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Binance: You will no longer have access to your accounts without this verification! – Cointribune EN

Sun 07 Apr 2024 3 min of reading by Eddy S.

In light of increased regulatory scrutiny, Binance is compelled to strengthen its security protocols. However, this strategic decision raises questions about the exchanges ability to strike a delicate balance between complying with regulations and maintaining its leading position in the global crypto market. Investors and industry players are closely monitoring the evolution of this complex situation.

In an effort to comply with constantly evolving regulatory standards, Binance recently announced the introduction of new mandatory identity verification requirements. Specifically, all sub-accounts created under the Binance Link program will now have to undergo thorough KYC procedures. In practice, this means users will have to provide detailed information about their identity, income sources, and assets.

Moreover, failing to provide the required documents by May 20, 2024 will result in complete restrictions on the concerned account. Unverified accounts will then be unable to make deposits, withdrawals, or transactions on the platform. This initiative reflects Binances desire to protect against the risks of money laundering and funding illegal activities.

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In addition to these security enhancement efforts, Binance is facing significant regulatory challenges, particularly in Nigeria. Indeed, the Nigerian authorities have brought several charges against the exchange, including money laundering and tax evasion, leading to operational bans. Alarmingly, Binance executives have even been arrested in Nigeria, underscoring the seriousness of the situation.

This delicate balance between innovation and compliance will undoubtedly define the future of Binance and, more broadly, the crypto industry as a whole. The crypto exchanges ability to meet these challenges will be crucial in determining whether it can continue to thrive in this ever-changing environment.

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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Binance Suspends Bitcoin Ordinals Trading What’s Going On? – Cryptonews

Last updated: April 5, 2024 14:22 EDT | 2 min read

Binance announced on April 4 that it will suspend Bitcoin Ordinals trades and deposits from April 18, 2024. The exchange has then advised the holders of the Bitcoin-based non-fungible tokens (NFTs) to withdraw their assets from the trading platform NFT marketplace before May 18, 2024.

Binance did not disclose the reason behind the suspension of Bitcoin Ordinals but added that it sought to streamline product offerings on its marketplace. Additionally, the Binance NFT marketplace will no longer offer airdrops, utilities, and benefits related to Bitcoin NFTs after April 10, 2024, according to the announcement.

Despite this setback from Binance, OKX plans to support four new inscription standards, as it believes Bitcoin Ordinals will play a pivotal role in 2024.

Bitcoin Ordinals, otherwise known as Bitcoin NFTs, allows users to embed digital content such as music, audio, text, video, images, or art onto the Bitcoin blockchain. Binance added support for the collectibles in 2023, promising further opportunities to collectors. The inclusion appears to be over in less than a year, however, leaving community members surprised about the turn of events.

The decision to end support for Bitcoin Ordinals comes at a time when interests and trading activities in the overall NFTs market, including Bitcoin-based NFTs, are at multi-year lows, according to data from non-fungible.com.

Statista data reveals a stark decline in NFT sales, which peaked at 117,000 in August 2021 but has plummeted to 2,400 across several blockchains, including Ethereum.

While Bitcoin Ordinals have been adversely affected by the drop in the global NFT market, many investors have raised concerns about its effect on the security of the Bitcoin network and the congestion it creates.

Luke Dashjr, a popular Bitcoin Core developer, disclosed on December 6, 2023, that Bitcoin NFTs had caused widespread network clogs, increased fees, and exposed a vulnerability in the network.

Since its inception, there has been a high volume of inscriptions, which has led to Bitcoin network congestion and high transaction fees, with users complaining of slow transaction processing.

Dune Analytics data revealed that the Bitcoin network has recorded over 64.17 million inscriptions and has generated over $430.7 million in transaction fees.

Meanwhile, the rise of Bitcoin Ordinals has fueled a debate over whether or not inscriptions representing NFTs and BRC-20 tokens on the Bitcoin network should exist. Recall that some Bitcoin developers collaborated to standardize BRC-20 tokens.

Some experts believe that the network and its token, BTC, were meant for pure peer-to-peer (P2P) financial transactions and may suffer from the same problems that have plagued the Ethereum chain for years, including scammy meme coins, NFT pictures of monkeys hogging the space, and ever-rising transaction fees.

Others argue that Bitcoin Ordinals have driven positive momentum and innovation within the network as a pathway toward decentralization, however.

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Binance Mandates KYC Completion for Sub-Accounts by May 20 – Crypto Times

Binance now mandates Know Your Customer (KYC) compliance for all sub-accounts under its Link Program, necessitating enhanced user verification. Sub-accounts lacking KYC by May 20, 2024, will have their accounts restricted and will no longer have access to the Binance Link Program services.

Exchange Link account holders must integrate with the Link-KYC module and provide additional user information upon request, covering Source of Funds, Source of Wealth, and Proof of Address.

Sub-account holders may be required to complete a Politically Exposed Persons (PEP) questionnaire. Restrictions on incomplete KYC information include limited deposit and trading services. In cases of legal and compliance issues, detailed explanations may not be provided.

Restricted sub-accounts cannot receive deposits, with refunds taking up to 45 days and an administrative fee of $200 per appeal. Access restrictions may apply to unresponsive Exchange Link account holders, potentially resulting in account downgrades and the deletion of unused sub-accounts.

