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Elon Musk Changes Twitter Logo to Shiba Inu Causing Dogecoin to Jump 30 Percent

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Elon Musk Changes Twitter Logo to Shiba Inu Causing Dogecoin to Jump 30 Percent

Dogecoin cryptocurrency increased by over 30% on Monday after Twitter CEO Elon Musk changed the blue bird on his company’s website with a Shiba Inu, the digital coin’s logo.

On Friday, lawyers for Twitter and Musk asked a federal court to dismiss a $258 billion lawsuit from 2022 that accused Musk of manipulating the price of Dogecoin and driving it up by more than 36,000%.

Musk posted a meme about the change to his 133.5 million Twitter followers after changing the Twitter logo to a Shiba Inu image. The dog showed only for some Twitter users, including those on the company’s website. Twitter did not reply to a comment request.

Musk has been promoting Dogecoin for several years. He regularly tweets about the token, created as a joke in 2013, creating predictable volatility each time. Dogecoin is the eighth-most valued cryptocurrency, with a market cap of more than $13 billion, according to CoinMarketCap.com.

In a court filing Friday, Musk’s lawyers characterized his public statements about the coin as “innocuous and frequently silly tweets.”

However, Musk’s public support for the coin extends beyond social media comments. Tesla and SpaceX are two of Musk’s other businesses.

elon musk twitter

Two of Musk’s other companies, Tesla and the Boring Company, are named in the lawsuit.

Tesla announced in December 2021 that it would take Dogecoin for some merchandise. Musk stated on Twitter then that Tesla would “see how it goes.”

Following that post, the price of Dogecoin increased by more than 20%. When Musk declared on Twitter in January 2022 that Dogecoin payments were now available, the cryptocurrency rose by up to 15%.

Tesla does have digital assets, including bitcoin, on its books, and it still takes Dogecoin as payment for some merchandise.

“We have not sold any of our Dogecoin,” Elon Musk said last year during an earnings conference. “We have it still.”

Musk has stated that he directly owns Dogecoin.

In a recent tweet, Musk wrote “Dogecoin” in response to a picture of himself next to News Corp. Chairman Rupert Murdoch.

elon musk twitter

What’s Elon Musk’s name doing in the source code for Twitter’s algorithm?

Meanwhile, Elon Musk describes it as “weird” that his name was discovered in Twitter’s algorithm source code alongside designations such as “Democrat” or “Republican.”

Elon Musk responded to questions about the platform’s source code being released on GitHub on Friday.

During a Twitter Spaces event, two users pointed out that Musk’s name had been coded into Twitter’s recommendation algorithm, which explicitly labeled whether Musk had authored a tweet.

“I think it’s strange,” Musk said. “By the way, this is the first time I’ve heard of it.”

A branch of Twitter’s algorithm revealed that the platform not only recognized whether Musk wrote a tweet but also labeled tweets based on whether the user was a “Democrat,” “Republican,” or “power user.” The code segment has since been removed from GitHub.

“What’s going on, guys?” Musk asked Twitter engineers in the conversation.

During the meeting, Brian Wichers, a senior engineering manager at Twitter, stated that the specific categories were added to the algorithm about ten years ago and are “not overly important in how it’s used throughout the code base.”

Another Twitter engineer on the call clarified that the code is only used for monitoring and to “make sure we don’t bias toward one group versus another,” not for “special treatment.”

 

Musk stated that the code was an example of something the business should eliminate immediately.

“It definitely shouldn’t be dividing people into Republicans and Democrats. That makes no sense,” Musk said. “That’s why I prefaced this that there will be a ton of stupid, embarrassing things,” he added.

On Friday, Twitter published the code determining which tweets appear in a user’s For You timeline. Musk has been saying for months that he will increase transparency by open-sourcing the code of the social media site. On Twitter on Friday, the billionaire stated that the release reflected “most of the recommendation algorithm” and that the remainder would be released in the future.

Musk has previously criticized Twitter’s code and stated during his Twitter Spaces appearance that the business will change its code based on recommendations from outside engineers on GitHub.

Twitter explained how the algorithm determines which tweets to feature in a blog entry explaining the choice to release the code. According to the company, it has a three-step process that gathers the best tweets from “different recommendation sources,” ranks them using a “machine learning model,” and filters out blocked tweets, inappropriate tweets, or posts the user has already seen.

