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DeepMind Co-Founder’s Startup ‘Inflection AI’ Secures $1.3B in Funding from Microsoft and Nvidia – Alphab – Benzinga

June 30, 2023 8:51 AM | 1 min read

Inflection AIhas raised $1.3 billion fromMicrosoft Corp(NASDAQ:MSFT) andNvidia Corp(NASDAQ:NVDA),among others.

The new funding brings the total raised by the company to $1.525 billion.

One of DeepMinds founders, Mustafa Suleyman, had set up the one-year-old artificial intelligence startup.

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CEO Suleyman hired from DeepMind,Alphabet Inc(NASDAQ:GOOG) (NASDAQ:GOOGL)Google,OpenAI, and Microsoft.

The startup launched a chatbot called Pi, adding to the likes of OpenAI, Google, andSnap Inc(NYSE:SNAP), Financial Timesreports.

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With Nvidia joining its investment round, the startup, co-founded byLinkedIncreator Reid Hoffman, said it has access to 22,000 Nvidia H100 GPUs, the most sought-after AI industry today, costing $40,000 apiece.

OpenAI reportedly sought $10 billion from Microsoft at a $29 billion valuation, a lead investor in the ChatGPT-maker.

Pi, Inflections chatbot, can have personal conversations with users directly via an app or through text,Meta Platforms, Inc(NASDAQ:META),WhatsApp,Instagram, orFacebook.

At its May launch, Suleyman described the chatbot as having the persona of a sympathetic sounding board rather than trying to provide information. The product is meant purely for casual conversation, which makes it safer and easier to control, Suleyman said.

Suleyman founded Inflection after he quit Google in 2022.

Suleyman left DeepMind in 2019 following an independent investigation into bullying and harassment accusations against him.

Photo via Wikimedia Commons

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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DeepMind Co-Founder's Startup 'Inflection AI' Secures $1.3B in Funding from Microsoft and Nvidia - Alphab - Benzinga

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DeepMind alum wants to use AI to speed the development of green materials – The Star Online

Ever since ChatGPT went viral last fall, companies have touted many ways artificial intelligence can make our lives easier. Theyve promised superhuman virtual assistants, tutors, lawyers and doctors.

What about a superhuman chemical engineer?

London-based startup Orbital Materials would like to create just that. The startup is working to apply generative AI the method behind tools like ChatGPT expressly for accelerating the development of clean energy technologies. Essentially, the idea is to make computer models powerful and sharp enough to identify the best formulas for products like sustainable jet fuel or batteries free of rare-earth minerals.

Jonathan Godwin, an Orbital Materials co-founder, imagines a system thats as accessible and effective as the software engineers use today to model designs for things like airplane wings and household furniture.

"That, historically, has just been too difficult for molecular science, he said.

ChatGPT works because its adept at predicting text - heres the next word or sentence that makes sense. For the same idea to work in chemistry, an AI system would need to predict how a new molecule would behave, not just in a lab but in the real world.

Several researchers and companies have deployed AI to hunt for newer, greener materials. Symyx Technologies, a materials discovery company formed in 1990s, wound down after a sale. More recent companies have gained traction making petrochemical alternatives and programming cells.

Still, for many materials needed to decarbonise the planet, the technology isnt there yet.

It can take decades for a new advanced material to move from discovery to the market. That timeline is way too slow for the businesses and nations looking to rapidly cut emissions as they race to meet net zero targets.

"That needs to happen in the next 10 years, or sooner, said Aaike van Vugt, co-founder of material science startup VSParticle.

AI researchers think they can help. Before launching Orbital Materials, Godwin spent three years researching advanced material discovery at DeepMind, Googles AI lab. That lab released AlphaFold, a model to predict protein structures that could speed up the search for new drugs and vaccines. That, coupled with the rapid takeoff of tools like ChatGPT, convinced him that AI would soon be capable of conquering the material world.

"What I thought would take 10 years was happening in a matter of 18 months, he said. "Things are getting better and better and better.

Godwin compares his method with Orbital Materials to AI image generators like Dall-E and Stable Diffusion. Those models are created using billions of online images so that when users type in a text prompt, a photorealistic creation appears. Orbital Materials plans to train models with loads of data on the molecular structure of materials. Type in some desired property and material say, an alloy that can withstand very high heat and the model spits out a proposed molecular formula.

In theory, this approach is effective because it can both imagine new molecules and measure how they will work, said Rafael Gomez-Bombarelli, an assistant professor at MIT, who advised Orbital Materials. (He said he is not an investor.)

