🗿 FTC Cracks Down On Tech

The FTC is launching an inquiry into AI deals between Big Tech.

January 26, 2024

Together with

GM. Another Friday, another week of centralized capital markets consolidating power. AI deepfakes are causing extra angst this week, and we have a free tool that will get you your next job.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

Weekend Alpha - What to Watch 👀 : Bitcoin to See Mid-to-Low Price Before New ATH 🫠

No FOMO News 📰 : Crypto Adds 62 Million Users in 2023 🤩

No FOMO 🗿 : FTC Investigates Big Tech for AI Collusion 👮‍♂️

AI Intel 🤖 :  Sam Altman Talks AI Chips in Congress ⚖️

AI App of the Week 💻 : AI Can Help You Get Your Next Job 🧑‍💻

The ISO 27001 Compliance Checklist

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Weekend Alpha – What to Watch 👀

No Bitcoin ETFs at Vanguard? Here's why. SEC delays decision timeline for BlackRock's proposed spot Ethereum ETF to March, Crypto exec sees ‘mid to low’ $20K BTC price before new all-time highs, Ripple Enters $10 Trillion Crypto Custody Market with Metaco, HSBC Partnership.

No FOMO News 📰

FTC Cracks Down On Tech

The FTC is launching an inquiry into AI deals between Big Tech.

A few highlights:

  • The agency plans to scrutinize Microsoft, Amazon, and Google for their investments in AI start-ups OpenAI and Anthropic.

  • Microsoft has poured billions into OpenAI

  • Google and Amazon have poured billions into Anthropic

  • By investing instead of acquiring … big corporations can evade the same level of government scrutiny that may face through an acquisition

The result? Google, Amazon, and Microsoft get to steer the AI ship and squash their smaller competitors without anti-trust laws cramming down their throats. The FTC investigation is the first attempt to push back.

AI Intel 🤖

  • OpenAI’s Altman discussed chip-making venture with members of Congress (WP)

  • AI-generated nude images of Taylor Swift went viral on X, evading moderation and sparking outrage (NBC)

  • Federal Trade Commission scrutinizes Big Tech’s AI deals (WashPost)

  • Taiwan Builds Own AI Language Model to Counter China’s Influence (Bloomberg)

  • George Carlin's estate sues over AI-generated stand-up special titled 'I'm glad I'm dead' (CNBC)

  • OpenAI releases new models and lowers API pricing (AINews)

AI App of the Week 💻

AI gets a lot of hype. But how does that help me?

This section is dedicated to No Fomo’s favorite AI tools. We’ll try to fish for things that make your life easier. Or we’ll give honest, informative reviews of apps that are getting a lot of attention.

This Week’s App De Jour: interviewsby

After the recent tech layoffs, some of our readers may be looking for a new job. This will help make your prep more efficient and get a leg up on the competition. 

Interviewsby turns a job description into interview questions you can practice with and review. Your answers will be timed and recorded. 

The best part is you will get instant feedback on your answers and suggestions on where you could improve. 

If it works as well as advertised, this could change the interview game. 

Mining for Memes ⛏️

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One referral = one ticket to win our monthly NFT giveaway.

At the end of the month, we’ll do a raffle and one of our readers will be given a free NFT. The more friends you refer, the better chance you’ll have to win.

If you don’t win, we’ll roll your referral points over from the previous month so your efforts never go to waste.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

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