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This BTC indicator turns green; Bitcoin to the moon? – Finbold – Finance in Bold

Despite Bitcoin (BTC) returning to the price from before the spot exchange-traded fund (ETF) news debacle, some signs suggest that the flagship decentralized finance (DeFi) asset might still experience a strong bullish rally in the near future.

Specifically, the cryptocurrency trading expert known on X as Seth has shared an analysis of the Bitcoin price action, pointing out that the Gaussian channel has turned green, which has historically suggested it was time to HODL, as he explained on October 17.

According to the cryptocurrency market analyst, the signs are crystal clear that the Bitcoin bull market is back, those who say that this time is different are wrong, and he has optimistically urged his followers to get ready to ride the wave to the MOON!

As it happens, the Gaussian channel indicator has, indeed, turned green recently, and according to the cryptocurrency experts predictions on the chart, which goes back to 2013, Bitcoin is ready to begin its move toward the area of $120,000 or even $200,000 in the next couple of years.

As things stand, the maiden crypto asset was at press time changing hands at the price of $28,513, demonstrating an increase of 0.52% on the day, as well as a 5.41% gain across the previous seven days and an advance of 6.81% over the past month, as per the information retrieved on October 18.

Meanwhile, Bitcoins price reaction to recent fake news on spot Bitcoin ETF approval has offered an interesting insight into what could happen if (or when) this actually takes place, and Alphabets (NASDAQ: GOOGL) artificial intelligence (AI) platform Google Bard predicts a range of between $100,000 and $200,000, as Finbold reported on October 17.

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

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Bitcoin-to-Gold Ratio more than halves between 2021 and 2023 – FXStreet

The Bitcoin-to-Gold ratio has significantly decreased over the past two years, dropping from 35 in November 2021. The decline in the ratio suggests that gold has outperformed BTC but the impact of the Federal Reserve's (Fed) monetary tightening, anticipation of the upcoming Bitcoin halving and the potential approval of a spot Bitcoin ETF could change that.

The Bitcoin-to-Gold ratio, a key indicator of how much gold is needed to buy one Bitcoin, has undergone a major decline over the past two years. In November 2021, the ratio stood at 35 but in 2023, this ratio has more than halved to 15. Based on calculations by Longtermtrends, in January 2022, the ratio narrowed from 24 to 9 by year-end during the crypto bear market. In 2023, the ratio has fluctuated between 10 and 15, indicating that it now takes fewer ounces of gold to acquire a Bitcoin, signifying gold's outperformance over Bitcoin.

BTC to gold ratio

Economist Peter Schiff said in a tweet on X, "Maybe #gold traders are finally realizing that while higher #inflation is bearish for bonds, it's very bullish for gold."

A monetary policy tightening by the US central bank has sent treasury bill yields to the highest levels since 2007. When inflation is the reason for a rate hike by the Fed, gold and 'digital gold' Bitcoin tend to perform better than traditional investment vehicles. However, the narrowing of the Bitcoin-to-Gold ratio signals that gold has performed better than Bitcoin, making it a preferred safe-haven asset.

Analysts also anticipate that uncertainty arising from the Israel-Hamas war could keep Gold's prices rallying. Crypto analyst Michal van de Poppe said that Bitcoin could retest the $27,700 level but anticipates an uptick to $30,000 if Bitcoin surpasses the $28,800 mark. At the time of writing, Bitcoin is hovering under the $28,400 mark.

The impact of the Federal Reserve's decision to maintain or lower interest rates will impact Gold and Bitcoin valuation. While low interest rates are generally seen as positive for Gold because they reduce the opportunity cost of holding the yellow metal, Bitcoin's price response is dependent on more than one factor.

If the Fed's monetary policy reflects a response to economic concerns or a recession, it will likely propel Bitcoin's price higher.

However, there are factors beyond interest rates to consider. There is an impending rally to Bitcoin's halving event scheduled for April 2024. Meanwhile, the potential approval of a spot Bitcoin ETF by the first SEC deadline on January 10 will likely become a catalyst for Bitcoin. A glimpse of that was seen with recent false ETF approval reports that quickly pushed BTC up by 10%.

