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View More Newsfrom the scaling-but-for-hallucinations dept It’s not that AI can’t be useful or helpful in certain contexts. And this is certainly not to say AI can’t take over repetitive tasks to allow people to focus on things that need more of human touch. The problem with AI isn’t necessarily AI itself. It’s that far too many tech companies are pitching AI as a one-size-fits-all solution to pretty much everything. And far too many entities are taking tech companies at their word, with disastrous results. Axon (formerly Taser) has cornered the body cam market and is now trying to sweep up everything…
Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief.Key points:Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend.Analysis remains wary of inflationary tendencies despite PCE conforming to expectations.Bitwise predicts that going forward, Bitcoin will become less sensitive to Fed interest-rate changes.PCE ends uptrend while staying above Fed inflation targetData from TradingView showed BTC price action focusing on $64,500, broadly unchanged from the day prior. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe major risk-asset headwind from earlier in the week in the form of a mass sell-off…
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On Wednesday night, the Senate Judiciary Committee delayed a vote on Todd Blanche’s nomination as attorney general after two Republican members raised concerns about President Donald Trump’s flagrantly corrupt “settlement” of his bogus lawsuit against the IRS. Blanche, currently the…
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There is plenty to criticise about the pro-Palestine movement: its ahistorical myths, its abuse of definitions, its clownish purity tests, and its myopic Western lens on a layered and difficult Middle Eastern conflict.But its most glaring flaw is a lack of strategic self-awareness so complete that it is no longer clear whom the movement’s rhetoric helps and whom it harms.One of the great ironies of the period since 7 October is that the loudest voices claiming to advocate for Palestinian liberation have embraced arguments and tactics that make that liberation harder—perhaps impossible—to achieve.After 1948, it was the Arab states that…
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South Korea plans to impose an up to 22% combined tax on annual crypto gains exceeding 2.5 million won ($1,740).The country plans on taxing…
Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska.…
In brief GrapheneOS said its software is “completely legal” and constitutionally protected, days after the first U.S. prosecution involving one of its features. Atlanta…
from the and-by-“efficiencies”-we-mean-“destruction” dept Quick background: the $8 billion FCC Universal Service Fund (USF) applies a small surcharge on traditional phone lines to fund broadband expansion…
Tokenized commodities platform Streamex said it is launching a Solana-based marketplace for trading tokenized assets in partnership with Orca, a decentralized exchange built on…
In brief ElevenLabs licensed Stan Lee’s voice and likeness for AI-generated narration and comic-inspired visuals. The company also launched AI music filters and a…
A post jocularly characterizing AIs as our children reminded me of this stanza from Philip Larkin: They fuck you up, your mum and dad.…
Robinhood (HOOD) is giving retail traders a new way to automate investing: letting artificial intelligence make decisions and place trades on their behalf.Customers can…
Prediction markets platform Polymarket is reportedly considering measures to verify users in response to pressure from global authorities over sanctions violations and other areas…
In brief ElevenLabs launched Music v2, capable of switching genres mid-track, building songs section by section, and inpainting specific parts. Stability AI released Stable…
Read the Complaint for more on the factual allegations and on the remedy the DoJ seeks. The Introduction: On April 25, 2024, following months…
The U.S. cryptocurrency industry has flexed its campaign-finance might to help dethrone veteran incumbents and elevate new allies in Texas and other states as…