Also Read: Binance Shuts Down Bitcoin NFT Marketplace

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Binance on Trial: Nigerian Prosecutors Target Exchange and Executives Alike in Criminal Trial – Unchained – Unchained

Posted April 3, 2024 at 7:55 pm EST.

Binance Holdings Ltd and two executives, Tigran Gambaryan and Nadeem Anjarwalla, were set to be arraigned on Thursday on charges related to money laundering and tax evasion in the Federal High Court in Abuja, Nigeria. However, procedural issues in the case have prompted the court to delay the arraignment until April 19.

Set against a dramatic currency crisis, the countrys enforcement actions against the worlds largest crypto exchange have attracted international attention. Crucially, Binance itself has also been charged in the case on the same grounds as both executives, raising questions about the extent to which they are being held personally responsible for allegations against their employer.

Gambaryan and Anjarwalla were arrested by Nigerian officials in February and held without charges for several weeks. On March 28, Nigerias Economic and Financial Crimes Commission (EFCC) charged both individuals and the company with allegations involving money laundering of up to $35.4 million and operating a specialized financial business without the necessary licensing. It was later reported that the Federal Inland Revenue Service (FIRS) had filed separate charges related to tax evasion on March 25.

Read more: Binance Founder CZs Criminal Sentencing Date Postponed to April: Report

Gabaryan, currently in custody, is expected to appear in court; Anjarwalla, however, escaped on March 22 and will be arraigned in absentia. Nigerian authorities are reportedly in talks with Interpol regarding his extradition. However, according to a statement from Interpol, the international police organization is not involved in the extradition process.

The defendants were set to be arraigned Thursday on five counts related to money laundering. These charges include carrying on specialized business without valid license, engaging in business of other financial institutions without valid license, and conspiracy to conceal the origin of revenue derived from unlawful activities.

However, Gambaryans defense successfully argued that his client had not been properly served papers in custody, and therefore did not adequately understand the charges against him. As such, Gambaryan was formally served in court today, with his arraignment postponed until April 19. The defense also successfully argued that his employer, Binance Holdings Ltd. had not been properly served either, nor had Nadeem Anjarwalla, who escaped custody in March and remains at large. As such, these arraignments have also been postponed.

In a statement on Wednesday, Binance said that Gambaryan, despite his crucial role in improving the companys compliance framework, should not be held accountable for the companys decisions due to his lack of decision-making power within Binance.

Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials, Binance wrote.

The crypto exchange also emphasized Gambaryans career background in law enforcement and regulatory compliance, writing,

Tigran was hired in 2021 to help Binance fix past compliance issues. As the head of Binances Financial Crime Compliance (FCC) team, he has been a strong advocate for Binance to develop policies and build compliance capabilities that set new industry standards while he has left official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices.

Read more: Binance to Pay $4.3B Penalty to Resolve U.S. DOJ Criminal Investigation; Changpeng Zhao Resigns, Pleads Guilty to Money Laundering Charges

Gambaryan has responded to his arrest by suing Nigerian authorities for violations of fundamental human rights under the countrys Constitution. He is seeking an order of perpetual injunction against detaining him in relation to any investigations into Binance and has urged the court to order the authorities to issue a formal public apology.

Neither Binance nor Nigerias EFCC immediately responded to Unchaineds requests for comment for this story.

This case is set against a backdrop of Nigerias aggressive regulatory stance on cryptocurrency operations, reflecting broader concerns over the impact of these platforms on national financial stability and regulatory compliance. It is also set against a severe currency crisis triggered by a series of policy reforms, including a radical redesignand backtracking on the redesignof its currency, the Naira.

In October 2022, the Central Bank of Nigeria redesigned the Naira to feature higher-denomination notes and provided a limited, three-month window for people to exchange their old notes for the newer denominations. The decision was wildly unpopular and eroded confidence in the currency, a crisis that has worsened since May 2023, when newly-elected President Bola Ahmed Tinubu, a critic of the redesign, suddenly reversed it.

Since currency devaluation is already a politically charged issue in Nigeria, some politicians have begun to point fingers at Binance for playing a role in the currencys devaluation. In February, presidential advisor Bayo Onanuga voiced concerns on X that cryptocurrency-enabled forex trading on platforms like Binance posed an existential threat to the nations currency.

In a lengthy post, Onanuga claimed that some traders, including opponents of the current administration, were taking advantage of the ability to trade Naira freely against USD-denominated stablecoins on Binance, circumventing strict restrictions against unregulated forex trading. He also criticized the exchanges ability to effectively engage in currency markets, pointing out that its use was limited or banned in some of the worlds richest markets.

He wrote:

Binance which is blatantly setting exchange rate for Nigeria, hijacking [the Central Bank of Nigeria]s role, is a cryptocurrency trading platform, and suffers access limitations from multiple jurisdictions, such as the US, Singapore, Canada and the UK.Binance, facing regulatory showdown in many countries, and causing disruptions in the currency market, should not be allowed to dictate the value of the Naira, not on its crypto exchange platform.

In March 2024, a Nigerian court ordered Binance to provide the EFCC with data on thousands of Nigerian users. In its request, the EFCC wrote that it had uncovered users who have been using the platform for price discovery, confirmation, and market manipulation, which has caused tremendous distortions in the market, resulting in the Naira losing its value against other currencies.

