Page 687«..1020..686687688689..700710..»

‘What do you think of AI?’ People keep asking this question. Here’s five things the experts told me – ABC News

For the last few months, there's one question that I've been asked countless times.

It comes up without fail during idle moments: coffee breaks at work orstanding around, outat the dogpark.

What do you think about AI?

Usually, the tone is quietly sceptical.

For me, the way it's asked conveys a weary distrust of tech hype, but also a hint of concern. People are asking:Should I be paying attention to this?

Sure, at the start of 2023, many of us were amazed by newgenerative artificial intelligence (AI)tools like ChatGPT.

But, as the months have passed, these tools have lost their novelty.

The tech industry makes big claims abouthow AI is going tochange everything.

But this is an industry that has made big claims before and been proved wrong. It's happened with virtual reality, cryptocurrency, NFTs and the metaverse. And that's just in thepast three years.

So, what do I think of AI?

For the pastfew months I've been working on a podcast series about AI for the ABC, looking broadly at this topic.

It's been a bit like trekking through a blizzard of press releases andproduct announcements.

Everything solid dissolves into a white-out of jargon and dollar signs.

There's so much excitement, and so much money invested, that it can be hard to get answers to the big underlying questions.

And, of course, we're talking about the future! That's one topic on which no-one ever agrees,anyway.

But here's what I've learned from speaking to some of the top AI experts.

Forget Terminator. Forget 2001: A Space Odyssey.

Hollywood's long-ago visions of the futureare getting in the way of understanding the AI we have today.

If you picture a skeletal robot with red eyes every time someone says "AI", you'll have totally the wrong idea about what AI can do, what it can't, and what risks we should reasonably worry about.

Most of the AI tools we use, from ChatGPT to Google Translate, are machine learning (ML).

If AI isthe broad concept of machines being able to carry out tasks in what that we would consider "smart", ML is one way of achieving this.

The general idea is that, instead of telling a machine how to do a task, you give them lots of examples of wrong and right ways of doing the task, and let them learn for themselves.

So for driverless cars, you give a ML systemlots of video and other data of cars being driven correctly, and itlearns to do the same.

For translation, you give a ML toolthe same sentences in different languages, and it figures out its own method of translating between the two.

Why does this distinction between telling and learning matter?

Because a ML tool that can navigate a roundaboutor help you order coffee in French isn't plotting to take over the world.

The fact it can do these narrow tasks is very impressive, but that's all it's doing.

It doesn't even "know" the world exists, says Rodney Brooks, a world-leading Australian roboticist.

"We confuse what it does with real knowledge," he says.

Rodney Brooks has one of the most impressive resumes in AI. Born, raised and educated in Adelaide, during the 1990s heran the largest computer science department in the world, at MIT. He's even credited with inventing the robotic vacuum cleaner.

"Because I've built more robots than any other human in the world,I can't quite be ignored,"he told me when I called him at his home in San Francisco, one evening.

Professor Brooks, who's a professor emeritus at MIT, says the abilities of today's AI, though amazing, arewildly over-estimated.

He makes a distinction between "performance" and "competence".

Performance is what the AI actually does translate a sentence for example. Competence is its underlying knowledge of the world.

With humans, someone who performs well is also generally competent.

Say you walk up to a stranger and ask them for directions. If they answer with confidence, we figure we can also ask them other things about the city: where's the train station? How doyou pay for a ticket?

But that doesn't apply to AI. An AI that can give directions doesn't necessarily know anything else.

"We see ChatGPT do things ... and people say 'It's really amazing'. And then they generalise and imagine it can do all kinds of things there's no evidence it can do," Professor Brooks says.

"And then we see the hype cycle we've been in over the last year."

Another way of putting this is we have a tendency to anthropomorphise AI to seeourselves in the tools we've trained to mimic us.

As a result, we make the wrong assumptions about the scale and type ofintelligence beneath the performance.

"I think it's difficult for people, even within AI, to figure out what is deep and what is a technique," Professor Brooks says.

Now, many people in AI sayit's not so clear cut.

Rodney Brooks and others maybe completely wrong.

Maybe future, more advanced versions of ChatGPT will havean underlying model of the world. Performance will equate to competence.AI will develop a general intelligence, similar to humans.

Maybe. But that's a big unknown.

For the moment, AI systems are generally very narrow in what they can do.

From the buzz out of Silicon Valley, you could be forgiven for thinking the course of the future is pretty much decided.

Sam Altman, the boss of OpenAI, the company that built ChatGPT,has been telling everyonethat AI smarter than any human is right around the corner. He calls this dream Artificial General Intelligence, or AGI.

Perhaps as a result of this, minor advances are oftencommunicated to the public as though they're proof that AI is becoming super-intelligent.The future is coming, get out of the way.

ChatGPT can pass a lawexam? This changes everything.

Google has a new chatbot?This changes everything

Beyond this hype, there are lots of varying, equally valid, expert perspectives on what today's AI is on track to achieve.

The machine learning optimists,people likeSam Altman, are just one particularly vocal group.

They say that not only will we achieve AGI, but it will be used for good, ushering in a new age ofplenty.

