Top Tech News Today: A Rival AI Chatbot to OpenAI's ChatGPT Will … – Analytics Insight

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What’s New Today: Elon Musk is Having Sleepless Nights from Working All Day to Oversee His Five Businesses.
Fast-Track Insights: Former PBOC Member Slams China’s Cryptocurrency Restriction and Expresses Concern that China May Miss Out on Financial Development Prospects.
According to an anonymous source familiar with the topic, Baidu, China’s largest search engine business, aims to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s popular ChatGPT in March. The tool, whose name has yet to be determined, will first be integrated into Baidu’s primary search offerings. Users will also be able to access conversational search results, similar to OpenAI’s platform. The announcement of Baidu’s plans boosted shares by 5.8 percent, the greatest intraday gain in over four weeks. Baidu has recently invested billions of dollars in AI research as it seeks to migrate from online marketing to deeper technology. According to Bloomberg, the company’s Ernie system, a large-scale machine-learning model that has been trained on data over multiple years, will be used.
Elon Musk is having sleepless nights from working all day to oversee his five businesses. Elon Musk presently owns four firms in addition to Twitter: SpaceX, Tesla, The Boring Company, and Neuralink. Elon Musk, the billionaire, currently owns five companies and works tirelessly to run them. Musk admitted in a recent tweet that he works all day. “I work all day, then come home and playwork simulator,” Musk stated in a recent tweet. Musk presently owns four firms in addition to Twitter: SpaceX, Tesla, The Boring Company, and Neuralink. Regardless, Musk’s current focus is on Twitter, which is experiencing financial difficulties. Musk has repeatedly stated that he is working tirelessly to turn Twitter, or “Twitter 2.0,” into a successful business.
Google has unveiled “MusicLM,” a new AI system that can make high-fidelity music in any genre given a language description. However, the firm is concerned about the hazards and has no plans to release it anytime soon, according to TechCrunch. Google isn’t the first to experiment with generative AI for songs; others have included Riffusion, an AI that composes music by picturing it, Dance Diffusion, Google’s own AudioML, and OpenAI’s Jukebox. However, due to technical limitations and a lack of training data, none of them have been able to produce songs that are exceptionally intricate in composition or high in fidelity. According to the study, MusicLM may be the first to do so.
The White House has issued a roadmap requesting that authorities strengthen enforcement and regulatory measures in the crypto sector. The Biden Administration highlighted its plans to handle possible cryptocurrency hazards in an official blog, calling for authorities to “scale up enforcement where appropriate” and Congress to “step up its efforts” to regulate the industry. The piece begins by mentioning some big failures in the crypto sector that occurred last year, such as the implosion of Terra’s algorithmic stablecoin UST, which triggered a wave of insolvencies. It also mentioned the collapse of FTX, once the world’s third-largest cryptocurrency exchange, which resulted in billions of dollars in damages for consumers.
Former People’s Bank of China (PBoC) monetary policy member Huang Yiping has expressed concern about China missing out on financial development prospects as a result of the country’s ban on cryptocurrencies. In his opinion, prohibiting cryptocurrency-related activity was feasible in the short term. By outlawing cryptocurrency, people risk missing out on enormous potential opportunities. He admits that cryptocurrency has resulted in new digital technologies. Yiping reaffirmed his position on virtual currency adoption, claiming that they are still important to the traditional banking system. Despite the fact that citizens are permitted to hold digital assets, China’s relationship with cryptocurrency is icy.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.


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