Meta's $40bn buyback, ChatGPT's political bias, Bitcoin NFTs
Bits and pieces of awesome findings
We have to thank Meta for saving the day with its $40bn stock buyback. The crypto market increased too and some hope that this was the market bottom signal.
ChatGPT is biased, especially when it comes to sensitive political topics. When asked to create a poem about Trump it declined, however for Biden wrote one. Sam Altman’s reply on the subject somehow avoids the elephant in the room: is an AI chatbot capable of creating non biased answers?
Twitter’s algorithm is broken, again. Elon Musk started an experiment measuring the reach on locked accounts. Surprisingly the reach doubled.
Bitcoin NFTs? Yes. Yesterday a 4Mb(!) block was mined, the largest in Bitcoin’s history. It’s a marketing stunt for a mining pool, however it’s raising interesting questions: Will taproot spamming bring the downfall of Bitcoin? Will the block war start again? And if you can bribe miners into doing something like this, what’s next?
Charlie Munger, the vice chairman of Berkshire Hathaway kills two birds with one stone: praising totalitarian China while urging the US Government to ban Bitcoin, because “it blocks government control”.
Just 24 hours after Nostr got traction in China giving people access to free speech, Apple took down the Damus app from the AppStore. Interesting to watch how this will fold out, for now a web based version may offer a quick fix.
Ray Dalio says 12 year old (!) Bitcoin is not connected with anything, and “it’s a tiny thing that gets disproportionate attention”.
What is the correlation between human work and company income? It seems the need for workers declined while profits increased. This trend will accelerate with the help of AI.
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