Fashion enthusiast Colby Mugrabi is set to launch a new clothing line called Mmerch next year, which will incorporate AI and blockchain technologies to create unique, tech-savvy hoodies. The line will feature 960 limited-edition hoodies with six key components, ten contrasting prints, and two materials, all crafted through the use of generative algorithms. Each hoodie will be connected to a non-fungible collectible, granting access to a physical version for everyday wear, and will come equipped with a QR code that acts as a gateway to an NFC chip. The line aims to offer fashion items with extra value that extends beyond the point of purchase, setting a high standard during a time when economies of scale confine conventional manufacturing workflows.

Qualcomm is preparing to launch its third-generation Snapdragon 8 chip, which boasts improved performance and a significant advancement in on-device AI capabilities. The chip's powerful AI engine can support high precision in local AI models and run local large-language models of over 10 billion parameters.

A team of researchers from the Australian National University, the University of Oxford, and the Beijing Academy of Artificial Intelligence have created a new AI system called "3D-GPT" that can generate 3D models from text-based descriptions. The system uses multiple AI agents that each focus on a different part of understanding the text prompt and executing modeling functions.

Microsoft's CEO Satya Nadella has announced plans to integrate artificial intelligence (AI) into all of the company's customer solutions and every layer of its tech stacks. In his annual letter to shareholders, Nadella emphasized that the next generation of AI will reshape every software category and every business, including Microsoft's own.

Universal Music Group (UMG) has filed a lawsuit against artificial intelligence developer Claude Anthropic, marking the first major lawsuit in the music industry against an AI developer. UMG is seeking $75 million in compensation. Concord Music Group, ABKCO, Worship Together Music, Plaintiff Capital CMG, and other companies listed as publishers have also filed lawsuits against Anthropic, accusing the AI developer of using songs from artists they represent in their AI model dataset without permission.

On October 18th, Cerebrum Tech, a solution provider for generative AI, gaming, and Web3, announced that it has completed a $1.8 million funding round at a valuation of $15 million. Boğaziçi Ventures led the round with participation from Inveo Ventures Coinvestment.

Baidu, a major search engine company in China, has released an upgraded version of its AI chatbot, Ernie 4.0, which competes with OpenAI's ChatGPT. Baidu's CEO, Robin Li, announced at the company's annual technology conference in Beijing on October 17, 2023 that the launch of the new version of Ernie 4.0 could lead to a new round of economic growth. Although the general public cannot yet access the latest version of Ernie 4, Li claims that it is as good as OpenAI's ChatGPT 4. Baidu has been gradually transitioning into an internet service company specializing in AI-related services since the launch of its generative AI chatbot, Ernie, in August 2023.

According to the Mercer CFA Institute global pension report, pension funds could benefit from using artificial intelligence (AI) to reduce costs, increase investment returns, and identify potential risks. AI could help fund managers analyze large amounts of data to uncover opportunities and create custom investment portfolios. It could also be used to personalize marketing and outreach efforts based on members' communication patterns. However, there are still challenges to overcome, and AI tools may generate fake or misleading information. The report also emphasized the need for strong defenses against cyberattacks and other security breaches.

Stack Overflow, a developer and programmer platform, is cutting its workforce by around 28% due to macroeconomic pressures impacting the tech industry and the rise of AI chatbots. The layoffs account for approximately 150 employees out of a total headcount of 540.

AI large model company Baichuan Intelligence announced today that it has completed the A1 round of strategic financing, with a financing amount of 300 million US dollars. Technology giants such as Alibaba, Tencent, Xiaomi, and many top investment institutions have participated in the investment. "The king of local VC" Shenzhen Capital is also one of the investors in this round.

Nvidia has partnered with Masterpiece Studio to release Masterpiece X, a new application that aims to revolutionize 3D modeling. The software utilizes generative AI and can be used in the cloud with no local hardware or software required. While the software is not yet perfect, it shows vast potential and exciting advancements on the horizon. However, Nvidia faces geopolitical hurdles that threaten its dominance in hardware, particularly with the US government's efforts to tighten restrictions on AI chip exports to China.

Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has urged regulatory agencies to find a way to manage the risks to financial stability posed by the concentration of power in artificial intelligence platforms. Gensler said that if swift intervention is not taken, a financial crisis caused by AI is "almost inevitable" within the next decade.

The prevalence of social media has created a world where visual evidence is no longer reliable, and the emergence of voice cloning technology is making it easier to spread false information. A recent report by NewsGuard uncovered a video on TikTok featuring a fake voice of former US President Barack Obama, which received over 50,000 views. This video was part of a network of 17 TikTok accounts that use hyper-realistic audio AI voice technology to create fake voiceovers, generating over 330 million views and 14.5 million likes since June 2023.

A bipartisan group of US senators has proposed a bill that would ban unauthorized AI-generated replicas of people's voices and images. The Nurture Originals, Foster Art, and Keep Entertainment Safe (NO FAKES) Act would hold companies and individuals liable for damages for creating unauthorized AI replicas of living or deceased individuals, as well as platforms that knowingly host unauthorized AI copycats. The penalties for violations would start at $5,000. The bill allows for limited use of unauthorized AI replicas protected by the First Amendment, including those used for news, documentaries, and satire.

Google Cloud's Engineering Director of Web3, James Tromans, believes that Web3 technology can bridge the gap between AI and Web3 with an eye toward the future and digital ownership. He sees the main value of the technology as solving for business outcomes, not speculating on the value of a token.

According to TechFlow news, Bitget will hold the "Give me five" fifth anniversary starlight party in Taiwan on August 31st. The theme of this conference is "Mining the Web3 Future with AI". It will gather experts and KOLs from the coin circle across Taiwan, and there will be a roundtable forum for exchanging ideas to explore the new direction of Web3 under the AI wave. Earlier, Bitget announced its brand upgrade, with "Trade smarter" as its core concept, committed to shaping a smarter digital future.

Shara Senderoff and Aaron McDonald, the co-founders of Futurverse, a company specializing in AI and metaverse, have launched a new venture fund and studio called "Born Ready" with a $50 million investment. The fund will invest in emerging technology ventures that have collaboration potential with either Futurverse or metaverse blockchain The Root Network. Born Ready has already invested in several firms, including FCTRY Lab, Power'd Digital, Polemos, and Walker Labs. The firm plans to introduce an accelerator program soon and has previously raised $54 million in a Series A round. Meanwhile, Web3 and crypto venture capital funding have fallen 79% YoY to $779 million over 62 deals in June, with almost all of the new funding going to blockchain infrastructure projects.

Tech firms including GitHub, Hugging Face, and Creative Commons have written an open letter urging the European Union to ease upcoming rules for open-source artificial intelligence models. The letter argues that regulating upstream open-source projects as if they are commercial products or deployed AI systems would hinder open source AI development. The group provided five suggestions to ensure that the AI Act works for open source models, including defining AI components clearly and clarifying that collaborative development on open source models does not subject developers to the bill requirements. The European Parliament passed the Act in June, and the next step involves individual negotiations with members of the EU to smooth out the details.

Google Cloud is expanding its Web3-focused products to become the preferred choice for industry firms and developers. The company recently launched a startup program to support players in the Web3 segment, and plans to continue building services similar to its Blockchain Node Engine. Google Cloud is also exploring how Web3 technologies can streamline operations and unlock alternative business models and revenue streams for players in financial services and gaming. Additionally, the company is exploring the use of artificial intelligence (AI) in the Web3 space. Google's Web3 startup program offers free access to its serverless platform, technical support, and $200,000 in Google Cloud credits.

Apple is said to be developing its own generative pre-trained transformer (GPT) artificial intelligence (AI) model called "Ajax", which is similar to OpenAI's ChatGPT and Google's Bard. However, there is no indication that the company plans to release it to the public.