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October 28, 2024 3 mins

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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~~

Startups

- Elon Musk's xAI enhances Grok with image understanding capabilities. 

- Official definition for open-source AI has finally been established. 

- Read AI secures $50M to expand integration of its bot into Slack and email. 

- OpenAI announces it will not release its Orion model this year. 

- Waymo raises $5.6B from investors including Alphabet and a16z. 


Crypto

- FTX settles with Bybit for $228 million as part of bankruptcy efforts. 

- Metaplanet becomes Asia's largest Bitcoin holder with over 1,000 BTC. 

- Hong Kong introduces new licenses and tax perks to bolster its crypto industry. 

- Nvidia faces key earnings report, significantly affecting its valuation. 

- Coinbase developer launches a tool for users to create AI agents quickly. 


Big Tech

- Hong Kong has introduced a new AI policy aimed at enhancing the finance sector and is considering tax breaks for cryptocurrency businesses. 

- Aramco's venture arm has designated $100 million for investments in AI technology. 

- A Mumbai drugmaker is reportedly facilitating access to Nvidia's AI chips for Russia amid continued sanctions. 

- Nvidia is facing critical developments this week as key earnings reports approach, impacting market anticipation. 

- Dell Technologies revealed plans to integrate AI advancements into their product offerings, emphasizing competitive innovation. 


AI Engineering

- Nvidia dethrones Apple as the most valuable company: Nvidia's stock surge in AI sectors surpasses Apple's market capitalization, highlighting the growing importance of AI in the tech landscape. 

- Federal investigators probe Tether: Authorities are scrutinizing Tether over possible financial improprieties, raising questions regarding the stability of its stablecoin backing. 

- Akon's Cryptocurrency City in Senegal Has Evaporated: Plans for Akon's ambitious crypto-centric city in Senegal appear to be dismantling, as stakeholders raise doubts regarding its viability. 

- Open-Source Obsidian Alternative: A new open-source project emerges as a competitor to Obsidian in note-taking software, tapping into the growing demand for customizable, privacy-oriented applications. 

- Company named "SCRIPT SRCHTTPS:MJT.XSS.HT LTD" forced to change it: A company with a controversial name regarding SSL issues faces mandatory rebranding, reflecting regulatory concerns in tech naming practices. 


AI Research

- Research explores the counting ability of large language models (LLMs) and how tokenization impacts their effectiveness. 

- A novel approach, LOGO, is introduced for efficient preference optimization in long-context scenarios. 

- Study reveals methods to enhance LLM reasoning skills through scalable question synthesis. 

- Framer is developed as an interactive tool for frame interpolation in video processing. 

- Generative infinite game concept, 'Unbounded,' simulates character life dynamics creatively. 


That's all for today! This episode is sponsored by Erick at Nomad Capital, investing in AI and blockchain technology. XOXO, Crypto AI girl.

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