"We are working to build tools that one day can help us make new discoveries and address some of humanity's biggest challenges, like climate change and curing cancer," Mr Altman told US lawmakers in May.

Then, there's thedoomers.They broadly say that, yes, AI will be really smart, but it won't be addressing climate change and curing cancer.

Some believe that AI will become sentient and aggressively pursue its own goals.

Other doomers fearpowerful AI tools will fall intothe wrong hands and be misused to generate misinformation, hackelections, and generally spread murder and mayhem.

Then there's the AI sceptics. People like Rodney Brooks.

The real danger, they say, isn't that AI will be too smart, but it will be too dumb, and we won't recognise its limits.

They point to examples of this happening already.

Driverless carsare crashing into pedestrians in San Francisco. Journalists are being replaced by faultybots. Facial recognition is leading to innocent people being locked up.

"Today's AI is a very powerful trick," Professor Brooks says.

"It's not approaching, or it's not necessarily even on the way, to a human-level intelligence."

And there's a fourth group (these groups overlap in complicated ways), who saythat all of the above misses the point.

We should worry less about what AI will become, and talk more about what we want it to be.

Rumman Chowdhury, an expert in the field of responsible AI, says talking about the future as something that will happen to us, rather than something we shape, is a cop out by tech companies.

AI isn't a sentient being, but just another tech product.

"In anthropomorphising and acting like artificial intelligence is an actor that makes independent decisions, people in tech absolve themselves of the sins of the technology they built," she says.

"In their story, they're a good guytrying to make this thing to help people.

"They've made us believe this AI is alive and making independent decisions and therefore they're not at fault."

Most of the popular discussion about AI and the future focuses on what happens when AI gets too powerful.

This is sometimes called the "alignment problem". It's the idea that, in the end, sentient AIwill not do what we what.

Within the AI community, the term "p(doom)" is used to describe the probability of this happening. It's a percentage chance that AI is going to wipe out humanity."My (p)doom is 20 per cent" etc.

But the most chilling vision of the future I heard wasn'tone whererobots stage an uprising.

Instead, it was muchmore mundane and plausible. A boring dystopia.

It's a future where AI pervades every aspect of our lives, from driving a car to writing an email, and a handful of companies that control this technology get very rich and powerful.

Maybe in this future AI issuper-intelligent, or maybe not. But it's at least good enough to displace workersin many industries.

New jobs are created, but they're not as good, because most peoplearen't aseconomically useful as they were. The skills these jobs require skills that were once exclusively human can be done by AI.

High-paying, creative jobs become low-paying ones, usually interacting with AI.

This is the fear that partly motivatedUS actors and screenwriters to go on strikethis year. It's why someauthors are suing AI companies.

It's a vision of the future where big tech's disruptions of certain industries overthe past 20 years Google and Facebooksuckingadvertising revenue out media and publishing, for instance is just thepreamble to a much larger,global transfer of wealth.

"The thing I worry about is there are fewer and fewer people holding more and more wealth and power and control," Dr Chowdhury says.

"As these models becomemore expensive to build and make, fewer and fewer people actually hold the keys to what's going to be driving essentially the economy of the entire world."

Michael Wooldridge, a computer scientist at Oxford University and one of the world's leading AI researchers, is also worried about this kind of future.

The future he envisions is less like The Terminator, and more like The Office.

Not only are most people paid less for the same work, but they're micromanaged by AI productivity software.

In this"deeply depressing" scenario,humans are the automata.

"A nagging concern I have is that we end up with AI as our boss," Professor Wooldridge says.

"Imagine in a very near future we've got AI monitoring every single keystroke that you type. It's looking at every email that you send. It's monitoring you continually throughout your working day.

"I think that future, unless something happens, feels like it's almost inevitable."

Sixty years ago, in the glory days of early AI research, some leading experts were convinced that truly intelligent, thinking machines were a decade or two away.

About 10 years later, in the early 1980s, the same thing happened: A few breakthroughs led to a flurry of excitement. This changes everything.

But as we know now, it didn't change everything. The future that was imagined never happened.

The third AI boom started in the 2010s and has accelerated through to 2023.

It's either still going, or tapering off slightly. In recent months, generative AI stocks have fallen in the US.

ChatGPT set the record for the fastest selling user base ever, in early 2023. But it hasn't maintained this momentum. Visits to the sitefell from June through to August this year.

To explain what's going on, some analysts have referenced Amara's Law, which statesthat we tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.

They've also pointed to something called the Gartner Hype Cycle, which is a graphical representation of the excitement and disappointment often associated with new technologies.

Continued here:

'What do you think of AI?' People keep asking this question. Here's five things the experts told me - ABC News

Read More..

Hacking the future – Harvard School of Engineering and Applied Sciences

Emmanuel Rassou wants to make it easier to learn foreign languages. Joshua Zhang finds it easier to get up in the morning with real-time encouragement from peers. Matt Tengtakrool believes satellites can play a crucial role in disaster response. Sahar Maisha doesnt like to see restaurant food go to waste.

All four are students at the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) who recently spent a weekend designing products at HackHarvard 2023 at the Science and Engineering Complex (SEC). They were among the more than 600 students from around the world who participated in the eighth edition of the hackathon and the first at the SEC.

