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What Mark Zuckerberg Thinks about Apple’s Vision Pro

Plus: India To Regulate AI To Keep Digital Citizens Safe

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Cash Nut
June 09, 2023

In Today’s Edition

  • Commonwealth Fusion has raised $2 billion to make energy like the sun and stars

  • India To Regulate AI To Keep Digital Citizens Safe

  • This is what Instagram’s upcoming Twitter competitor looks like

  • BitGo Bails Out Prime Trust in Acquisition Deal

  • Here’s what Mark Zuckerberg thinks about Apple’s Vision Pro

  • What will GPT-2030 look like?

  • RNA editing helps octopuses cope with the cold

🚀Startups Nuts

Bob Mumgaard, CEO of Commonwealth Fusion Systems, spoke with CNBC about why now is a tipping point for the fusion industry. The firm is a leader in the nascent space with more than $2 billion in funding. At the end of May, CNBC went to Devens, Massachusetts, to see what it looks like to build a fusion reactor. Images are available in the article.

We will regulate AI as we will regulate Web3 or any emerging technologies to ensure that these technologies don’t harm digital nagriks: MoS Rajeev Chandrasekhar. The minister said that AI becoming intelligent enough to replace jobs is a remote possibility, at least in the next five to ten years. The comments comes days after OpenAI CEO Sam Altman called for global regulations for AI and also discussed the issue during his meeting with Prime Minister Narendra Modi.

🏭Business Nuts

Meta's upcoming Twitter competitor will be based on Instagram and integrate with ActivityPub. It will use Instagram's account system to automatically populate user information. Users will theoretically be able to take their accounts to other apps that support ActivityPub. Meta already has celebrities committed to using the app. Screenshots of the app are available in the article

BitGo is set to acquire Prime Core Technologies, the parent company of financially-struggling Prime Trust, a step aimed at enhancing its tech stack amidst growing M&A interest in the crypto industry. While the terms remain undisclosed, the acquisition involves Prime Trust’s Nevada-based trust company integrating into BitGo's own regulated crypto-oriented trusts. BitGo will also gain access to Prime Trust's banking partners, payment rails, and wealth management offerings. This comes after Prime Trust lost notable customers Swan Bitcoin and Strike which caused rumors about its solvency to start swirling.

📱Tech Nuts

Mark Zuckerberg says that Apple's Vision Pro doesn’t present any major breakthroughs in technology that Meta hadn't already explored and that the two companies had different visions for how people will use their headsets. The Quest aims to have people interacting in new ways and feeling closer while also being active and doing things. Apple's demos for the Vision Pro only show people using the device while sitting alone on a couch. The Quest 3's lower price tag will help the device reach a wider audience.

This post looks at the historical rate of progress in machine learning and extrapolates it forward to forecast the properties of large pretrained ML systems in 2030. GPT-2030 will likely be superhuman at various specific tasks and will be able to be copied arbitrarily and run in parallel. Its copies will be able to share knowledge, allowing for rapid parallel learning. The model will accelerate many areas of research but also create serious vectors for misuse.

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🎁Miscellaneous

Scientists have known for over a decade that cephalopods are able to edit large amounts of their RNA. A recent study showed that environmental changes can trigger RNA editing. Some octopuses and squids cope with cold water by editing their RNA to change the proteins they produce. Most of the editing occurs in the nervous system, likely to help their brains function as temperatures drop.

💡What else are we reading and seeing?

  • Understanding GPT tokenizers

  • First Impressions of Vision Pro and VisionOS

  • The AI Boom Is Pulling Tech Entrepreneurs Back to San Francisco

  • When Is a Token Not a Security?

  • Now might be a good time to consider quitting crypto

😎Fun Fact

The world's first stock exchange was established in 1602 in Amsterdam, and it traded predominantly in securities of the Dutch East India Company.

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