Crypto bros, rejoice! 2024 might as well be renamed the year of the crypto now that the US Securities and Exchange Commission has opened the floodgates into crypto investment with the approval of a spot bitcoin exchange traded fund, causing the world's most popular cryptocurrency to hit the highest it has ever been since April 2022. And it's not even the end of January!
The approval of the ETF, which had been a hot topic for years and had recently picked up steam after the likes of Blackrock and
But the writing was on the wall though.
In fact, a recent poll conducted by betting platform Polymarket showed the odds in favor of a bitcoin ETF being approved by the US Securities and Exchange Commission by the 15th. According to a CoinDesk
At HackerNoon, however, readers were a lot more pessimistic as only 46% thought such a thing would be possible while another 31% thought it might happen, just not this month.
HackerNoon CEO David Smooke was one of the beliebers believers (unlike *
Now that the ETF is approved, it does raise some questions about exactly how valuable bitcoins and/or cryptocurrencies actually are. Most will tell you that the magical
As of publication, it doesn't look like bitcoin has actually gone past the $50,000 mark, but that's no reason for the hodlers and diamond hands to worry as optimism surrounding cryptocurrencies
And so, it just might be: 2024, The Year of the Crypto™.
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Microsoft, OpenAI Hit With Copyright Lawsuits
Ah. What edition of HackerNoon's Tech Company News Brief be complete without a mention of artificial intelligence? I mean, if it's not crypto, it's definitely AI.
Well, it looks like
But funnily, while the NYT is taking the lawsuit route now, it had been in negotiations with OpenAI on licensing its content. For one reason or the other (maybe it was the money?) negotiations fell through, and the NYT decided to file a lawsuit. But while that plays out in court, the NYT itself reported that other large US media organizations are already in talks with the companies to license their work.
We're talking about the likes of Gannett, News Corp and IAC, who are deciding the pricing and terms of licensing the work they produce to Microsoft and OpenAI to build or enhance their AI products, like ChatGPT. In fact, a
If news organizations licensing their content alarms you, it's important to note that The Associated Press already sells its content to OpenAI and so does Germany's Axel Springer, but that doesn't mean Sam Altman just wants to keep everyone that comes knocking to his offices. In fact, only recently the OpenAI CEO tried to make a case for continuing to use copyrighted work to train AI by arguing it
But think about it, though. If something like ChatGPT can learn how reporters write stories, could it then replicate seemingly believable stories to fool the masses into one action or the other? The future looks bleak if one were to believe so. It seems like jokes about AI manipulating people by controlling the media and the news are no longer going to remain jokes. 🤫
Microsoft ranked #14 on HackerNoon's Tech Company Rankings this week.
New Year, New Layoffs
Looks like we're experiencing a repeat of 2023.
While the extent of job cuts isn't as severe as the one we saw at the beginning of 2023,
Last year was a tough time to be working in tech as almost every major tech giant announced job cuts affecting thousands of people. We're talking
While things at Google might not be pleasant, they're downright nasty at videogame software provider Unity Software which is
To top things off, Amazon too is
Google ranked #2 on HackerNoon's Tech Company Rankings this week. Amazon was on the #11 spot.
In Other News.. 📰
- Apple shares the most popular podcasts of 2023 — via
- CES 2024: The weirdest tech, gadgets and AI claims from Las Vegas — via
- Snapchat to let parents decide whether their teens can use the app’s AI chatbot — via
- Microsoft overtakes Apple as world's most valuable company — via
- Exclusive: Even Bill Gates was surprised by ChatGPT — via
And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️
— Sheharyar Khan, Editor, Business Tech @ HackerNoon
The Tech Company Brief is a weekly newsletter written by HackerNoon editors to help you dissect the last week in tech news! Subscribe here for the full scoop delivered straight to your inbox: https://hackernoon.com/tech-company-brief