Teams had 36 hours to design, test and pitch finished products inspired by the overall theme, Hack to the Future. Teams submitted products in one of four tracks: Health and Fitness, Earth and Space, So You Think You Can Do It Better, and Efficiency Boosters. The event also featured career and technology panels and social events such as yoga and tote bag painting.

Overall, Im super happy with the event, said director Yuen Ler Chow, a third-year computer science concentrator at SEAS. Our talks went well and were very well-attended; many were at near- to full-capacity. We sent feedback forms to our hackers, and the overwhelming majority of them were super satisfied with the event.

Hack Harvard is a SEAS-affiliated student organizations managed by the SEAS Office of Student Experiencesand the Office of Academic Programs. Read on to learn more about HackHarvards projects and prize winners.

Rassou, a freshman studying computer science at SEAS, was part of the team that built Substitutor, a Chrome extension that encourages passive vocabulary learning. The extension converts specific chunks of text on a web page into a foreign language, and the user can read the original text by hovering the cursor over it.

Rassous team also included Beverly Wan from the National University of Singapore, Aayush Gautam from University of Southern Mississippi and John Tawfik from Rutgers University. The team submitted in the Efficiency Boosters Track.

Initially we didnt have a project idea, so the concept creation phase and brainstorming was stressful, Rassou said. We thought we were very behind compared to other teams who thought of an idea beforehand. During the last hours, we were coding on pure adrenaline, so we were too tired to even notice any stress.

Sustainabite, another Earth and Space submission, connects restaurants with non-profit organizations such as food banks and homeless shelters. Participating restaurants post specific food left over when their kitchens close each day, and organizations within a 10-mile radius get notified of this update and can request the food. Once a request is accepted and confirmed, a volunteer from the organization picks it up within the hour. Maishas team included New York University student Catherine Huang, Rocio Cotta Antunez from the University of Minnesota-Minneapolis, and Sarah Asad from the University of Washington.

This was my first overnight, in-person hackathon and it was unlike any hackathon I've ever participated in before, said Maisha, a sophomore studying computer science at SEAS. Working with new people was a lot of fun, and I left the hackathon with two things: new friendships, and a project that brought our team together.

Tengtakrool, a third-year computer science and statistics student at SEAS, built DRIFTS.space with University of Texas-Austin student Ankit Devalla and Texas A&M student Montgomery Bohde. DRIFTS stands for Disaster Relief Infrastructure For Tracking and Safety. The Earth and Space submission analyzes the positions and capabilities of more than 10,000 satellites currently in orbit to determine the ideal positioning to provide real-time data and support for first responders in a region struck by a natural disaster.

Hackathons are truly special compared to typical school projects because they force you to ship actionable products really fast, Tengtakrool said. I think that they force you to be very resourceful, coordinated, and think on your feet.

Wakey, winner of the Funniest Hack Prize, was submitted in So You Think You Can Do It Better. The app links users who have all set an alarm for the same time, and as one user gets up, theyre able to send additional sound effects or prompts to help everyone else get up. Zhang, a second-year student studying applied math and computer science, built the app with fellow SEAS students Eric Wang and Pedro Garcia, and Princeton student Emily Luo.

I wanted to gain some computer science background and get more immersed in the culture here, Zhang said. We already had a concept in mind, so we basically just got right into the implementation.

Colorado College students Ronan Takizawa, Primera Hour, David Prelinger and Kylie Bogar won Best Overall Hack with TeleSpeech, a Chrome extension that converts Telegram messages into custom AI-generated speech. Second place went to HackAnalyzer, which uses artificial intelligence insights to help hackathon judges evaluate submissions.

The Think You Can Do It Better Prize went to giraffe.study, which uses artificial intelligence to quickly create high-quality videos explaining specific topics. Its design team was from Princeton University, Columbia University and Carleton College.

The Health & Fitness Prize went to GREENTRail, whose design team included students from Parsons School of Design in New York, Indiana University-Bloomington and Northeastern University. The mobile app helps hikers find trails based on a synthesized difficulty rating, while also using wildlife data to suggest routes less likely to affect local fauna.

WaterView won the Earth and Space Prize. Designed by Harvard student Gaurang Goel and several students from the University of Texas, WaterView provides real-time water quality tracking and predictive analysis.

A pair of University of Connecticut students teamed up to win the Efficiency Boosters category with SnipStudy. The program creates summaries of longform videos such as lectures, and with further development could even enable students to search for specific video segments based on keywords or phrases.

See original here:

Hacking the future - Harvard School of Engineering and Applied Sciences

Read More..

1 Super Semiconductor Stock Down 30% You’ll Wish You’d Bought … – The Motley Fool

The development of popular artificial intelligence (AI) applications like OpenAI's ChatGPT wouldn't be possible without advanced semiconductors (chips). They are fitted inside data centers managed by cloud providers like Amazon, which are rented by AI developers to train their models.

Semiconductor giant Nvidia has an estimated 90% market share in the emerging industry for AI data center chips, but Advanced Micro Devices (AMD 1.52%) recently launched its own line of competing hardware.

AMD has struggled over the last 12 months because its core business involves selling chips for segments like gaming and personal computing -- precisely where consumers have cut spending amid challenging economic conditions. As a result, AMD stock trades 30% below its all-time high.

