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Tag Archives: Artificial Intelligence (AI)

Meta’s Reality Labs Hits $1 Billion in Q4 Revenue Despite $4.65 Billion in Operating Loss

Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over $1 billion in revenue in the last quarter of 2023, primarily driven by sales of its Quest headsets and the Ray-Ban Meta smart glasses. Reality Labs Breaks Revenue Records Although surpassing the $1 billion revenue mark marks a significant achievement for Meta’s Reality Labs,...

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VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report

A significant challenge for AI lies in its potential to compromise privacy. Artificial Intelligence (AI) systems depend on vast amounts of data, which could be exploited for identity theft or cyberbullying. There are worries about personal data being utilized to train AI models, the creation of deepfake voices or faces for fraudulent activities, and nations conducting information warfare campaigns. But blockchain can solve this crisis. A new report suggests that blockchain...

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xAI Investment Figures Denied by Elon Musk

Grok, an AI chatbot with access to tweets from all over X and programmed to be as snarky as possible, is the principal product offered by xAI. The company is Elon Musk’s response to OpenAI – which he also co-founded. However, he later left after disagreements with Sam Altman and others over how to develop and profit from the tech that they were building. Bid for Investment Registered Late Last Year In early December, Elon Musk filed an SEC Form D for xAI, a document that...

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AI Usurps Crypto at Davos World Economic Forum

The WEF in the Swiss town of Davos kicked off on Jan. 15 with more than 60 heads of state and government in attendance. In previous years, crypto companies were leading the advertising race in the main promenade in Davos; however, the billboards have been taken over by AI firms in 2024, reported CNBC. This shift reflects the explosion in interest and investment in AI over the past year. Meanwhile, crypto has faded from the Davos spotlight after its terrible 2022, lackluster...

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Michael Saylor Takes Down 80 AI-Generated Deepfake Videos of Himself Every Day

Michael Saylor revealed an alarming trend involving the proliferation of artificial intelligence (AI) generated deepfake videos featuring him. Saylor disclosed that his team is tirelessly working to remove approximately 80 such fake videos daily, most aimed at promoting various Bitcoin scams. Deepfake Videos Promoting Bitcoin Scams ⚠️ Warning ⚠️ There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode. My team...

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Artificial Intelligence (AI) Agents Set to Rule the Blockchain: Nansen Reports

In the face of declining prices in the crypto market and rising global interest rates, investors turned their attention to artificial intelligence (AI) this year. Bitcoin will remain the primary focus in the future; experts also suggest that AI will take center stage. According to Nansen’s latest projection, AI agents will dominate the blockchain in 2024, contributing to a more secure and streamlined ecosystem. AI Prominicense Nansen’s forecast for 2024 envisions a pivotal...

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Elon Musk’s xAI Files for Private Sale of $1B Worth of Unregistered Securities

Elon Musk – who was also one of the founders of OpenAI back in the day – has been working on xAI for a while now, a firm launching another chatbot named Grok whose selling point is being “quirky” and having access to the Twitter API in order to stay up to date with current events. Announcing Grok! Grok is an AI modeled after the Hitchhiker’s Guide to the Galaxy, so intended to answer almost anything and, far harder, even suggest what questions to ask! Grok is designed to...

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Sacked OpenAI CEO Sam Altman Reinstated Just Days After Departure

OpenAI announced the reinstatement of Sam Altman as CEO and the appointment of new board members, responding to the widespread backlash following his unexpected removal. The Delaware-based American artificial intelligence research organization asserted that it is working “to figure out the details” of the agreement. Altman confirmed the development and added that he is looking forward to returning to OpenAI. Sacked CEO Returns to OpenAI Altman gained recognition following the...

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What 600 Startup Applications Tell About Blockchain & AI in 2024

This is an opinion post written for CryptoPotato by Ken Timsit, Head of Cronos Labs 2023 is the year of artificial intelligence, and there’s no better time than now to take a deeper dive into the different types and use cases of AI — especially for startups and projects working at the intersection of AI and blockchain. To carry the momentum into 2024, Web3 startups should get a better sense of what to focus on when developing projects at the intersection of blockchain and AI....

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OpenAI Announces GPT-4 Turbo and Launches Innovative GPT Store

Microsoft-backed OpenAI has just announced the launch of GPT-4 Turbo and its innovative GPT store, marking the debut of its most advanced artificial intelligence technology. OpenAI’s Chief Executive Officer, Sam Altman, shared these exciting updates during the AI lab’s inaugural developer conference. OpenAI Unveils GPT-4 Turbo In a Monday public address, OpenAI CEO Sam Altman announced the launch of GPT-4 Turbo, marking the debut of its most advanced artificial intelligence...

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