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.

On August 21st, Morgan Stanley stated in a recent research report that Bitcoin miners are entering new business areas, including providing high-performance computing (HPC) services for the rapidly growing artificial intelligence (AI) market, in order to reduce dependence on cryptocurrencies. The report states that some of the costs of new investments are provided by miners who have sold tokens in recent quarters. Some Bitcoin mining companies have diversified through renaming, with Hive Blockchain Technologies (HIVE) changing its name to Hive Digital Technologies and Riot Blockchain (RIOT) changing its name to Riot Platforms. In addition, former Ethereum miners have shown a trend of providing HPC services. Since the successful upgrade of Ethereum Shanghai, there has been a large supply of graphics processing units (GPUs) for sale on the secondary market, and some Ethereum miners have sold GPUs to save their investments, while others have repurposed their machines for gaming, image and video rendering services, or have chosen other POW currencies.

On August 19, at the 2023 China Computing Power Conference held in Yinchuan, Ningxia, Yu Xiaohui, the director of the China Academy of Information and Communications Technology, interpreted the "China Comprehensive Computing Power Index (2023)" report on site. The report shows that as of the end of June this year, China's total computing power reached 19.7 trillion floating point operations per second (197EFLOPS), with general computing power accounting for 74% of the total, and intelligent (AI) computing power accounting for 25%. Compared with the same period last year, the total computing power has increased by 30%, and the intelligent computing power has increased by about 45%. 

On August 12th, Ethereum co-founder Vitalik Buterin revealed on The Aarthi and Sriram Show podcast that although SBF had a lot of influence in mainstream media, many people in the cryptocurrency field were initially skeptical of him. Vitalik emphasized that a large part of the crypto community believes that SBF lacks a clear vision for the value of cryptocurrency technology. In addition, Vitalik commented on the progress of artificial intelligence, especially systems like ChatGPT. He is optimistic about the potential of AI, believing that it can enhance human creativity rather than simply replace human roles. Vitalik believes that at this stage, AI is more about empowering individuals rather than replacing them. He envisions a future where AI tools can allow individual creators to make movies and other artistic works without incurring the high costs of traditional Hollywood productions.

ZippyChain, a layer 1 public blockchain, has been generating excitement in the global blockchain community. Its testnet is scheduled for launch on July 31, 2023, with a specific focus on AI training and applications.

A report by the Brookings Institution has found that almost half of all AI development jobs are concentrated in just six US cities, including San Francisco, San Jose, New York, Los Angeles, Boston, and Seattle. The report highlights that the Bay Area, particularly San Francisco and San Jose, hosts nearly 60% of new generative AI jobs. <br>

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.

Zoom has updated its terms of service to clarify that it will not use customer content to train AI without their consent, following backlash from users. The AI-related terms were added in March, but were only recently brought to users' attention. The company's meeting summary tool and message composer are opt-in features, with account owners or administrators able to control their enablement.

Jane Friedman, an author and professor, has been unsuccessful in getting Amazon to remove books falsely attributed to her from their website. She believes the books were generated using AI and were listed without her consent. Despite reporting the issue to Amazon, the company refused to remove the books without a trademark registration number. Friedman has called for measures to be put in place to verify authorship and prevent fraudulent books from being credited to them. The AMPTP negotiations collapsed due to the need for guardrails on generative AI, leading to a strike by members of the WGA and SAG-AFTRA.