Wizards AI Newsletter 10-18-2023

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📰Headlines📰

GPT-4: A Wizard's Blessing or Curse? (2-minute read)

Microsoft and GPT-4 have teamed up, but the results are in, and they may be cause for concern. Manipulation of GPT-4 with specific prompts can lead to toxic and biased content, putting consumers at risk.

PyTorch brings spellbinding tech to the edge (12-minute read)

The PyTorch sorcerers have conjured up a compact runtime and model conversion for enchanting experiences on low-powered edge devices. This could empower the industry to expand its reach and enhance user experience on mobile platforms.

New AI Proof Assistant Unleashed (5-minute read)

Morph Labs is collaborating with multiple groups to develop an open-proof assistant called Lean. It uses Mistral technology, making it extremely efficient in formalizing and proving mathematical concepts. This can unlock new and valuable knowledge in the industry, allowing for advanced algorithms and strategies to be developed and implemented.

🔍Research & Development🔬

Project Silica: The Future of Data Storage (4-minute read)

Microsoft's Project Silica is testing the storage of data for 10,000 years on glass plates with 3D pixels. Each plate can hold several terabytes and the data cannot be altered. This advancement could greatly benefit the industry, which relies heavily on data storage for customer information and game data.

Netflix Takes the First Swing (3-minute read)

Netflix ventures into live sports broadcasting with a golf tournament between top PGA Tour pros and F1 drivers. With the potential for increased viewership and revenue, the entrance of new players like Netflix should be monitored by industry experts and players alike.

FTX Execs Under Fire for $8B Misuse (6-minute read)

Former FTX senior executive Nishad Singh reveals where $8B in user deposits went, including real estate, campaign donations, and a sports stadium.

📈Business & Investments💰

Reddit's Curse on Blockchain-Based Community Points (3-minute read)

Reddit's decision to abandon its blockchain-based Community Points system is a major setback for the industry. With scalability issues and regulatory concerns, the once-promising platform has fallen victim to the infamous "Reddit curse". This serves as a cautionary tale for companies looking to incorporate blockchain into their rewards programs.

The Unstoppable Surge of Stablecoins (3-minute read)

Stablecoin usage continues to rise, settling at over $11 trillion worth and utilized by 25 million blockchain addresses worldwide. This technology has expanded beyond crypto exchanges, with Tether dominating and a majority of activities occurring on Tron and BSC blockchains.

Rollups and Blockchain Magic (50-minute read)

Rollup solutions' security relies heavily on the underlying blockchain. Essential elements include liveness, data availability, state validity, and ledger growth. User-friendly confirmation rules and inter-chain bridging also play crucial roles.

Keep up with all the Events in the industry!

Happening Today! ⏰

• Wed 18 Oct, Casino Esport Conference New Jersey 2023, Atlantic City, New Jersey

• Wed 18 Oct, iGaming Academy: Practical KYC, Virtual

This Week 📅

• Thu 19 Oct, 3rd Annual Game Greece, Athens, Greece

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