EU Peeks into Big Tech’s Algorithms, Musk’s TruthGPT, and Other Crypto Buzz

"Exploring the Intersection of Crypto and AI: MicroStrategy and Microsoft Take the Lead"

The AI market is rapidly growing, and this week’s Crypto Biz explores the latest developments in this area. Elon Musk, the CEO of SpaceX and Twitter, is adding to his business portfolio with the creation of TruthGPT, an AI that will seek to find the fundamental nature of the universe and address alleged left-wing bias in the industry. While it remains to be seen whether the intelligence can provide truthful answers, the move is likely to strengthen Musk’s business portfolio.

Meanwhile, European authorities are strengthening regulations on AI projects by launching a new research hub to investigate Big Tech algorithms. A team of multidisciplinary experts will examine how these algorithms contribute to the spread of illegal and harmful content.

Microsoft is also making strides in the AI industry by developing its own AI chip, codenamed Athena, since 2019. The chip will help the company control the cost of powering large-language models, including OpenAI’s ChatGPT. This move comes as a response to the global chip shortage that has affected many industries worldwide during the pandemic.

MicroStrategy’s CEO Michael Saylor has disclosed the integration of email addresses with the Bitcoin Lightning Network, allowing transactions using emails instead of wallet addresses. It remains unclear if the solution is available for other MicroStrategy email addresses. The Lightning Network is a popular Bitcoin scaling solution capable of processing 1 million transactions per second at the cost of 1 satoshi per transaction.

Elon Musk is also developing a ChatGPT rival known as “TruthGPT,” a large language model that will be trained to explore the nature of the universe. During an interview with American cable network Fox News, Musk said that the truth-seeking AI would also push back against what he perceives as left-wing bias in the industry. According to Musk, ChatGPT is programmed by left-wing experts, which train the chatbots to lie.

OpenAI is facing regulatory challenges as Italian authorities insist that the company must comply with local and European data protection and privacy laws by April 30. Under the EU’s laws, tech companies must solicit user consent to train with personal data and allow Europeans to opt out of data collection and sharing. Experts believe that this will be difficult for OpenAI since its models are trained on massive data troves scraped from the internet and conflated into training sets.

In conclusion, the AI market is rapidly growing, and companies such as Microsoft, MicroStrategy, and OpenAI are making strides to stay ahead of the curve. Elon Musk’s TruthGPT is an exciting development, and the integration of email addresses with the Bitcoin Lightning Network is a significant step towards making cryptocurrency more accessible. However, regulatory challenges will continue to arise as AI technology continues to evolve.

Martin Reid

Martin Reid

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