This means that if the Fed decides to keep the interest rate high, it creates downward pressure on Gold over time, but Bitcoin can still keep its rally based on other catalysts.

Based on a report by Forbes, markets and policymakers expect that interest rates could go down only by the end of 2024.

Geopolitics and policies also influence price movements for both assets, making the relationship complex. But, based on anticipation around the Fed's policy decision and catalysts like ETF approval and a potential halving rally, Bitcoin could slowly start recovering its performance against Gold through the next year.

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Bitcoin-to-Gold Ratio more than halves between 2021 and 2023 - FXStreet

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SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but … – Cointelegraph

On Oct. 11, Caroline Ellison, former head of the now-defunct Alameda Research, informed a United States court that she received instructions from FTX co-founder and CEO Sam SBF Bankman-Fried to sell Bitcoin (BTC) if its price remained above $20,000.

This admission came as a shock to the entire crypto industry, but the two conspiring to suppress BTCs price, versus actually doing it, are two different things.

While there are no details available regarding the size and timing of these trades, the timeframe likely falls between September and October 2022, just weeks before Alameda and FTX collapsed.

Determining whether Alameda effectively acted to suppress Bitcoins price below $20,000, as alleged by some analysts and traders, is challenging, if not impossible. Nevertheless, it is possible to assess the significance of FTXs Bitcoin holdings in comparison to other exchanges and the total trading volume.

Currently, the only reliable publicly available information pertains to the BTC wallets that previously constituted the exchanges reserves, amounting to less than 47,000 BTC by September 2022, according to Glassnode data. Its possible that Alameda Research held other addresses directly, but given the substantial debt of the trading company, its unlikely they had any liquid reserves.

One should not assume that FTX used its entire stack of Bitcoin from users since the exchange continued processing client withdrawals until its final day on Nov. 8, 2022. Moving these assets abruptly would have aroused suspicion, potentially accelerating their insolvency. Nevertheless, its worthwhile to investigate the significance of FTX volumes and holdings.

As of July 2022, FTX reported a spot Bitcoin volume of $30 billion, equivalent to $1 billion per day on average. However, relying on these numbers is not advisable, given the exchanges history of data manipulation, as demonstrated by their falsified insurance fund calculation methodology.

Assuming the sales mentioned by Ellison occurred on FTX, a 4,000-BTC order, valued at $80 million at the time, would represent only 8% of the exchanges average daily volume. Furthermore, when considering the total Bitcoin volume from major exchanges, Alamedas speculated order size becomes even more inconsequential.

According to Messaris real volume methodology, which excludes wash trading, the aggregate Bitcoin volume was below $3.5 billion per day between September and October 2022. Even if Alameda attempted to sell 25% of their 47,000 BTC holdings in a single day, that $240 million would represent only 7% of the daily volume across major exchanges.

For comparison, in April 2022, MicroStrategy announced the acquisition of 4,167 BTC at an average price of $45,714, totaling $190 million. This likely occurred in late March, with Bitcoins price increasing by 6%, from $44,580 to $47,270.

Two notable aspects of the price action during MicroStrategys acquisition stand out. First, the price dropped below $46,000 on the same day as the official announcement on April 5, 2022. More importantly, the $48,000 peak appears to correspond to the levels where MicroStrategy completed its execution, resulting in the $45,714 average price.

However, when examining the broader picture, Bitcoin was trading around $39,500 in the two weeks leading up to MicroStrategys activity and decreased to $39,500 a few weeks later. There is no reason to believe that a single entity could effectively suppress the price for longer than a week, whether its Teslaunloading $936 million worth of Bitcoin or Alameda liquidating FTX clients deposits.

To provide some context, Binance held 623,000 BTC in reserves in August 2022, while Coinbase had nearly 690,000 BTC. These two exchanges combined held almost 28 times more Bitcoin than FTX. This fact underscores the limited impact of SBF and Carolines venture in terms of effective firepower.