UPDATE (April 4, 2024 9:27 a.m. ET): This article was updated to reflect that the arraignments had been postponed from April 4, 2024 to April 19. It has also been updated to reflect comment from Interpol.

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This Week in AI: Upskilling Workers and VC’s Secret Weapon – PYMNTS.com

This week in artificial intelligence (AI) news, the U.S. and the U.K. are collaborating on safety tests for advanced AI technologies. Tech giants likeGoogleandMicrosofthave formed a task force to prepare workers for the AI era, addressing the urgent need for AI skills in evolving job markets.

In venture capital, AI has shifted from a hot investment zone to a key tool for smart investment decisions.

Heres a lineup of the latest in AI this week.

The United States and the United Kingdom are working together toestablish safety testsfor cutting-edge AI technologies, PYMNTS reported on Thursday (April 4).

The collaboration seeks to synchronize the scientific methodologies of both nations and hasten the creation of effective testing procedures for AI models, systems and entities. This endeavor is part of an expanding worldwide initiative aimed at mitigating the safety concerns associated with AI.

This partnership signifies a greater level of accountability being expected of corporations to guarantee their offerings are secure, reliable and ethical,Andrew Pery, an AI ethics advocate fromABBYY, a global leader in intelligent automation, said.

He said theres a tendency among pioneers of groundbreaking technologies to rush their products to market under a launch now, correct later approach to secure an early market presence. As an illustration, he noted that while OpenAI has been relatively open about the potential dangers of ChatGPT, the company still proceeded with its wide commercial release despite the possible negative effects.

The U.S.-U.K. alliance is in line with the pledges made during the AI Safety Summit in November, where world leaders underscored the importance of international collaboration to tackle the potential dangers of AI technology. The summit, hosted in Bletchley Park, U.K., gathered government officials, industry leaders, scholars and representatives from civil society to explore both the challenges and prospects that AI poses.

Leading technology firms, including Google and Microsoft, have joined forces in a task force dedicated toequipping the workforcefor the artificial intelligence (AI) era, responding to the critical demand for AI-proficient professionals in changing job markets.

This alliance features major players like Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft and SAP, alongside six expert advisors. With AI transforming various industries and job descriptions, theres an acknowledged urgency to train employees in skills essential for thriving in AI-driven settings.

Francine Katsoudas,Ciscos executive vice president and chief people, policy and purpose officer and a member of this initiative, emphasized the significant opportunity AI offers for the private sector to lead in upskilling and reskilling the workforce for what lies ahead. She highlighted the consortiums commitment to collaborating with governments, non-governmental organizations, and academic institutions to ensure the AI revolution benefits everyone.

PYMNTSprevious reportshave highlighted the dual-edged nature of generative AI technologies like ChatGPT, which promise to enhance productivity but also pose disruptions to the labor market.

A study byGoldman Sachsestimated that automation might affect 25% of jobs in the U.S. and Europe, especially in legal and administrative fields. While a large portion of jobs may face automation, the report suggested most employees will remain employed, with fewer than half of their tasks being automated. Only 7% of U.S. workers are in roles where AI could take over at least half of their duties, potentially leading to job displacements.

In venture capital (VC), AI has evolved from a lucrative investment area toa critical instrumentfor making astute investment choices.

AIs ability to swiftly process vast datasets on startups and market dynamics enables venture capitalists to spot the most promising investments and make more informed decisions regarding fund distribution. This technological advancement is revolutionizing the venture capital industry, and it is at the forefront of redefining startup funding methods.

Steve Brotman, founder and managing partner ofAlpha Partners, highlighted the role of AI in enhancing venture capital operations by complementing human insight with machine intelligence to precisely pinpoint real investment opportunities amidst the clutter.

AI empowers us to scrutinize market tendencies, evaluate startup performance indicators and other pivotal data at a magnitude and velocity that surpasses the capacity of human analysts, Brotman said. This not only boosts efficiency but also significantly upgrades our decision-making process by offering unparalleled insights into potential investments that were once beyond our reach.

According to business research giantGartner, by 2025, over 75% of VC and early-stage investor evaluations will beassisted by AIand data analytics. Currently, AI is deployed to examine consumer behavior, trends and preferences. Investors are increasingly relying on AI tools to assess compatibility between the founders vision, their team, the business model and the investors objectives, aiming to forecast the investments success.

Apples research team has developed an AI technology known asReALM(Reference Resolution As Language Modeling), designed to navigate through the complexities of ambiguous references and contextual clues. This innovation aims to transform interactions with voice assistants and could significantly alter the retail and service industries.

ReALM approaches the challenge of deciphering screen-based visual references by framing it as a language modeling task, leveraging the capabilities of advanced language models. This development is among various efforts aimed at refining AI-driven voice communication, which has the potential to enhance various commercial applications.

AI researcherDan Faggella, although not associated with Apple, shared with PYMNTS his insights on the implications of improved AI communications. He highlighted the current frustrations with chatbots and the potential for sophisticated AI systems to swiftly and courteously address straightforward inquiries, potentially boosting customer satisfaction, loyalty and sales.