Right now, many tech investors are prowling for companies that can turn a profit by improving greener material production. Thats particularly the case in Europe, where regulators are forcing manufacturers to lower carbon emissions or face stiff fines. The markets for advanced materials in sectors like renewable energy, transportation and agriculture are set to grow by tens of billions of dollars in the coming years.

Some researchers, like those at the University of Toronto, have set up "self-driving labs that pair AI systems with robots to search for new materials at unparalleled speeds. Dutch startup VSParticle makes machinery used to develop components for gas sensors and green hydrogen.

Think of it like a DNA sequencer in a genomics lab, said co-founder van Vugt, who believes his equipment can help shorten the 20-year time horizon of advanced materials to one year, and, eventually, "a couple of months. His company is currently raising investment capital.

Orbital Materials, which raised US$4.8mil (RM22.40mil) in previously undisclosed initial funding, is planning to start with turning its AI gaze toward carbon capture. The startup is working on an algorithmic model that designs molecular sieves, or tiny pellets installed within a device that can sift CO2 and other noxious chemicals from other emissions, more efficiently than current methods. (Godwin said the startup, which has several AI researchers, plans to publish peer-reviewed results on this tech soon.) Carbon capture has failed to work at scale to date, though thanks to a slew of government incentives, particularly in the US, interest in deploying the technology is rapidly ramping up.

Eventually, Godwin said Orbital Materials would like to move into areas like fuel and batteries. He imagines mirroring the business model of synthetic biology and drug discovery companies: develop the brainpower, then license out the software or novel materials to manufacturers. "Its going to take us a little bit of time to get to market," said Godwin. "But once youre there, it happens very quickly.

But getting the AI right is only half the battle. Actually making advanced materials in areas like battery and fuel production requires working with huge incumbent enterprises and messy supply chains. This can be even costlier than developing new drugs, argued MITs Gomez-Bombarelli.

"The economics and de-risking make it just way harder, he said.

Heather Redman, a managing partner with Flying Fish Partners, which backed Orbital Materials, said most tech investors chasing the shiny penny of generative AI have failed to look at its applications outside of chatbots. She acknowledged the risks of startups working in the energy sector, but believes the US$1 trillion (RM4.67 trillion) potential of markets like batteries and carbon capture are worth the investing risk.

"We love big hills as long as theres a big gigantic market and opportunity at the top, she said.

Gomez-Bombarelli is aware how big these hills can be. He helped start a similar company to Orbital Materials in 2015, called Calculario, which used AI and quantum chemistry to speed up the discovery process for a range of new materials. It didnt get enough traction and had to focus on the OLED industry.

"Maybe we didnt make our case, he said. "Or maybe the market wasnt ready.

Whether it is now is an open question. But there are encouraging signs. Computing certainly has improved. Newcomers might also have an easier time selling AI because would-be customers could more easily grasp the potential. Gomez-Bombarelli said the pitch is relatively simple: "Look at ChatGPT. We can do the same thing for chemistry. Bloomberg

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Google’s next AI project will surpass ChatGPT capabilities … – CoinGeek

As theartificial intelligence (AI) race heats up, DeepMind CEO Demis Hassabis has confirmed that his firm is working on a new project to rival OpenAIs ChatGPT.

DeepMind, a subsidiary of Google (NASDAQ: GOOGL), isbuildinga new AI project dubbed Gemini that will be in the mold of a large language model (LLM). Hassabis revealed that the model would build up AlphaGO, an AI project that made history by defeating a world champion Go player, to include problem-solving and planning abilities.

At a high level, you can think of Gemini as combining some of the strengths of AlphaGo-type systems with the amazing language capabilities of the large models, said Hassabis. We also have some new innovations that are going to be pretty interesting.

Google broke the news of Geminis development at a conference in May but failed to disclose further information on a release date. However, Hassabis disclosed that the project could run for several months while costing well over $100 million, a similar price that OpenAI splurged on ChatGPT-4.

Rather than focusing on the traditional LLM method of feeding models with data, Gemini researchers are pushing the frontiers by drawing on their experience in robotics and neuroscience to addproblem-solving functionalitiesto the service.

Given ChatGPTs impressive adoption metrics since launch, DeepMind faces a herculean task in closing the gap. However, Hassabis remains unfazed while expressing confidence in merging DeepMind and Googles main AI lab, Brain.

Google floated Bard, itsgenerative AI model, as a response to ChatGPT, but since its launch, the platform has faced a slew of regulatory issues in Europe. Bards incursion into the European Union (EU) washaltedin its tracks by the Irish Data Protection Commission for failing to give relevant notices to regulatory agencies.

