In this section, I share what I am up to, pictures of the week, what is new in AI and crypto, and more.
Dear readers,
I am trying something new. For the first ten followers who purchase any three of my books in any format, I will send them the other three autographed. You can let me know at [email protected].
No more talks for the summer. I will be traveling a lot in July, August, and September. Will do my best to keep the weeklies coming.
Epi One has now raised $760,831 from 140 investors. Minimum investment is $500. Seems to be a lot of interest in early detection of cancer. The company has just acquired some new PCR (polymerase chain reaction) based testing equipment.
Crypto News Highlights for the Week of July 8-12, 2024
Disclaimer: The cryptocurrency market is highly volatile, and the information provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Market Trends
- Bitcoin Consolidation: Bitcoin has been trading sideways, struggling to break above the $60,000 resistance level. The market is displaying signs of volatility and uncertainty.
- Altcoin Weakness: Most altcoins have followed Bitcoin’s trend, with many experiencing double-digit losses. Ethereum, the second-largest cryptocurrency, has also faced downward pressure.
Regulatory Updates
- US Senator Calls for Crypto Regulation Clarity: A US Senator has called for clearer regulations in the cryptocurrency space, emphasizing the need for consumer protection and investor safeguards.
- Global Regulatory Scrutiny: Cryptocurrencies continue to face increased scrutiny from regulators worldwide, with countries like India and China implementing stricter rules.
Other Notable News
- Mt. Gox Repayments: The ongoing repayment process for victims of the Mt. Gox exchange hack is still underway, with some creditors receiving their funds.
- Institutional Interest: Despite the market downturn, institutional investors continue to show interest in cryptocurrency, with some firms increasing their holdings.
- Crypto Adoption: Efforts to promote cryptocurrency adoption in developing countries are ongoing, with initiatives focusing on education and infrastructure development.
Key Takeaways
The cryptocurrency market remains volatile, with Bitcoin struggling to regain momentum. Regulatory uncertainty and economic factors continue to influence market sentiment. Investors should proceed with caution and conduct thorough research before making any investment decisions.
AI News Highlights for the Week of July 8-12, 2024
Here’s a summary of some of the biggest AI news stories from this past week:
Major Developments:
- SoftBank Acquires Graphcore: Japanese tech conglomerate SoftBank has acquired British AI chipmaker Graphcore, marking a significant investment in the AI hardware sector. This move positions SoftBank as a major player in the AI chip market.
- Samsung Enhances AI Features: Samsung has unveiled new AI features for its latest foldable and wearable devices. These advancements focus on improving user experience and productivity through AI-powered enhancements.
- Microsoft Details “Skeleton Key” AI Jailbreak: Microsoft has revealed a new type of AI jailbreak attack called “Skeleton Key,” which can bypass safety measures in multiple generative AI models. This highlights the ongoing challenges of ensuring AI safety and security.
Other Notable News:
- AI’s Impact on Game Design: AI is revolutionizing game design by enhancing player experiences through intelligent NPCs, adaptive difficulty levels, and personalized gameplay.
- Tech Executives Confident in AI Skills: A recent survey indicates that tech executives are confident in their employees’ AI skills, but they also acknowledge adoption barriers within their organizations.
- Microsoft and Apple Step Back from OpenAI Board: Microsoft and Apple have decided not to take up board seats at OpenAI. This move comes amid increased regulatory scrutiny of big tech’s involvement in AI development.
- China Unveils Open-Source Humanoid Robot: The National Local Joint Humanoid Robot Innovation Center in China has unveiled the open-source general-purpose humanoid robot Qinglong. This development showcases China’s advancements in robotics and AI.
These are just a few of the major AI developments from the past week. The field of AI is rapidly evolving, and new breakthroughs are emerging constantly.
My YouTube channel is at http://www.youtube.com/jrpatric The oldest one on the channel was from a speech I gave in Paris in 1996. It is here.