The demand for voice technology is escalating. APYMNTS studyrevealed a growing consumer interest in voice technology, with 54% of participants eager to use it more extensively in the future owing to its convenience. Furthermore, 27% have used voice-activated devices within the past year, and 22% of Gen Z consumers are willing to spend over $10 monthly for enhanced voice assistant services.

However, another PYMNTS report on U.S. consumer attitudes unveiledsome skepticismregarding the effectiveness of voice AI in quick-service restaurants compared to human interaction. Only 8% of consumers said they believed voice assistants can currently match human performance, with just 16% hopeful for such equality within the next two years. A majority remain either anticipatory of a longer wait or doubtful of voice AI attaining human-like reliability and intelligence.

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5 Artificial Intelligence (AI) Hardware Stocks — Not Named Nvidia — That Are Crushing the Market and Are Still Cheap – The Motley Fool

Investors looking for alternatives to Nvidia to capitalize on the AI boom should consider taking a closer look at these names.

Semiconductor stocks have taken off big-time in the past year. ThePHLX Semiconductor Sector index gained an impressive 51% during this period thanks to the booming chip demand triggered by the growing adoption of artificial intelligence (AI) applications.

Semiconductors play a central role in the AI revolution. The training of AI models such as OpenAI's ChatGPT was made possible using chips designed by the likes of Nvidia (NVDA 2.45%). This explains why Nvidia's AI-focused graphics processing units (GPUs) have been selling like hotcakes over the past 18 months, leading to a sharp jump in Nvidia's revenue and earnings.

NVDA Revenue (TTM) data by YCharts

The market rewarded Nvidia handsomely for its stellar growth. That's evident from the 225% jump in the company's stock price in the past year. It won't be surprising to see Nvidia maintain its outstanding momentum as well thanks to expectations of strong top- and bottom-line growth. However, Nvidia is not the only company in the hardware supply chain driving the AI revolution.

Here's a closer look at five other names playing a central role in the AI hardware market.

While the likes of Nvidia, Intel, and Advanced Micro Devices make or design chips that are used for addressing AI workloads such as training large language models (LLMs) and for inferencing purposes, those chips need to be mounted on a server infrastructure that's specifically designed for running AI workloads. Dell Technologies (DELL 4.37%) and Super Micro Computer (SMCI -1.04%) are two names benefiting big-time from the growing need for AI-optimized servers.

While shares of Dell have jumped 184% in the past year, Supermicro stock has rocketed higher, with eye-popping gains of 847%. Despite these massive jumps, both stocks still trade at attractive multiples. Dell has a sales multiple of just 0.9, while Supermicro's reading stands at 5.6. Their sales multiples are lower than the Nasdaq-100 Technology Sector index's average price-to-sales ratio of 7.3.

A closer look at how AI drives their growth will demonstrate why investors bought their stocks hand over fist in the past year. It also explains why they are still worth buying. Dell, for instance, is set to return to growth in the current fiscal year after struggling in the previous one because of weak personal computer (PC) sales.

Its top line fell 14% in fiscal 2024 (which ended on Feb. 2, 2024) to $88.4 billion. Dell has guided for $93 billion in revenue in the current year at the midpoint of its guidance range, and the demand for AI servers is one of the reasons behind its turnaround. Dell shipped $800 million worth of AI-optimized servers last quarter. Even better, its AI server backlog almost doubled quarter over quarter to $2.9 billion thanks to a 40% sequential increase in AI server orders.

The good part is that Dell's AI server order book could keep getting fatter. The AI server market is set to grow from an estimated $30 billion last year to $150 billion in 2027, according to Foxconn. This is precisely the reason why even Super Micro Computer stock has turned out to be a stock market favorite in the past year.

Supermicro's growth has been stunning with its revenue in the ongoing fiscal year 2024 set to double to $14.5 billion from $7.1 billion in fiscal 2023. More importantly, the server manufacturer claims that its production capacity is solid enough to support more than $25 billion in annual revenue. This explains why analysts have significantly raised their revenue estimates for the next couple of years. However, it won't be surprising to see the company crushing those expectations thanks to its capacity expansion moves.

SMCI Revenue Estimates for Next Fiscal Year data by YCharts

Memory chips from the likes of Micron Technology (MU -0.41%) are helping Nvidia manufacture powerful AI GPUs. This explains why Micron sold out its entire 2024 capacity of high-bandwidth memory (HBM) chips that are deployed in AI chips, while also allocating an "overwhelming majority" of its HBM production line for next year.

HBM is deployed to increase the speed at which data is fed to AI processors, significantly boosting the performance of AI processors. This explains why Nvidia and AMD have been packing more HBM into their AI chips, driving impressive growth for Micron. The memory specialist's revenue was up 58% year over year last quarter to $5.8 billion. It is expecting stronger growth of 76% in revenue in the current quarter to $6.6 billion from $3.75 billion in the year-ago quarter.

Analysts expect Micron to finish the year with a 57% spike in revenue to $24.3 billion followed by another impressive year in fiscal 2025 with an estimated revenue jump of 42%. With shares of Micron currently trading at 6.4 times sales despite rising 95% in the past year, buying it looks like a smart thing to do as the HBM market could generate $49 billion in annual revenue in 2030 as compared to $857 million last year.