Outside the EU, Googles AI aspirations are making steady progress, culminating in the launch of an AI-powered anti-money laundering service for financial institutions. The company has also entered into an arrangement with the U.K. government to provide priority access for future AI projects to ensure compliance with regulatory standards.

Halting AI advances is highly unlikely

Hassabis stated that while AI offers several benefits, numerous drawbacks are associated with the frenetic development of the technology. The DeepMind executive called for regulators to establish guardrails to guide the safe development of the technology but warned that a moratorium is highly unlikely.

If done correctly, it will be the most beneficial technology for humanity ever, said Hassabis. We got to boldly and bravely go after those things.

Given the risks AI poses toWeb3, finance, media, and health, a group of concerned consumer protection groups in the EU and U.S. areurgingregulators to take preemptive action to mitigate the risks from AI misuse.

Watch: Blockchain can bring accountability to AI

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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A.I. Is Coming for Mathematics, Too – The New York Times

In the collection of the Getty museum in Los Angeles is a portrait from the 17th century of the ancient Greek mathematician Euclid: disheveled, holding up sheets of Elements, his treatise on geometry, with grimy hands.

For more than 2,000 years, Euclids text was the paradigm of mathematical argumentation and reasoning. Euclid famously starts with definitions that are almost poetic, Jeremy Avigad, a logician at Carnegie Mellon University, said in an email. He then built the mathematics of the time on top of that, proving things in such a way that each successive step clearly follows from previous ones, using the basic notions, definitions and prior theorems. There were complaints that some of Euclids obvious steps were less than obvious, Dr. Avigad said, yet the system worked.

But by the 20th century, mathematicians were no longer willing to ground mathematics in this intuitive geometric foundation. Instead they developed formal systems precise symbolic representations, mechanical rules. Eventually, this formalization allowed mathematics to be translated into computer code. In 1976, the four-color theorem which states that four colors are sufficient to fill a map so that no two adjacent regions are the same color became the first major theorem proved with the help of computational brute force.

Now mathematicians are grappling with the latest transformative force: artificial intelligence.

In 2019, Christian Szegedy, a computer scientist formerly at Google and now at a start-up in the Bay Area, predicted that a computer system would match or exceed the problem-solving ability of the best human mathematicians within a decade. Last year he revised the target date to 2026.

Akshay Venkatesh, a mathematician at the Institute for Advanced Study in Princeton and a winner of the Fields Medal in 2018, isnt currently interested in using A.I., but he is keen on talking about it. I want my students to realize that the field theyre in is going to change a lot, he said in an interview last year. He recently added by email: I am not opposed to thoughtful and deliberate use of technology to support our human understanding. But I strongly believe that mindfulness about the way we use it is essential.

In February, Dr. Avigad attended a workshop about machine-assisted proofs at the Institute for Pure and Applied Mathematics, on the campus of the University of California, Los Angeles. (He visited the Euclid portrait on the final day of the workshop.) The gathering drew an atypical mix of mathematicians and computer scientists. It feels consequential, said Terence Tao, a mathematician at the university, winner of a Fields Medal in 2006 and the workshops lead organizer.

Dr. Tao noted that only in the last couple years have mathematicians started worrying about A.I.s potential threats, whether to mathematical aesthetics or to themselves. That prominent community members are now broaching the issues and exploring the potential kind of breaks the taboo, he said.

One conspicuous workshop attendee sat in the front row: a trapezoidal box named raise-hand robot that emitted a mechanical murmur and lifted its hand whenever an online participant had a question. It helps if robots are cute and nonthreatening, Dr. Tao said.

These days there is no shortage of gadgetry for optimizing our lives diet, sleep, exercise. We like to attach stuff to ourselves to make it a little easier to get things right, Jordan Ellenberg, a mathematician at the University of Wisconsin-Madison, said during a workshop break. A.I. gadgetry might do the same for mathematics, he added: Its very clear that the question is, What can machines do for us, not what will machines do to us.

One math gadget is called a proof assistant, or interactive theorem prover. (Automath was an early incarnation in the 1960s.) Step-by-step, a mathematician translates a proof into code; then a software program checks whether the reasoning is correct. Verifications accumulate in a library, a dynamic canonical reference that others can consult. This type of formalization provides a foundation for mathematics today, said Dr. Avigad, who is the director of the Hoskinson Center for Formal Mathematics (funded by the crypto entrepreneur Charles Hoskinson), in just the same way that Euclid was trying to codify and provide a foundation for the mathematics of his time.

