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AI in your Google search 👏👊 👀
Search and browsing may never be the same, no escaping now. JP Morgan CEO bullish on AI. MetaMask removed from Apple App store. Use crypto to buy Ferrari in the US. FTX's $122M SOL staked, now what?
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Generative AI comes to Google search.
Senior Director of Product Management for Search Hema Budaraju announced the upgrades on the official blog post.
"Search has long been a place where you can find information to help with life's questions—whether they're big or small. Advances in AI have driven us to develop simpler and smarter ways to help users uncover valuable insights and make sense of information."
Visualising ideas with generative AI
The new generative AI capabilities in Google Search allow users to conjure up vivid imagery based on text descriptions.
Google's AI can generate images to match precise descriptions.
This extends to Google Images, offering AI-generated visuals, all driven by user queries.
AI-Assisted Content Creation
Google's AI extends its reach into content creation, aiding users in drafting messages or content for various purposes.
Safety and responsibility
Google is committed to ensuring the responsible use of generative AI.
Images generated through this system adhere to the company's prohibited use policy, safeguarding against harmful or misleading content.
Each image produced comes with metadata labelling and watermarks to signify its AI origin.
Google's AI-Centric approach
This announcement underscores Google's ongoing investments in AI.
The company's focus is shifting towards "content created for people" rather than the traditional "written by people" approach, embracing AI's potential.
AI's growing impact
As generative AI gains prominence in 2023 and continues to fuel economic recovery, Google doesn't want to stay back in the race. And now, they have AI-powered the most potent and used tool - the search engine.
TTD Blockquote 🎙️
JPMorgan CEO, Jamie Dimon
“But the way to think about for us is every single process, so errors, trading, hedging, research, every app, every database, you can be applying AI.”
Dimon envisions widespread AI integration in the company, potentially replacing human roles in various operations, he told Bloomberg in an interview.
He expects AI to enhance processes and acknowledges historical job displacement by technology.
Asked whether he expects AI will replace some jobs?
“Of course … people need to take a deep breath. Technology has always replaced jobs,” he explained. Your children will live to 100 and not have cancer because of technology and literally they’ll probably be working three days a week. So technology’s done unbelievable things for mankind.”
He does expresses concerns about AI misuse, and commits to reassigning displaced workers while emphasising AI's positive impact on their workforce.
TTD Metamask 🙄
MetaMask, the largest wallet application in the crypto industry with 30 million monthly active users, can no longer be found in the Apple App Store and may be removed from the Apple Store.
Direct links to the app — on MetaMask's download page — no longer work.
MetaMask Lead Product Manager Taylor Monahan said on X.
In 2019, MetaMask was once removed from the Google play store.
The Securities and Exchange Commission does not plan to file a last-minute appeal challenging an August court ruling in favour of Grayscale. That doesn't mean a spot market Bitcoin ETF is a lock, but surely gives a boots to the odds. According to reports from Reuters and Bloomberg, citing unnamed sources.👇🏻
TTD Ferrari 🙄
Flex your crypto wallet to buy Ferrari in the United States.
Ferrari is tapping into the growing trend of crypto ownership among its clientele. Staring with the US, it plans plans to extend this option to Europe soon, reports Reuters.
This move is seen as a means to broaden their customer base and connect with potential buyers who may not have considered a Ferrari purchase.
Partnership with BitPay for US transactions
In the US Ferrari buyers can use BitPay, a prominent cryptocurrency payment processor.
Buyers can use bitcoin, ether, and the stablecoin USDC for payments, with quick conversion into traditional fiat currencies to shield against crypto price volatility.
Exclusion of countries with cryptocurrency restrictions
Countries with stringent cryptocurrency regulations, such as China, will not be included in Ferrari's cryptocurrency payment expansion.
2025 order book fully committed
Throwback to Tesla's short-lived experiment with accepting Bitcoin payments in 2021, a practice later halted by CEO Elon Musk over environmental concerns.
Despite a fully booked order portfolio until 2025, Ferrari is exploring this payment option as a means of attracting new customers.
TTD Numbers 🔢
The value of staked 5.5 million Solana (SOL) coins by FTX estate.
A wallet address linked to the FTX estate delegated these assets to Figment, a prominent Solana validator, as reported by on-chain analyst 'ashpool.'
The estate, managed by a bankruptcy trustee, encompasses FTX's assets and liabilities at the time of its bankruptcy filing.
The trustee's role is to recover and distribute assets to creditors.
Asset Recovery Success
A court filing dated September 11, 2023, revealed that the FTX estate had successfully recovered about $7 billion in assets.
This recovery included over $1 billion in staked SOL tokens, $560 million in Bitcoin (BTC), $200 million in Bahamian real estate holdings, and $1.9 billion in illiquid assets.
Unlocking SOL Assets
A significant amount of SOL designated for the FTX estate unlocks on a monthly basis, potentially enabling the estate to sell them.
Concerns had arisen among crypto investors regarding a potential sell-off, which could impact SOL's market value.
TTD Surfer 🏄
Despite Major Apple and Meta deals, Microchip Giant Qualcomm to shed 1,200 employees amid declining revenue.
BlackRock seeks court crackdown on 44 copycat sites for scammy domains and “typosquatting” websites for taking advantage of its name.
Platypus Finance on Avalanche faced a security hack. The loss is estimated at over $2 million. Liquidity pools have been temporarily halted.
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