Tech Brew Ride Home Wed. 04/12 - Twitter Inc. No Longer Exists?
Apr 12, 2023
Elon Musk reveals Twitter's transformation into X Corp as it phases out its previous identity. The platform is diving into generative AI, sparking curiosity and concern. Meanwhile, global VC funding for crypto startups hits a troubling low, dropping 80% from last year's peak. In China, video game illustrators are facing job losses due to AI-generated art, while Reddit moderators brace for an influx of AI spam. This dynamic tech landscape raises questions about the future of jobs and moderation online.
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Twitter Merges with X Corp
- Elon Musk's Twitter Inc. no longer exists, merging with X Corp in a move toward an "everything app."
- This merger suggests Musk's broader vision for X, potentially encompassing Tesla, SpaceX, and other ventures.
Twitter's Generative AI Project
- Twitter is developing generative AI, purchasing 10,000 GPUs and hiring DeepMind engineers.
- Musk's project aims to rival ChatGPT, potentially leveraging Twitter's vast data for training.
Crypto VC Funding Plunges
- Global VC funding for crypto startups dropped 80% in Q1 2023, reaching its lowest since 2020.
- The FTX collapse and Silicon Valley Bank's failure contributed to increased investor caution and due diligence.