It’s not the first time that questions have been raised about Musk’s material being promoted on Twitter. Platformer reported in February that the billionaire had fired a Twitter engineer after the employee told him his popularity was dwindling on the site and had assigned engineers to investigate why his tweets were receiving fewer views after his tweet during Super Bowl Sunday received less engagement than President Joe Biden’s. According to the publication, Twitter engineers briefly gave Musk’s tweets an “artificial boost”.

Musk appeared to recognize his increased exposure on the site at the time, posting a meme about his tweets, and later stated that the company would be making additional changes to the algorithm.

Platformer revealed last month that Musk was not the only user benefiting from an artificial boost. According to the publication, Twitter has an internal Twitter list of 35 users established to monitor how algorithm changes affected the site’s most popular users but have since evolved into a list of people who receive preferential treatment on the platform.

With over 133 million followers, Musk is the most followed Twitter user.

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OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

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DUBAI, UAE — The CEO of ChatGPT-maker OpenAI stated on Tuesday that the hazards that keep him awake at night about artificial intelligence are the “very subtle societal misalignments” that might cause the systems to wreak havoc.

Sam Altman, addressing via video call from the World Governments Summit in Dubai, reaffirmed his proposal to establish an organization similar to the International Atomic Energy Agency to monitor AI, which is expected to advance faster than the world expects.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

“There are some elements in there that make it easy to imagine what may go wrong. And I’m not particularly interested in the killer robots walking down the street causing things to go wrong,” Altman remarked. “I’m much more interested in the very subtle societal misalignments where we just have these systems out in society and through no particular ill intention, things just go horribly wrong.”

However, Altman emphasized that the AI sector, including OpenAI, should not be responsible for developing industry laws.

“We are still in the middle of a lot of discussions. So, you know, everyone in the world is holding a conference. “Everyone has an idea, a policy paper, and that’s fine,” Altman explained. “I think we’re still at a time where debate is needed and healthy, but at some point in the next few years, we have to move towards an action plan with real buy-in around the world.”

OpenAI, a San Francisco-based artificial intelligence startup, is a leader in the industry. Microsoft has invested billions of dollars in OpenAI. The Associated Press has reached a partnership with OpenAI to grant them access to its news archive. Meanwhile, The New York Times sued OpenAI and Microsoft for using its content without permission to train OpenAI’s chatbots.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

Altman’s success with OpenAI has made him the public face of generative AI’s rapid commercialization and anxieties about what the new technology may bring.

The UAE, an authoritarian federation of seven hereditary sheikhdoms, shows evidence of this risk. Speech remains strictly regulated. These constraints impact the flow of reliable information — the same details that AI programmes like ChatGPT employ as machine-learning systems to deliver user replies.

The Emirates also boasts the Abu Dhabi corporation G42, led by the country’s strong national security adviser. Experts believe G42 has the world’s leading Arabic-language artificial intelligence model. The corporation has been accused of spying due to its involvement with a mobile phone app identified as spyware. It has also faced allegations that it secretly collected genetic material from Americans for the Chinese government.

Due to American concerns, G42 has announced that it will break connections with Chinese suppliers. However, the conversation with Altman, hosted by the UAE’s Minister of State for Artificial Intelligence, Omar al-Olama, addressed none of the local issues.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

Altman, for his part, said he was encouraged to see schools embrace AI as critical for the future, despite teachers’ fears that pupils might use it to compose papers. However, he stressed that artificial intelligence is still in its early stages.

“I think the reason is the current technology that we have is like… that very first mobile with a black-and-white screen,” said Altman. “So, give us some time. But, in a few more years, I believe it will be far better than it is now. And in a decade, it should be rather extraordinary.”

SOURCE – (AP)

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Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

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LONDON — Amazon cancelled its acquisition of robot vacuum firm iRobot on Monday, citing “undue and disproportionate regulatory hurdles” after the European Union opposed the transaction.

The firms announced in a joint statement that they were disappointed but agreed to end the acquisition. The merger drew antitrust attention on both sides of the Atlantic, especially in Europe, where authorities investigating competition issues were scheduled to make a final decision by February 14.

Amazon said that in 2022, it would buy iRobot, the producer of the circular-shaped Roomba vacuum, for $1.7 billion cash. However, the deal’s value decreased by 15% after iRobot took on extra debt.