Of late, the open-source proof assistant system Lean is attracting attention. Developed at Microsoft by Leonardo de Moura, a computer scientist now with Amazon, Lean uses automated reasoning, which is powered by what is known as good old-fashioned artificial intelligence, or GOFAI symbolic A.I., inspired by logic. So far the Lean community has verified an intriguing theorem about turning a sphere inside out as well as a pivotal theorem in a scheme for unifying mathematical realms, among other gambits.

But a proof assistant also has drawbacks: It often complains that it does not understand the definitions, axioms or reasoning steps entered by the mathematician, and for this it has been called a proof whiner. All that whining can make research cumbersome. But Heather Macbeth, a mathematician at Fordham University, said that this same feature providing line-by-line feedback also makes the systems useful for teaching.

In the spring, Dr. Macbeth designed a bilingual course: She translated every problem presented on the blackboard into Lean code in the lecture notes, and students submitted solutions to homework problems both in Lean and prose. It gave them confidence, Dr. Macbeth said, because they received instant feedback on when the proof was finished and whether each step along the way was right or wrong.

Since attending the workshop, Emily Riehl, a mathematician at Johns Hopkins University, used an experimental proof-assistant program to formalize proofs she had previously published with a co-author. By the end of a verification, she said, Im really, really deep into understanding the proof, way deeper than Ive ever understood before. Im thinking so clearly that I can explain it to a really dumb computer.

Another automated-reasoning tool, used by Marijn Heule, a computer scientist at Carnegie Mellon University and an Amazon scholar, is what he colloquially calls brute reasoning (or, more technically, a Satisfiability, or SAT, solver). By merely stating, with a carefully crafted encoding, which exotic object you want to find, he said, a supercomputer network churns through a search space and determines whether or not that entity exists.

Just before the workshop, Dr. Heule and one of his Ph.D. students, Bernardo Subercaseaux, finalized their solution to a longstanding problem with a file that was 50 terabytes in size. Yet that file hardly compared with a result that Dr. Heule and collaborators produced in 2016: Two-hundred-terabyte maths proof is largest ever, a headline in Nature announced. The article went on to ask whether solving problems with such tools truly counted as math. In Dr. Heules view, this approach is needed to solve problems that are beyond what humans can do.

Another set of tools uses machine learning, which synthesizes oodles of data and detects patterns but is not good at logical, step-by-step reasoning. Googles DeepMind designs machine-learning algorithms to tackle the likes of protein folding (AlphaFold) and winning at chess (AlphaZero). In a 2021 Nature paper, a team described their results as advancing mathematics by guiding human intuition with A.I.

Yuhuai Tony Wu, a computer scientist formerly at Google and now with a start-up in the Bay Area, has outlined a grander machine-learning goal: to solve mathematics. At Google, Dr. Wu explored how the large language models that empower chatbots might help with mathematics. The team used a model that was trained on internet data and then fine-tuned on a large math-rich data set, using, for instance, an online archive of math and science papers. When asked in everyday English to solve math problems, this specialized chatbot, named Minerva, was pretty good at imitating humans, Dr. Wu said at the workshop. The model obtained scores that were better than an average 16-year-old student on high school math exams.

Ultimately, Dr. Wu said, he envisioned an automated mathematician that has the capability of solving a mathematical theorem all by itself.

Mathematicians have responded to these disruptions with varying levels of concern.

Michael Harris, at Columbia University, expresses qualms in his Silicon Reckoner Substack. He is troubled by the potentially conflicting goals and values of research mathematics and the tech and defense industries. In a recent newsletter, he noted that one speaker at a workshop, A.I. to Assist Mathematical Reasoning, organized by the National Academies of Sciences, was a representative from Booz Allen Hamilton, a government contractor for intelligence agencies and the military.

Dr. Harris lamented the lack of discussion about the larger implications of A.I. on mathematical research, particularly when contrasted with the very lively conversation going on about the technology pretty much everywhere except mathematics.

Geordie Williamson, of the University of Sydney and a DeepMind collaborator, spoke at the N.A.S. gathering and encouraged mathematicians and computer scientists to be more involved in such conversations. At the workshop in Los Angeles, he opened his talk with a line adapted from You and the Atom Bomb, a 1945 essay by George Orwell. Given how likely we all are to be profoundly affected within the next five years, Dr. Williamson said, deep learning has not roused as much discussion as might have been expected.

Dr. Williamson considers mathematics a litmus test of what machine learning can or cannot do. Reasoning is quintessential to the mathematical process, and it is the crucial unsolved problem of machine learning.

Early during Dr. Williamsons DeepMind collaboration, the team found a simple neural net that predicted a quantity in mathematics that I cared deeply about, he said in an interview, and it did so ridiculously accurately. Dr. Williamson tried hard to understand why that would be the makings of a theorem but could not. Neither could anybody at DeepMind. Like the ancient geometer Euclid, the neural net had somehow intuitively discerned a mathematical truth, but the logical why of it was far from obvious.

