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- 🗿 Crypto Funding on the Rise??
🗿 Crypto Funding on the Rise??
What's causing the sudden rise in funding?
Today’s No FOMO newsletter is brought to you by…
GM. Another tech biz is going bankrupt. On the bright side, funding is picking up, and robots may not kill us after all. We have some data to support our claims. Let’s get into it.
Today’s specials:
NFT Power News 📰 : Bittrex goes Bankrupt
No FOMO 🗿 : Debunking the Fear of AI 🤖
You Raised? 💰: Funding on the rise?? 👀
AI Intel 🤖 : AI predicts future pancreatic cancer 🦠
Tuesday Market Talk 🗣️ : $PEPE pulls back to reality, for now 🐸
NFT Power News 📰
Crypto stocks drop after Binance halts bitcoin withdrawals for hours (Reuters)
Bittrex’s US-based entity files for Chapter 11 Bankruptcy after seven years of operation (Bitcoin Magazine)
Belgium's digital minister: EU plans to 'bring order to crypto' and create its own blockchain (Yahoo! Finance)
Coinbase CEO Touts UAE as ‘Forward Thinking’ Amid US Crypto Crackdown (Decrypt)
Institutional interest in crypto is ‘maturing,’ says Cantor Fitzgerald’s Han (CNBC)
South Korean lawmaker allegedly cashed out while legislating on crypto: Report (Cointelegraph)
UK Tax Authority Sets Sights on Crypto Confiscation (Blockworks)
Mastercard, PayPal and Robinhood dive deeper into crypto as industry shows ‘promise’ (TechCrunch)
Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report (CoinDesk)
Debunking the Fear of AI 🤖
Tech leaders have long considered AI as the potential solution for some of humanity’s biggest problems.
But this proposed formidability has also sparked fear and doomsday rhetoric. It got us thinking… could a powerful AI model truly unleash an unpredictable and potentially malevolent actor into the world?
Many in the tech industry share this concern; over 1,000 tech leaders called for a pause on giant AI tech experiments. However, a new paper from Stanford University suggests that this concern may not be valid.
Researchers looked at 29 metrics for evaluating language model performance. They found that the perception of AI's emergent abilities was based on shaky metrics and may not accurately reflect the true capabilities of these models.
Ok, No Fomo. I’m a chart monkey, not a programmer. What does this mean for the future? Are robots going to take over the world?
AGI will have an enormous impact on human society. However, it won’t come out of nowhere. It will slowly build up over time.
So, there's no need to worry about humans dying from the rise of AI.. yet.
💰 You Raised? 💰
Is the bear market ending?? Funding is on the rise again with $52 million raised just last week. Here are some highlights:
AI Intel 🤖
Alphabet to unveil A.I. updates at Google I/O, showing off creative writing and coding capabilities (CNBC)
Pentagon’s AI office rebooting global experiments for JADC2 (C4ISRNET)
Chinese Firms Foil US AI Sanctions With Older GPUs, Software Tweaks (Tom’s Hardware)
AI’s Ostensible Emergent Abilities Are a Mirage (Stanford)
AI predicts future pancreatic cancer (Medical Xpress)
$PEPE Pulls Back to Reality 🐸
We won’t do this for long. But people are still speculating, so we’re covering it.
After exploding past $1.7 billion in market cap, Pepe fell back to around the $800 million mark early Tuesday morning. Still up over the past week but far from the all-time high.
In other frog news, the $PEPE community was galvanized this week after bad press from Cointelegraph.
It was kind of cringe for CT to go after a meme coin amid a quasi-scandal about fake organic promotion. But we won’t get too deep on that in case they want to sponsor 💅
Wow so weird that huge cointelegraph space fudding $pepe caused it to pump
It’s almost like this amount of people talking about a project at once is good no matter what they’re saying 🤔
— NFT POWER RANKINGS (@nftpowerranking)
7:25 PM • May 8, 2023
Where is the Crypto Capital of the World in 2023? |
Shameless Shill + Alpha
This is NOFOMO, the newsletter that keeps you up-to-date on all things AI, crypto, and NFTs.
Whether you're a seasoned investor or just getting started, our team of full-time web3 writers will bring you the latest news, trends, and insights from the rapidly evolving world of robots and digital assets.
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