Another chipmaker benefiting from the AI chip market is Broadcom (AVGO 1.67%), a stock that has jumped 106% in the past year. In February, J.P. Morgan analyst Harlan Sur pointed out that Broadcom is set to become the second-largest AI chip company in 2024 with an estimated revenue of $8 billion to $9 billion thanks to customers such as Alphabet and Meta Platforms for whom it makes custom AI chips.

But when Broadcom released its fiscal 2024 first-quarter results, management said that its AI chip revenue is set to exceed $10 billion in the current fiscal year. However, don't be surprised to see Broadcom exceeding that mark as it recently added a new customer for its custom AI chips. Wall Street analysts believe that the newly added customer could be Amazon, Apple, or TikTok parent ByteDance.

It is easy to see why Broadcom's AI customer pipeline is increasing. Cloud companies are looking to develop custom chips for running AI workloads to reduce costs, consume less power, and improve performance. This explains why Morgan Stanley predicts custom chips will account for 30% of the $182 billion AI semiconductor market in 2027, indicating that Broadcom's addressable market in AI chips could be worth almost $55 billion in three years.

So, Broadcom's AI business could keep growing at a nice clip moving forward, which is why buying the stock now could be a good idea as it is trading at 28 times forward earnings, in line with the Nasdaq-100's forward earnings multiple and lower than Nvidia's reading of 36.

All the above-mentioned names supply AI hardware, but it eventually comes down to electronics manufacturing services providers such as Jabil (JBL 3.38%) to make the end products. This stock is trading up 52% in the past year but recently took a big hit. Savvy investors, however, would do well to take a look at the bigger picture.

From designing and sourcing components to assembling the final product, Jabil products and services are deployed to reduce costs and enhance efficiency. Not surprisingly, Jabil saw a big surge in AI-related orders. Management pointed out on its recent earnings conference call that its "AI GPU volume in the first half of 2024 is 200x that of the level of 2023."

Even better, Jabil points out that its AI-related revenue is set to increase by 20% in fiscal 2025 to $6 billion. That would be 20% of the company's top line based on the consensus estimate of $30 billion in revenue for fiscal 2025.

Jabil's AI business could keep growing in the future as the company claims that it is "winning share across multiple end markets in the AI data center infrastructure space." That's why investors would do well to take a closer look at this AI stock that's trading at just 0.5 times sales and 21 times trailing earnings before it steps on the gas.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, JPMorgan Chase, Meta Platforms, and Nvidia. The Motley Fool recommends Broadcom and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.

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Artificial intelligence is already reshaping how some Colorado students learn. Is your school on the cutting edge? – Colorado Public Radio

Victor Oshmyan, a sophomore at Niwot High, clicks his mouse to engage a car. Its aimed at little model pedestrians. But he stops the car in the nick of time before it runs them over.

It actually sees the pedestrians, but the AI model isn't strong enough to recognize that all of them are people, so it was just going to run them over, he said during a demonstration with a toy car and the figurines.

But then Oshmyan shows how the car fully stops when it recognizes him, a real person, just like hes programmed.

It didn't move because it didn't want to run me over, he said.

Oshmyan is an early adopter, one of a group of students so intrigued by artificial intelligence that theyre on a special after-school AI project team at the St. Vrain Valley School Districts Innovation Center in Longmont. They develop and design products for clients and get paid to do it. These students are at the vanguard of discovering how artificial intelligence works in its many forms but are also helping educators learn how it may change instruction.

When artificial intelligence came on the scene, Colorados school districts tended to fall into three buckets. Some immediately banned any use of it. The vast majority seemed interested but too bogged down in other challenges.

A couple of districts blasted out of the gates trying to teach their students about AI like St. Vrain.

Teenagers already tend to know more about AI than adults, even if just for things like altering their image to look like a cute animal. Students are getting the message online that this technology will change the way we live and the world of work.

And then they walk into school and we tell them, Whatever you do, don't use this, said Rebecca Holmes, CEO and president of the Colorado Education Initiative, which has created a task force to help districts incorporate AI. Its just cognitive dissonance to the teenage brain. Its the kind of eye roll from teenagers that we should really pay attention to because they're right.

Oshmyan used a program called AutoAutoAI to code the car to detect a person with an image he plotted. He also programmed it to swerve at yellow lights and stop and play Happy Birthday on red lights. Oshmyan is also working on a pizza bot to take orders.

It will help pizza workers not spend so much time on the phone, he said.

Nearby, his classmate Malcom Smith demonstrates a classification system he built using AI, which can solve patterns at incredibly fast speeds. It can identify hundreds of unique parts for Vex Robotics that younger students use to build. His project is to help students, but also their teachers.

That's a lot of pressure on the teacher because the teacher has to know all of these different parts and that can be very tricky, he said.

Smith holds up a Lego-like piece. A machine voice identifies the part and describes what the part can be used for.

This is the kind of real-world learning that AI can foster.

I feel like AI is a powerful tool that will be incorporated in the future a lot, said Oshmyan. And I feel like understanding it better will help us work with it better so it doesn't just take over. And I feel like it's better to understand it right now than later.

Another student said hed love to one day develop an AI that could help recognize cancerous moles.

