AI conundrum and Apple's BTC surprise
The growing concern of AI misuse across the globe. US Treasury says decentralised crypto markets threaten national security. A 100 ETH for a free NFT. A hidden Bitcoin white paper in the MacOS.
Hello y'all. Dispatched wanting to explore a new career, wanting to be a musician. With a little bit of help … what else, but AI 👇
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What do you do with AI?
That's the question everyone is asking. Everywhere. How do we deal with this new technology monster. Come to think of it, it is just the beginning.
The big boys weigh in
US President Joe Biden has called on tech companies to address the risks associated with artificial intelligence (AI).
Speaking at a virtual White House event, Biden said that AI has the potential to revolutionise the world, but also poses significant risks, including the potential for bias and discrimination.
He urged tech firms to work with the government to develop ethical guidelines for AI and to ensure that the technology is used in a way that benefits society as a whole.
Biden also announced the creation of a new National AI Research Resource Task Force to help advance AI research and development.
Germany, France, Sweden, and Canada have voiced concerns over the use of artificial intelligence (AI), citing fears over privacy, security, and the potential for bias.
The countries have called for greater regulation and transparency around AI, with Germany's Chancellor Angela Merkel stating that "we need to be careful that the decisions we take now do not lead to a situation where we have lost control over our own destiny."
The concerns come as AI continues to be integrated into various industries, including healthcare, finance, and transportation.
Industry chugs along
Forsage: Several US state regulators have accused the AI trading decentralised application (DApp) of being a Ponzi scheme. Regulators in Texas, Alabama, and South Carolina have issued cease and desist orders against the platform, alleging that it is a pyramid scheme that relies on new investors to pay returns to earlier investors. Forsage has denied the allegations and stated that it is a legitimate platform that operates on a peer-to-peer basis.
Meta: Has revealed an AI tool that will help brands target users on Facebook and Instagram. The tool, called "Meta Audience Insights," will use machine learning to analyse user behaviour and interests, allowing brands to create more targeted ads. The tool will also provide insights into audience demographics, such as age, gender, and location. However, the tool has raised concerns about privacy and data usage, as Meta has faced criticism for its handling of user data in the past.
Amazon: A new report suggests that Amazon may have lost the AI race to Google and Microsoft. While Amazon has been a leader in the development of voice assistants with Alexa, it has fallen behind in other areas such as computer vision and natural language processing. Google and Microsoft have made significant strides in these areas, with Google's AI technology even surpassing human performance in certain tasks. However, Amazon still has a strong position in the e-commerce market and could potentially catch up in the AI race with strategic acquisitions and partnerships.
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RIP Bob Lee
A senior executive at cryptocurrency project MobileCoin, was fatally stabbed in San Francisco on April 5.
Lee was a well-respected figure in the cryptocurrency industry.
Lee was reportedly attacked while walking his dog in the city's Lower Haight neighbourhood. The motive for the attack is currently unknown, and no arrests have been made.
TTD Check it out 🧐
A hidden white paper on Bitcoin has been discovered in the MacOS.
The document, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," was authored by the pseudonymous creator of Bitcoin, Satoshi Nakamoto, and was first published in 2008.
The discovery of the hidden white paper has been described as an "ultimate Easter egg" for Bitcoin enthusiasts and highlights the continued interest and fascination with the cryptocurrency and its origins.
The Bitcoin Whitepaper in every modern copy of macOS - check for yourself.
TTD Blockquote 🔊
Brian Nelson, US Treasury’s undersecretary for terrorism and financial intelligence.
“Illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds.”
The US Treasury has warned that decentralised cryptocurrency markets pose a threat to national security.
The department's Office of Foreign Assets Control (OFAC) said that the lack of regulation in decentralised markets makes them vulnerable to illicit activities such as money laundering and terrorism financing.
The warning comes amid growing interest in decentralised finance (DeFi) platforms, which allow users to trade cryptocurrencies without the need for intermediaries such as banks.
TTD WTF ⚠️
100 ETH for a free NFT 🤦
An OpenSea collector accidentally placed a 100 ETH bid on a free NFT due to fat fingers. Spending $191,239, instead of nothing. The token was part of NFT marketplace OpenSea’s Gemesis NFT collection — free NFTs as part of OpenSea Pro launch promotion on April 4.
The trader’s bid is a 250,000% increase on the floor price of 0.04 ETH.
TTD NFT Buzz
Bitcoin Stamps protocol claims it is the “most permanent” means of inscribing data on the Bitcoin blockchain. Better than Ordinals, so they claim.
Bugatti and Asprey are launching one of the most expensive Bitcoin NFT collections, and it will come with a physical counterpart.
Feature.io announces 'Lollipop' an NFT racing game on Polygon, the project is led by filmmaker David Ayer and will be an interactive media experience.
TTD Surfer 🏄
Coinbase-backed motion says that Tornado Cash ban is unconstitutional, and seeks to reopen Tornado Cash for all US-based citizens i
Japan approves Web3 white paper proposing more tax reform, clearer accounting standards and a DAO law to promote industry growth.
Australia financial regulator cancels Binance derivatives business license, a day after Binance has requested the cancellation.
Binance rejects Justin Sun’s offer to buy his Huobi stake over rumoured ties to China, according to a source.
Peru considering CBDC to improve payment system. The Central Reserve Bank of Peru (CRBP) has published a paper to examine Peruvian CBDC.
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.