Top Tech News Today: Elon Musk Plays a Mean Prank on Twitter Critics! Charlie Munger Says Crypto Equals Fraud and Delusion

Elon plays a mean prank on those demeaning his decisions about Twitter! Read more tech news here

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

What's New Today: Researchers at MIT have developed an AI and ML algorithm that overcomes almost all scaling issues by only solving differential equations.

Fast-Track Insights: Several reports claim that FTX experienced a hack, taking millions of dollars of crypto from the firm, worrying investors are desperate to get their funds back.

Elon Musk plays a mean joke on Twiterattis! A recent post on his platform said "Welcoming back Ligma & Johnson", along with it he posted a picture with two young men beside him, who seemed like employees. But here's the trick, the two gentlemen were just pranksters who helped Musk pull off a grand prank earlier, posing as employees who are fired from the company. This is all part of Elon's plan to mock Twitter critics who demeaned his decision to lay off employees.

Over the last year, MIT researchers have been searching for ways to ease up AI scaling issues. Earlier, data throughput had become limited, and scaling such solutions have become inherently expensive. However, MIT researchers have found a solution to these issues just by solving differential equations. They solved these differential equations through synapses to unlock a new type of agile and efficient artificial intelligence algorithms.

Chinese tech giant Tencent Holdings has started laying off employees from its video streaming, gaming, and cloud businesses. The layoffs could vastly affect divisions like platform and content, gaming-focused interactive entertainment department, and cloud and smart industries group. Currently, the company has declined to comment on it, however, the current economic headwinds are aiming for the worst turns.

Berkshire Hathaway's Vice Chairman, Charlie Munger has been a long-term crypto skeptic. He recently calls crypto a toxic combination of fraud and delusion. These comments came after the crypto market experienced a wild week, as one of the world's largest crypto exchanges filed for bankruptcy protection. FTX's fall has caused a massive decline in the values of major digital assets, further, instigating major losses among investors.

Reports claim that FTX had undergone a severe hack, stealing millions of dollars of crypto from the company. Back in September, the financial watchdog, the Financial Conduct Authority (FCA) warned that FTX might be providing financial services or products in the UK without its authorization. Now that FTX is undergoing a major liquidation crunch, experts warn that it is unlikely that investors are going to get their money back.