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Blockchain and energy trading: Disrupting the power sector with decentralised systems – The Financial Express

By Simarpreet Singh

Since the advent of new technological advancements, both individuals and organizations have been profoundly impacted, resulting in a significant shift in their everyday operations. Amongst other high-end technologies, blockchain has certainly raised the bar high, spurring growth and transformation. The worldwide blockchain technology industry was valued at $11.14 billion in 2022 and is expected to increase from $17.57 billion in 2023 to $469.49 billion by 2030, with APAC areas dominating the growth, according to a study by Fortune Business Insights.

With improved security, better transparency, instant traceability, higher efficiency, and speed, blockchain technology is currently being welcomed by a wide range of industries with energy being no stranger to it. A promising option, blockchain offers the power sector a decentralized, secure, transparent, and dependable platform, essential to meet the needs of future power systems while addressing the constraints of existing models.

Replacing conventional centralized systems and eliminating transactional errors, blockchain technology has transformed the energy trading process. Redefining speed, cost efficiency, and transaction reliability, this cutting-edge technology has certainly streamlined energy trading.

Energy trading and blockchain

The process of energy trading has undergone a radical change, thanks to blockchain technology. Eliminating the need for intermediaries and guaranteeing greater transparency, this high-end technological breakthrough has substantially expedited the trading process by carrying out smart contracts on digital platforms. Additionally, peer-to-peer energy trading powered by blockchain has created a mutually beneficial transaction system by allowing individuals to directly offer their excess renewable energy to nearby consumers.

The days of centralized models with set energy pricing being ideal for reliable power sources are long gone. Since the introduction of renewable energy sources, centralized systems have lost their relevance since these sources disrupt such systems by delivering highly erratic power output in unforeseen spurts from faraway areas.

Addressing the challenges, peer-to-peer power trading came into being, which perfectly complements the decentralized energy model that makes use of blockchain technology to keep track of the underlying financial activities. By shifting from centralized to decentralized energy distribution paradigms, renewables can be seamlessly integrated into energy grids. Power traders can conduct the trading on mutually agreed prices and transact specific amounts of power at mutually agreed-upon times and locations. As a result, demand spikes and cutbacks can be effectively managed, pricing can be optimized, and the move to environmentally friendly energy can be accelerated.

Key advantages

Seamless trading: In contrast to traditional trading systems that required intermediaries and complicated settlement procedures, peer-to-peer trade facilitated by blockchain fosters direct engagement, removing middlemen and the possibility of errors. In addition, this cutting-edge technology encourages speedier transactions between manufacturers and consumers, which in turn encourages cost-efficiency.

Top-tier security: Ensuring integrity and privacy of every transaction, blockchain protects data using cutting-edge cryptographic methods. By reducing the dangers of cyber attacks, unauthorized access, and data manipulation, blockchain enables both producers and consumers to enjoy transparency and safety across the whole energy trading process.

Automated processes: Blockchain-based smart contracts simplify contract processes in energy trade, guaranteeing that payments and energy supplies are only carried out when certain requirements are met. Human errors, delays, and the possibility of conflicts are greatly reduced by self-executing agreements with established criteria that are supported by blockchain technology.

Improved transparency: Guaranteeing accuracy and greater visibility, blockchain transparently records every transaction. As a result, regulators and other interested parties can get true and accurate information about energy production, distribution, and consumption.

Grid Management: Blockchain technology enables decentralized energy generation, storage, and distribution by making it easier to integrate distributed energy resources like solar panels and batteries into an energy grid. In turn, this improves load management, grid stability, and energy efficiency, making energy trading an effortless process. Additionally, the open and verifiable data records on the blockchain enable authorized people to access real-time power grid data, streamlining grid operations and improving energy flows between generators and consumers.

All things considered

The advent of blockchain technology has proved to be no less than a blessing for various industries, including the power sector. Transforming numerous facets of the energy industry, including energy trade, management, preservation, and safety, blockchain technology has brought a multitude of benefits that go beyond conventional systems.

Fostering transparency, functionality, and sustainability, blockchain has certainly transformed the energy trading landscape. Further, as technology advances and novel innovations come to the fore, blockchain is expected to grow more sophisticated, positively influencing its use in energy trade and assuring a more secure, flexible, and reasonable power ecosystem in the near future.

The author is director and CEO, Hartek Group

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ICP Price Analysis as Internet Computer Canisters and blocks rises – BanklessTimes

Internet Computers ICP coin price has made a strong recovery in the past few weeks. After bottoming at $2.82 earlier this month, the coin has jumped to almost $4.5. It has jumped by more than 41% from and now sits at the highest level since August 15th of this year.