Amazon will pay the Bedford, Massachusetts-based business a previously agreed-upon termination fee of $94 million, iRobot said in a separate release, which also revealed that it would lay off around 31% of its workforce and fire its CEO.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

The European Commission, the European Union’s executive arm and top antitrust watchdog warned Amazon last year of its “preliminary view” that the iRobot acquisition would reduce industry competition.

While British antitrust regulators cleared the deal in June, the Federal Trade Commission in the United States continued investigating.

The European Commission waited to respond to a request for comment. It was concerned that Amazon would minimise the exposure of an iRobot competitor’s product or restrict access to certain labels, such as “Amazon’s Choice,” which could draw more customers.

Last year, the commission said that Amazon may have discovered ways to boost the expenses for iRobot’s competitors to advertise and sell their products on its platform.

Amazon’s chief counsel, David Zapolsky, slammed authorities, saying consumers would miss out on “faster innovation and more competitive prices.”

“Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,” he added.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

He also pointed out that “undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition— the very things that regulators say they’re trying to protect.”

Now that the purchase has been called off, iRobot has announced a restructuring strategy to stabilise the company. The corporation plans to lay off approximately 350 people as part of these reforms.

Colin Angle, iRobot’s chairman and CEO, will also step down. Glen Weinstein, the company’s executive vice president and chief legal officer, will become interim CEO.

Consumer rights groups had expressed worries about the Amazon-iRobot merger, claiming it would increase the ecommerce giant’s domination in the smart home industry.

Amazon has previously acquired several smart home firms, including Blink, Ring, and Eero, a mesh-networking Wi-Fi company.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

This is the latest example of a partnership between US corporations that failed after being scrutinised by European regulators.

Adobe abandoned its $20 billion acquisition of online design business Figma last year due to antitrust concerns raised by the EU and the UK. After losing legal battles with antitrust officials in Europe and the United States, biotech giant Illumina was forced to cancel its $7.1 billion acquisition of cancer-screening business Grail.

SOURCE – (CNN)

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AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

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amazon

LONDON — Amazon cancelled its acquisition of robot vacuum firm iRobot on Monday, citing “undue and disproportionate regulatory hurdles” after the European Union opposed the transaction.

The firms announced in a joint statement that they were disappointed but agreed to end the acquisition. The merger drew antitrust attention on both sides of the Atlantic, especially in Europe, where authorities investigating competition issues were scheduled to make a final decision by February 14.

Amazon said that in 2022, it would buy iRobot, the producer of the circular-shaped Roomba vacuum, for $1.7 billion cash. However, the deal’s value decreased by 15% after iRobot took on extra debt.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon will pay the Bedford, Massachusetts-based business a previously agreed-upon termination fee of $94 million, iRobot said in a separate release, which also revealed that it would lay off around 31% of its workforce and fire its CEO.

The European Commission, the European Union’s executive arm and top antitrust watchdog warned Amazon last year of its “preliminary view” that the iRobot acquisition would reduce industry competition.

While British antitrust regulators cleared the deal in June, the Federal Trade Commission in the United States continued investigating.

The European Commission waited to respond to a request for comment. It was concerned that Amazon would minimise the exposure of an iRobot competitor’s product or restrict access to certain labels, such as “Amazon’s Choice,” which could draw more customers.

Last year, the commission said that Amazon may have discovered ways to boost the expenses for iRobot’s competitors to advertise and sell their products on its platform.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon’s chief counsel, David Zapolsky, slammed authorities, saying consumers would miss out on “faster innovation and more competitive prices.”

“Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,” he added.

He also pointed out that “undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition— the very things that regulators say they’re trying to protect.”

Now that the purchase has been called off, iRobot has announced a restructuring strategy to stabilise the company. The corporation plans to lay off approximately 350 people as part of these reforms.

Colin Angle, iRobot’s chairman and CEO, will also step down. Glen Weinstein, the company’s executive vice president and chief legal officer, will become interim CEO.

Consumer rights groups had expressed worries about the Amazon-iRobot merger, claiming it would increase the ecommerce giant’s domination in the smart home industry.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon has previously acquired several smart home firms, including Blink, Ring, and Eero, a mesh-networking Wi-Fi company.

This is the latest example of a partnership between US corporations that failed after being scrutinised by European regulators.

Adobe abandoned its $20 billion acquisition of online design business Figma last year due to antitrust concerns raised by the EU and the UK. After losing legal battles with antitrust officials in Europe and the United States, biotech giant Illumina was forced to cancel its $7.1 billion acquisition of cancer-screening business Grail.

SOURCE – (AP)

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