AI Chatbots Getting Worse

A recent research in the Nature Scientific Journal revealed that AI chatbots are making more mistakes over time as newer models emerge. One of the key reasons for this may be because AI models are optimized to always provide believable answers, and the seemingly correct answers are always prioritized. It doesn’t recheck whether the news it’s giving is accurate or not. AI chatbots are just brilliantly coded search algorithm, which answers based on what is most written over the internet.

These AI hallucinations are self-reinforcing meaning older large language models train newer large language models. This method has only led to model collapse and the improvement is very minimum. Editor and writer Mathieu Roy cautioned users not to rely too heavily on these tools and to always check AI-generated search results for inconsistencies.

There have been numerous examples of Google’s finest artificial intelligence drawing blatantly inaccurate images. Some examples of this include portraying Nazis as black people, creating inaccurate images of well-known historical figures. Incidents like this are far too common and are getting worse with new updates. One of the fixes to this issue can be changing these AI hallucinations by forcing AI models to conduct thorough research and provide sources for every single answer given to a user. However, these have been done and the problems still exist. Just in, HyperWrite AI CEO Matt Shumer announced a new 70B model that uses “Reflection-Tuning”- meaning it will analyze its own mistakes and adjust responses over time.

With such stubborn and somewhat flawed search algorithms, AI chatbots provide inaccurate information, suggesting it cannot replace humans anytime soon.

Preserving Polish Art Through Blockchain and Arctic Storage

Blockchain Meets Cultural Heritage Preservation

Poland’s bank Pekao is trying to preserve its cultural heritage with blockchain technology. Pekao has partnered with Aleph Zero in order to carry out this project. This innovative project, Archiv3 aims to digitalize and tokenize famous Polish artworks to ensure their easier accessibility and make them more secure for future generations.

Tokenizing Art and Storing it in the Arctic Vault

Archiv3 uses 3D scanning technology to convert physical artwork into Non-Fungible Tokens (NFTs) on eco-friendly Aleph Zero Blockchain. These NFTs are then stored in the Artic World Archive, which is a highly secure facility situated in Norway. Arctic World Archive is a crucial storage designed to store important information in case of cyber threats and disasters.

The Role of Blockchain in Safeguarding Cultural Assets

This innovative initiative by Bank Pekao highlights the fusion of traditional, cultural artwork into modern technology. This initiative ensures long-term preservation of cultural assets. This project along with other several projects going on currently shows the increasing role of Blockchain in digital asset management.

Messari Announces AI Copilot For Fast and Reliable Crypto Insights

Messari Copilot, the new AI assistant by Messari is designed to provide fast and accurate answers to cryptocurrency-related questions without having to search through endless data.

Messari claims that the AI can pull together information of over 30 terabytes from a variety of sources. It not only researches through current market and prices but also podcasts and reports posted on different social media. The major plus point for this AI assistant is its speed, it gives answers based on data that were updated as recently as 15 minutes. Each response it provided with the source that information was retrieved from, this allows users to verify whether the information they are getting is trustworthy or not.

Jimmy Skuros, Messari’s VP of Product, shared his excitement in the press release. He believes this project to be very fruitful. However, Messari copilot is only available to Messari Pro and Enterprise users at present.

Aptos Acquires HashPalette: Expanding into Japan’s Blockchain Market

Aptos and HashPalette Partnership

Japanese blockchain developer HashPalette has been acquired by Aptos lab, the team behind layer-1 blockchain Aptos Network. This action signals Aptos entry into Japan leveraging its already existing ties in the Japanese market.

Token Migration and Expo

The Palette chain along with its applications is expected to be integrated into Aptos Network by early 2025. This program includes migration of the Palette chain governance token (PLT), which can be exchanged for Aptos token (APT) in later stages. Aptos will also support the digital wallet system for Expo 2025 in Osaka. This will allow customers to interact with NFTs, digital assets, and decentralized apps.

Market Impact and Future Outlook

Following the acquisition announcement, Aptos’ token (APT) increased by a whopping 7%, however, PLT suffered a devastating 15% drop. This project was necessary to show the Japanese stance on blockchain on a global scale. It will introduce a whole new audience of Japanese into the world of crypto.