Internet Computer is a unique blockchain project that was started at the height of the crypto bull run in 2021. Its uniqueness lies in the fact that it provides an entire software package that enables developers to build quality software entirely on the blockchain.

Internet Computer is significantly different from other popular blockchains like Solana, Ethereum, and Polkadot. These networks provide a smart contract solution while Internet Computer provides both smart contracts and a software package.

As a result, Internet Computer has been used to build real Web3 solutions that are fully decentralized. Its website is fully decentralized and uses canister software. It has also been used to build dApps in industries like finance, social media, gaming, and the metaverse.

For example, Dmail is an email platform that is hosted entirely in the on-chain while Funded is a platform for crowdfunding. Other top dApps in its ecosystem are OpenChat, Hot or Not, and Sonic.

Read more: How to buy Internet Computers ICP..

ICP, Internet Computers token, has done well in the past few days. This rally is mostly hecause of the overall cryptocurrency rebound, which was triggered by the rising hopes that the SEC will approve a Bitcoin ETF.

ICP has also jumped because of important developments in its ecosystem. For example, on-chain data shows that the number of blocks jumped to over 2.5 billion on Friday.

They have now jumped to 2.511 billion tokens on Monday, signaling that the ecosystem is doing well. Also, the number of dApps or canisters in the ecosystem have jumped to over 343,600, up from Januarys 233k.

The daily chart shows that the ICP crypto price bottomed at $2.82 earlier this month. It has now bounced back and retested the 200-day exponential moving average (EMA). The coin is also approaching the important resistance level at $4.565, the highest point in July and the lowest point in March this year.

Therefore, the coin will likely continue rising as buyers target the resistance at $4.56. A break above that level will open the possibility of ICP token jumping to the psychological level at $5.0.

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ICP Price Analysis as Internet Computer Canisters and blocks rises - BanklessTimes

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60% of Cryptocurrency Holders Unfazed by Lack of Regulation – BanklessTimes

Crypto has gained so much traction since its inception due to its decentralized nature and lack of regulations. The "peer-to-peer" financial system came as a suitable solution for investors looking to escape the control and hold of centralized financial institutions.

According to BanklessTimes.com, 60% of crypto holders are not worried by the absence of proper regulations.

The site's financial analyst, Alice Leetham, comments:

The absence of regulations has contributed significantly to the spiraling crypto fraud and cyber crimes. Not to mention, the use of crypto in funding illicit activities has quickly augmented. However, most crypto users are indifferent about the need for better regulations. Still, many governments are on the march to enact laws and control crypto trading. Enforcing stringent rules and supervision may help address many more concerns in the crypto space.

For some investors, crypto is still a better alternative to centralized solutions.

According to the latest data, about 34% of crypto investors consider Blockchain trading easier than conventional investments. Plus, about 42% of investors find it easier to work on crypto investments online. Crypto trading provides convenience and ease, maintaining investors on its side.

Despite the unprecedented changes in the crypto bear market, cryptocurrency is still considered a legitimate form of investment. Understanding the market will help to avoid high losses and secure substantial profits. Investors are learning of this and becoming more careful as they trade while keeping the risks in mind.

While decentralization is not a structural flaw per se, it introduces new risks and validates arguments to crypto users.

Decentralization is a distinct trait of crypto assets; It's practically the pillar behind Blockchain technology. Of course, it comes with its fair share of advantages and disadvantages.

Some of the cons include the total loss of funds. It's difficult to retrieve your funds in case of any wrong transactions. Plus, once you lose your online key, you may not get access to your crypto wallet or assets again.

Besides, decentralized systems call for smart contracts between crypto partners. However, smart contract vulnerabilities have contributed to multiple losses for crypto holders. From Q123 to Q223, the DeFi space lost about $735 million due to a simple exposure that was taken advantage of by hackers.

Ideally, working on the proper regulations will serve as a catalyst for a more secure and stable crypto community. Investors will have to join hands with the respective global councils to develop suitable protocols that will promote crypto businesses worldwide.

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60% of Cryptocurrency Holders Unfazed by Lack of Regulation - BanklessTimes

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Chainlink Proof Of Reserve Now Active For Backeds Tokenized Real-World Assets | Crowdfund Insider – Crowdfund Insider

Backed is pleased to announce that they have integrated Chainlink Proof of Reserve (PoR).

