🗿 Google Bought the Internet

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GM. This AI stuff got me thinking, could we one day generate storylines for our favorite shows and movies? “Hey Max, make a new season of Succession with a murder mystery.”

Around the world, the EU and Asia are adjusting their stances on AI; more nations are pushing for transparent crypto legislation; Google wants to scrape the entire Internet.

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

Today’s Specials:

No FOMO News 📰 : Belarus Working to Ban P2P Crypto Transactions to Fight Fraud 😅

No FOMO 🗿 : Google Wants To Scrape The Internet 🔬

AI Intel 🤖 : The US Air Force builds 1,000 heavily armed AIs 😏

Conference Corner 📅 : Let’s Go to Barcelona & Paris 🌴 

This is Financial Advice 🤑 : Watch Your Lunch 🍕

No FOMO News 📰

• Belarus Working to Ban P2P Crypto Transactions to Fight Fraud (Decrypt)

• Bitcoin ETFs: Even worse for crypto than central exchanges (Cointelegraph)

• Singapore tells crypto operators: act like grown up financial institutions (The Register)

• Coinbase surges after CBOE names crypto exchange in bitcoin ETF application (Reuters)

• South Africa to mandate crypto exchange licenses by year-end: Report (Cointelegraph)

• ‘Crypto Companies Must Get Ready to Comply’: UK Financial Regulator (Decrypt)

• Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says (Cointelegraph)

• Thailand Follows Singapore, Bans Crypto Exchanges From Offering Lending Services (Decrypt)

• OKX Overcomes FTX-Related Concerns Around Crypto Industry in $70M Expansion of Man City Sponsorship (Cointelegraph)

• Canadian teens allegedly stole over $4M in crypto by impersonating Coinbase support (Cointelegraph)

Google Wants To Scrape The Internet 🌐

Google is now scraping everything you post online to build its AI tools 🫣

What ya need to know

• Google updated its privacy policy – explicitly saying that it reserves the right to harvest and harness data posted on any part of the public web. Yikessss

• This is an unusual clause for a privacy policy. And we have some questions.

• One of the less apparent complications… where do data-hungry chatbots source their information??

• As it turns out, the big dogs – namely Google and OpenAI – scraped vast portions of the internet to fuel their robot habits, and it's unclear whether this is legal.

Let the data wars begin…

• Users are already affected by the data wars, as Twitter and Reddit turn off free access to their API to prevent data harvesting. This broke third-party tools that many people used to access those sites.

• On Reddit, the effect of API changes was particularly noisy, and it's likely to have permanent consequences as spurned moderators hang up their hats.

What does this mean for you?

• If you post anything online, assume that Google can read it and that it might be used to train its AI tools.

• This could include things like your blog posts, restaurant reviews, and even private messages.

• It's not clear what Google will do with this data, but it's possible that it could be used to create chatbots that mimic your writing style or target you with advertising.

What can you do?

• You can read Google's privacy policy to learn more about how your data is used. Lol have fun reading that

• You can also use privacy-focused tools like DuckDuckGo and ProtonMail to reduce the data you share with Google. Encrypted is the future…

• Be mindful of what you post online, and consider whether you're comfortable with Google having access to it.

TLDR; your life on the Internet fuels Big Data and AI. Be careful what you put out there.

AI Intel 🤖

• The US Air Force is transforming warfare with 1,000 heavily armed AIs (The Telegraph)

• Google Says It'll Scrape Everything You Post Online for AI (Gizmodo)

• Stability AI CEO: AI will replace human coders in five years (Developer)

• Goldman Sachs says A.I. will ‘super-charge’ music creation and names 5 stocks to buy (CNBC)

• Music with AI elements can win a Grammy, Recording Academy CEO says in report (Cointelegraph)

• Generative AI in Games Will Create a Copyright Crisis (Wired)

• Japan leaning toward softer AI rules than EU -source (Reuters)

Conference Corner 📅

The summer conferences are upon us with ETH.BCN starting today until July 9, and ETH.CC just around the corner in Paris from July 17-20.

Going to Barcelona? We have the alpha and a discount code just for our readers

Going to Paris? We didn’t forget about you

This IS Financial Advice 🤑

Bears are extra hungry this summer, and no we are not talking about the market. Watch your food fam.

Shameless Shill + Alpha

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