In essence, there may have been a few days where Alameda exerted pressure successfully, causing their sales to suppress Bitcoins price below $20,000. However, considering their reserves and the price action of similarly sized orders, the event was unlikely to be significant when analyzing a period longer than a month.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Tether transaction volume surges amid Bitcoin ETF anticipation By … – Investing.com

Investing.com|EditorMalvika Gurung

Published Oct 18, 2023 05:45AM ET

In an unprecedented event this week, the transaction volume of dominant stablecoin, Tether (USDT), soared from $12 billion to $47 billion within a day. This surge was triggered by inaccurate news of spot Bitcoin ETFs' approval, which sparked significant interest in the market.

Investors often turn to stablecoins such as Tether during periods of price instability to safeguard their capital while maintaining market involvement. The recent volume surge underscores the heightened investor interest in spot Bitcoin ETFs and points towards potential future crypto acquisitions.

Data from Santiment revealed that during this spike, the largest Tether whale wallets increased their holdings. The top 10 wallets now control a quarter of all USDT in circulation. Currently, Tether has a circulating supply of 83.6 billion USDT.

The crypto community celebrates October as 'Uptober', a month typically associated with bullish trends that also marks the inception of Tether. This year, in October 2023, Tether is set to celebrate its 9th anniversary. The recent surge in transaction volume adds another layer to Tether's significance during this month.

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Activists call out the world’s largest bitcoin polluter in Texas Week of … – Corsicana Daily Sun

Corsicana, TX Greenpeace USA will join Texans and activist groups for a week of action to combat Bitcoins exploitative and polluting practices. As the saying goes, everything is bigger in Texas and that includes energy-hungry, water-wasting Bitcoin mines. Next year, Riot Platform is set to open the world's largest Bitcoin mine in Corsicana, Texas, which would further strain Texass already stressed energy grid.

Bitcoin miners are increasingly drawn to Texas because of lenient regulations, affordable electricity, and the enhanced opportunities provided by The Electric Reliability Council of Texass (ERCOT) demand and reserve response programs. These programs pay crypto-miners andother industrial consumers for just promising to shut down if they are asked and pay more if they comply making Texas the Mecca for energy-guzzling crypto-miners who make millions from ERCOT's demand-response programs. They play Texass deregulated energy market by selling electricity back to the grid at peak times - while Texans are told to conserve energy.

The rapid growth of Bitcoin mining is already straining Texass grid and raising electricity rates for Texas consumers and businesses. This electricity consumption is also a lifeline to the fossil fuel industry at a terrible time for global efforts to tackle climate change.

Politicians in Navarro County are actively trying to keep locals in the dark about what is going on in their backyard. Activists have tried to get their local elected officials to hold a Town Hall meeting on the Bitcoin mines, but they refused.

This week of action is a critical moment to demand betterfor Texas communities and for our planet. The events are aimed at informing Navarro County residents about the Bitcoin mine

Riot Platforms is building in their community and the harm it will do to the area, including:

Using massive amounts of electricity on an already strained grid;

Using massive amounts of water, a much needed Texas resource;

Raising electricity rates;

Creating noise pollution; and

Creating a lifeline for the fossil fuel industry.

Its time for Texans to learn whats really going on. The week of action will include a Town Hall hosted by Texas Coalition Against Crypto Mining; A Greenpeace USA action held outside of what will be the largest Bitcoin mine in the world; and a media day that will be a hybrid digital and onsite event including a press conference at the MLK center to be broadcast in real-time with press in attendance.

Finally, we will close out the week with a celebration for anyone and everyone who showed up and supported the efforts these last 15 months.

Event Details:

What:A week of action against crypto mining in Texas.

Link to Week of Action Website:https://texas-coalition-against-cryptomining.mailchimpsites.com/weekofaction

Link to Facebook Event Page:https://facebook.com/events/s/tcac-week-of-action-texas-coal/675981841114321/?mibextid=RQdjqZ

10/23 Monday - Official Corsicana City Council Meetings

Who:The bimonthly city council meeting will be held both online and in person on this day. Jackie Sawicky, Founder of Texas Coalition Against Crypto Mining, will be in attendance and ask the council to respond to questions regarding the crypto mining in the City of Corsicana.

When:6 p.m., Monday, Oct. 23

Where:200 N. Twelfth St, Corsicana, TX 75110

Link:https://cityofcorsicana.com/258/City-Council

Who: The bimonthly county commissioner meeting will be held both online and in person on this day. Jackie Sawicky Founder of Texas Coalition Against Crypto Mining will be in attendance and ask the commissioner to respond to questions regarding the crypto mining in the City of Corsicana.

