One of the biggest areas that will be impacted by AI over the coming years is investing. I’ve been using AI-driven trading bots for the last several years now to invest my money.

If you want to learn more about them…check this out. 

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Today’s Menu

• AI's Dirty Secret: Energy Consumption Rivals Nations

• Bitcoin Bulls Poised for July Surge Amid Ethereum Exodus

TODAY IN VR

AI's Dirty Secret: Energy Consumption Rivals Nations

By 2027, the AI industry is projected to consume as much energy annually as the Netherlands, with typical ChatGPT sessions requiring up to 17 ounces of water for cooling data centers. To combat this, Microsoft is exploring atomic fusion, and Alphabet is funding deep geothermal energy projects. However, environmentalists are skeptical about these solutions’ viability in the near term.

A sustainable approach may involve altering AI model operations. Researchers at the University of California, Santa Cruz, have developed a method that uses ternary values (including -1) instead of traditional binary values. This reduces energy consumption by simplifying calculations. They demonstrated running a billion-parameter model with just 13 watts of power, equivalent to an LED light bulb, without significant performance loss.

Although this method isn't yet compatible with trillion-parameter models, researchers believe they can scale it up and adapt it to existing hardware. This breakthrough could significantly reduce AI’s environmental footprint and promote sustainable AI development.

^{Today In Crypto}

Bitcoin Bulls Poised for July Surge Amid Ethereum Exodus

Bitcoin bulls are optimistic as July begins, following a weak second quarter. U.S.-listed ETFs saw $130 million in inflows on the first day of the month, reversing June

Bitcoin bulls have reasons to be optimistic as we enter July, following a lackluster second quarter. BTC saw billions in sales and negative retail sentiment, but July started strong with U.S.-listed ETFs recording $130 million in inflows, the most since early June. Historically, Bitcoin has averaged over 11% gains in July over the last decade, with positive returns in seven out of ten years. Currently trading around $62,600, Bitcoin has dipped slightly by 0.15% in the last 24 hours, with the CoinDesk 20 Index down by 0.2%.

Professional investors withdrew over $120 million from ether-tracked exchange-traded products in the past two weeks, the largest outflows since August 2022. Conversely, multi-asset and Bitcoin ETPs saw inflows of $18 million and $10 million, respectively, indicating a potential shift in sentiment. Ether ETFs are nearing U.S. trading availability, pending SEC approval of S-1 filings.

Gemini predicts U.S. spot ether ETFs could see net inflows of $5 billion in the first six months, potentially raising the total AUM for spot ETH ETFs to $13 billion-$15 billion. This influx could bolster Ether’s market value relative to Bitcoin, which is currently at multi-year lows. Gemini suggests the favorable risk-reward profile of an ETH catch-up trade in the coming months, supported by international ETF market comparisons and strong on-chain dynamics.

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Thanks for reading!

Until next time,

Damon