This development provides users with a transparent and trust-minimized means to confirm the collateralization of our tokenized assets.

Backeds implementation represents a significant step forward in how users can gain assurance that their assets are appropriately collateralized.

PoR introduces a way for users to independently verify the adequacy of collateral reserves on-chain at any time. This is crucial for maintaining the integrity of tokenized assets.

As explained in a blog post, heres how the proof of reserves solution works:

Adam Levi, Co-founder, said:

When we first set up Backed, we knew how important it would be to have verifiable, on-chain, transparent data that proved our assets were fully collateralized. Integrating Chainlink Proof of Reserve is a major milestone in achieving the companys goal of creating products that are verifiably backed 1:1 and fully composable.

According to the update, proof of reserves is important, because:

Proving legitimate asset collateralization has never been more important. We want to be trusted through transparency, providing independently verified data that is consistently updated and available on-chain. By providing this data, users can be confident that the amount of bTokens will be equal to the amount of the underlying asset held.

Chainlink PoR provides smart contracts with the data needed to calculate the true collateralization of any on-chain asset backed by off-chain reserves.

Operated by a decentralized network of oracles, Chainlink Proof of Reserve enables the autonomous verification of collateral in real-time, helping ensure user funds are protected from unforeseen fractional reserve practices or fraudulent activity.

Rather than forcing users to trust paper guarantees, Chainlink PoR is deployed for automated on-chain verification that gives users a superior guarantee of an assets underlying collateralization and generates a higher degree of transparency around asset collateralization.

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Chainlink Proof Of Reserve Now Active For Backeds Tokenized Real-World Assets | Crowdfund Insider - Crowdfund Insider

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Bitcoin Mining vs. Ethereum Mining: Finding Your Path to Profits – Baltic Times

In the rapidly expanding world of cryptocurrency, Bitcoin and Ethereum have emerged as two of the most popular and valuable digital currencies. As individuals and investors seek opportunities to enter the crypto market, mining remains a lucrative avenue for potential profits. This article explores the key differences between Bitcoin mining and Ethereum mining, shedding light on their respective processes, rewards, and challenges. Whether you're a seasoned crypto enthusiast or a newcomer, understanding these distinctions will help you find your path to profits. For better insight you can visit https://bit-qt.app/.

The Rise of Cryptocurrency

The advent of cryptocurrencies brought about a revolution in the financial landscape, disrupting traditional monetary systems and offering innovative decentralized alternatives. Among the numerous platforms that facilitate online trading of cryptocurrencies. Aspiring miners can use this platform to enter the crypto market and explore the opportunities presented by Bitcoin and Ethereum mining.

The Pioneering Bitcoin Mining

Bitcoin, the pioneering digital currency created by the pseudonymous Satoshi Nakamoto, has captured the attention of the world since its introduction in 2009. Bitcoin mining is the process by which new bitcoins are created and transactions are added to the blockchain. Miners use powerful computer hardware to solve complex mathematical puzzles, and the first one to solve the puzzle gets the right to add a new block to the blockchain and is rewarded with bitcoins.

The Challenge of Bitcoin Mining Difficulty

Over the years, Bitcoin mining has become increasingly competitive and challenging. The Bitcoin network is designed to adjust the mining difficulty level approximately every two weeks to ensure that new blocks are added at a consistent rate. As more miners join the network, the difficulty increases, making it harder to mine new bitcoins. As a result, miners now require specialized, high-performance mining rigs to remain profitable.

Ethereum Mining: Beyond Digital Currency

In contrast to Bitcoin's primary focus as a digital currency, Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). Ethereum mining is essential for processing transactions and securing the Ethereum network. Miners use graphics processing units (GPUs) to solve cryptographic puzzles, and those who succeed in solving them add new blocks to the Ethereum blockchain and are rewarded with Ether (ETH), the native cryptocurrency of the platform.

The Ethereum Mining Reward System

Ethereum's mining reward system differs from Bitcoin's in several ways. Unlike Bitcoin, Ethereum has not implemented a hard cap on its total supply, meaning that new Ether coins are continually being created through mining. However, Ethereum has proposed a shift from the current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), where miners are replaced by validators who secure the network by staking their Ether.

Energy Consumption: Bitcoin vs. Ethereum

One of the critical concerns surrounding cryptocurrency mining is its energy consumption. Both Bitcoin and Ethereum mining are energy-intensive processes due to the computational power required to solve the cryptographic puzzles. However, Bitcoin's PoW algorithm, known as SHA-256, demands more power compared to Ethereum's current Ethash algorithm. The proposed shift to PoS in Ethereum is expected to significantly reduce its energy consumption.