At the Los Angeles workshop, a prominent theme was how to combine the intuitive and the logical. If A.I. could do both at the same time, all bets would be off.

But, Dr. Williamson observed, there is scant motivation to understand the black box that machine learning presents. Its the hackiness culture in tech, where if it works most of the time, thats great, he said but that scenario leaves mathematicians dissatisfied.

He added that trying to understand what goes on inside a neural net raises fascinating mathematical questions, and that finding answers presents an opportunity for mathematicians to contribute meaningfully to the world.

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The single greatest threat and the single greatest opportunity … – What’s New in Publishing

Come for the storytelling, stay for the community

Attended by more than 400 delegates from 43 countries, the FIPP World Media Congress in the Portuguese town of Cascais kicked off with a look at the innovation thats happening in the face of severe disruption.

Congress 2023 brought together people from a cross-section of media and technology sectors, who explored key industry topics with the foremost global experts.

A quarter of the way into the 21st century and I think we can agree that so far its a time of great crisis, but also a great opportunity, said FIPP President and CEO James Hewes in his opening address. The speed at which our industry and the world is changing has never been so rapid.

One of the things that humans are very bad at is estimating both the impact of change and the rate of change. Change will continue to get quicker and quicker and quicker, and thats something we need to respond to.

Juan Seor, the President of Innovation Media Consulting Group in Londonone of the worlds leading news media consultanciestalked about how we can respond to these new challenges.

Here are a few insights from the session Thrive or Dive? Discover the Latest Innovation Trends in Media:

A new business model emerging of selling bundles and what that means, getting people to come for the storytelling, for the journalism, but they stay for the community. We give them education, entertainment, and so on.

Bundles breaking through great cases from the States, from Europe, in terms of how to sell a bundle at a time where we had to dismantle the bundle in the past. We also have very interesting insights into micropayments.

These are things that were lost, we gave up on them. Theyre coming back and is a very interesting new way to engage with readers in terms of establishing a commercial relationship.

New formats is a fascinating chapter this year because the storytelling that weve done in the past has changed dramatically, and this is creating a lot of loyalty.

Were talking about the dismantling of the traditional article, the bullet points storytelling, new formats, finite content, incredible brevity approaches to telling stories.

For many of you may be the last train in digital. We missed the social train, we missed the mobile train. Some people missed the search train. Lets not miss this train.

So what Im going to do is Im gonna try to give you some framework of top-mind thinking with canvas, the top publishers. Weve also canvased the platforms, creating AI to really try to give you a strategic framework of how to go about this, because this is the subject and this is the innovation to get your head around. We need to understand AI right now. Understand it, dont fight it. Its a great dilemma, its a great paradox, and we need to get this one right.

Its the single greatest threat and the single greatest opportunity. And weve been here before with existential threats to our business. But this one is the deepest. Its a threat because it is gonna kill our business model. It kills search revenue, it kills the CPM model. The CPM model was languishing, it was dying, but its gonna kill it off. Its a threat because why should I subscribe to anything when a deep mind, an oracle, a God on Earth, can gimme all the answers? Think about it. Why subscribe?

The threat to search is a threat to us soon. Now, people have a place where you can get all the answers to your hobby, to your passions, to your whatever is your immediate need for information. Thats what we do. We are there to provide that information, that newsworthiness. Now theres an oracle out there, a deep mind thats being created that could supplant us.

However, its a great opportunity because it can generate vast amount of revenues in terms of syndicated content. If we get this right, its a great opportunity as it will decentralize the web. And obviously it is opening space beyond the dominance of big tech, right? Its shaking the foundations of the duopoly. Google is scared witless with spending billions into this, and theyre playing catch up. And this duopoly could be replaced with a new duopoly, with a trifecta, but the threat is there.

And that is an opportunity for us. Its also gonna usher a torrent of crap. So its a great opportunity for us to once again, provide verification of all the, the crap out there. Uh, contrast it, expose it, and create objectivity. And this is not just political, fake news, but its consumer fake news, people being told that, uh, if you whatever, use the scream or this, you know, this thing, youll become ageless or become younger.

People will search, will ask the deep mind, the oracle, and then hopefully would come to us to verify that thats true. When its really important, when its a live critical decision. What are the latest trends? Whats the color this year? Whats the best recipe for this? Well, do I really trust?

So its a great opportunity for us to play that role of arbiter, of verifier of what is coming, whats already out there.