When:10 a.m., Monday, Oct.23

Where:300 W. Third Ave, Corsicana, TX 75110

Link to YouTube:https://www.youtube.com/@countyofnavarro-navarrocou3843

Link to Commissioners Court:https://www.co.navarro.tx.us/page/navarro.Commissioners.Court

10/24 Tuesday - Public Town Hall Meeting

Who:This event will be open to the public and media. It will address the issues that are facing local Texans around Bitcoin mining.

Speakers will include:

Moderated by Kimberlee Walter - https://kimberlee4action.com

Ed Hirs - https://uh.edu/uh-energy-innovation/uh-energy/about-uh-energy/faculty-engagement/energy-fellows/ed-hirs/index

Adrian Shelley - https://www.citizen.org/about/person/adrian-shelley/

Jackie Sawicky - Founder of Texas Coalition Against Cryptomining

When:6 p.m. to 8 p.m., Tuesday, Oct. 24

Where:The Scene on Beaton

114 S Beaton St, Corsicana, TX 75110

6 p.m. to 8 p.m.

Livestream Online:https://facebook.com/events/s/october-24-bitcoin-mine-public/961585745134938/?mibextid=RQdjqZ

10/25 Wednesday - Action at the Riot Platforms Site

Who:Activists, concerned citizens, and the media are invited to attend an action outside the Riot Platforms mining site. For more information on this event please email gsingh@greenpeace.org

When:TBD, Wednesday, Oct. 25

Where:Outside the Riot Platform Mine Site, 6980 FM 709 Corsicana TX 75110

Event Facebook Page:https://facebook.com/events/s/october-24-bitcoin-mine-public/961585745134938/?mibextid=RQdjqZ

10/26 Thursday - Day of Communications

Who:For the Day of communications on Thursday, we'll be holding a press conference at the MLK Center. We will livestream and invite reporters and journalists to come. Folks at home and work are encouraged to call and email all of their elected reps to voice their concerns with crypto mining. If you are interested in attending please contact gsingh@greenpeace.org for more information and a link to the livestream.

When:Noon to 3 p.m., Thursday, October, 26

Where:MLK Center, 1114 E. Sixth Ave., Corsicana, TX 75110

Link to Facebook Event:https://facebook.com/events/s/october-26-press-conference-da/1250383618975481/?mibextid=RQdjqZ

10/27 Friday - Celebration of Community Action

Who:The party on Friday is for anyone and everyone who showed up and supported our efforts these last 15 months.

When:6 p.m., Friday, Oct. 27

Where:Downtown Corsicana Pocket Park, 118 N. Beaton St., Corsicana, TX 75110

Link to Facebook Event:https://facebook.com/events/s/october-27-celebration-of-comm/305169302260750/?mibextid=RQdjqZ

RSVP:Please email gsingh@greenpeace.org to register.

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Can the Bitcoin Lightning Network Disrupt Media Monetization? – Decrypt

What if every time you "react" to a post with a laughing or fire emoji, you could sweeten the pot by attaching a tiny amount of Bitcoin for the content creator?

Thats the kind of thing thats possible with a range of new Lightning monetization tools unveiled today by Lightning company Mash and popular bitcoin media company Tales From the Crypt (TFTC). The company has created a plugin for content creators to accept tips and donations in Bitcoins Lightning, their goal is to chip away at media reliance on advertisements and subscriptions to monetize content creation and journalism.

The Bitcoin Lightning Network is a second-layer solution to increase Bitcoin's transaction capacity. It promises instant, low-fee transactions through off-chain channels, reducing congestion on the main blockchain.

Media companies intereted in signing up for the plugin need to join the waitlist for now. Once available, users can use the suite of new tools by pasting some code (similar to Google Analytics or the like) into the backend of their website to install the Lightning-related monetization options.

With these tools in place, users can then vote on content with their Bitcoin, donate to the website, or react to particular paragraphs in an article that stand out for themfor free or with a small Bitcoin donation attached. That way, users can converse directly with the content creators. The hope, for media companies, is that providing a new way for users to engage will keep them coming back to the website.

