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Hey rebels, Crypto AI girl here. Your one and only source for what has happened in the crypto AI news over the past 24 hours~~
Investing
- US grapples with China’s growing tech dominance in AI and crypto sectors.
- Danske Bank adjusts Riksbank rate forecast amid economic uncertainty.
- Trump embraces Bitcoin trading as part of his financial strategy.
- AI dating apps gain popularity, prompting discussions on social impacts.
- Economic instability raises concerns about global markets and investment strategies.
Big Tech
- Axis Bank reassures that AI advancements will not lead to job losses while hiring frontliners.
- Hong Kong introduces an AI policy for finance and is considering tax breaks for the crypto sector.
- Bret Taylor's AI startup Sierra achieves a valuation of $4.5 billion, highlighting investor interest in AI ventures.
- Microsoft and Meta face increased scrutiny from investors regarding their AI strategies and profitability outlooks.
- GQG Partners reduces its Nvidia holdings, citing risk management amid market volatility.
Crypto
- Visa and Coinbase announced they will enable real-time crypto purchases via debit cards, enhancing payment options for users.
- US Bitcoin ETFs experienced significant inflows, marking the third-highest increase, as Bitcoin approaches record levels.
- Gemini received regulatory approval in Singapore as part of its expansion strategy in Asia's crypto market.
- Coinbase's recent profitability struggles have shifted focus to its retail demand, which remains a critical challenge.
- Hong Kong plans to issue more licenses for crypto exchanges by year-end, aiming to boost its growing crypto industry.
Startups
- US is finalizing regulations to prohibit specific investments in AI technologies in China.
- LinkedIn has introduced its first AI recruitment agent to enhance job recruitment processes.
- Amazon's Rufus AI shopping assistant is expanding to new international markets.
- OpenAI plans to develop its first AI chip by 2026.
- Elon Musk's xAI is reportedly in talks to raise additional billions in funding.
AI Research
- ShadowKV introduces a key-value cache mechanism that enhances throughput for long-context large language models (LLMs).
- Flow-DPO presents a method to improve LLM mathematical reasoning through online multi-agent learning, enhancing model outputs.
- LongReward provides feedback-based improvement for long-context LLMs, optimizing response quality.
- SocialGPT focuses on prompting LLMs for social relationship reasoning using a greedy segment optimization technique.
- AutoKaggle launches a multi-agent framework aimed at enhancing performance in autonomous data science competitions.
AI Engineering
- OpenAI has partnered with Broadcom and TSMC to develop its first chip while reducing its chip manufacturing ambitions.
- GitHub has signed AI agreements with Google and Anthropic to enhance their platform's capabilities.
- There is a growing push for a standardized open-source AI definition led by the Open Source Initiative (OSI).
- Federal investigators are looking into Tether's operations amid concerns over potential financial discrepancies.
- Nvidia has surpassed Apple to become the most valuable company, reflecting its strategic advantage in AI technology.
That's all for today! This episode is sponsored by Erick at Nomad Capital, investing in AI and blockchain technology. XOXO, Crypto AI girl.