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What happens to your mind and body when you dont sleep for 3 days? – The Indian Express

Sleep is of utmost importance for our overall well-being and health. It plays a crucial role in various aspects of our lives, including cognitive function, mental well-being, and physical health. But for many, finding restful sleep can be a challenge. Occasionally, some individuals may even find themselves going without sleep for consecutive days, which can have significant impacts on their health. This led us to wonder how exactly your mind and body can be affected if you do not sleep for three days in a row!

We reached out to experts who delved deeper into the same. Three days without sleep causes major changes in a persons health and body as well as a number of harmful impacts. Sleep deprivation can have both short-term and long-term effects. It affects both physical health and mental health of the person in a number of ways, Dr Vipul Gupta, chief, Neurointerventional Surgery, and co-chief, Stroke Unit, Artemis Hospital, Gurugram said.

Agreeing, Dr Suresh Ramasubban, consultant, Pulmonary and Critical Care Medicine, and in-charge of Intensive Care Unit and Sleep Lab, Apollo Multispeciality Hospital, said that the impacts of sleep deprivation can become evident in most individuals within a mere 24 hours. However, when one goes without sleep for a continuous period of 72 hours or three days, the symptoms of deprivation and fatigue intensify even further, he added.

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The consequences of staying awake for such an extended period can have profound effects on a persons mood and cognitive abilities. Sleep deprivation has become a prevalent issue among students and professionals, with many facing its challenges. Even as doctors, we are restricted from working for more than a 24-hour shift due to the potential for errors. Engaging in repetitive tasks during prolonged wakefulness becomes hazardous, as logical reasoning, mathematics, and other cognitive functions are impaired, he said.

Some of the effects resulting from this level of sleep deprivation include extreme fatigue, difficulty in multitasking, significant challenges in concentration and memory retention, feelings of paranoia, a depressed mood, and difficulties in interpersonal communication. It is crucial to recognise that chronic sleep deprivation can have enduring implications for an individuals overall health. Such effects may include increased susceptibility to conditions like high blood pressure, obesity, diabetes, heart disease, anxiety, and depression, Dr Ramasubban said.

The expert further shared that the effects of sleep deprivation can be particularly hard on respiratory physiology. Our body and brain stem fail to recognize a decrease in oxygen levels and an increase in carbon dioxide levels. This condition is known as a depressed ventilatory response to low oxygen and high carbon dioxide, and individuals with lung diseases may experience worsened symptoms as a result, he said.

As for mental health, sleep is a phase when the brain forms connections or synapses which help us in forming memory, Dr Kapil Singhal, director, Neurology, Fortis Hospital, Noida said. As such, poor sleep can impair our ability to remember. It can lead to mood swings, irritability, and anger issues which negatively impact our day-to-day working. It can even lead to hallucinations if sleep loss is prolonged and will lead to a negative impact on physical health. Sleep is as essential for the brain as food and oxygen for living, he said.

However, there can be various reasons why someone may not end up sleeping for 2-3 days at a stretch. It could be due to underlying medical conditions like insomnia, anxiety, or sleep disorders. External factors such as high-stress levels, work or study demands, jet lag, or unhealthy sleep habits can also contribute to prolonged sleeplessness. Whatever the reason may be, going without sleep for three consecutive days accumulates a substantial sleep debt.

While catching up on sleep is undoubtedly essential, it is not the only solution. The most effective approach is to strive for a healthier and more balanced lifestyle, Dr Ramasubban said.

Dr Singhal said if a person ends up having a prolonged sleep loss, s/he should avoid using stimulants like caffeine, and tea. A short relaxing sleep can also be helpful. One should fall back to his usual sleep pattern as soon as possible. Light exercises and mind relaxation techniques like meditation can also be helpful, he said.

To ensure proper sleep amid a hectic schedule, it is important to prioritise and establish a consistent sleep routine. By following these steps, you can optimise your experience and improve your chances of achieving restful sleep:

*Set a regular sleep schedule, going to bed and waking up at the same time every day.*Create a conducive sleep environment that is cool, dark, and quiet.*Avoid stimulating activities, caffeine, and electronic devices close to bedtime.*Practice relaxation techniques, such as deep breathing or meditation, to unwind before sleep.*Regular exercise and a balanced diet can also promote better sleep.

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First published on: 03-07-2023 at 12:30 IST

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Ethereum transactions frozen for 12 seconds – Blockworks

A recently organized team of researchers, the Special Mechanisms Group (SMG), demonstrated Thursday how to take advantage of a facet of the proposer-builder separation market to force through an Ethereum block containing just one transaction: theirs.

