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US clampdown has crypto kings looking abroad
US regulators are cracking down on the cryptocurrency industry, causing concern among entrepreneurs who may consider relocating overseas. The Securities and Exchange Commission has charged Binance and Coinbase, claiming that some cryptocurrencies are securities subject to strict rules.
The lack of clear regulation and political gridlock hinder progress in the US, while other countries seize the opportunity. Defenders of digital currencies argue that regulators need to adapt to cryptocurrencies like Bitcoin and Ethereum.
Singaporean student team takes 3rd place in international rocket competition
A Singaporean student team from the Singapore Propulsion Lab achieved an impressive third place in an international rocket-building competition.
This marked the first successful launch and recovery of a rocket designed entirely by a Singaporean student group.
Meta guru says ChatGPT-style AI is out-of-date
Yann LeCun, the chief scientist for Meta (formerly Facebook), declared that generative AI, such as ChatGPT, had reached a dead end and announced a new AI project called JEPA.
LeCun aims to move beyond generative models and develop AI that can conceptualize abstract ideas, challenging the existing hype around generative AI capabilities. Meta CEO Mark Zuckerberg emphasized the company’s focus on developing AI that better reflects human understanding of the world.
Meta has taken a more discreet approach to generative AI compared to its rivals, while also releasing open source AI models requiring less computing power.
