Top Tech News Today: Do You Support Instagram or Twitter? ‘I Have a Question for You’ – Elon Musk! Crypto.Com Cuts Down Its Workforce, Blames the Issue on FTX Controversy

Elon Musk asks an exciting question, and says to choose Instagram or Twitter! Read more tech news

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

What's New Today: Microsoft Plans To 'Soon' Integrate ChatGPT with The Azure OpenAI Service: C.E.O. Satya Nadella.

Fast-Track Insights: Three Arrows Capital Plan Founders Launch Trading Platform for Distressed Crypto Debt.

Elon Musk has a question for everyone on Instagram and Twitter. The CEO of Twitter took to the microblogging site and stated, " Instagram makes people depressed & Twitter makes people angry. Which is better?" His inquiry elicited a variety of intriguing replies from internet users. TJ Moe, a former American football player, remarked, " Twitter gives me news and keeps me informed. Instagram shows me pictures of people I care nothing about and now they're trying to become Tik Tok. I'll take twitter". Kyle Becker, CEO of Becker News, stated, "Instagram is useless. Twitter is the best place for timely information." The post drew a lot of attention. Amid the Twitter and Instagram argument, the topic of LinkedIn came up. Many users claimed that Instagram is a happy trap that makes you wish you were someone else and that Twitter is a better platform than Instagram.

Microsoft said that it would soon integrate OpenAI's well-known AI bot ChatGPT into its cloud-based Azure service. The software behemoth also declared that its Azure OpenAI Service, which allows users access to numerous AI technologies for use in their apps, is now "generally available." The announcement comes amid rumours that the business is seeking to increase its $1 billion interest in OpenAI, which was previously reported in 2019. CEO Satya Nadella stated that ChatGPT would soon be included in the Azure OpenAI Service, which is now generally available. This will allow users to apply the most cutting-edge AI models to their business imperatives.

To promote innovation in Renewable Energy and Safety, the IIT Palakkad Technology IHub Foundation (IPTIF) is providing up to Rs 2 crore through its premier national competition Samarth Maha Utsav. The Tech hub supports teams who have a workable prototype and a business strategy for large-scale commercialization to support inventors, entrepreneurs, and start-ups in the renewable energy and safety sectors. Samarth Maha Utsav aims to play a significant part in fostering innovation in the energy and safety sectors, assisting in addressing some of the major issues these industries are currently dealing with, fostering progress, and improving the quality of life for people and communities all over the world.

Companies have been laying off workers left, right, and center as the global economy weakens. Additionally, the FTX incident has made things particularly difficult for cryptocurrency companies that have cut off a sizable portion of their workforce. Crypto.com just let go of almost 20% of its workforce, adding its name to the list. At Crypto.com, this is the second significant layoff in a year. Despite the current economic recession, the most recent layoffs should have been averted, according to Kris Marszalek, co-founder, and CEO of Crypto.com. However, when the FT scandal hit the industry, everything altered radically. "The reductions we made last July positioned us to weather the macroeconomic downturn, but it did not account for the latest fall of the market," Marszalek stated on the business's official blog.

The co-founders of the now-liquidated cryptocurrency hedge fund Three Arrows Capital are presenting a new business that specializes in bankruptcy claims involving digital currencies. The founders of the now-defunct Three Arrows Capital, Kyle Davies, and Su Zhu, are featured in a presentation deck that CNBC has reviewed. According to the pitch deck, they aim to launch the platform no later than the end of February. The co-founders of a cryptocurrency hedge fund that has since been liquidated are seeking investors for a new project that aims to profit from other bankruptcy filings in the industry.