AI Altcoins Ready For Comeback in Q4 Surge

Summary

Even with the current market turning down, some AI tokens may bounce back. Near Protocol (NEAR), Injective (INJ), and Super Artificial Intelligence (FET) may be the big three for the Q4 surge.

Near Protocol (NEAR)

NEAR recently made an upsurge of 3% and a monthly uptick of 36% which positions its market cap at $6.617 billion. However, this didn’t last long as the broad market liquidation forced it to decline by 8.87% in the last 7 days. The price of NEAR is $4.77 today with a 24-hour trading volume of $632,735,252. Even with recent declines, NEAR still leads the AI and big data category by a market cap of $5,286,046,052.

According to analysts, NEAR could cross the daily high mark of $4.9 and reach up to the $5.5 price point. However, the ongoing market trend could also drag the asset down to $4.0.

Injective (INJ)

Similar to NEAR, Injective (INJ) was also enjoying its monthly upsurge of an impressive 41% until wasn’t. However, its weekly report remains positive, with the 24-hour trading volume up by 21.8%. The price for INJ is $21.26 today with a 24-hour trading volume of $256,998,447. With a circulating supply of 98 Million INJ, Injective is valued at a market cap of a staggering amount, of $2,068,554,543.

According to analysts, INJ could rebound this month to retest its daily high of $24. If it manages to cross this point successfully, it could position the price to $28. However, if the market trend continues it may also go as down as $17.

Super Artificial Intelligence (FET)

FET, one of the leading tokens in the AI ecosystem suffered a 5% weekly decline which was extended to 10% after the sudden pullback of the broad market. However, in the last 24 hours, its price has increased by 1.94% making its current price $1.47. Its 24-hour trading volume was about $649,766,772. With the available supply of $2.6 billion FET, the Artificial Superintelligence Alliance is valued at a market cap of $3,847,650,908.

According to analysts, once FET crosses $1.650, it could surge to $2.2. However, in a worst-case scenario, it may fall as down as $1.

Christie’s Introduces Blockchain Ownership for Art

Christie’s and Kresus Team Up

Christie’s has partnered with Kresus, which is a crypto wallet system used to provide blockchain based certificates of ownership for over 130 artworks. This move brings a new modern method to track art ownership.

Blockchain-Powered Certificates

This project will be using Coinbase’s Base blockchain, with the help of which Christie’s will mint unique digital certificates. These certificates will be stored in Kresus wallet which provides extra secure environment as compared to traditional paperwork. This makes ownership of artwork tamper-proof and easily accessible by the owner.

Art Collection Made Easier

Kresus founder stated how blockchain has helped simplify several other sectors and it’s help will surely simplify artwork management, reducing the hassle of paperwork. This partnership has started painting a picture of blockchain and art coming together.

AI Tokens Drop by $4.69B in Early October

Summary

The “uptober” trend going around for a while seems questionable now as in just 3 days into October, the market for AI and big data-related cryptocurrencies took a major hit, losing $4.69 billion.

The “uptober” word was circulating around a lot, suggesting that October was the month for an increase in AI tokens but instead the first three days show a huge loss of $4.68B. Over just three days the market capital has fallen from $38.82 billion to $34.13 billion. A major AI token, Near Protocol (NEAR) suffered the most as its value lost 14.88% over the past seven days. Bittensor (TAO), another big name in the AI market has also by 9.37%, bringing its price to $492.62. Similarly, Internet Computer (ICP) and Render (RNDR) have also dropped by over 13% contributing to the overall market decline.

Even with such huge losses, the situation still remains pretty good considering how bad it had become in the summer months. The tokens are still $13 billion higher than in summer. This perspective suggests that this recent downturn is just a short-term volatility, the long-term trend remains more optimistic.

Blockchain Technology: A Beginner’s Guide in 5 Simple Steps.

Wanna learn blockchain in simply 5 steps? Here is a guide.

1. What is Blockchain?

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Blockchain is a digital ledger that records all and every transaction detail. This transaction detail is noted down on every participant of said blockchain which makes it nearly impossible to break through by outsiders. This system of information being scattered and saved on different networks is called a decentralized system. The transaction detail or any valid information on the blockchain system is stored in a block and several of these records are joined together by a chain, hence the name Blockchain. Every user on the network gets a copy of the entire blockchain making this digital ledger bulletproof.