But the company just reported its financial results for the third quarter, and investors have plenty to look forward to, including billions of dollars in potential sales of its new AI chips in 2024. Here's why now is a great time for investors to buy the dip.

Image source: Getty Images.

AMD is one of the most renowned semiconductor companies in the world. Its chips can be found in a long list of leading consumer electronics, including high-end computers, top gaming consoles like Sony's PlayStation 5 and Microsoft's Xbox, and even the infotainment systems in Tesla's electric vehicles.

But there's a greater opportunity on the horizon for AMD. Nvidia CEO Jensen Huang says $1 trillion worth of existing data center infrastructure needs upgrading to support accelerated computing and AI, and while his company currently has almost the entire market to itself, AMD is focused on snatching some market share.

Earlier this year, AMD revealed its new MI300 lineup of data center chips designed for AI workloads. The company says its MI300A variant combines computing processors (CPUs) with graphics processors (GPUs) to create the world's first accelerated processing unit (APU) for data centers. AMD began shipping the MI300A to the Lawrence Livermore National Laboratory last month to power the El Capitan supercomputer, which will be the most powerful on the planet when it comes online next year.

AMD says its data center GPU chips alone could exceed $2 billion in revenue in 2024, which would make the MI300 the fastest product to ramp to $1 billion in sales in the company's history.

But AMD is also tackling a new frontier, which is AI-enabled personal computers and devices. Its Ryzen AI lineup of chips is now available in 50 notebook designs with more coming thanks to collaborations with Microsoft, which already has a history of using AMD hardware in its Surface devices. Ryzen AI will allow computers to run AI workloads on-device, which can make them far more responsive than relying on cloud-based applications hosted by external data centers.

Through the first six months of 2023, AMD's revenue sank by 13.8% on a year-over-year basis. It was led by a whopping 59% drop in its client segment, which includes the chips the company makes for third-party computers and devices.

But in the third quarter, AMD's revenue grew by a modest 4.2% year over year, to $5.8 billion -- but this time, it was actually led higher by the client segment, which saw a 42% revenue increase on its own. The result was driven by strong demand for the Ryzen 7000 series chips, which includes the AI variants I mentioned earlier.

Data center revenue remained flat, but with large-scale MI300 shipments on the horizon, that is very likely to change soon.

AMD anticipates $6.1 billion in total revenue in the current fourth quarter of 2023, which would mark an accelerated year-over-year growth rate of 9%. It's a great sign AMD's business is now on the upswing after a challenging 12-month period.

AMD's profitability has suffered lately. With revenue falling, AMD had to carefully manage its costs while still investing in the development of its new AI chips, which created a headwind at its bottom line. It resulted in the company's non-GAAP earnings per share sinking by 45% in the first half of 2023.

But the company's non-GAAP earnings returned to growth in Q3, increasing by 4% compared to the same quarter last year. Its trailing-12-month earnings per share now stands at $2.57, and based on a current stock price of $108.79, AMD is trading at a price-to-earnings (P/E) ratio of 42 at the moment.

That's significantly more expensive than the 29 P/E ratio of the Nasdaq-100 index, which is a good benchmark for the average valuation of large technology companies.

While that sounds unattractive, investors are faced with a very different picture when they look ahead to 2024. Wall Street analysts predict the company's earnings will come in at $3.93 for the year, which places AMD stock at a far more palatable forward P/E ratio of 27.7. There might even be upside to that earnings number if the uptake of AMD's AI chips occurs at a faster rate than analysts predict, or even if interest rates fall and the economy improves faster than expected.

Therefore, AMD stock looks like a bargain right here at a 30% discount to its all-time high, especially for investors who can hold on for the next few years while AMD ramps up its AI sales.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.

Follow this link:

1 Super Semiconductor Stock Down 30% You'll Wish You'd Bought ... - The Motley Fool

Read More..

Coinbase blocked in Kazakhstan amid tighter cryptocurrency … – Investing.com

Investing.com|EditorAmbhini Aishwarya

Published Nov 07, 2023 08:06AM ET

Kazakhstan's Ministry of Culture and Information has taken a decisive step in its ongoing efforts to regulate the burgeoning cryptocurrency market, blocking access to global cryptocurrency exchange, Coinbase (NASDAQ:COIN). The move follows the implementation of the Law on Digital Assets initiated in February 2023, which mandates digital currency activities to secure a license from the Astana International Financial Center (AIFC).

The blockage, reported by local news outlet Kursiv, is part of a broader strategy by the Kazakh government to manage digital assets and introduce a Central Bank Digital Currency (CBDC). The so-called "great Kazakh investment firewall" has been causing access issues to Coinbase and other exchanges like Kraken since September.

Several exchanges, including Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit and Xignal&MT have managed to secure approval from AIFC, thereby ensuring their continued operation within the country. However, Coinbase's failure to comply with these licensing requirements has resulted in its current blockage.

In addition to exchange regulation, Kazakhstan's strict rules also extend to its prominent mining sector. In October, eight major crypto-mining firms penned an open letter to President Kassym-Jomart Tokayev, highlighting a "very distressful situation" due to high energy costs.