Diversification or Specialization: Choosing Your Mining Path

When considering entering the mining space, individuals must decide whether to focus on Bitcoin mining, Ethereum mining, or both. Bitcoin's long-standing position as the leading cryptocurrency and its widespread adoption make it a relatively stable choice for miners. On the other hand, Ethereum's potential shift to PoS and its versatile platform for DApps offer unique opportunities for those looking to diversify their crypto mining ventures.

Pool Mining vs. Solo Mining

Another crucial decision for miners is whether to join a mining pool or opt for solo mining. Pool mining involves combining computational resources with other miners to increase the chances of successfully mining a block. While this leads to more frequent but smaller rewards, solo mining offers the potential for higher individual rewards but with a lower probability of success.

The Future of Mining: Staying Profitable in a Changing Landscape

As the cryptocurrency landscape continues to evolve, staying profitable in mining requires adaptability and staying informed about industry developments. Monitoring changes in mining difficulty, keeping an eye on energy costs, and understanding the implications of proposed upgrades like Ethereum's shift to PoS are vital for miners looking to make informed decisions.

Embracing the Journey: Bitcoin and Ethereum Mining

In conclusion, Bitcoin mining and Ethereum mining present distinct paths to potential profits in the world of cryptocurrencies. While Bitcoin remains the gold standard and a stable choice for miners, Ethereum offers exciting possibilities with its shift to PoS and a versatile platform for DApps. Whichever path miners choose, leveraging reputable online trading platforms like Crypto Loophole can provide a solid foundation for exploring the exciting world of crypto mining. Embracing the journey with the right knowledge, tools, and determination will undoubtedly lead to rewarding experiences in the ever-evolving crypto market.

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AI systems favor sycophancy over truthful answers, says new report – CoinGeek

Researchers from Anthropic AI have uncovered traits of sycophancy in popular artificial intelligence (AI) models, demonstrating a tendency to generate answers based on the users desires rather than the truth.

According to the study exploring the psychology of large language models (LLMs), both human and machine learning models have been shown to exhibit the trait. The researchers say the problem stems from using reinforcement learning from human feedback (RLHF), a technique deployed in training AI chatbots.

Specifically, we demonstrate that these AI assistants frequently wrongly admit mistakes when questioned by the user, give predictably biased feedback, and mimic errors made by the user, read the report. The consistency of these empirical findings suggests sycophancy may indeed be a property of the way RLHF models are trained.

Anthropic AI researchers reached their conclusions from a study of five leading LLMs, exploring generated answers from the models to gauge the extent of sycophancy. Per the study, all the LLM produced convincingly-written sycophantic responses over correct ones a non-negligible fraction of the time.

For example, the researchers incorrectly prompted chatbots that the sun appears yellow when viewed from space. In reality, the sun appears white in space, but the AI models hallucinated an incorrect response.

Even in cases where models generate the correct answers, researchers noted that a disagreement with the response is enough to trigger models to change their responses to reflect sycophancy.

Anthropics research did not solve to the problem but suggested developing new training models for LLMs that do not require human feedback. Several leading generative AI models like OpenAIs ChatGPT or Googles (NASDAQ: GOOGL) Bard rely on RLHF for their development, casting doubt on the integrity of their responses.

During Bards launch in February, the product made a gaffe over the satellite that took the first pictures outside the solar system, wiping off $100 billion from Alphabet Incs (NASDAQ: GOOGL) market value.

AI is far from perfect

Apart from Bards gaffe, researchers have unearthed a number of errors stemming from the use of generative AI tools. The challenges identified by the researchers include streaks of bias and hallucinations when LLMs perceive nonexistent patterns.

Researchers pointed out that the success rates of ChatGPT in spotting vulnerabilities in Web3 smart contracts plummeted significantly over time. Meanwhile, OpenAI shut down its tool for detecting AI-generated texts over its significantly low rate of accuracy in July as it grappled with the concerns of AI superintelligence.

Watch: AI truly is not generative, its synthetic

New to blockchain? Check out CoinGeeks Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.

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This week in AI: Can we trust DeepMind to be ethical? – TechCrunch

Image Credits: Google DeepMind

Keeping up with an industry as fast-moving asAIis a tall order. So until an AI can do it for you, heres a handy roundup of recent stories in the world of machine learning, along with notable research and experiments we didnt cover on their own.

