The world of artificial intelligence is in a state of flux, with breakthroughs and setbacks on multiple fronts. In the realm of cryptocurrency, a massive liquidation event saw over 105,000 traders wiped out, with a total of $182 million being erased from the digital asset space. Bitcoin's price drop below $97,000 has left many investors reeling, while AI tokens such as AI16Z and ARC have surged in value due to massive whale purchases. On the other hand, altcoins like ADA have seen a significant price increase, with a 9.73% jump in the past 24 hours.
In the world of AI itself, researchers have discovered that recent advancements in the field have not come from scientific breakthroughs, but rather from the simple act of scaling up existing systems. By increasing computational power, using larger datasets, and building bigger models, AI systems have become more capable and efficient. However, this approach also raises concerns about the potential risks and consequences of creating more powerful AI.
The US and UK have declined to sign a joint declaration on AI at the Paris AI summit, citing concerns about excessive regulation and the potential impact on innovation. Meanwhile, China has signed up to the declaration, with President Macron emphasizing the need for trustworthy AI. The summit has also seen a focus on the economic opportunities presented by AI, with industry leaders predicting that it will have a significant impact on small businesses in 2025.
In other news, Apple and Alibaba have reportedly partnered up to add AI-powered features to iPhones in China, with shares in both companies seeing a lift. Thomson Reuters has won a copyright 'fair use' ruling against a former competitor, with a federal judge determining that the use of their content was not permitted under U.S. copyright law.
Key Takeaways
- Over 105,000 traders were liquidated in the past 24 hours, with a total of $182 million being erased from the digital asset space.
- AI tokens such as AI16Z and ARC have surged in value due to massive whale purchases.
- Researchers have discovered that recent advancements in AI have come from scaling up existing systems, rather than scientific breakthroughs.
- The US and UK have declined to sign a joint declaration on AI at the Paris AI summit.
- Apple and Alibaba have reportedly partnered up to add AI-powered features to iPhones in China.
- Thomson Reuters has won a copyright 'fair use' ruling against a former competitor.
Sources
- 105K Traders Liquidated as Bitcoin Slips Below $97,000: AI Tokens, ADA Soar
- Scaling Up: How Increasing Inputs Has Made Artificial Intelligence More Capable
- US, UK decline to sign Paris AI summit declaration
- Paris AI Action Summit sidelined talk of the technology's risk and played up AI opportunity
- Trump's Efforts to Dismantle AI Protections, Explained
- Pinkfish helps enterprises build AI agents through natural language processing
- 2025 AI Predictions For Small Businesses
- Apple (AAPL) and Alibaba (BABA) Shares Rise on Reports of Chinese AI iPhone Partnership
- Thomson Reuters wins AI copyright 'fair use' ruling against one-time competitor
- Federal Judge Rules Against AI Legal Tool in Copyright Dispute