LensLinks: Issue 50

Today in LensLinks:

• ChatGPT: Have you tried it? You might be amazed.

• SEC Opposed Microsoft Activision Blizzard Purchase

• What Does and AI Chatbot think of DeFi?

• SEC Charges SBF (finally)

• Value of DeFi and DEXs

• 101: Why a Bitcoin Trading Bot Could Fail

• Citi Downgrades Robin Hood

• And Much, Much More...

It has been a long time since a software release has consumed the tech community as much as ChatGPT, the latest offering from OpenAI, the AI startup founded by Elon Musk.

This chatbot, trained on massive pools of data and now able to answer any query you might have, gained more than a million users in less than a week. Post after post on Twitter revealed the inanimate interface crafting eloquent, believable prose on whatever topic was asked of it. Economist Tyler Cowen even got it to write a passable poem in iambic pentameter about economist Thomas Schelling’s theory of deterrence for foreign policy.

Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC).

The FTC sought to block Microsoft from acquiring the gaming giant as a way to promote fair competition in high-performance gaming consoles and subscription services. However, Microsoft CEO and chairman Satya Nadella had previously stated that acquisition would “play a key role in the development of metaverse platforms.”

If you haven’t played around with the new chatbot from OpenAI you really should. From movie pitches to programming queries to poetry, the AI reliably spits out human-like, logical responses to nearly any prompt you throw at it. Speaking with it has me feeling like I did when I first swiped to unlock the screen of an iPhone.

It’s a funny thing, AI. Like crypto, artificial intelligence has been held up by some as a paradigm shift in how the world ticks. But unlike crypto, which has yet to yield many real-world applications beyond finance, it’s hard to push back against the AI-everything thesis. At some point – probably soon, if not already – it will be difficult to think of an industry that hasn’t been completely upended by machines that can think.

Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

Dear reader: You made it to the bottom. How about forwarding LensLinks to a friend or reposting/re-tweeting? Click the handy links at the top to do so easily. Thanks for reading.

Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.