JPMorgan Chase has developed an AI model, based on ChatGPT, that predicts stock market movements based on statements made by the Federal Reserve. The model, called the Hawk-Dove score, interprets the language used in Fed statements and assigns a score based on the potential impact on stock movements. The bank is reportedly working on over 300 AI use cases and spending over $2 billion on building cloud-based data centers. Dropbox has also announced plans to focus on AI-powered products, cutting 16% of its workforce to hire talent for this new strategy. However, concerns about AI development have led to calls for regulation from individuals and entities such as Elon Musk, John Legend, and the Chinese government.

Bitget has pledged $10 million for the development of Fetch.ai's ecosystem, which provides infrastructure to build autonomous services using AI agents. Bitget, currently the world's eighth-largest crypto spot exchange, plans to provide consultations on marketing and other services to help Fetch.ai expand its business partnerships. Fetch.ai's smart wallet features automation and integration with OpenAI's ChatGPT API, which surpassed 100 million users in January 2023. Bitget recently acquired a regulatory license to provide services in Lithuania and invested $30 million in multichain wallet provider BitKeep, becoming its controlling shareholder.

Meta's Q1 Profits Plunge 30%, Pivots to AI for Metaverse Growth Amid TikTok Pressure; Coinbase Goes Offensive Against The SEC With Lawsuit Targeted At Regulatory Clarity; Venom Foundation Announces the Release of its Public Testnet; TerraCVita Plans to Relaunch Terraport on Terra Classic After Certik Audit

Meta, the parent company of Facebook and Instagram, is expected to report a steep decline in profits when it releases its first-quarter results, with analysts predicting earnings of $5.2bn, a drop of around 30% year on year. Revenue is predicted to fall just 1%, to $27.7bn. This comes as the firm pivots towards artificial intelligence as a source of growth, particularly for its metaverse ambitions, which have struggled to gain traction. While Facebook reported a two percent rise in monthly active users over the final quarter of the year, pressure from the rise of TikTok has dented ad revenues, which dropped from $115bn to $114bn last year. Layoffs, including 10,000 employees sacked last month, are part of an effort to streamline operations and focus on AI development. In March, the company also cut jobs and cancelled lower-priority projects.

Web browser provider Opera has announced the latest version of its application, Opera One, which will include a new generative AI integration called AI Prompt. The in-browser AI feature will deliver users "contextual prompts" for web pages or highlighted text and will automatically be enabled for all users. The update page lists examples of how generative AI can be used while browsing, including shortened long texts for more accessible reads, explanations of complex ideas, and content creation. The AI-enhanced version of Opera One is currently released under early access. The latest AI integration falls in line with major trends in the emerging technology industry, with internet and tech giants all making AI integration-related announcements since the beginning of the year.

South Korea is reportedly moving closer to launching a central bank digital currency (CBDC), with a new draft law set to create legal terminology for CBDCs.

The artificial intelligence (AI) chatbot ChatGPT took the world by storm after its latest release in late November 2022. While initial reactions included much opposition to the technology, the technology continues to witness growing implementations. 

The integration of AI into the Metaverse has the potential to transform the way we interact with digital worlds. By leveraging the power of blockchain technology and AI, we can create a more immersive, secure, and personalized virtual world that can be enjoyed by millions of users worldwide.

Google Bard Tries To Gain ‘Coding Assist’ Edge Over ChatGPT; Coinbase Set To Launch Base Mainnet Within 2023; DRW Denies Investment in 3AC’s OPNX

April 20 (Cointime) - Elon Musk, CEO of Tesla and Twitter, has threatened Microsoft with legal action, accusing the tech giant of "illegal" use of Twitter data to train its artificial intelligence (AI).

Fetch.ai aims to facilitate peer-to-peer trading between DeFi users using AI-powered software "agents."

Fetch.ai, a UK-based firm that develops artificial intelligence tools for crypto, is launching a set of enhanced trading products for decentralized exchanges (DEX). The platform will use AI-powered "agents" to execute trades based on user-defined parameters and facilitate peer-to-peer transactions between decentralized finance (DeFi) users. The agents employ their own smart contracts to carry out users' instructions, reducing the risk of a central smart contract being exploited by hackers. Fetch.ai's approach aims to increase DeFi adoption by addressing security concerns surrounding DEXs, where nearly $120 million in crypto had been stolen in 2022 across 19 different breaches, according to analytics firm Crystal Blockchain.

Recent reports and academic papers have criticized the carbon footprint of artificial intelligence (AI) software, including OpenAI's Chatgpt program. Bloomberg reported that AI uses more energy than other forms of computing, with a single AI model consuming more electricity than 100 US homes in a year. Meanwhile, an academic paper cited by the University of Colorado Riverside and the University of Texas Arlington claims that Chatgpt uses a lot of electricity and water to cool data centers. However, not everyone agrees with these studies and alarming headlines, with some arguing that climate alarmism is a lie. The Gatestone Institute, for example, claims that climate alarmism is harmful to the West. While bitcoin provides economic freedom as a censorship-resistant currency, it, too, has faced scrutiny over its environmental impact, with some arguing that it must address climate change concerns.

Techub.NEWS(www.Techub.news) is a Hong Kong-based streaming platform that aggregates interactive social information based on Artificial Intelligence.

Tesla and Twitter chief Elon Musk warns AI’s potential to destroy civilization. During an interview with FOX, he noted that AI has the potential to be more hazardous than mismanaged aircraft design or production maintenance. He stated:

Elon Musk founded a new artificial intelligence-focused company called X.AI on March 9th, 2023.

Earlier report indicates Musk acquired thousands of graphic processing units (GPUs) for an upcoming generative AI product.

Techub.NEWS has closed a $1.1 million seed round participated by VCB, Ausvic Capital and MetaTdex Ventures.

Elon Musk Plans To Take On Google’s Bard & ChatGPT With New AI Startup; Metamask User Data From 18 Months Compromised; SEC Poised To Increase Its Scrutiny of Decentralized Finance Exchanges

According to a recent report published by the Financial Times on Friday, billionaire CEO Elon Musk is currently working on the formation of an Artificial Intelligence (AI) startup that will compete with the likes of ChatGPT-maker OpenAI, Google’s Bard and Amazon’s Bedrock.