What's New Today: LinkedIn Reduces Its Workforce Again
Fast-Track Insights: Crypto ETF Approval Hopes Boost Bitcoin Price
Through utilizing the technology that powers ChatGPT, a team of worldwide scientists has come together to launch a ground-breaking research program dubbed Polymathic AI, which aims to develop an artificial intelligence tool specifically designed for scientific study. While Polymathic AI seeks to excel in a different area, ChatGPT primarily focuses on natural language processing. It will be based on numerical data and physics simulations from numerous scientific fields, assisting researchers in modeling a variety of topics like supergiant stars and climatic patterns.
In its second round of layoffs this year, Microsoft-owned LinkedIn fired close to 700 workers. There will be 668 layoffs affecting the engineering, talent, and finance teams.LinkedIn stated in a Monday morning email to staff that it was restructuring to "improve agility and accountability." More than 3% of the 20,000-person workforce will be affected by the cuts, which would result in the technology sector losing tens of thousands of jobs as a result of the bleak economic outlook.
According to Minister Danish Azad Ansari, the Uttar Pradesh government is integrating artificial intelligence teaching modules in madrasas as part of a pilot initiative to train students in emerging technology and to link these institutions with mainstream educational advances. However, a madrasa teachers' union stated that if the government is serious about moving through with this initiative, it must make the appropriate provisions, such as supplying human resources in the schools. Read More
Increasing odds that the Securities and Exchange Commission will soon approve the first spot Bitcoin exchange-traded fund caused Bitcoin and other cryptocurrencies to soar on Monday. There will be more speed bumps along the way, so investors looking for a quick yes should proceed with caution. Before dropping to roughly $28,100 on Monday, the price of Bitcoin soared to above $30,000. That was still 3.5% higher than it was the previous day. Price spiked when news broke that BlackRock (ticker: BLK) had applied to the SEC to start a spot Bitcoin ETF, according to a crypto trade newspaper. The publisher withdrew its tweet and offered an apology when a BlackRock official told Barron that its application was still being considered.
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