Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Epic Games Announces 16% Workforce Reduction
Fast-Track Insights: Exchanges Federation Pushes for Crypto Trading Regulation and TradFi Compatibility
The creator of the generative AI platform ChatGPT, OpenAI, announced Wednesday that the software can now fetch data directly from the internet and gather up-to-date information in real time. Until now, ChatGPT's responses to user questions were based on a massive database that did not include data after August 2021."ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources," OpenAI wrote on X, formerly Twitter. "It is no longer limited to data before September 2021." It also stated that the most recent addition would enable sites to control how ChatGPT interacts with them.
Epic Games, the video-gaming giant, announced that it would undergo layoffs due to spending more than its earnings. The company's CEO, Tim Sweeney, revealed in an email to the staff that about 830 workers, or 16% of Epic employees, would lose their jobs. Epic also decided to sell Bandcamp, an online audio distribution platform, and spin off most of SuperAwesome, a technology that enables the youth digital media ecosystem. These moves would reduce Epic's workforce by about 250 workers.
In today's data-driven world, businesses of all sizes leverage big data's power to gain valuable insights, make informed decisions, and fuel growth. Small businesses, in particular, can significantly benefit from the use of big data tools to compete with larger enterprises on a level playing field. These tools help streamline operations, improve customer experiences, and increase profitability. Read More
The World Federation of Exchanges (WFE) believes that crypto-asset trading platforms (CTPs) have the potential to play a larger role in the "real" economy and society at large. A study published on September 28th made some harsh remarks concerning CTPs and made some recommendations to regulators. "CTPs should welcome a degree of regulation as a means [s] to bolster the appeal of their markets," according to the WFE. It proposed six principles for CTP regulation.
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