Source: Mash

Media companies have been getting squeezed by big-tech platforms for yearsfor traffic, and who actually earns revenue for content that is produced. And it isn't getting easier," Mash co-founder and CEO Jared Nusinoff told Decrypt. "Ad rates are declining with changes to cookies, [Apple's App Tracking Transparency] and the like. For the rare few that subscriptions work, great. But they won't for most given conversion rates, churn and the nature of user engagement,

Entrepreneurs and developers have long been trying to get the idea of small payments for content off the ground, with the Lightning Network's miniscule-sized payments suited well for this task.

Though some websites have integrated Lightninglike Stacker.news where users vote for content similar to reddit, but with Bitcoin satoshisthis method of payment hasnt taken off in the mainstream. Though Nusinoff notes that Lightning has only been mature enough to experiment properly with for a few years.

We've started to see growth with many of these early experiments, and as more companies integrate lightning, including the likes of CashApp, network effects grow and it becomes easier," Nusinoff said. "And the benefit of lightning, like the internet, is that it is an open protocol. The time couldn't be better for Mash to revolutionize media monetization, but we're still early."

Edited by Stacy Elliott.

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Is the Bitcoin market on the verge of a breakout? – Marketscreener.com

Bitcoin is known as an extremely volatile asset. This reputation, however, does not live up to the reality anymore, as BTC volatility has been declining steadily, especially in the past year.

In fact, Bitcoins 5-day volatility hit its lowest this August, when it fell below that of the S&P500, tech stocks, and gold (Bloomberg).

Trading volumes are historically low, liquidity is drying up, and the market looks disinterested overall.

What could this mean for Bitcoin?

One view is that such a situation is the new norm. As an increasing number of institutions, known for their longer investment horizons, chose some sort of Bitcoin exposure, the share of speculators is set to drop, together with volatility. This opinion implies that the possibility of a spot Bitcoin ETF approval is already priced in.

An opposing point of view is that low volatility is the calm before the storm. The markets are waiting for a breakout, and any major news could lead to massive price swings to either side. This also implies that the spot ETF possibility is yet to have an impact on the price.

The media accident that happened this Monday gave reason to the latter. As CoinTelegraph, a major crypto news outlet, retweeted fake news about the SEC approving BlackRocks Bitcoin ETF, BTC price shot up almost 10% in a matter of minutes.

The price fully corrected soon after the market players realized it was a mistake; however, it was too late for the owners of over $100 million in short positions that were liquidated.

Interestingly, after these swings, the price continued rising, settling around $28,400 at the time of writing.

Could CoinTelegraphs blooper take Bitcoin out of its slumber? It might be too early to tell, but a deeper look at the current state of the market could provide us with greater insight.

Long-term holders domination

One of the most important reasons for the low liquidity is the low number of active market participants. According to Glassnode, an on-chain analytics firm, the current market is dominated by long-term holders whose share in the total Bitcoin supply reached an all-time high of 76% last month.

The wealth distribution cycle graph shows that new investors started to appear at the beginning of the year. However, they are still relatively few, which, combined with HODLers reluctance to sell, makes for a boring market.

Short-term holders capitulation

Glassnodes data shows that a super-majority of short-term holders now find themselves in a negative position, which is a sign of potential seller exhaustion.

In September, the company broke down their cost basis, revealing that BTC price was sitting at the edge of a cluster of supply dominated by short-term holders.

Such a market structure where most short-term holders experience increasing losses may lead to a potential capitulation within this group. This, in turn, could take Bitcoin price down.

Despite this alarming graph, however, we did not notice any significant downside movement in the last month.

Written by D.Center

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Cryptocurrencies Price Prediction: Tether, Bitcoin & Ripple European Wrap 18 October – FXStreet

Tether (USDT), the largest stablecoin by market cap, experienced a surge at the start of this week, reaching a two-month high in terms of transaction volume. Tether's volume soared from $12 billion to an impressive $47 billion in just one day. The increase was due to the market fervor that occurred due to false news surrounding a spot Bitcoin ETF approval.

