AI's High Costs: Can Efficiency Save the Industry?

Author

Damon James
July 29, 2024

July 29th, 2024

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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 to invest my money. I typically make around 10% monthly returns from it.

If you want to learn more about them…I recently went through this course that was super helpful for getting started in just a few short minutes. Check it out here.

Read Time: 10 Minutes

Today’s Menu

  • AI's High Costs: Can Efficiency Save the Industry?

  • Trump's Bitcoin Gambit: Strategic Reserve or Political Ploy?

TODAY IN AI

AI's High Costs: Can Efficiency Save the Industry?

OpenAI spends an obscene amount of money daily to operate, pushing AI companies like Mistral, Meta, and Anthropic to develop faster, more efficient models. Alphabet joins this trend with Gemini 1.5 Flash, now powering the free version of its chatbot.

Users will see improvements in reasoning and image understanding with a 32,000 token context window. Available in 230 countries and 40 languages, Gemini 1.5 Flash cites sources, analyzes uploads, and interacts with inboxes. These efficiency updates help manage costs and ensure long-term, accessible AI use while reducing the environmental footprint.

Today In Crypto

Trump's Bitcoin Gambit: Strategic Reserve or Political Ploy?

Bitcoin surged to nearly $70,000 early Monday after Donald Trump's appearance at BTC 2024 in Nashville, where he announced plans for a strategic BTC reserve if elected. Currently, Bitcoin is trading around $69,650, up 2.5% in the last 24 hours. The broader digital asset market rose by 3%, with Bitcoin Cash (BCH) leading the gains at over 15%.

Trump vowed to "never sell" the U.S. government's seized Bitcoin, promising a national reserve to counter China's crypto ambitions. He criticized Democrats and pledged to fire SEC Chair Gary Gensler, garnering massive applause from the crowd.

Meanwhile, COMP, the native token of Compound, dropped over 6% due to a potential governance attack. An attacker, "Humpy," manipulated the protocol using significant COMP token delegations to benefit the yield-bearing protocol goldCOMP. This attack highlights vulnerabilities in DAO governance structures.

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