This week in AI, DeepMind, the Google-owned AI R&D lab, released a paper proposing a framework for evaluating the societal and ethical risks of AI systems.

The timing of the paper which calls for varying levels of involvement from AI developers, app developers and broader public stakeholders in evaluating and auditing AI isnt accidental.

Next week is the AI Safety Summit, a U.K.-government-sponsored event thatll bring together international governments, leading AI companies, civil society groups and experts in research to focus on how best to manage risks from the most recent advances in AI, including generative AI (e.g. ChatGPT, Stable Diffusion and so on). There, the U.K. is planning to introduce a global advisory group on AI loosely modeled on the U.N.s Intergovernmental Panel on Climate Change, comprising a rotating cast of academics who will write regular reports on cutting-edge developments in AI and their associated dangers.

DeepMind is airing its perspective, very visibly, ahead of on-the-ground policy talks at the two-day summit. And, to give credit where its due, the research lab makes a few reasonable (if obvious) points, such as calling for approaches to examine AI systems at the point of human interaction and the ways in which these systems might be used and embedded in society.

But in weighing DeepMinds proposals, its informative to look at how the labs parent company, Google, scores in a recent study released by Stanford researchers that ranks 10 major AI models on how openly they operate.

Rated on 100 criteria, including whether its maker disclosed the sources of its training data, information about the hardware it used, the labor involved in training and other details, PaLM 2, one of Googles flagship text-analyzing AI models, scores a measly 40%.

Now, DeepMind didnt develop PaLM 2 at least not directly. But the lab hasnt historically been consistently transparent about its own models, and the fact that its parent company falls short on key transparency measures suggests that theres not much top-down pressure for DeepMind to do better.

On the other hand, in addition to its public musings about policy, DeepMind appears to be taking steps to change the perception that its tight-lipped about its models architectures and inner workings. The lab, along with OpenAI and Anthropic, committed several months ago to providing the U.K. government early or priority access to its AI models to support research into evaluation and safety.

The question is, is this merely performative? No one would accuse DeepMind of philanthropy, after all the lab rakes in hundreds of millions of dollars in revenue each year, mainly by licensing its work internally to Google teams.

Perhaps the labs next big ethics test is Gemini, its forthcoming AI chatbot, which DeepMind CEO Demis Hassabis has repeatedly promised will rival OpenAIs ChatGPT in its capabilities. Should DeepMind wish to be taken seriously on the AI ethics front, itll have to fully and thoroughly detail Geminis weaknesses and limitations not just its strengths. Well certainly be watching closely to see how things play out over the coming months.

Here are some other AI stories of note from the past few days:

Machine learning models are constantly leading to advances in the biological sciences. AlphaFold and RoseTTAFold were examples of how a stubborn problem (protein folding) could be, in effect, trivialized by the right AI model. Now David Baker (creator of the latter model) and his labmates have expanded the prediction process to include more than just the structure of the relevant chains of amino acids. After all, proteins exist in a soup of other molecules and atoms, and predicting how theyll interact with stray compounds or elements in the body is essential to understanding their actual shape and activity. RoseTTAFold All-Atom is a big step forward for simulating biological systems.

Having a visual AI enhance lab work or act as a learning tool is also a great opportunity. The SmartEM project from MIT and Harvard put a computer vision system and ML control system inside a scanning electron microscope, which together drive the device to examine a specimen intelligently. It can avoid areas of low importance, focus on interesting or clear ones, and do smart labeling of the resulting image as well.

Using AI and other high tech tools for archaeological purposes never gets old (if you will) for me. Whether its lidar revealing Mayan cities and highways or filling in the gaps of incomplete ancient Greek texts, its always cool to see. And this reconstruction of a scroll thought destroyed in the volcanic eruption that leveled Pompeii is one of the most impressive yet.

University of Nebraska-Lincoln CS student Luke Farritor trained a machine learning model to amplify the subtle patterns on scans of the charred, rolled-up papyrus that are invisible to the naked eye. His was one of many methods being attempted in an international challenge to read the scrolls, and it could be refined to perform valuable academic work. Lots more info at Nature here. What was in the scroll, you ask? So far, just the word purple but even that has the papyrologists losing their minds.

Another academic victory for AI is in this system for vetting and suggesting citations on Wikipedia. Of course, the AI doesnt know what is true or factual, but it can gather from context what a high-quality Wikipedia article and citation looks like, and scrape the site and web for alternatives. No one is suggesting we let the robots run the famously user-driven online encyclopedia, but it could help shore up articles for which citations are lacking or editors are unsure.

