Top Tech News: Musk: OpenAI Must Change Name to End Lawsuit

Top Tech News:  Musk: OpenAI Must Change Name to End Lawsuit
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Elon Musk jokingly asks that OpenAI alter its name to "ClosedAI" to dismiss the lawsuit

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today: Hitachi Seeks Graduates, and Postgraduates for Associate Buyer Role

Fast-Track Insights: Funding Rates Cool Down as Bitcoin Retreats From US$69K

Elon Musk, CEO of Tesla and SpaceX, is still at odds with OPenAI, the manufacturer of ChatGPT. In the newest volley in his continuing legal struggle with OpenAI, the startup behind the popular AI tool ChatGPT, Musk has imposed a condition on dropping the complaint. In a social media post, Musk indicated that he would withdraw the case if OpenAI changed its name to "ClosedAI."  "We're sharing some facts about our relationship with Elon Musk, and we intend to move to dismiss all of his claims," OpenAI said in a post on X.

Hitachi is seeking an experienced Associate Buyer for its Bangalore site. This function performs material procurement requests by the specified technical specifications, price, delivery schedule, and conditions. Ensure that purchase operations follow company purchasing rules and procedures while under monitoring.

Video analytics is a potent technology with applications in marketing, entertainment, security, and other fields. It is the process of gaining insightful knowledge from video footage. However, there are difficulties in complexity, diversity, and the requirement for accuracy and efficiency due to the massive amount, variety, and velocity of video data. This is the application of big data. Big Data, defined by the four Vs: volume, variety, velocity, and veracity, offers the capacity to unearth obscure patterns, trends, and insights, enhancing performance and decision-making. Read More

Bitcoin's (BTC) overnight drop from fresh record highs has removed undue leverage from the market, restoring normal financing rates in the crypto perpetual futures market. The largest cryptocurrency by market value decreased 10% to US$59,700 after setting a new lifetime high of around US$69,000. The slump resulted in the forced closure of US$1 billion in leveraged perpetual futures bets across the digital asset markets. The CoinDesk 20 Index (CD20), a wider market index, reached a high of US$2,627 on Tuesday but has since fallen to US$2,496.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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