Marek Pearl, 15, who is more interested in engineering robotics rather than a career in AI, still decided to take a course called Intro to AI, which includes the ethics of AI. It sounded interesting and he wanted to learn how it could help him in his daily life like writing emails. But heres how he may use it at school: If the assignment is to write a short paragraph on the War of 1812 and some major historical figures, hed ask for an AI platform:

What was the Battle of 1812?

Like other students, Pearl said AI tends to explain things in a simpler way to start out with.

I try my best to use AI as an inspiration, rather than a writing tool, he said.

Hed get the historical figures' names and then do his own research on each individual. A lot of the students say they use it this way. Shaffer Piersol, a freshman at Niwot High School, uses AI to help her study. Many students use the Quizlet studying tool, which now employs artificial intelligence.

I don't want to go through all 20 pages of a textbook to make 10 Quizlet questions. So Quizlet will be like, Hey, if you just upload the PDF, well, we can do it for you.

Piersol has strong feelings about using AI to rip off artwork, something shes seen done to her favorite artist, which is not cool to do.

But for a lot of other teenagers, the temptation to cheat is real.

A lot of my classmates use ChatGPT to write their essays, so no matter how I think, people are always going to do whatever they want.

Pearl, on the other hand, thinks cheating is not easy for students to get away with.

Almost all teachers can tell, like, if they've seen your writing before, they know, huh, that person doesn't write like that.

Teachers have told students explicitly, that if they use ChatGPT to write their essays, theyre getting an F.

Nicholas Umpierrez, a senior, is working with his team on a project for the city of Longmont building an underwater robot for water collection. He wants to know the ideal flow rate the machine should use. Hes used ChatGPT for coding already so decides to ask the AI about the flow rate. AI spits out an answer. Umpierrez gives it more parameters; he gets the same answer.

He decides he should probably go back to the scientists in the city to get more information.

Nicholas teacher Nathan Wilcox interjects, recognizing an AI teachable moment. He praises Umpierrez for realizing that ChatGPT has huge limitations when it comes to hyper-specific questions.

Do we know that's the most recent, new, data? Do we know that that's the optimal data? Do we know if that data was collected related to water sampling for this type of purpose? the teacher asks.

Instead, its the Longmont scientists who will know the ideal flow rate based on research studies. The exchange is yet another opportunity for learning about an extraordinarily powerful tool that is rapidly changing K-12 education.

Joe McBreen, SVVSDs assistant superintendent of innovation, said districts leaning into AI doesnt mean accepting everything about it, lock, stock, and barrel. But he said AI is only going to become more pervasive and powerful.

I think we're ethically and morally compelled to prepare our kids for a competitive future, where they not only are aware of AI but they're empowered with next-level exposure and experiences so that they can confidently live in this world, he said. That begins today.

Schools can start by teaching kids the difference between a traditional search engine and generative AI, which can include images, music, and code, or large language model AIs which produce text and dont require computer science knowledge to use.

The world's most popular programming language right now is English. Literally, you can talk to the ChatGPT and get the code, McBreen said. And so what sorts of opportunities does that open up?

Other AI models can be used for data prediction and image recognition.

Districts must start with a set of educators who are aware, empowered, and skilled enough to help students, said McBreen.

St. Vrain, one of the first districts to offer professional development to educators, launched a soft introduction to AI for teachers, encouraging them to complete a bingo board that has them use AI in fun ways like finding a recipe or planning a trip. They earn credits for completing the cards. Along with coaching on safety and privacy in using AI, the district is continually analyzing whether there are gaps in its current cheating and plagiarism policy.

The district has created a task force of teachers and district leaders who are putting together an eighth-grade introduction to technology that focuses heavily on AI. But theyd eventually like to have exposure to AI in all grades.

Recently, Deagan Andrews, a curriculum leader for Greeley Evans School District 6, chatted with McBreen about the best way to begin developing an AI pathway for his district.

AI is painted with a broad brush, explained McBreen, but in reality, there are many different strands to it: from autonomous driving and AI in cybersecurity to how people use large language models to accelerate what they do. Other questions to consider: What is the right level of programming knowledge for students? How can they use AI to advance their own projects?

A new nationwide survey by the Center for Democracy and Technology finds massive changes in teacher and student use of generative AI. However, it shows teachers struggling with navigating many questions around responsible and safe student use and teachers distrustful of students resulting in more students getting into trouble. Many educators are stuck at that level, never mind how to teach students how to use AI as a tool and for application-based questions, much like the calculator did. The vast majority of educators are unequipped.

Greeley districts Andrews believes schools never really helped students effectively leverage calculators or even Google.

And now we take something that's 10 times more sophisticated. How are we going to help support students to really leverage it?

Thats where the Colorado Education Initiative comes in. The nonprofit will produce a statewide plan this summer identifying AI policies and practices needed for schools, as well as training for teachers. Rebecca Holmes is aware equity gaps are already starting.

If a kid happens to be in a district that's forward moving on something, they get lots of education about it and if they don't, they don't.

Adeel Khan, a former Colorado educator and founder and CEO of Magic School AI, said its crucial that AI become a competency in school, and not one that only affluent parents can buy their children.

We need to lead the charge here and not make the same mistakes of not bringing one-to-one laptops to schools (until) decades after they were being used in every professional work environment.