Proposer-builder separation (PBS) is intended to increase censorship-resistance by separating the roles of block builders and block proposers in the more-or-less unceasing Ethereum blockchain. But the group found a way to use the feature to make a very public point.

The blocks lone transaction embedded a URL to a presentation and research paper on SMGs website, describing the problem and proposing potential ways to address it.

Reactions were decidedly mixed.

Ryan Berckmans, a former software engineer at Augur, was among many who pointed out that Ethereums gas fee market would make it difficult to delay transactions using this method for long, but noted it did reveal certain problems in the way some applications on Ethereum calculate fees needed to get transactions included in a block.

The interesting thing about the quoted method is that to censor all transactions for one block, they only have to outbid priority fees.

Ethereum is designed to be credibly neutral, and therefore any time user transactions can be prevented from being included in a block, its cause for alarm.

(Technically, post-Merge theyre called slots, but the terms are interchangeable.)

But most people conceptualize censorship as preventing a transaction permanently, not merely delaying it for a short time. Its also not a new problem.

The SMG group disagrees.

When bidders in an auction, or agents in a financial system can censor their competition, the efficiency of these systems erodes, they tweeted. In other words, censorship-resistance is about more than just ensuring a transaction gets on-chain eventually. It needs to be fast.

SMGs head of research and one of the papers authors, Max Resnick, told Blockworks, we are more worried about 12 seconds being enough time to cause a problem than 10 mins, although he said the critics overestimate the cost of increasing the delay period further.

Even on a short timeframe, however, there are a lot of useful mechanisms (like auctions) that we cant build on chain because it would be easy for participants to censor their competitions bids, Resnick said.

Some use cases that dont tolerate inclusion delays could migrate to layer-2s, but not all, he said.

Lets use enshrined PBS as an example, because that is an auction that we want to run on-chain and cant really be run on a rollup.

Enshrined PBS, or ePBS, would implement PBS at the protocol level the Ethereum mainnet consensus layer but how to do this is an active research topic and remains a relatively distant prospect.

This is particularly relevant in auctions, but also applies to fraud proofs and oracle updates to a lesser extent, Resnick said.

In other words, this case implies that it may be hard to reduce the window for producing a fraud proof in optimistic rollups, although it does not impact ZK rollups.

I think if we could make the base chain more censorship resistant, then optimistic rollups would have better user experience, Resnick said.

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Ethereum Dencun upgrade coming; Can it send ETH to $5,000? – Finbold – Finance in Bold

After the successful deployment of the Shapella upgrade that enabled staking withdrawals, the Ethereum (ETH) development team is preparing for the launch of the Dencun upgrade, expected in late 2023, which promises to bring lots of new updates and could even lead to an ETH price hike.

Specifically, Dencun is a joint term for two major Ethereum upgrades Cancun, which is the upgrade to Ethereums execution layer (EL), and Deneb, which refers to the consensus layer (CL) upgrade, as described in an article published by Ethereum-focused cryptocurrency market news site EtherWorld on June 24.

As it happens, the Cancun upgrade introduces several Ethereum Improvement Proposals (EIPs) focused on improving storage, scalability, and optimizing gas efficiency, such as through the regulation of block rewards and delaying the gradual increase in Ethereum mining difficulty for a smooth transition to Ethereum 2.0.

At the same time, Deneb focuses on expanding the size and efficiency of the Ethereum blockchain, with one notable EIP that aims to upgrade its proof-of-stake (PoS) consensus algorithm toward increasing its power and improving user experience.

While the Ethereum crypto community eagerly awaits this major overhaul, the price of the second-largest cryptocurrency by market cap is currently $1,888.99, recording an increase of 1.13% in the last 24 hours, 0.49% across the previous seven days, and 1.19% in its monthly chart, as per data on June 30.

Taking into account all the advances and innovations that Dencun aims to unlock, the price of Ethereum could react to this major upgrade as it nears, as well as after the development team fully deploys it, particularly as the token continues to gain investors confidence as a go-to asset for passive income.

Indeed, taking into account the best-case scenario data from the historical Ethereum Rainbow price chart patterns, the price of ETH, as the end of the year nears, could actually skyrocket toward $5,000 and even end up in the zone of around $7,000. However, if a more bearish chart pattern reoccurs, then ETH could well remain in the $1,880 area.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Ethereum founder says crypto is on the cusp of a broadband moment – Fortune

Since the collapse of FTX in November, the conversation around crypto has been dominated by dark mutterings about its demise or endless chatter over regulation. Thats why it was refreshing to speak to Joe Lubin, one of the cofounders of Ethereum who is now best known for overseeing ConsenSys, which has evolved from a chaotic crypto incubator to a software company known for the popular MetaMask wallet.

