Day: April 13, 2023

‘ChatGPT-like personal AI’ can now be run locally, Musk warns ‘singularity is near’

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It is now possible to install and run a “ChatGPT-like” personal artificial intelligence (AI) on a home computer even without an internet connection and Elon Musk has warned AI development has brought us closer to a technological point of no return. Brian Roemmele, the founder of the technology blog Multiplex, wrote a detailed guide on how to install the personal AI “GPT4All” on April 11, calling it a “first PC” moment for personal AI. This is the “first PC” moment for Personal AI and with it will be limitations just…

Zambia’s crypto regulation tests to be wrapped by June: Report

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Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen in the real world,” to assist in forming crypto regulations. Zambia’s central bank and securities regulator commenced the tests on Feb. 19, which Mutati said was looking to balance safety and innovation: “Our main goal…

BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’ – Economics Bitcoin News

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The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence Russia’s Minister of Foreign Affairs, Sergey Lavrov, stressed the need for joint efforts to counter Western countries’ “destructive actions” on Monday at a meeting with ambassadors from the BRICS countries, Russian news agency Tass reported. The BRICS…

Major Cryptos Remain Unstirred by Inflation Data, Ethereum Shanghai Fork

Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday’s events, particularly the Ethereum “hard fork,” a continuation of the platform’s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol. Source

Brian Armstrong promised me $100 in Bitcoin — so where is it?

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Coinbase CEO Brian Armstrong owes me $100. That’s because he might not know how to use the Lightning Network, the instant payment solution built on top of Bitcoin. Armstrong, who’s been building in the Bitcoin (BTC) space since 2012, recently tweeted that he would pay people who provided the “best examples” of people using cryptocurrency in Africa. “If you’re using crypto in Africa, reply with a short video (<30 seconds) or photo of how you’re using it,” Armstrong wrote. “Best few examples get $100 in crypto.” If you’re using crypto…

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased – Economics Bitcoin News

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The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook in a blog post published by the IMF Tuesday. “The economic slowdown is most pronounced in advanced economies. Inflation is falling more slowly than anticipated,” he wrote. “Recent banking instability reminds us, however, that the…