans to focus on AI-powered products, cutting 16% of its workforce to hire talent for this new strategy. However, concerns about AI development have led to calls for regulation from individuals and entities such as Elon Musk, John Legend, and the Chinese government.
Bitget Pledges $10M for Fetch.ai Ecosystem Amid ChatGPT Boom
Bitget has pledged $10 million for the development of Fetch.ai's ecosystem, which provides infrastructure to build autonomous services using AI agents. Bitget, currently the world's eighth-largest crypto spot exchange, plans to provide consultations on marketing and other services to help Fetch.ai expand its business partnerships. Fetch.ai's smart wallet features automation and integration with OpenAI's ChatGPT API, which surpassed 100 million users in January 2023. Bitget recently acquired a regulatory license to provide services in Lithuania and invested $30 million in multichain wallet provider BitKeep, becoming its controlling shareholder.
Crypto Morning Briefing: Binance.US Backs Out of Voyager Asset Purchase Deal
Meta's Q1 Profits Plunge 30%, Pivots to AI for Metaverse Growth Amid TikTok Pressure; Coinbase Goes Offensive Against The SEC With Lawsuit Targeted At Regulatory Clarity; Venom Foundation Announces the Release of its Public Testnet; TerraCVita Plans to Relaunch Terraport on Terra Classic After Certik Audit
Meta's Q1 Profits Plunge 30%, Pivots to AI for Metaverse Growth Amid TikTok Pressure
Meta, the parent company of Facebook and Instagram, is expected to report a steep decline in profits when it releases its first-quarter results, with analysts predicting earnings of $5.2bn, a drop of around 30% year on year. Revenue is predicted to fall just 1%, to $27.7bn. This comes as the firm pivots towards artificial intelligence as a source of growth, particularly for its metaverse ambitions, which have struggled to gain traction. While Facebook reported a two percent rise in monthly active users over the final quarter of the year, pressure from the rise of TikTok has dented ad revenues, which dropped from $115bn to $114bn last year. Layoffs, including 10,000 employees sacked last month, are part of an effort to streamline operations and focus on AI development. In March, the company also cut jobs and cancelled lower-priority projects.
Opera Integrates Generative AI in the Latest Browser Update
Web browser provider Opera has announced the latest version of its application, Opera One, which will include a new generative AI integration called AI Prompt. The in-browser AI feature will deliver users "contextual prompts" for web pages or highlighted text and will automatically be enabled for all users. The update page lists examples of how generative AI can be used while browsing, including shortened long texts for more accessible reads, explanations of complex ideas, and content creation. The AI-enhanced version of Opera One is currently released under early access. The latest AI integration falls in line with major trends in the emerging technology industry, with internet and tech giants all making AI integration-related announcements since the beginning of the year.
Crypto Evening Briefing: S Korean MPs to Create Law that Distinguishes CBDCs from Crypto
South Korea is reportedly moving closer to launching a central bank digital currency (CBDC), with a new draft law set to create legal terminology for CBDCs.
Binance Integrates ChatGPT Into the Web3 Academy
The artificial intelligence (AI) chatbot ChatGPT took the world by storm after its latest release in late November 2022. While initial reactions included much opposition to the technology, the technology continues to witness growing implementations.
Chain Insights — How AI is Shaping the Development of the Metaverse
The integration of AI into the Metaverse has the potential to transform the way we interact with digital worlds. By leveraging the power of blockchain technology and AI, we can create a more immersive, secure, and personalized virtual world that can be enjoyed by millions of users worldwide.
