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  • 💲 Bitcoin Miners Flock to AI as Profits Dry Up After "Halving Event"

💲 Bitcoin Miners Flock to AI as Profits Dry Up After "Halving Event"

When Bitcoin Mining Becomes Less Lucrative: AI Emerges as a New Frontier for Miners

Hello! 👋👋

Here are 5 things you missed today in the world of AI. Because we get it, life is busy & who has the time to sit around and keep up with the fastest moving industry right now - here are 5 things we think you need to know in the world of AI.

1 - 💲 Bitcoin Miners Flock to AI as Profits Dry Up After "Halving Event"

The cost of mining Bitcoin just got tougher. A recent Bitcoin halving cut miner rewards in half, making it difficult for some companies to stay profitable with older equipment. This has led them to shift gears and leverage their existing data center infrastructure for a new opportunity: building data centers specifically designed for the booming field of Artificial Intelligence.

2 - 🕶️ Meta Eyes Investment in Ray-Ban to Bolster Smart Glasses Push

Meta is looking to buy a stake in EssilorLuxottica, the company that makes Ray-Ban sunglasses. This comes as their partnership on smart glasses is proving successful - the latest version sold more in a few months than older ones did in two years. Meta is adding AI features to the glasses to stay competitive, while EssilorLuxottica's purchase of streetwear brand Supreme shows they're also looking for new ways to connect with customers.

3 - 💻 OpenAI Makes Powerful AI More Accessible with Smaller, Cheaper Version

OpenAI released GPT-4o mini, a smaller and cheaper version of their powerful AI model. This new model is meant to make AI development more accessible with its lower cost (60% cheaper than previous models) and strong performance (scoring 82% on a language understanding benchmark). Initially focused on text and vision, GPT-4o mini is expected to support multiple formats like audio and video in the future, paving the way for a wider range of AI-powered applications.

4 - 😬 Nvidia's China Business at Risk as Key Chip Faces Banning

The US might restrict the sale of advanced chipmaking equipment and chips to China. This could include Nvidia's H20 chip designed for China and potentially impact companies in other countries like Japan and Netherlands. The move aims to limit China's access to advanced chip technology.

5 - 🏋🏻‍♂️ Google's AI Tech to Take Center Stage During Paris Olympics Broadcast

Gear up for the Olympics with an AI twist! Google joins Team USA as the official AI sponsor, bringing its tech to the 2024 broadcast on NBCUniversal. Explore 3D venue models with Google Maps, and get instant answers to Olympic trivia with Google Search AI. Even catch comedian Leslie Jones using Gemini, Google's AI assistant, to learn about the Games!

Written by AI Bulletin team - Australia
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