‘Megalopolis’ Fake Critics, Polygon, Russia, Intel, The New Heights Podcast +more | Tech Vibes EP04

[Music] welcome to Tech Vibes a weekly Roundup of stories in Tech crypto blockchain Ai and future web today is August 30th and this is episode number four but before we dive into everything some disclosures we are not financial advisers wealth managers lawyers Brokers or CPAs everything we're talking about in this episode is taken from the source and we cite it in our show notes or it's from our own experience so please do not construe this as investment advice and because we have so much news this week to report on our opener is going to be real quick and it was really cool From the Block Works newsletter quote it says in the short run the market is a voting machine but in the long run it's a weighing machine and that's from Benjamin Graham that's an awesome quote and that really means a lot in our first headline for the week it comes from variety and it reads megalopolis trailer's fake critic quotes were AI generated lion gate drops marketing consultant responsible for the snafu now while I usually add color to some of these quotes do I really need to add anything more to this in a headline on coin Journal it reads binance to support cardano and the polygon Network upgrades binance will support cardano and polygon's upcoming Network events in September 2024 cardano has its Chang hard Fork scheduled for September 1st and polygon will see its mtic to p token transition start on September 4th binance will delist madic trading pairs on September 10th and open p trading pairs on September 13th and in our show notes we will have a link to polygon's post on their website that dives deeper into the whole switch and migration of everything in another headline by Associated Press California advances Landmark legislation to regulate large AI models in an excerpt it reads efforts in California to establish first in the ation safety measures for the largest artificial intelligence systems cleared an important vote Wednesday that could pave the way for us regulations on the technology evolving at warp speed you like the way I said warp speed it does it makes you smile it makes you seem makes the whole article come to life that much faster right no pun intended with warp an article on block orts reads ethereum Foundation Under Fire for lack of transparency and treasury Management in an excerpt the lack of transparency around the ethereum foundation's EF spending is in the Limelight this week after an onchain transfer of 35,000 eth 94 million cash from the foundry's treasury to kren was detected on Saturday well we'll see how this one shakes out right and every week I swear we could talk about open AI almost every single Tech Vibes but for this week we're going to condense it and there's going to be a lot of links in our show notes to all the different articles written about open AI or in this case case open Ai and to lead off open ai's project strawberry will become chat GPT 5 launch soon and be better at math than any chatbot Insider say this was a story on tech radar and if you can get past all the popups and pay wall on the information while we love the site it's kind of frustrating just trying to read an excerpt but little pieces of information it does read open AI shows strawberry AI to the feds and uses it to develop Orion and for those of you into heavy metal this is not in any reference to Metallica and just now in the booth my colleague and producer we he might be my former producer just pointed out that that comment aged us hard but fear not chat GPT has 200 million weekly active users so even if the hits the fan they might become the BP of the AI world I'm not saying they're BP I'm just saying there's power and strength when you have the mob of Rome behind you and to keep everything running open a and talks for funding round value at above a 100 billion that's what Thrive capital and Microsoft are among the investors and this is on the Wall Street Journal again this Roundup of headlines and information will be in our show notes all around open AI a New York Times headline reads telegram founder charged with wide range of crimes in France this is going to become a saga and we will keep reporting more of the headlines that come through in subsequent weeks but damn that's a messaging app for those of you who may not know and in case you want to read more we have a link in our show notes to Reuters where it reads behind the arrest of telegram boss a small Paris cyber crime unit with big Ambitions maybe the cyber crime unit is feeling a little left out after all the Olympics hype right I don't know in an article on coindesk it reads Russia is about to try using crypto to get around sanctions and I have been informed that a lot of people are worried about this since theyve been sanctioned in the by line it read experts doubt it will work given the traceability of blockchains in the risk of even tougher sanctions for Russia in another headline on coindesk it reads US House committee plans for heap of crypto hearings of September the by line reads the house Financial Services committee is expected to look at defi us enforcement and pig butchering quote in a series of hearings the panelist set to schedule for next month and it's got a nice pretty picture of Gary ginzler he looks so pretty a headline on Bloomberg reads Intel considers options such as Foundry split share sore in some bullet point by lines it says once dominant chipmaker looks to longtime Bankers for help possible moves could include scrapping some Factory projects now this is my little insert into that it's probably because they need to talk to Hidden pixels self-promotion alert hashtag I did that backwards and this week's the has hit the fan headline it comes from blockworks SEC Wells notice Targets nfts on open C by line openc CEO Devin finner said in a post on X that the company is quote ready to stand up and fight b b boom in an excerpt on the article and this will also help those of people going what's a Wells notice it says a Wells notice doesn't mean that the SEC will file a complaint against the company but it discloses an investigation into the firm that reminds me of being in school and passing a note around class and saying hey we're going to fight at lunch but maybe you don't fight in a headline On The Wall Street Journal and this is as Tech news as it gets Yelp su's Google alleging a search engine Monopoly that promotes its own reviews and yeah we like Google we like Yelp I like yel I mean everybody has their own pick right about oh how do you find out information on what restaurant to go to is definitely a cause for conversation around the studio here I like Yelp other people like Google but regardless this headline reads with a lot of Merit but that's just an opinion in a variety headline this one reads Kelsey Brothers signed deal with Amazon's laundry for New Heights podcast worth more than a 100 million damn Jason Kelce is making more money after football than he did in football is that correct Brandon probably damn but good for him right in the by line it says three-year pack gives wry rights to ad sales distribution and more to NFL Stars weekly show I don't think anywhere in the contract says a damn thing about rights to Taylor Swift in any way right and in the last bit of news for this week and again it's not all the news it's just the news where that you we are curating sorry for the stutter there but the land of giants podcast series from vulture there's a really cool series that just dropped the Disney dilemma listen to all of them and I have to say it's awesome it's a really good listen so please check it out the link to the Spotify you know version or distribution of the show will be in our show notes so we hope you've enjoyed this episode of tech Vibes and I have to say and this has been an ongoing discussion we're trying to be more efficient around here and we don't necessarily want to sacrifice quality for efficiency this episode seems quicker but it's more action-packed right you're thinking the same thing I am like that was amazing so if you found value in this please share it with others who doesn't like to share value original music was provided by Jordan Hal Schwarz and Jeff climing of good suit music so we thank you for listening and as always we're cautiously optimistic and hopefully pessimistic on Tech have a great Labor Day weekend y