Language models can be fine-tuned on many topics, and higher math is surprisingly one of them. Llemma is a new open model trained on mathematical proofs and papers that can solve fairly complex problems. Its not the first Google Researchs Minerva is working on similar capabilities but its success on similar problem sets and improved efficiency show that open models (for whatever the term is worth) are competitive in this space. Its not desirable that certain types of AI should be dominated by private models, so replication of their capabilities in the open is valuable even if it doesnt break new ground.

Troublingly, Meta is progressing in its own academic work toward reading minds but as with most studies in this area, the way its presented rather oversells the process. In a paper called Brain decoding: Toward real-time reconstruction of visual perception, it may seem a bit like theyre straight up reading minds.

But its a little more indirect than that. By studying what a high-frequency brain scan looks like when people are looking at images of certain things, like horses or airplanes, the researchers are able to then perform reconstructions in near real time of what they think the person is thinking of or looking at. Still, it seems likely that generative AI has a part to play here in how it can create a visual expression of something even if it doesnt correspond directly to scans.

Should we be using AI to read peoples minds, though, if it ever becomes possible? Ask DeepMind see above.

Last up, a project at LAION thats more aspirational than concrete right now, but laudable all the same. Multilingual Contrastive Learning for Audio Representation Acquisition, or CLARA, aims to give language models a better understanding of the nuances of human speech. You know how you can pick up on sarcasm or a fib from sub-verbal signals like tone or pronunciation? Machines are pretty bad at that, which is bad news for any human-AI interaction. CLARA uses a library of audio and text in multiple languages to identify some emotional states and other non-verbal speech understanding cues.

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This week in AI: Can we trust DeepMind to be ethical? - TechCrunch

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Google lays foundation of next-stage AI with Gemini LLM – CIO Dive

Dive Brief:

Google was an early incumbent to enter the race to embed generative AI into core tools and services. As more providers launched their own capabilities, simply offering generative AI stopped being innovative. Its expected.

Its almost irresponsible for a vendor not to have AI in their literature somewhere or theyre irrelevant all of the sudden, said Greg Myers, operating partner at investment firm Cota Capital, speaking Tuesday during the Dell Technologies Forum in Washington, D.C.

Enterprises are in search of the best of the best when it comes to tooling, but are taking different approaches to get there. Some are leaning on their existing cloud providers, drawn by the comfort of familiarity. Others are deploying crowdsourcing methods to empower employees, while another portion is waiting for the cream to rise to the top.

Google expects its array of solutions to win over customers as competition mounts. Currently, more than half of all the funded generative AI startups are Google Cloud customers, including AI21 Labs, Contextual, Elemental Cognition and Rytr, according to Pichai.

I view it as a journey, and each generation is going to be better than the other, Pichai said. We are definitely investing and the early results are very promising.

The companys CapEx costs increased in Q3, reaching $8 billion from $6.9 billion in the previous quarter. The growth was driven overwhelmingly by Googles technical infrastructure enhancements to support compute-heavy AI workloads, CFO Ruth Porat said. Upgrading infrastructure in preparation for increased adoption of generative AI is a trend across the cloud hyperscalers, including AWS, Microsoft Azure and Oracle.

We remain committed to durably re-engineering our cost base in order to help create capacity for these investments in support of long-term sustainable financial value, Pichai said. Across Alphabet, teams are looking at ways to operate as effectively as possible, focused on their biggest priorities.

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The UK Lists Top Nightmare AI Scenarios Ahead of Its Big Tech … – WIRED

Deadly bioweapons, automated cybersecurity attacks, powerful AI models escaping human control. Those are just some of the potential threats posed by artificial intelligence, according to a new UK government report. It was released to help set the agenda for an international summit on AI safety to be hosted by the UK next week. The report was compiled with input from leading AI companies such as Googles DeepMind unit and multiple UK government departments, including intelligence agencies.

Joe White, the UKs technology envoy to the US, says the summit provides an opportunity to bring countries and leading AI companies together to better understand the risks posed by the technology. Managing the potential downsides of algorithms will require old-fashioned organic collaboration, says White, who helped plan next weeks summit. These arent machine-to-human challenges, White says. These are human-to-human challenges.

UK prime minister Rishi Sunak will make a speech tomorrow about how, while AI opens up opportunities to advance humanity, its important to be honest about the new risks it creates for future generations.

