Google Cracked ChatGPT

Plus: How Bitcoin Will Be Scarcer Than Gold

Author

Sam Siam
December 06, 2023

AI

Nvidia's CEO, Jensen Huang, predicts a major leap in AI technology with the emergence of Artificial General Intelligence (AGI) within the next five years. AGI, envisioned as a system capable of performing tasks and solving problems at a level comparable to human intelligence, has long been a goal in AI research.

Stability AI has unveiled a groundbreaking AI tool, "Stable Video Diffusion" (SVD), capable of transforming any still image into a brief video. This free research tool utilizes image-to-video technology to produce 2-4 second video clips, showcasing a blend of static scenes and dynamic elements like smoke or fire. The tool offers two models: SVD, generating 14 frames, and SVD-XT, producing 25 frames, with resolutions up to 576x1024. Although currently in its early stages and aimed primarily at research purposes, SVD represents a significant step in AI video synthesis, inviting experimentation and feedback from users.

Researchers at Google's DeepMind have discovered a significant vulnerability in OpenAI's ChatGPT, demonstrating that the AI can unintentionally leak parts of its training data, breaching its alignment and privacy guidelines. This issue, termed "extractable memorization," was revealed by prompting ChatGPT to repetitively output a single word like "poem," which led the AI to eventually extract complete passages from its training data, including sensitive information like personal names and contact details.

OpenAI is pushing back its GPT Store launch to early 2024, a shift from its initial November 2023 target. The pushback comes after a rollercoaster few weeks at OpenAI, filled with some big shifts at the top, including the temporary departure and subsequent reinstatement of CEO Sam Altman. The GPT Store, originally introduced at OpenAI's developer conference, is designed to enable users to list and monetize their custom AI bots created with the GPT Builder tool. Right now, OpenAI's team is busy tweaking their GPTs with ideas from users, all while sorting out their management team and getting things back on track.

WEB3

The U.S. Securities and Exchange Commission (SEC) has extended the review period for Grayscale Investments' application for a spot Ethereum ETF. The decision, initially expected soon, has been pushed back by 45 days to January 25, 2024. This postponement allows the SEC more time to thoroughly consider the implications and details of the proposed rule change. The SEC's decision to delay reflects its cautious approach in dealing with significant developments in the cryptocurrency market, particularly those involving mainstream financial products like ETFs.

Crypto expert Brian Kelly, during an episode of CNBC's Fast Money, provided insights on Bitcoin's trajectory, especially post the 2024 halving event. He predicts that following this event, Bitcoin will become an unprecedentedly scarce asset, surpassing even gold in terms of rarity. This scarcity is attributed to the reduced daily output of Bitcoin, approximately 900 BTC per day, and the stock-to-flow ratio, which compares the annual production to the total available supply. Kelly's analysis suggests that this scarcity could lead to a significant performance boost for Bitcoin, traditionally observed 12 to 16 months after a halving. His bullish outlook extends to other cryptocurrencies as well, anticipating a follow-up surge in altcoins like Ethereum and Solana, with more possibly joining the trend by early next year.

Industry leaders in blockchain gaming foresee 2024 as a year of significant innovation and growth in the Web3 gaming sector. Henry Chang, CEO of Wemade, anticipates a surge in blockchain-based games, emphasizing the integration of more intricate Web3 elements in game mechanics and diverse genres. He highlights the potential for blockchain to revolutionize gaming by enabling new revenue models, enhancing community engagement, and returning in-game asset ownership to players.

Bitcoin's recent surge has led to a substantial $170 million loss for short traders, who bet against BTC's price rise. Over the past two days, $90 million was lost on Tuesday, adding to Monday's $70 million in short liquidations. This surge in Bitcoin's price, from $39,000 to $44,000, has been driven by several factors, including optimism around the potential approval of a spot ETF in the U.S., anticipated rate cuts, and increasing interest in Bitcoin from leaders in major economies. The significant increase in trading volumes and open interest in Bitcoin suggests growing investor enthusiasm. Analysts now speculate that Bitcoin's price could soon surpass the $48,000 mark, a level last seen in March 2022, indicating a bullish trend for the cryptocurrency with strong support near $38,000.

MARKETING

Meta has introduced significant updates to its ad bidding strategies, offering more control and potentially better outcomes for advertisers. The key changes include an updated 'Cost Per Result Goal' bid strategy, allowing advertisers to set a manual bid for conversions (e.g., $20 per purchase), aiming to optimize spending efficiency. However, this strategy may lead to underutilization of the budget and other performance issues. Additionally, the 'Return On Ad Spend (ROAS) Goal' bid strategy has been revised to help the algorithm target a specific ROAS when optimizing for purchase value.

Erica Santiago, in her analysis with Glimpse, identifies the most and least effective types of emails according to marketers. The top four engaging email types include multimedia-rich emails, basic emails with links and light imagery, discount emails with clear savings in the subject lines, and product/service announcement emails personalized to consumer preferences. On the flip side, emails garnering the least engagement are article-style emails, emails promoting contests or competitions, educational emails focusing on industry insights, and event announcements. The key takeaway is that successful emails must offer clear value to recipients, be easily digestible, and directly relate to the solutions provided by the organization.

Dan Neary, Meta's Vice President for APAC, shares his insights on the evolving landscape of social media and its impact on business in 2024. He emphasizes the significant role of generational shifts and technological advancements in shaping user engagement and commerce. Particularly noteworthy is the growing influence of Gen Z, with their unique digital habits and community involvement. These trends collectively signal a shift in how businesses will interact with consumers, emphasizing the need for adaptability and innovation in social media strategies.

LinkedIn introduces new features to enhance the effectiveness and measurement of B2B marketing campaigns. These updates include the Conversions API (CAPI), which offers a privacy-compliant way to integrate both online and offline data, providing more accurate tracking of campaign influence without relying on cookies. Additionally, LinkedIn introduces 'Website Actions', a tool designed to simplify conversion measurement and retargeting on websites by automatically capturing actions like button clicks and page visits.

Tools 'n' Toast

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