Unlike many in the industry, Lubin is brimming with optimism. He still espouses the original gospel of Ethereum, which celebrates decentralized software projects and views blockchains as a vehicle for a new political and social order beyond the reach of Big Tech. In our recent chat, he told me hes untroubled by the fallout from FTX, which wiped out the likes of Voyager, Celsius, and other centralized crypto services.

I dont consider them real crypto companies. They co-opted our messaging to cheat naive consumers, says Lubin, suggesting the troubles of the past nine months amounted in part to a healthy cleansing.

He added that the demise of the centralized services has helped true crypto companies focus and rebuild, paving the way for our broadband momentan analogy for when widespread fiber build-outs helped millions of consumers appreciate the benefits of the internet. To this end, ConsenSys is rebrandingreplete with bright new colorswith the goal of expanding its services beyond a select group of developers and end users. Lubin says the new focus will be on making crypto tools ever easier to use and empowering people of all stripes to participate in building a new version of the web, based around people, not data-gobbling monopolies.

A lot of what Lubin had to say echoes the theories put forth by venture capitalist and Web3 evangelist Chris Dixon prior to cryptos massive downturn. Im not sure how much of this I buyespecially since governments and old-line tech companies seem as powerful as ever, and as much of the public has soured on crypto. For now, it might be more prudent for the crypto industry to focus less on Web3 utopias and more on ensuring that people stop getting robbed.

That said, Lubin made a strong case that crypto is on the cusp of a new breakthrough to follow the sudden rise of DeFi and then of NFTs. He says the area to watch right now is wallets, especially as companies like Coinbase start building wallet as a service tools intended to make it easier for firms of any kind to integrate crypto into their operations. This doesnt feel far-fetched given how giant brands like Starbucks, Nike, and Reddit are also quietly using crypto and NFTs behind the scenes.

In the broader picture, though, Lubins sunny vision feels far-fetched in many regards, but if even a portion of it is true, then the crypto industry is indeed poised for another big leap forward.

A quick programming note: There will be no newsletter Monday or Tuesday given the July Fourth holiday. So have a safe and happy Independence Day, and to those of you north of the border, happy Canada Day. Go enjoy some hot dogs.

Jeff John Robertsjeff.roberts@fortune.com@jeffjohnroberts

Bitcoin has been trading in a narrow range of $1,500 since hitting a 52-week high of $31,400 a week ago, a sign of ongoing strength, analysts say. (Bloomberg)

Israel announced a first-of-its-kind operation, aided by Chainalysis and Binance, that broke up a crypto network supporting Hezbollah. (Fortune)

The crypto orb device Worldcoin is integrating with Okta, a corporate identity management service used by hundreds of millions. (CoinDesk)

In the latest setback for Binance in Europe, its banking partner Paysafe says it will no longer process crypto-to-euro transfers for the company. (Pymnts)

Fidelity filed a new application to launch a Bitcoin ETF, months after the SEC rejected an earlier bid by the giant asset manager. (Fortune)

Happy Fourth of July:

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Solana beats Ethereum in 24 hour NFT sales for the first time in history, gears up for recovery – FXStreet

Solana ranks among the altcoins labeled as securities by the US Securities and Exchange Commission (SEC). The SECs clampdown on cryptocurrencies triggered a steep decline in SOL price and resulted in a delisting of the altcoin across crypto exchanges.

The total NFT sales on Solana exceeded that on Ethereum for the first time in the two altcoins history.

Also read: Attorney John Deaton says Judge Torres decision on SEC vs. Ripple is important to crypto for this reason

The total volume of NFT sales on the Solana blockchain crossed $25.5 million, based on data from tracker Sol Bulletin. At the same time, the NFT trade volume on the Ethereum blockchain exceeded $24.5 million, lagging behind Solana by nearly a million.

NFT sales volume by blockchain

For the first time in the history of the two altcoin blockchains, Solana outperformed Ethereum. This is a key milestone for SOL as the asset is tackling selling pressure from the SECs crackdown and series of delisting across crypto exchanges and social trading platforms.

Solana price failed to catch up with the surge in the altcoins NFT trade volume. Interestingly, the DeFi protocols building on the Solana ecosystem are no match for Ethereum, therefore the NFT sales volume supported the theory of rising adoption and utility of the SOL blockchain.

DeFi data tracker DeFiLlama pegs the total volume locked (TVL) in the Ethereum blockchain at $26.7 billion, while for Solana it is a meager $265.57 million. If the NFT trade volume on the Solana blockchain continues rising, there is a likelihood of the protocols TVL climbing in the long term, fueling SOL price recovery.

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