The arrival of Morgan Stanley at the U.S. spot bitcoin BTC$77,029.33 ETF party earlier this month was characterized by some observers as the catalyst that will end the current crypto bear market thanks to the massive distribution power of the Wall Street wirehouse’s $8 trillion advisory network.Not so fast, said Blockstream CEO Adam Back, an early contributor to the Bitcoin community and recently tipped by the New York Times to be the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, an assertion he denies.The bitcoin ETFs could be the single most important development of recent times when it comes to positive market signals,…

In brief DeepMind veteran David Silver raised $1.1 billion for his new startup Ineffable Intelligence at a $5.1 billion valuation. Silver says reinforcement learning, not large language models, is the best path to superintelligence. The startup aims to build AI “superlearners” that learn through simulations and self-play. David Silver, the DeepMind scientist behind AlphaGo’s historic 2016 win over world Go champion Lee Sedol, has raised $1.1 billion to launch a startup betting that the next era of AI won’t come from today’s dominant technology.Silver’s company, Ineffable Intelligence, launched in January at a $5.1 billion valuation and is betting on reinforcement…

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