The UKs AI Safety Summit will take place on November 1 and 2 and will mostly focus on the ways people can misuse or lose control of advanced forms of AI. Some AI experts and executives in the UK have criticized the events focus, saying the government should prioritize more near-term concerns, such as helping the UK compete with global AI leaders like the US and China.

Some AI experts have warned that a recent uptick in discussion about far-off AI scenarios, including the possibility of human extinction, could distract regulators and the public from more immediate problems, such as biased algorithms or AI technology strengthening already dominant companies.

The UK report released today considers the national security implications of large language models, the AI technology behind ChatGPT. White says UK intelligence agencies are working with the Frontier AI Task Force, a UK government expert group, to explore scenarios like what could happen if bad actors combined a large language model with secret government documents. One doomy possibility discussed in the report suggests a large language model that accelerates scientific discovery could also boost projects trying to create biological weapons.

This July, Dario Amodei, CEO of AI startup Anthropic, told members of the US Senate that within the next two or three years it could be possible for a language model to suggest how to carry out large-scale biological weapons attacks. But White says the report is a high-level document that is not intended to serve as a shopping list of all the bad things that can be done.

The UK report also discusses how AI could escape human control. If people become used to handing over important decisions to algorithms it becomes increasingly difficult for humans to take control back, the report says. But the likelihood of these risks remains controversial, with many experts thinking the likelihood is very low and some arguing a focus on risk distracts from present harms.

In addition to government agencies, the report released today was reviewed by a panel including policy and ethics experts from Googles DeepMind AI lab, which began as a London AI startup and was acquired by the search company in 2014, and Hugging Face, a startup developing open source AI software.

Yoshua Bengio, one of three godfathers of AI who won the highest award in computing, the Turing Award, for machine-learning techniques central to the current AI boom was also consulted. Bengio recently said his optimism about the technology he helped foster has soured and that a new humanity defense organization is needed to help keep AI in check.

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The UK Lists Top Nightmare AI Scenarios Ahead of Its Big Tech ... - WIRED

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‘Boetie Boer’: a deep dive into the terrifying mind of a monster – Daily Maverick

And you thought Devilsdorp was disturbing Stewart Boetie Boer Wilken is a South African serial killer who was active in Port Elizabeth (now Gqeberha) during the 1990s. In February 1998, he was convicted on seven counts of murder (and two of sodomy, a few weeks before gay sex was legalised in South Africa) but admitted to numerous more murders in his written confession.

This Showmax Original true-crime series is the most frightening to date.Director Jasyn Howes interviews the detectives and forensic psychoanalysts involved in Wilkins capture, one of the victims family, and most alarmingly, the series takes us back to 1990 recreating Wilkins killing spree based on a recorded interview with the murderer himself from his prison cell.

The interview took place in 2006 with Dr Grard Labuschagne, the former section head of the Investigative Psychology Section of the South African Police Services, who also features in the series.

Labuschagne gave us his recording of just over three hours of Wilken sharing, in his own words, everything hed done, says Howes.

Wilken had been in prison for eight years at the time of that interview, and was already sentenced to life behind bars, so he had no obvious reason to hide anything.

It should go without saying that a documentary with re-enacted crimes and first-person accounts of a ruthless serial killer will disturb some people, but best to say it anyway: things get evil very quickly this is not an easy watch.

Dont think because you make it through the first episode without nightmares that youll handle the rest. It only gets more intense as Wilkins reveals how his fiendish crimes escalated. Murder, rape paedophilia, necrophilia, bestiality, suicide, cannibalism, incest you name it, this story has it all.

Even if you are over 18 and a fan of true-crime documentaries, we strongly advise viewer discretion, says Allan Sperling, executive head of content at Showmax.

There have been a lot of conversations recently about the dangers of glamorising true crime in pop culture. When production houses leverage audiences fascination (some would say morbid fascination) with murder to profit off of real-life horrors, this can re-traumatise victims and potentially even inspire copycat criminals.

In 2022, Netflix came under fire for creating a series called Monster: The Jeffrey Dahmer Story, fictionalising the crimes of a real serial killer without consulting the families of the victims he brutally murdered. Even crime documentaries may hinder the pursuit of justice in some cases. Howes has made a concerted effort to avoid sensationalism and ethical pitfalls. Each episode is bookended by disclaimers indicating his awareness of these debates and stating his position on them. Episodes start with the text:

The documentary aims to shed light on the chilling complexity of human actions and the pursuit of justice and not to glorify crime, and end with Reasonable efforts were made to contact the families of the victims of Stewart Wilkens crimes.