Tether witnessed a rise in volume with Santiment highlighting that its on-chain volume hit a two-month high. According to CoinMarketCap data, its 24-hour market volume rose from $12 billion on Sunday to a substantial $47 billion on Monday, marking a 290% increase. On Tuesday and Wednesday, the 24-hour volume remains close to $38 billion.

The crypto market has gained 0.4% over the past 24 hours. There was a fresh attempt to warm up the market with buying early Wednesday morning, but the market is avoiding acceleration in favour of a steadier rise. This is perhaps the most natural start to an uptrend, as many investors still see an opportunity to sell on the rise.

Bitcoin approached $29K again on Wednesday morning, enjoying increased demand after breaking above the 200-day moving average and the former resistance line of the ascending channel. There is now an active battle for the 200-week level, with consolidation above it at the end of the week likely to encourage further buying.

The XRP community is abuzz with speculation as Ripple's IPO rumors have resurfaced. Meanwhile, a multi-million-dollar XRP whale transaction coincides with renewed discussions about the company's potential initial public offering (IPO).

On Tuesday, an XRP whale made a move by transferring 409 million XRP tokens to an undisclosed but recently activated new wallet. The transaction, flagged by Whale Alert, occurred on October 17 and was sent from Dutch cryptocurrency exchange Bitvavo. It included a transaction fee of 20 XRP, equivalent to approximately $9.84 USD.

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On AI and the soul-stirring char siu rice – asianews.network

October 11, 2023

KUALA LUMPUR Limitations of traditional programming

Firstly, lets consider traditional computer programming.

Here, the computer acts essentially as a puppet, mimicking precisely the set of explicit human-generated instructions.

Take a point-of-sale system at a supermarket as an example: scan a box of Cheerios, and it charges $3; scan a Red Bull, its $2.50.

This robotic repetition of specific commands is probably the most familiar aspect of computers for many people.

This is akin to rote learning from a textbook, start to finish.

But this programmed obedience has limitationssimilar to how following a fixed recipe restricts culinary creativity.

Traditional programming struggles when faced with complex or extensive data.

A set recipe may create a delicious Beef Wellington, but it lacks the capacity to innovate or adapt.

Furthermore, not all data fits neatly into an A corresponds to Bmodel.

Take YouTube videos: their underlying messages cant be easily boiled down into basic algorithms.

This rigidity led to the advent of machine learning or AI,which emerged to discern patterns in data without being explicitly programmed to do so.

Remarkably, the core tenets of machine learning are not entirely new.

Groundwork was being laid as far back as the mid-20th century by pioneers like Alan Turing.

Laksa Penang + Ipoh

During my childhood, my mother saw the value in non-traditional learning methods.

She enrolled me in a memory training course that discouraged rote memorization.

Instead, the emphasis was on creating mind maps and making associative connections between different pieces of information.

Machine learning models operate on a similar principle. They generate their own sort of mind maps, condensing vast data landscapes into more easily navigated territories.

This allows them to form generalizations and adapt to new information.

For instance, if you type King Man + Woman into ChatGPT, it responds with Queen.

This demonstrates that the machine isnt just memorizing words, but understands the relationships between them.

In this case, it deconstructs King into something like royalty + man.

When you subtract man and add woman, the equation becomes royalty + woman, which matches Queen.

For a more localized twist, try typing Laksa Penang + Ipoh in ChatGPT. Youll get Hor Fun. Isnt that fun?

Knowledge graphs and cognitive processes

Machine learning fundamentally boils down to compressing a broad swath of world information into an internal architecture.

This enables machine learning to exhibit what we commonly recognize as intelligence, a mechanism strikingly similar to human cognition.

This idea of internal compression and reconstruction is not unique to machines.

For example, a common misconception is that our eyes function like high-definition cameras, capturing every detail within their view.

The reality is quite different. Just as machine learning models process fragmented data, our brains take in fragmented visual input and then reconstruct it into a more complete picture based on pre-existing knowledge.

Our brains role in filling in these perceptual gaps also makes us susceptible to optical illusions.

You might see two people of identical height appear differently depending on their surroundings.

This phenomenon stems from our brains reliance on built-in rules to complete the picture, and manipulating these rules can produce distortions.