The implications of this blockage are significant for both Coinbase and its Kazakhstani users. With a surge in cryptocurrency interest and usage in the country, users will no longer be able to trade or access their accounts on the platform. The response from Coinbase regarding this regulatory action is yet to be seen.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read market moving news with a personalized feed of stocks you care about.

Get The App

Written By: Investing.com

More:
Coinbase blocked in Kazakhstan amid tighter cryptocurrency ... - Investing.com

Read More..

Forget ChatGPT Elon Musk’s new xAI wants to uncover the ‘true … – Tom’s Guide

Elon Musk says the new large language model from his artificial intelligence lab xAI will be available to a select group from tomorrow. In a cryptic post on X, he claimed that in some respects it is "the best [model] that currently exists".

The worlds richest man launched xAI in July, bringing together a team of leading engineers and AI scientists to "understand the true nature of the universe" through AI. This came off the back of the growing success of OpenAI through its chatbot ChatGPT.

Musk was an early investor in OpenAI but left the board in 2018 after an apparent disagreement and a failed attempt to take over the company. He was also heavily investing in machine learning and AI through the self-driving vehicle division of Tesla at the time.

The billionaire has been critical of many AI products, services and research efforts from big tech companies, claiming too much emphasis is placed on guardrails and controls. Earlier this year he said he wanted to launch a "maximum truth-seeking AI".

In contrast to these lofty ambitions, Musk has also warned that AI poses an existential threat to humanity and that in the future it will put an end to work and create a world where "no job is needed". It isnt clear how much of that comes from his xAI research or is just opinion.

As well as Musk himself, xAI includes engineers who have previously worked for Google's DeepMind, Microsoft, OpenAI and Tesla. They have collectively worked on some of the most important technologies that power modern AI tools like ChatGPT and Bard.

The new xAI model is expected to be in direct competition with OpenAI's GPT-4, Google's PaLM 2 and Meta's Llama 2 with much of its training happening using Oracle's cloud network.

Musk has been in the U.K. this week at the AI Safety Summit. During a live conversation on X with British Prime Minister Rishi Sunak he declared AI has the potential to become the most disruptive force in history.

He said: If you wish for a magic genie, that gives you any wish you want, and theres no limit. You dont have those three wish limits nonsense, its both good and bad. One of the challenges in the future will be how do we find meaning in life.

In some important respects, it is the best that currently exists.

During its initial announcement in July, Musk opined that for a "truth-seeking super-intelligence", it was safer to build it with curiosity and an interest in humanity as it will be more interested in keeping humanity safe.

That is part of what he hopes to achieve with xAI, a way to understand the universe and create a good AI. What format it will take, how it will be accessed by those given permission to use it or what the cost of the model will be have yet to be revealed.

Today's best Apple MacBook Pro 16-inch M3 (2023) and Apple MacBook Pro 14-inch M3 (2023) deals

Read this article:

Forget ChatGPT Elon Musk's new xAI wants to uncover the 'true ... - Tom's Guide

Read More..

TRON and Pundi X Collaborate to Boost Cryptocurrency Adoption with XPOS Integration – Yahoo Finance

Geneva, Switzerland --News Direct-- TRON DAO

Geneva, Switzerland / November 6, 2023 / - TRON, a globally recognized leader in the blockchain space, has taken a monumental step forward by announcing a strategic collaboration with Pundi X, a pioneer in blockchain-based point-of-sale (POS) solutions. Central to this collaboration is the integration of Pundi X's innovative XPOS platform with the TRON network, facilitated by the TronLink wallet. This integration sets the stage for TRON users to seamlessly transact and oversee their digital assets, enhancing the practicality and accessibility of cryptocurrency transactions.

By aligning the robust TRON network with the capabilities of the XPOS device via the TronLink wallet, TRON emphasizes its commitment to fostering widespread cryptocurrency adoption in everyday retail transactions. The XPOS device, admired for its user-centric design and efficiency in processing cryptocurrency trades, will now be geared to support TRON's expansive ecosystem, including its native utility token, TRX, as well as a spectrum of TRC-20 tokens. In supported jurisdictions, this collaboration by TRON and Pundi X promises to bridge the gap between traditional commerce and digital currency, ensuring a seamless and enriching transactional experience for both merchants and consumers.

Prominent Features of the Integration:

- Streamlined Transactions: Users, through their TronLink wallets, can now execute crypto trades utilizing the XPOS device, making transactions effortless in a wide range of physical retail environments.

- A Commitment to Security: Pundi X's innovative technology with the robust security of the TRON network ensures transactions are executed with paramount safety.

Zac Cheah, CEO and Co-Founder at Pundi X expressed his enthusiasm, saying, "Integrating with TRON is a monumental stride towards rendering cryptocurrency dealings to be more streamlined and user-centric. With the XPOS registering a 47% surge in USDT transactions on the TRON network this quarter, our alliance is in perfect sync with our vision of making blockchain technology mainstream for cryptocurrency transactions."

