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Today’s Menu

• Meta Drops New Open-Source Models

• Ethereum Surges as Bitcoin Falters

• Elon Musk Envisions Over 1,000 Optimus Robots Working at Tesla

TODAY IN AI

Meta's Fundamental AI Research (FAIR) Drops New Open-Source Models

Meta's FAIR group just unleashed a slew of new open-source AI models and techniques including multimodal language tasks, text-to-music, audio, and detecting synthetic speech. It's a goldmine for AI enthusiasts, with Meta acting as the benefactor.

First up is Chameleon, a family of language models handling image, audio, and text inputs. With 7B and 34B parameters, these models are now ready for the spotlight. Then there's JASCO, Meta's new controllable text-to-music model. Input some granular controls and watch JASCO create music magic.

AudioSeal is another highlight, the first audio watermarking model designed for detecting AI-generated speech. Released under a commercial license, it means business. For coders, Meta's Multi-Token Prediction model aims to improve code autocompletion by predicting multiple tokens at once, making development faster and smoother.

So, why should you care? Meta just dropped a massive amount of open-source tools, showing they're serious about advancing AI research. AudioSeal's AI-audio detection is especially noteworthy, given the industry's struggle to identify AI-generated content reliably.

In conclusion, Meta's latest AI research releases are significant. They're pushing the limits of multimodal models, text-to-music, and audio detection. And the best part? It's all open-source.

^{TODAY IN CRYPTO}

Ethereum Surges as Bitcoin Falters

Ethereum's on the rise, jumping over 4% in the last 24 hours and breaking the $3,500 barrier. Meanwhile, the CoinDesk 20 Index (CD20) is up 1.6%, and even the meme coins DOGE and SHIB are seeing gains after Tuesday's dip. But what about Bitcoin? The top dog in crypto is barely hanging on, trading around $65,400 with a meager 0.2% increase. And to rub salt in the wound, U.S. spot bitcoin ETFs saw a staggering $152.4 million in outflows on Tuesday.

Wondering why Bitcoin's in a slump? Look at the whales. CryptoQuant data shows these big players dumped over $1.2 billion worth of BTC in the past two weeks. Long-term holders aren't biting, and traders aren't increasing their Bitcoin stakes. This lack of demand is a glaring red flag for Bitcoin's potential. Some say crypto miners are abandoning Bitcoin for the booming AI sector, selling their rewards instead of holding. Everyone's jumping ship, leaving Bitcoin stranded.

But there's a sliver of hope. Broker Bernstein sees Bitcoin and crypto-linked stocks as undervalued and ripe for institutional adoption. They predict ETF approval by major wirehouses and large private banks in the latter half of the year, with inflows picking up in Q3 and Q4. Bernstein has high hopes for Bitcoin-adjacent companies like MicroStrategy, Robinhood, and miners Riot Platforms and CleanSpark. But with Bitcoin's recent letdowns and ongoing whale sell-offs, it's tough to get excited. Institutional adoption might be the game-changer, but until we see real demand growth, it's just more "wait and see."

So, what's the takeaway? Ethereum might be shining, but Bitcoin's struggle is a stark reminder of crypto's unpredictability. Whales are selling, demand is weak, and even the promise of institutional adoption feels far off. Before you go all-in on Bitcoin or crypto stocks, remember: in this game, nothing is guaranteed.

^{TODAY IN ROBOTICS}

Elon Musk Envisions Over 1,000 Optimus Robots Working at Tesla

During Tesla's annual stockholder meeting, Elon Musk revealed the latest developments in their humanoid robot, Optimus. New footage showed Optimus autonomously performing tasks like assembling battery cells at Tesla’s Fremont factory. Presently, two Optimus robots are in operation there, with more at the Palo Alto offices. Musk envisions over a thousand Optimus robots working at Tesla by 2025, driven by an imminent hardware upgrade and Tesla’s robust AI and production capabilities. These robots are set to significantly enhance Tesla's operational efficiency.

Want to share The Future of Disruptive Tech with a friend, family member, or coworker? Pass this link along to them.

Thanks for reading!

Until next time,

Damon