Google is getting SUED 👀

ISSUE 014

Welcome to the 14th edition of Curious Hours

Welcome back to another edition of Curious Hours and we’ll be looking at a variety of developments regarding AI. So lets get straight into it…

Think of Cardano as a kind of next-gen blockchain. You've probably heard of Bitcoin and Ethereum, right? Well, Cardano is sort of in the same family but with some neat twists. (THIS IS NOT FINANCIAL ADVICE)

• Eco-friendly Tech: Unlike Bitcoin, which uses a ton of energy (imagine all the electricity huge data centres consume), Cardano uses a method called "Proof of Stake" for its operations. It's like if, instead of using gas-guzzling trucks to transport goods, you used super-efficient electric vehicles. This makes it way more environmentally friendly.

• Smart Brains Behind It: Cardano isn't just built by techies; it's got a lot of academic brainpower too. This means smart people from universities are involved in making sure everything in Cardano is top-notch and works smoothly.

• Two-Layer Cake: Imagine Cardano like a two-layer cake. One layer handles simple transactions (like sending and receiving digital money), and the other layer is for smart contracts and fancy apps (think of agreements and applications that run themselves without needing a middleman).

• World-Changing Potential: One of the coolest things about Cardano is its focus on making the world better. It's not just about digital money; it's about helping people, especially in less developed areas, get access to financial services. Like, imagine being able to have a secure digital bank account or insurance without needing a physical bank.

• A Challenger to Ethereum: Ethereum is like the big kid on the block in the world of smart contracts and dApps (decentralised apps). But Cardano is stepping up as a challenger, with its eco-friendly approach and strong foundation, potentially pushing the whole industry to get better.

So, how does this benefit anyone? Well, for starters, it's greener, so it's better for the planet. It's also potentially more secure and reliable, which is great for businesses or anyone who wants to use blockchain for serious stuff. Plus, its focus on accessibility and financial inclusion could help people who are usually left out of the traditional banking system.

In simple terms, Cardano is like a new, improved version of the technology behind digital money and blockchain apps. It's trying to do it in a smarter, more eco-friendly way, and it could help bring the benefits of this tech to more people around the world. Cool, huh?

• Class Action Lawsuit Against Google: A class action lawsuit was filed against Google and its parent company Alphabet, accusing them of anticompetitive behaviour and harming news publishers' bottom lines due to AI's impact​​.

• Large Language Models in Robotics: Agility is utilizsng large language models to communicate with its humanoid robots, indicating the growing intersection of AI and robotics technologies​​.

• OpenAI's Superalignment Team: OpenAI formed a team to develop ways to govern and control superintelligent AI systems. This initiative addresses concerns about AI systems becoming smarter than humans and the need for effective control mechanisms​​​​.

• AI Funding and Investment Trends:

  • Big Tech's Investment in AI Startups: Major tech companies continue to invest heavily in AI startups, although there's speculation about the sustainability of this trend​​.

  • Rise in Europe's AI Funding: Europe is experiencing a significant increase in AI funding, indicating a growing interest in AI technologies in the region​​.

  • OpenAI Competitor's Funding Success: Mistral AI, a competitor to OpenAI, raised $487 million in funding, reaching a valuation of $2 billion​​.

  • Sapphire Ventures' Billion-Dollar Commitment to AI: Sapphire Ventures has committed a billion dollars to AI, reflecting the high level of investor confidence in the potential of AI technologies​​.

  • Perspectives on AI Bubble: Discussions are ongoing about the potential burst of the AI investment bubble and strategies to mitigate related risks​​.

• Significant Funding Rounds in AI: The past week saw major funding rounds in the AI sector, with companies like X-Energy and Seismic Therapeutics leading the way

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