Story continues

Echoing these sentiments, Ecosystem Lead at TRON DAO Dave Uhryniak stated: "Our collaboration with Pundi X is a pivotal move in heightening the practicality and versatility of cryptocurrency usage. Integrating the TRON network with the capabilities of the XPOS device through TronLink wallet solidifies our collective vision of championing the digital payments industry."

The synergy between Pundi X and TRON is poised to reshape how consumers engage with cryptocurrencies in brick-and-mortar settings. This collaboration is a testament to the transformative power of blockchain technology, heralding an era of innovation and convenience in financial systems. Please note that TRON network tokens on Pundi XPOS devices and other Pundi products are geo-restricted and not available to U.S. persons for purchasing or selling.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of October 2023, it has over 192.59 million total user accounts on the blockchain, more than 6.62 billion total transactions, and over $17.84 billion in total value locked (TVL), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the governments endorsement to issue Dominica Coin (DMC), a blockchain-based fan token to help promote Dominicas global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact

Hayward Wong

press@tron.network

About Pundi X

Based in Singapore, Pundi X was founded in 2017 with the aim of harnessing the power of blockchain technology to make a more secure and inclusive world. Pundi X is a leading developer of blockchain-based point-of-sale solutions, committed to making blockchain technology accessible to mainstream users. The company's XPOS device has been widely recognized for its role in simplifying cryptocurrency transactions at physical retail locations. Pundi X has also been selected as one of the top 50 Innovative Fintech Startups in 2018 by KPMG and H2 Ventures, cool vendors in blockchain business by Gartner, and one of the top 10 fintech leaders by Singapore Fintech Association in 2019. For more information, please visit https://www.pundix.com.

Media Contact

press@pundix.com

Hayward Wong

press@tron.network

https://trondao.org/

View source version on newsdirect.com: https://newsdirect.com/news/tron-and-pundi-x-collaborate-to-boost-cryptocurrency-adoption-with-xpos-integration-784722212

Go here to see the original:
TRON and Pundi X Collaborate to Boost Cryptocurrency Adoption with XPOS Integration - Yahoo Finance

Read More..

Like real climate action, AI’s perils will be ignored – The New Daily

Before issuing last weeks Executive Order on the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence, President Joe Biden went to Camp David and watched the new Tom Cruise movie, Mission: Impossible Dead Reckoning Part One.

In the movie, Tom Cruise as Ethan Hunt battles an AI thingy called The Entity, which becomes sentient, takes over a submarine, kills everyone aboard and then threatens to use its super intelligence to control the worlds militaries. Luckily theres a two-piece key that can turn off the Entity, which Mr Cruise manages to put together and well, that seems to be for Part Two.

White House deputy chief of staff Bruce Reed, who watched the movie with the President, told Associated Press in an interview: If he hadnt already been concerned about what could go wrong with AI before that movie, he saw plenty more to worry about.

Really? Didnt he watch Terminator 2: Judgment Day, 32 years ago? Or Terminator 3: Rise of the Machines, 20 years ago?

Either of those movies would have given the President plenty to worry about long ago. But timing is everything in politics, and the time for worrying about AI is 2023, not 1991 or 2003. Then it was science fiction, now ChatGPT has made it real.

Five months ago, on May 30, 352 of the worlds leading AI scientists and other notable figures (now its up to 662) signed the following succinct Statement on AI Risk: Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.

Extinction anxiety

A gulp went around the world; everyone looked up from their phones briefly at the word extinction and then went back to looking at their phones. Most of those who signed the statement warning about extinction went back to developing AI as fast as they could.

But it seems to have had quite an impact on the White House. Teams were set up to craft something, and it was decided that it should be a presidential executive order.

The President was alarmed by the evil, sentient Entity, probably not long after the movie came out in mid-June, and put a rocket up the AI policy teams. Last Monday, four months later, a gigantic 19,704-word executive order was emitted from the White House to deal with the risks of AI.

Will it do that? Well, it certainly is very long, and very prescriptive, so it might stunt AIs growth a bit. But regulation usually favours incumbents, so if nothing else it will probably help to entrench the technology oligopoly of the big six Microsoft, Apple, Meta, Alphabet, Nvidia and Amazon.

A day after the executive order was issued, UK Prime Minister Rishi Sunak opened the two-day global AI Safety Summit at Bletchley Park in Buckinghamshire, the headquarters of Britains code-breaking efforts in WWII.

Many of those who signed the Statement on AI Risk five months ago were there, along with a rare double from Australia: Deputy Prime Minister Richard Marles and Minister for Science Ed Husic. They all signed the Bletchley Declaration, affirming that AI should be designed, developed, deployed, and used in a manner that is safe, human-centric, trustworthy and responsible, as the subsequent media release from Marles and Husic put it.

Perhaps the most telling sentence in the declaration was the last: We look forward to meeting again in 2024. In other words, this first meeting wont achieve much apart from making a start.

After the meeting, Rishi Sunak had a live-streamed conversation with Elon Musk on the subject, in which Musk observed that the pace of AI development is the fastest of any technology in history by far. Its developing at five-fold, ten-fold per year. Governments arent used to moving at that speed.

The Musk perspective

He added that AI was the most disruptive force in history, that we will have for the first time something that is smarter than the smartest human, and there will come a point where no job is needed. You can have a job if you want a job, for personal satisfaction, but AI will be able to do everything.

