Morning Bytes 2024/10/31

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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~~

Crypto

- BlackRock's Bitcoin ETF reaches a historic milestone of $30 billion in assets under management, becoming the fastest-growing ETF ever. 

- Bitcoin's trading volume remains dominant on Crypto.com, with Bitcoin and Ethereum accounting for 97% of trades. 

- Spot Bitcoin ETFs experience massive inflows, surpassing $1 million BTC in assets and attracting $870 million on significant trading days. 

- The US Treasury forecasts that tokenization and stablecoins could transform the financial landscape, urging for careful regulation. 

- Hong Kong commits to expanding its crypto regulatory framework, promising more licenses and tax incentives to stimulate industry growth. 


AI Engineering

- OpenAI collaborates with Broadcom and TSMC to create a new chip while scaling back its foundry ambitions. 

- GitHub announces partnerships with Google and Anthropic to enhance AI capabilities. 

- Researchers develop deep learning techniques that can detect when LLMs express uncertainty. 

- A deep dive into revolutionary algorithmic music generation practices involving Python. 

- Probes into Tether draw federal investigators, raising concerns around its operations. 


Startups

- Zoox co-founder claims Tesla lacks viable self-driving technology. 

- Bifrost's 3D data-generation platform improves model training speed for industries. 

- Apple introduces M4 Max chip, enhancing MacBook Pro performance. 

- OpenAI reportedly plans first AI chip launch in 2026. 

- ElevenLabs hires Omnivore team to bolster its AI capabilities. 


AI Research

- TokenFormer introduces a novel approach to scale transformer models through tokenized parameters, enhancing model efficiency. 

- A study reveals that Mixture of Experts models can have user prompts stolen, raising privacy concerns in AI applications. 

- xLSTM provides a large recurrent action model which accelerates inference times for robotics tasks, promising efficiency gains. 

- CORAL benchmarks enhance the performance of multi-turn conversational retrieval systems, improving user interactions. 

- ShadowKV boosts LLM inference by optimizing key-value cache management for long-context processing. 


Big Tech

- Microsoft and Meta brace for investor scrutiny over AI investments and profitability. 

- Hong Kong introduces an AI policy for the finance sector and considers tax incentives for cryptocurrency activities. 

- Coinbase commits an additional $25 million in political funding to advocate for the cryptocurrency industry. 

- Bret Taylor's AI startup Sierra achieves a valuation of $4.5 billion. 

- Saudi Arabia's PIF allocates $100 million for AI investment endeavors. 


Investing

- Trump Trades Bitcoin Is Boss, Bonds at a Loss: Trump continues to advocate for Bitcoin while bonds perform poorly. 

- AI Dating Might Actually Not Be So Bad: A discussion on the potential benefits and growing acceptance of AI-assisted dating apps. 

- Coders in a Himalayan Dorm Built Bhutan's First AI Bot: Young creators in Bhutan develop the nation's first AI chatbot, showcasing emerging tech in the region. 

- The US Is Failing to Contain China's Push for Tech Supremacy: Analysis of the U.S.'s struggle against China's advancements in technology. 

- Palantir Is a Rare Puzzle for the Wall Street Brain: A look at Palantir's unique position in the tech market and its complex business model. 


That's all for today! This episode is sponsored by Erick at No