The subtitle of this series speaks directly to the reason true crime is so popular many people are extremely curious about how someone can do such terrible things, and what made them that way. These were the questions clinical psychologist Gerard Labuschagne sought to answer when he interviewed Wilken in 2006, to aid in profiling serial killers in general.

This pursuit is plagued by confirmation bias. Because the prospect of understanding criminals better is one of the strong appeals of true crime, serial killer documentaries tend to fixate on causality. If Wilken says it was his being bullied as a child that caused him to become a murderer, the filmmakers seem keen to believe him because it benefits their storytelling. But, as Labuschagne hints in the series, its possible that this explanation is just an attempt to justify his unjustifiable actions by attributing them to his sob story.

Clinical psychologist Giada Del Fabbro builds on this theory in the series,quoting psychological theorist, William Fairburn who said A child would rather be the devil in a world where god existed than have no god whatsoever. Its a compelling notion, and yet loads of people are bullied or abused and still dont grow up to become serial killers, so its problematic to latch onto this explanation.

The truth is that we can never truly get inside the mind of a monster. That is not to say that we shouldnt try, for the purpose of spotting people from becoming criminals, but we should be careful about jumping to conclusions about how minds work just because it aligns with the way we understand the world.

A snippet of Labuschagnes interview in the series distils what makes serial killers such a frightening idea its not that theyre so different from the rest of us, its actually that theyre so similar:

When you meet these people, you only know them through the context of the crimes theyve committed, so whenever you do meet them its not what you expect. 99.9 per cent of the time theyre doing the same things everyone else is doing.

Serial killers often take advantage of positions of trust to mask their crimes. Wilken didnt exactly have the charisma of Ted Bundy, but he was purportedly great with kids and lived in a coloured community, spoke the language and the slang, and had married a woman of colour in a time when that was very unusual for a white Afrikaans man. The mere fact that he was known by the term of endearment Boetie is an indication that there was trust in the community which he could exploit.

The 1990s in South Africa was a time of euphoria. The country was focused on Nelson Mandelas release, its first free elections, the 1995 Rugby World Cup etc. Crime reporter Brett Adkins notes in the series that these fantastic changes somewhat distracted the media from layers of evil that remained.

During apartheid, the police force had been focused on other kinds of crimes, and law enforcement was not trained in serial killing. This meant serial murder could easily be missed because it wasnt a priority. Norman Simons, the infamous Station Strangler, was only convicted in one case and was released on parole in July 2023.

It was only the urgency of SAPSs inability to detain Moses Sithole, The ABC Killer, while he was actively murdering that led them to enlist the help of an ex-FBI forensic psychologist to train them to create serial killer profiles. This training was essential in catching Wilken a few years later because he defied some of the usual profile trends.

Wilken was a highly unusual serial killer, says Howes, Unlike most serial killers, he had more than one type of victim: predominantly female sex workers and young boys, usually street children, across multiple races.

Despite committing at least seven murders, Wilken didnt receive as much coverage as youd expect, and this is generally attributed to the countrys focus on its large political changes.

Its also interesting to discover how the context of South Africa in the 90s shaped Wilkens descent into criminality personally. Wilken was a fisherman in a period when the industry was highly intertwined with drug trafficking. Drug boats would sell stimulants to fishermen to keep them working through the long hours of a haul employees would work on trips of a week or two straight and then be paid in a lump sum, meaning that low and middle-income communities would often have drug users return home loaded with cash to feed their habit. This vicious cycle exacerbated Wilkens psychopathy and aggression and spurred his first murder.

Because there was almost no video or radio archive to draw on, the series leans into recreations to bring the story to life visually. Theyre not great, and they get progressively worse. To put distance between the present and these past events, the re-enactments employ an overly theatrical technique showing the clips in slow motion, muting them, and overlaying dialogue with a reverb effect.

Coupled with a yawn-inducing eerie soundtrack, most of the re-enactment scenes have the dull vibe of a try-hard ghost story, with the exception of Raven Swarts scenes as a young Wilken, which have an appropriately spine-chilling effect.

The interview sections of the film are less sensational and more gripping. The series explores the typical themes that serial killer shows go for, like early development and the nature of psychopathy, and having all that discussed by familiar types of South African characters brings it closer to home. DM

Boetie Boer is available on Showmax. Episodes air weekly on Wednesdays.

You can contact What Were Watching via[emailprotected]

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'Boetie Boer': a deep dive into the terrifying mind of a monster - Daily Maverick

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