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The Future Is Now: 🤖 Artificial General Intelligence Is Now Within Reach!

Plus: Amazon's ambitious AI project 'Olympus', YouTube's new AI-powered tools, and Samsung's multifaceted AI, Gauss

Author

Sam Siam
November 15, 2023

AI

OpenAI, the force behind ChatGPT, is gearing up to elevate artificial intelligence to new heights. CEO Sam Altman envisions creating artificial general intelligence (AGI) – software with human-like intelligence. AGI differs from the current AI systems, which are specialized in specific tasks. AGI aims to develop software that can understand, learn, and apply knowledge across various tasks.

Amazon is setting its sights high in the AI arena with its latest project, codenamed 'Olympus'. In what appears to be a direct challenge to OpenAI and Google, Amazon is pouring resources into developing one of the largest large language models (LLMs) known to date. 'Olympus' is to boast an impressive 2 trillion parameters, potentially dwarfing OpenAI's GPT-4.

YouTube is revolutionizing content creation with an array of AI-driven tools, as unveiled at its recent Made on YouTube event. This ambitious venture into generative AI technology marks a significant shift in the content creation landscape on the platform. Among the new features are AI-generated photo and video backgrounds, video topic suggestions, and an advanced music search capability.

Samsung is bringing generative AI to its devices by developing its own AI model, named Gauss, after the renowned mathematician Carl Friedrich Gauss. Developed by Samsung Research, Gauss is set to power a variety of on-device AI technologies across Samsung's product range. This multifaceted model encompasses Gauss Language for tasks like translations and summarizing documents, Gauss Code as a coding assistant, and Gauss Image for image generation and editing, including upscaling low-resolution images.

WEB3

The bankrupt FTX Group is taking legal action against crypto exchange Bybit. The lawsuit aims to recover assets valued at nearly $1 billion, marking one of the most substantial claims in FTX's ongoing bankruptcy proceedings. This move by FTX, under the leadership of John J. Ray III, seeks to address the repercussions of what Ray described to Congress as a “complete failure” of corporate control, a situation unparalleled in his experience, including during the Enron bankruptcy.

Poloniex has fallen victim to a significant hacking incident, resulting in the loss of approximately $114 million. The breach was initially detected by blockchain security firms PeckShield and Cyvers, and later confirmed by Poloniex investor Justin Sun. The hack targeted various wallets across multiple blockchains, including a major theft from an Ethereum wallet, which transferred $114 million in tokens in over 350 transactions. Additionally, a Tron blockchain wallet was compromised, leading to a transfer of about $42 million to different wallets.

The cryptocurrency market is witnessing a significant shift, marking the first net capital inflow in 17 months, as indicated by the rising supply of the top four stablecoins. This positive development, tracked by blockchain analytics firm Glassnode, points to an increase in the supply of tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI), suggesting a renewed investor interest in the crypto market.

A prominent crypto analyst, known for his accurate Bitcoin (BTC) predictions, has recently shared an optimistic forecast for the cryptocurrency, despite its latest corrective dip. In a new video, Credible Crypto, addressing his substantial following on the social media platform X, suggests that Bitcoin is currently in the final stages of a 'wave four' correction, a part of its broader upward trajectory.

MARKETING

Meta is breaking new ground by integrating Amazon shopping directly into its Facebook and Instagram platforms. This innovative feature allows users to seamlessly connect their social media accounts with Amazon, enabling them to purchase products featured in ads without leaving the app. Aimed at providing a more fluid shopping experience, this integration showcases real-time pricing, Prime eligibility, delivery estimates, and detailed product information within the social media environment.

X is set to undergo a major algorithmic overhaul as announced by Elon Musk. This update is designed to shift the focus of the app’s 'For You' feed, moving away from predominantly featuring popular and trending posts to highlighting content from smaller, less-known accounts. Musk's strategy aims to widen user exposure to new and diverse voices outside their existing network, thereby fostering a more varied and inclusive content landscape.

As the cryptocurrency user base surges to 420 million in 2023, the need for innovative and inclusive marketing strategies to broaden crypto's appeal is more critical than ever. This shift in marketing perspective is vital for the widespread adoption of cryptocurrencies, positioning them not just as investment vehicles but as integral parts of daily financial management.

Creating a powerful marketing funnel in 2023 is more than just a strategic necessity; it's a transformative approach to digital marketing. In this comprehensive guide, Marisa Murgatroyd provides actionable insights into constructing a marketing funnel that genuinely converts, covering every stage from initial awareness to the final sale.

Tools 'n' Toast

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