Morning Bytes 2024/11/05

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2024-11-05

Good morning rebels, Happy Tuesday! Here comes your daily dose of digital dynamics! 🌊

Startups

• US laws regulating AI are currently difficult to establish, but there are signs of potential progress. link
• A robotic arm built in four days effectively cleans spills using GPT-4 technology. link
• Meta plans to use its Llama AI models for applications related to US national security. link
• Amazon has introduced generative AI-powered video recaps for Prime Video content. link
• Apple will allow users to upgrade to ChatGPT Plus directly within the Settings app. link

Big Tech

• Canada Arrests Man Suspected of Hacks of Snowflake Customers: A man in Canada has been arrested for allegedly hacking into Snowflake customer accounts, highlighting cybersecurity concerns in cloud services. link
• Amazon Still Backs Talen Nuclear Deal After Regulator Rejection: Amazon continues to support Talen Energy’s nuclear project despite regulatory challenges, emphasizing its commitment to sustainable energy sources. link
• Southeast Asia's Digital Economy Slows as Consumers Cut Spending: The digital economy in Southeast Asia is experiencing a slowdown as consumer spending decreases, affecting technology sectors, including e-commerce and digital payments. link
• Chinese Group Accused of Hacking Singtel in Telecom Attacks: A Chinese hacker group is alleged to have targeted Singtel's telecom infrastructure, raising fears about data security and geopolitical tensions in cyberspace. link
• Japan Stocks Edge Higher as Traders Return From 3-Day Weekend: Japanese stocks inch up following a three-day weekend, reflecting optimism among investors and potential interest in technology shares. link

Crypto

• Singapore is launching networks to commercialize a digital asset tokenization platform following successful trials. link
• Bitcoin miners Marathon and Riot reported record production levels post-halving. link
• German traditional finance firms confirmed a trial to mine Bitcoin using surplus energy to stabilize the electric grid.