I dont know if that makes people comfortable or uncomfortable, he said with a smirk.

Probably uncomfortable, Elon, although not as uncomfortable as the idea that they wont just be unemployed, theyll be extinct.

Musk didnt sign the May 30 statement on AI Risk that talked about extinction. But those who did sign it, like the CEO of ChatGPT developer, OpenAI, Sam Altman, and the CEO of Google DeepMind, Demis Hassabis, did not down tools because what they were doing was an existential risk like a pandemic or nuclear war.

They ploughed on doggedly, heroically forging mankinds path into technologys next era. In September, OpenAI announced that ChatGPT can now see, hear, and speak, Google has launched an AI feature in Gmail, and new AI entities are being launched every day, each one smarter than the one before and a little bit closer to being sentient. The industry is now talking about 2024 being the biggest year yet for AI.

Its all a bit reminiscent of the early warnings about the greenhouse effect of fossil fuels.

Climate crunch

My trusty AI assistant, Google Bard, tells me that in 1824, French physicist Joseph Fourier proposed that the atmosphere acts like a greenhouse, trapping heat from the sun and preventing it from escaping back into space, and in 1896, Swedish scientist Svante Arrhenius calculated that human emissions of carbon dioxide could lead to global warming.

Bard continued: Scientists started getting really worried in the mid 20th century. In 1957, American scientist Roger Revelle published a paper in which he warned that human activities were increasing the level of carbon dioxide in the atmosphere, and that this could lead to significant global warming and catastrophe.

And in 1972, the National Academy of Sciences issued the equivalent of the May 30 Statement on AI Risk, concluding that human activities were likely to produce an increase in the average surface temperature of the Earth, although admittedly they didnt use the word extinction.

The first global summit meeting about climate change, like the one in Bletchley Park last week, was held in Berlin in 1995, and two years later in Kyoto, a declaration was issued called the Kyoto Protocol in which everyone agreed to do something.

And here we are.

Alan Kohler writes twice a week for The New Daily. He is finance presenter on ABC News and founder of Eureka Report

Here is the original post:

Like real climate action, AI's perils will be ignored - The New Daily

Read More..

Fraudulent Ledger Live App in Microsoft Store Linked to $768K … – Blockchain.News

The cryptocurrency community faced a significant security breach when a fake Ledger Live application, titled "Ledger Live Web3," appeared in the Microsoft App Store, leading to substantial financial losses for unsuspecting users. Notorious for mimicking the genuine interface of Ledger's hardware wallet application, this fraudulent software managed to siphon off a sizeable sum before its removal.

Cryptocurrency investigator ZachXBT first brought attention to this scam on November 5, 2023, warning users of the counterfeit application. Analysis of the transactions to the scammer's Bitcoin address (bc1q...y64q) revealed the theft of approximately 16.8 Bitcoins, amounting to around $588,000, through 38 transactions. Further scrutiny indicated an additional address associated with the scheme accumulating roughly $180,000 across the Ethereum and Binance Smart Chain networks.

Microsoft responded by removing the deceptive application following the uproar. However, questions about their app vetting process and accountability have risen, especially since it's not the inaugural instance of such a scam. Reports from victims have intensified the call for stringent app store oversight and highlighted the risks associated with downloading cryptocurrency-related applications from less stringent sources.

The activity in the scammer's wallet commenced with a transaction dated October 24, suggesting a well-orchestrated plan that escalated from November 2. The largest single transfer recorded was $81,200 on November 4. Historical data indicated that the faux "Ledger Live Web3" app was listed on Microsoft's platform as early as October 19.

This event serves as a stark reminder of the dangers lurking in seemingly secure app stores and the importance of rigorous due diligence before downloading any financial management software.

View original post here:
Fraudulent Ledger Live App in Microsoft Store Linked to $768K ... - Blockchain.News

Read More..

Why have cryptocurrency values rebounded recently and can they get back to previous peaks? – ABC News

Mark Grubski isn't a crypto bro he's a crypto grandpa.

"I am not supposed to be involved in crypto because I am a baby boomer," he says.

"I have to say,I love it."

But it's a fraught relationship, with Mark investing at "totally the wrong time" when prices of these decentralised currencies were at their last peak in mid-2021.

"I was typical investor on a hype," he admits.

The price of the best-known cryptocurrency, Bitcoin, started droppingfrom its record high of around $US65,000 ($102,000) in late 2021.

Eventually, it spectacularly crashed. Other crypto currencies generally followed this trend.

"I was almost crying. It obviously wasn't a good feeling," Mark recalls.

Now there is a glimmer of hope for Mark's nest egg, which today includes about 20 different cryptocurrencies.

Bitcoin one of the "big daddies" as Mark calls it is back up to more than half its peak, tradingaround $US34,000 this week.

Others like Ethereum, Solana and the much-derided Dogecoin are also rising.

The question is whether this is just another boom and bust cycle or cryptocurrency's final moon landing.

As one local fund that helps retail investors get into crypto puts it: "market sentiment is everything".

"We seem to be stepping over some of the negative news," Digital X chief executive Lisa Wade says.