2. How Does Blockchain Work?

Blockchain works on several computers called nodes, which validate the information( Mainly transactions). When a transaction occurs, its detail is bundled up with others in a block and several nodes scan the block as well as validate its integrity. Once the transaction is validated the block is added to the blockchain, forming a permanent record. This process ensures data integrity and data security of the whole block.

3. Smart contract

Smart Contracts are policies and rules that bind all the pieces of blockchain together. These are self-executing contracts with terms and conditions written into code. Once the terms and conditions are met this contract will automatically enforce itself, removing the need for Middle-Man during transactions. Smart Contracts provide transparency, security, and Immutability. This ensures that data cannot be altered without detection.

4. Layer-1 and Layer-2 Blockchains

I) Layer-1 Blockchains:

Layer-1 Blockchains are foundational blockchains that can establish, manage, and record all transactions on their own. Examples include Bitcoin, Ethereum, and Binance Smart Chain. Layer-1 Blockchains do face scalability and speed issues due to the limited number of transactions per second.

II) Layer-2 Blockchains:

Layer-2 Blockchains are simply upgraded and better versions of Layer-1 Blockchains. Layer-2 Blockchains are built on top of the base layer( Layer-1). They process transactions off-chain reducing the load on layer 1 and increasing its work efficiency.

5. Uses of blockchain

  • Cryptocurrency
  • Supply Chain Management
  • Healthcare
  • Voting System
  • Finance

Conclusion

By understanding these 5 points, you’ll have a basic and general grasp of blockchain technology, including the difference between Layer 1 and Layer 2 blockchain.

Will BTC Hit $200K Next Year ?

The name Dave The Wave is famous in the digital world for his near-perfect accuracy on market predictions. He has again predicted a dramatic change in one of the leading cryptocurrencies by the end of 2025. Given his track record of successfully calling out and predicting market trends in the past, several Blockchain enthusiasts have their notebooks out for a delightful reward.

Dave the wave makes a subtle prediction on the future of Bitcoin.

Through a combination of technical analysis and the use of his Logarithmic Growth Channels(LGC), he has forecasted a dramatic price increase for the leading cryptocurrency Bitcoin. He predicts an increase of 214% from its current value making the price value of BTC $200,000 which is an absurd amount. He further supports and shows a positive outlook for Bitcoin in the coming years.

Dave the Wave who has accurately predicted previous market moves shared another forecast on the potential future of Bitcoin. He predicted bitcoin hitting a remarkable value of $200000 on X (Formerly Twitter), He based his prediction on his own Logarithmic Growth Channels(LGC). LGC is used to determine short-term volatility as well as long-term market trends. He also mentions Bitcoin forming a cup-and-handle pattern on weekly charts. He also notes that BTC appears to follow a strange pattern of higher highs and higher lows which suggests a strong bullish momentum.

A Famous Name, Dave the wave forecasted Bitcoin hitting a wildly absurd milestone of $200,000 market value. He also expressed good outlooks for Bitcoin in the future.

ANZ Bank Explores Tokenized Assets with Project Guardian

ANZ Bank Joins Project Guardian

ANZ Bank, one of Australia’s ” Big Four ” banks has become the first Australian bank to join Project Guardian. This program is led by the Monetary Authority of Singapore. This project has its objective to use blockchain to represent real-world assets as digital tokens. This project is formed on collaboration between Chainlink Labs and ADDX. ANZ will test the ability of computer systems to exchange and make use of the information of those digital tokens on a private blockchain.

Exploring Tokenized Assets and Blockchain Interoperability

ANZ is borrowing Chainlink’s cross-chain ability to profit from the exchange of tokenized assets, such as commercial paper. This project runs on a platform already established by other successful organizations like Swift’s. Tokenization allows real-world traditional assets to be represented digitally making it several times easier to trade on blockchain networks. However, this does come with a great challenge which is Interoperability (This is the ability of computer software to exchange and make use of provided information) between different blockchain networks. ANZ directs this issue by providing a better-decentralized network.

Paving the Way for Digital Finance Innovation

ANZ is venturing into the digital market to help customers navigate the evolving landscape of the blockchain ecosystem. The bank’s participation in Project Guardian represents its positive outlook towards the new digital age. This action just causes a domino effect and later in the future, we might see even more banks being involved in such programs.

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