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What's New Today: Microsoft Unveils Bing Search Engine Powered by OpenAI. With Chat-Based Search, the Software Giant Hopes to Gain a Competitive Advantage Over Google.
Fast-Track Insights: Elon Musk Joins the AI Hype as the Prices of these Tokens Rise Vertically. Sectoral Coins are in High Demand as Elon Musk Discusses Artificial Intelligence.
Artificial intelligence is used to power ChatGPT, a chatbot that uses natural language. The chatbot, created by the technology firm OpenAI, can write essays, poems, and even complex code in a matter of seconds. Nevertheless, despite the tool's impressive software, many experts have expressed concern about it. Twitter's newest owner and billionaire Elon Musk is one of these critics. The sophisticated chatbot is "concerning," the Tesla CEO wrote in a tweet. Musk's remark was in response to a tweet that had included a screenshot of ChatGPT's response to a hypothetical question. Journalist Aaron Sibarium questioned ChatGPT on whether it's acceptable to "utter a racial slur" in order to "disarm a nuclear bomb." ChatGPT responded, "It is never morally acceptable to utter a racial slur—even in jest.
The newest advancements in artificial intelligence have been incorporated into a new version of Microsoft's Bing search engine. The update uses OpenAI's ChatGPT technology, which has been sweeping the globe since its release a year ago. The action ushers in an AI arms race between the two companies and represents by far the biggest threat to Google's dominance in web search. Satya Nadella, CEO of Microsoft, said, "The race begins today." ChatGPT, a product of Microsoft-backed OpenAI, produces responses to search queries that are human-like. Mr. Nadella stated that he believed it had the potential to alter how people interact with other software and conduct online searches. He asserted that "pretty much every software category we are aware of will change due to this technology."
According to a person familiar with the plans, Microsoft intends to develop software that will enable large corporations to create their own chatbots using the OpenAI ChatGPT technology. When companies release chatbots created with the software, Microsoft or OpenAI branding will be removed. Microsoft announced Tuesday that it is working to integrate ChatGPT technology into many of its products, including Bing and Edge. In addition, according to a person briefed on the matter who asked to remain anonymous because the discussions involved private plans, Microsoft intends to announce technology that will enable governments and schools to build their own bots using ChatGPT. Microsoft envisions using the new technology to assist clients in launching new chatbots or improving their current ones.
Recently, there was a significant technical development in the Bitcoin market. The 50-Day Simple Moving Average (SMA) of Bitcoin, which is currently at $19,825 and has moved north of the 200-Day SMA, which is currently at $19,723, for the first time in more than a year. When the 50-Day SMA crosses the 200-Day SMA, this is referred to by technicians as a "golden cross" and indicates that the market's momentum has changed significantly for the better. The golden cross on Tuesday is only Bitcoin's seventh in the previous ten years. When making trading decisions, some analysts use a golden cross as a buy signal, or at the very least, they include it in their collection of technical and other indicators. Given that investors frequently monitor the technical indicators represented by the 50- and 200-Day SMAs, a golden cross might increase the buying pressure on the Bitcoin market should it prompt more buyers to do so.
When Elon Musk posted a meme about artificial intelligence today, the hype surrounding the technology at the beginning of 2023 can be said to have advanced to the next level. The eccentric billionaire's action clearly signaled the rising popularity of AI, which was immediately reflected in the quotation of specific tokens on the cryptocurrency market, with an audience of almost 130 million people. Therefore, leaders in the AI cryptocurrency space like The Graph (GRT), SingularityNET (AGIX), Fetch (FET), and Ocean Protocol (OCEAN) have seen an 8 to 12 percent increase in momentum since Musk's publication. Furthermore, as these tokens increased by more than 20% and 30% in a single day, the rationale for converting percentages into money became more compelling than ever.
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