Tech Brew Ride Home Thu. 10/19 – A Setback For OpenAI?
Oct 19, 2023
Cryptocurrency's potential use in terrorism financing is under scrutiny, with some claims being challenged. Netflix reports robust earnings but plans another price hike, while Nokia faces significant layoffs due to plummeting profits. OpenAI encounters a rare obstacle, having to scrap its new AI model. Additionally, WhatsApp introduces a feature allowing users to manage multiple accounts simultaneously. Lastly, legal battles continue in the tech world regarding AI training practices.
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Crypto in Terrorism Financing
- Chainalysis suggests reports may overestimate crypto's role in terrorist financing, citing flawed analysis.
- Terrorist groups primarily use traditional fiat methods, with crypto being a very small portion of illicit activities.
NY AG Sues Crypto Firms
- New York Attorney General Letitia James is suing Gemini, Genesis, and DCG for allegedly defrauding investors of over $1 billion.
- The lawsuit claims Gemini misrepresented Gemini Earn as low-risk while knowing Genesis's loans were undersecured and concentrated with Alameda.
Dual WhatsApp Accounts
- WhatsApp will soon allow users to switch between two accounts on one Android device.
- A separate phone number and SIM card are still required for each account.