This includes the appearance of Sam Bankman-Fried before United States courts, as the former industry darling deals with the reckoning of the fallout of his fund, FTX.

The collapse of FTX in 2022 added to woes that year from the "death spiral" of the Luna stablecoin.

"We actually crashed and underperformed by about 100 per cent," Ms Wade says.

In recent weeks, Bitcoin was boosted by news that one of the world's biggest asset managers, Blackrock, has applied for a licence to runan exchange-traded bitcoin fund.

"This is a big deal," RMIT Blockchain Innovation Hub's deputy director Dr Darcy Allen says.

Blackrock has not actually confirmed what it will do if it is granted a license by US regulators but its application appears to be a good enough signal for the market.

"What this means for investors is that cryptocurrency markets are likely to have an air of regulatory legitimacy around them," Dr Allen explains.

There have also been moves abroad and in Australia to more tightly regulate cryptocurrencies in a similar way to more traditional financial products.

When FTX collapsed, mum and dad investors in Australia who sunk their self-managed superannuation funds into crypto via firms that dealt with FTX found themselves with little recourse.

Regulators, such as the Australian Securities and Investments Commission (ASIC),have long been warning people that this new-age style of investment is a "wild west".

Last month, the federal government put out a proposal paper recommending that crypto exchanges and platforms be subject to existing financial services laws.

Amongst other changes, that would require exchanges to have Australian Financial Services Licences (AFSL) to operate.

Cryptocurrency initially came about as a decentralised alternative to currencies, such asthe Australian dollar,that are tied to nation statesand regulators.

Diehards still question whether regulation is the right route, because it would mean more intervention.

But those hoping it becomes entrenched in traditional financial markets are welcoming regulation, including Australian fund Digital X.

Its chief executive describes Bitcoin as like any other asset, because it can "store wealth, be exchanged, and traded for credit".

"Not all crypto is created equally. That's why we filter our portfolio from 19,000 down to five, six or seven," Ms Wadesays.

Digital X, which already has an AFSL, doesn't recommend people put more than 5 per cent of their portfolio into this asset class.

Its fund is still underperforming by around 35 per cent.

"It's certainly not for the faint hearted. We wouldn't recommend anybody bet their house on Bitcoin," Ms Wade adds.

As regulation looms, sceptics still dispute crypto's fundamental legitimacy.

"It's a classic speculative bubble," the University of Canberra's John Hawkins says.

He argues that unlike property investment where you get a house that you can live in or rent out, or stocks that are tied to a company which might produce profits cryptocurrencies have no inherent income-generating asset behind them.

"So when people get jittery, the market crashes," he argues.

"It is all based on rumour, and people's hope and people's greed."

He believes the federal government will have a hard time implementing any flagged laws.

"It's all happening in the ether, not in Australia. So it's a difficult task to regulate," he explains.

"Don't gamble money you cant afford to lose is always good advice."

That is also what Mark Grubski now tells others, after buying at the peak taught him a lesson.

After the crash and the partialrebound, the retiree is taking a non-emotional approach to cryptocurrency. He has kept his money in it since the market dived.

"I had to go through the bottom of it, and then we'll see what's going to happen at the top," Mark says.

"It is a good investment. A very, very long-term investment.

"At the moment, I want to make a little bit quicker money and then for the long term buy Bitcoin at the next dip because now I know how to do it.

"In my mind, crypto is giving me that opportunity of still being retired but be actively involved in something tangible.

"I treat it as a legacy that I want to leave for my grandchildren and children."

Originally posted here:
Why have cryptocurrency values rebounded recently and can they get back to previous peaks? - ABC News

Read More..

Cryptocurrency scam worth 2,500 crore uncovered in Indian … – Investing.com

Investing.com|EditorAmbhini Aishwarya

Published Nov 07, 2023 05:40AM ET

The Special Investigation Team (SIT) led by Deputy Inspector General of Police Abhishek Dhullar has been probing a massive 2,500-crore (INR100 crore = approx. USD12 million) counterfeit cryptocurrency scam in the northern Indian province of Himachal Pradesh. The fraudulent scheme centers around a fictitious digital currency named 'Korvio Coin'.

The fraudsters targeted individuals who had received compensation from infrastructure projects, enticing them to invest their funds into the scheme. High-performing agents were rewarded with costly foreign trips, amounting to 3.5 crore for approximately 2,000 trips.

The scam impacted around one lakh investors, including a significant number of government employees. The fraudsters manipulated 'Korvio Coin' prices using fake websites to deceive the investors.

In connection with this case, 18 people have been apprehended so far. Among those arrested are individuals who created chains of investors and profited over 2 crore from the scheme. Some police personnel involved in the scam have opted for voluntary retirement after making substantial gains.

The investigation has now turned its focus towards those who reaped substantial profits from the scam. However, the mastermind behind the operation, identified as Subash, remains at large.

The Himachal Pradesh Police is coordinating with central and financial agencies as well as other state police forces to take action under the BUDS Act, 2019, which carries a penalty of ten years imprisonment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read market moving news with a personalized feed of stocks you care about.

Get The App

Written By: Investing.com

Go here to see the original:
Cryptocurrency scam worth 2,500 crore uncovered in Indian ... - Investing.com

Read More..