Holmes hopes to encourage the districts that have banned the use of AI to think of that as a first move.

Please don't let it be your last move and start to figure out how else you can engage with this and support young people in engaging with it.

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Artificial intelligence is already reshaping how some Colorado students learn. Is your school on the cutting edge? - Colorado Public Radio

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AFRL receives $4M grant to build Artificial Intelligence and Machine Learning Research Cen – afmc.af.mil

WRIGHT-PATTERSON AIR FORCE BASE, Ohio (AFRL) The Air Force Research Laboratory, or AFRL, Materials and Manufacturing Directorate was recently awarded a $4 million Office of Secretary of Defense, or OSD, Centralized Laboratory Investment Program, or CLIP, award to build the Artificial Intelligence and Machine Learning Research Center Capability Project, or AIMR-2C. This is the first CLIP award given at AFRL.

The AIMR-2C will be a 6,000 square-foot lab space dedicated to interactive data visualization. The building will be built as an addition adjacent to the main entrance of building 653 at Wright-Patterson Air Force Base. Building 653 is home to the Materials and Manufacturing Directorates headquarters.

AI/ML is rapidly being incorporated into facets of our everyday lives, from things as mundane as the way we unlock our phones to complex systems like self-driving cars, said Dr. Eric Harper, a research materials engineer in the Materials and Manufacturing Directorate and technical lead of the AIMR-2C project. As researchers at AFRL, we need to understand how to leverage this massively disruptive capability to accelerate the materials design process. AIMR-2C does more than simply provide AFRL researchers and collaborators access to cutting-edge hardware. It allows us to more rapidly learn the latest methods and techniques, assist each other in developing the next generation of models, apply those to multidisciplinary materials science problems, and share our results more effectively, thereby accelerating our ability to identify, develop and transition the next generation of stuff that makes the future.

AFRL has a physical presence in 10 states and accomplishes its mission through nine technology directorates, the 711th Human Performance Wing, the Air Force Office of Scientific Research and AFWERX. Since scientific collaboration and experimentation often requires experts from several locations to be present, progress is often slowed by the need to travel.

The AIMR-2C will offer a number of features that will help make remote collaboration more seamless, offering AFRL and its partners the ability to maximize collaboration, data sharing and model development.

The on-site research server cluster provided by the project will be a dedicated high-power computational tool enabling researchers to process, visualize and interact with large datasets collaboratively in real-time, said Kurt Lamm, facility engineer at AFRLs Materials and Manufacturing Directorate. Research co-location with data visualization provides dedicated subject-matter expertise in AI/ML, data analysis, and visualization to assist researchers in accelerating the development of next-generation models, workflows, and visualization pipelines. Primarily, this project builds technology capability, but it also has second-order effects in construction job creation and STEM job creation. When finished, this advanced laboratory will be a talent recruitment and retention beacon. AIMR-2C is a win for the Miami Valley.

Additionally, the labs location at Wright-Patterson Air Force Base in Dayton, Ohio, will serve to maximize over 100 existing partnerships. It will also benefit local academic institutions such as the Air Force Institute of Technology or AFIT and Wright State University, based on new and existing partnership agreements. AFITs Hangar 18 Software Laboratory is a unique asset that can help facilitate rapid digital solutions and pipelines for data visualization and research.

The ability to collaborate remotely and conduct research, experiments and data analysis in real-time will dramatically speed up the progress of research and prototyping, said Dr. Lauren Ferguson, Digital Transformation Lead at AFRLs Materials and Manufacturing Directorate. Currently, we must either send someone to the location to run an experiment or there must be experts already on site who can run it and ship the data back to us to analyze. The AIMR-2C collaboration space will not only allow experts to collaborate on an experiment while in different locations, but it will also allow them to share and analyze data in real-time as well as correct and re-run experiments without the need for travel.

Prior to winning the award, the directorate had already invested $6.2 million in information technology upgrades to expand data speeds from 100MB per second to 10GB per second at the main facility campus. Technological advancement is occurring at an unprecedented rate and scale, and connectivity is often the limiting factor to the depth of advanced research collaboration. This upgrade was necessary to accelerate the speed of research and leverage infrastructure as a tool for modernizing laboratory environs into research projection platforms for the AFRL. Upon completion of the project, AFRL plans to employ AIMR-2C as a catalytic tool to expand the prevalence of artificial intelligence and machine learning as a force multiplier for novel defense research gains.

The tentative timeline: design start -

About AFRL The Air Force Research Laboratory, or AFRL, is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visitwww.afresearchlab.com.

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AFRL receives $4M grant to build Artificial Intelligence and Machine Learning Research Cen - afmc.af.mil

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Cognitive scientist and author to compare natural and artificial intelligence during upcoming lecture News Service … – Iowa State University News…

AMES, Iowa Will artificial intelligence render the human mind irrelevant?

Acclaimed scientist and author Steven Pinker will answer that question when he presents the 2024 Goldtrap Lecture at Iowa State University at 6 p.m. on Friday, April 12, in the Memorial Union Sun Room. The presentation, titled Natural And Artificial Intelligence: How Rational are Humans?, is free and open to the public and will include a question-and-answer session. The lecture will be recorded and available to view within 24-36 hours after its conclusion on theISU Lectures website.