Speaking of rule-breaking, recall the Go match between AlphaGo and Lee Sedol.

The human side was losing until Sedol executed a move that AlphaGos internal knowledge graph hadnt anticipated.

This led to several mistakes by the AI, allowing Sedol to win that round.

Here too, the core concept of data reconstruction is at play.

Beyond chess: The revolution in deep learning

The creation and optimization of knowledge graphs have always been a cornerstone of machine learning.

However, for a long time, this area remained our blind spot.

In the realm of chess, before the advent of deep learning, we leaned heavily on human experience.

We developed chess algorithms based on what we thought were optimal rules, akin to following a fixed recipe for a complex dish like Beef Wellington.

We believed our method was fool-proof.

This belief was challenged by Rich Sutton, a luminary in machine learning, in his blog post The Bitter Lesson.

According to Sutton, our tendency to assume that we have the world all figured out is inherently flawed and short-sighted.

In contrast, recent advancements in machine learning, including AlphaGo Zero and the ChatGPT youre interacting with now, adopt a more flexible, Char Siu Riceapproach.

They learn from raw data with minimal human oversight.

Sutton argues that given the continued exponential growth in computing power, evidenced by Moores Law, this method of autonomous learning is the most sustainable path forward for AI development.

While the concept of computers learning on their ownmight unnerve some people, lets demystify that notion.

Far from edging towardshuman-like self-awareness or sentience, these machines are engaging in advanced forms of data analysis and pattern recognition.

Machine learning models perform the complex dance of parsing, categorization, and linking large sets of dataakin to an expert chef intuitively knowing how to meld flavors and techniques.

These principles are now entrenched in our daily lives.

When you search for something on Google or receive video recommendations on TikTok, its these very algorithms at work.

So, instead of indulging in unwarranted fears about the future of machine learning, lets appreciate the advancements that bring both simplicity and complexity into our lives, much like a perfect bowl of Char Siu Rice.

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(Yuan-SenTinggraduated from Chong Hwa Independent High School in Kuala Lumpur before earning his degree from Harvard University in 2017. Subsequently, he washonoredwith a Hubble Fellowship from NASA in 2019, allowing him to pursue postdoctoral research at the Institute for Advanced Study in Princeton. Currently, he serves as an associate professor at the Australian National University, splitting his time between the School of Computing and the Research School of Astrophysics and Astronomy. His primary focus is onutilizingadvanced machine learning techniques for statistical inference in the realm of astronomical big data.)

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Dropbox’s web overhaul: Bridging AI and cloud storage with Dash AI … – ReadWrite

Dropbox is making moves in the cloud storage and AI sectors with its latest updates and Dash AI Studio integration. The company recently announced an overhaul of its web interface to improve user experience and workflows.

According to the companys press release, Dropboxs vision is to power the next generation of knowledge work. The companys stated goal is to create workspaces where work feels effortless. The integration of Dash AI Studio into the web interface is a significant move toward this goal. This AI-driven feature helps users in managing tasks with greater efficiency, prioritizing user-friendliness, productivity, and team collaboration.

In addition to the Dash AI integration, Dropbox has introduced improvements to existing tools like Dropbox AI and Dropbox Studio. These updates are tailored to offer users a more intuitive experience.

Addressing the challenges of the modern digital workspace, Drew Houston, Dropboxs co-founder and CEO, said, People are grappling with information overload and fragmented workflows like never before, resulting in unnecessary work about work.' He sees AI as a solution to these challenges, automating routine tasks and enhancing overall productivity.

In the competitive realm of cloud storage and collaboration, innovation is key. Industry leaders like Google, Microsoft, and Apple are consistently introducing new features and tools recently with an AI focus.

Dropboxs decision to revamp its web interface with Dash AI Studios capabilities is indicative of the broader shift toward AI integration in the tech industry. As investments in cloud and AI services continue to pour in, users will watch how companies cater to their needs in order to maintain a competitive edge.

Maxwell William, a seasoned crypto journalist and content strategist, has notably contributed to industry-leading platforms such as Cointelegraph, OKX Insights, and Decrypt, weaving complex crypto narratives into insightful articles that resonate with a broad readership.

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