Pinker argues that artificial intelligence, in the form of deep learning networks and large language models, offers another way for humans to enhance natural intelligence. Collective rationality depends on norms that are designed to promote objectivity and truth, Pinker posits.

Steven Pinker is a cognitive scientist who has been named byTime Magazine as one of the 100 Most Influential People in the World. His keynotes have helped millions demystify the science behind human language, thought and action. A native of Montreal, Pinker is the Johnstone Professor of Psychology at Harvard University. Previously, he taught at Stanford and MIT. He is a fellow of the American Academy of Arts and Sciences and the American Association for the Advancement of Science. Pinker is a TED speaker and bestselling author, twice nominated for the Pulitzer Prize.

In his latestbook,Rationality: What It Is, Why It Seems Scarce, Why It Matters, Pinker argues that humans fail to take advantage of the most powerful tools of reasoning discovered by some of its best thinkers: logic, critical thinking, probability, correlation and causation. The ISU Book Store will be at the event selling copies of his book.

This event is sponsored by the ISU English Department, the linguistics program, the University Library, the Pat Miller Fund, the ISU Department of Psychology and the Committee on Lectures, which is funded by Student Government.

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Cognitive scientist and author to compare natural and artificial intelligence during upcoming lecture News Service ... - Iowa State University News...

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A $400 toothbrush with AI is peak artificial intelligence mania – The Washington Post

Its time again for a reality check: Companies have lost their minds over artificial intelligence and other fancy technology that probably wont improve your life.

Let me give two examples: A $400 electric toothbrush with AI (dont ask) and Amazons cashier-less grocery stores that the company admitted this week are a flop.

(Amazon founder Jeff Bezos owns The Washington Post.)

Businesses large and small are racing to show off to their employees, shareholders and you that they are all-in on new magical AI. Ive seen a lot of tech frenzies come and go, but AI mania is truly out of control.

AI will have profoundly helpful uses. But the technology is also drowning in false promises that suck your time, energy, money and possibly your well being. (Example: New York has an official AI chatbot that habitually gives people wrong legal advice.)

This moment in technology demands more why.

Why does all this supposedly AI technology exist? Why is it worth your time or money? Why is a task proposed for AI say, asking a chatbot for the proper oven temperature at a fast food restaurant any better than simpler, cheaper, less privacy-invading ways of doing the same thing?

So here goes. Lets ask some whys.

I know many people like Amazons just walk out technology in its Go convenience stores and Fresh grocery stores.

When you grab apples and milk from store shelves, an array of cameras, sensors and AI software detect what youve plucked. Your account is charged with no need to scan the items or pay at a register.

As happens with most AI, humans are behind the scenes to check the accuracy of receipts after you leave the store and teach software that mistook an apple for an orange not to repeat that error. The technology is also finicky and expensive to install and troubleshoot.

It really doesnt matter if shoppers like cashier-less stores or not. A technology wont last if it cant bring in enough profit to justify the costs and complications. Just walk out failed that test, at least for bigger grocery stores.

Amazon says the cashier-less technology has proven its worth in smaller, busy stores like those at airports and sports stadiums.

Amazon grocery stores instead will use carts that let you scan items and skip a register. Thats less complicated tech that makes you do the work instead of AI.

If the technology improves, maybe it will be great. But why did Amazon ignore a lesson from its own history?

The biggest innovations to your shopping are often not from the flashy stuff. Its from dull technologies that you never see, said Sucharita Kodali, a retail and e-commerce principal analyst with the research firm Forrester.

Amazon has made deliveries lightning quick with its sophisticated technology (and building oodles of warehouses) to spread pallets of products around the country. When you order a blender, it can arrive quickly because theres one at a warehouse near you.

Thanks to improvements in inventory tracking software, your local Target store can ship your order for a cooking pot and still have plenty for other shoppers coming into the store.

Your grocery shopping has been improved by worker scheduling technology that ensures there are enough people to stock shelves and also unload truckloads of goods out back.

Flashy technology demands your attention like a loud red sports car. You probably wouldnt shop at a grocery store because it has amazing inventory management software. But maybe you would if it has robots or cashier-less checkout.

Companies can, of course, take cool-sounding technology to a ridiculous extreme. May I present, Oral-Bs line of toothbrushes with AI.

Marketing materials for the $400 version mention AI Position Detection which sounds like a straightforward sensor to detect which teeth youre brushing and for how long. Theres also 3D teeth tracking with AI to show whether youve brushed successfully.

I asked representatives of Procter & Gamble, which owns Oral-B, what exactly is AI about this toothbrush. They declined to comment.

If youre jazzed about nightly grades for your brushing, you do you. But this toothbrush doesnt seem to have AI even under the squishiest definition of that term.

Marc Benioff, CEO of software company Salesforce and a big AI booster, recently tweeted that the toothbrush was a sign of peak AI hype. (Sorry to Benioff and the rest of us, there will be way more AI hype.)

We will get past the mania of companies shoving mediocre or pretend AI into every product and telling you that its glorious. It just doesnt feel that way right now.

So heres your sanity check for AI hype: Ask a lot of whys, and please ignore 95 percent of whats happening.

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A $400 toothbrush with AI is peak artificial intelligence mania - The Washington Post

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