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If you want to learn more about them…shoot me a reply and I’ll get you connected to the team that I use for them.

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Today’s Menu

• AI Playing God? EvolutionaryScale's Ambitious Plan to Engineer Life Itself

• Bitcoin Whipsaw: Germany's Sell-Off Sparks Market Chaos

• Open-TeleVision: The End of Human Labor in Robotics?

TODAY IN AI

AI Playing God? EvolutionaryScale's Ambitious Plan to Engineer Life Itself

While some AI companies focus on the big picture — like how many tokens their models can handle at once — one new startup is zooming in…way in. Instead of generating new words or images, EvolutionaryScale, based in New York and San Francisco, is working on an AI model that creates blueprints for proteins that aren’t found in nature.

Alexander Rives and much of his team were working on something similar at Meta – that is, until their department was disbanded last year. They didn’t miss a beat and used the knowledge they’d gained to start something new. Their startup just raised $142 million from backers like former GitHub CEO Nat Friedman as well as corporate clients, including Amazon and NVentures, a wing of Nvidia.

How does it work? EvolutionaryScale’s new model, ESM3, was trained on almost 2.8 billion proteins — allegedly the largest-ever data set for a biology-focused AI system. With that knowledge, it can spin up brand-new proteins and predict how humans might react to them.

Why proteins? Proteins are like the worker bees of the body. They play such a crucial role that biologists often refer to them as the building blocks of life. They can repair our injuries, facilitate chemical reactions, and regulate our blood flow. So if we can engineer new ones, we can put them to work to help with specific tasks, whether fighting off cancer or preventing the onset of Alzheimer’s.

Mind Blown: As a proof-of-concept, EvolutionaryScale already created a new green fluorescent protein that’s similar to the substances sea creatures use to glow in the depths of the ocean. As Fortune points out, it would have taken millions of years for this material to have developed evolutionarily.

It’s only the beginning: Several other startups are working on similar AI-powered biotechnologies. Eli Lilly just announced its plans to work with OpenAI on new medicines that could be used to treat drug-resistant bacteria. And you might recall that DeepMind recently released AlphaFold3, which can predict the shape of proteins, DNA, and RNA. Meanwhile, French startup Alcove is working on models that generate recipes for how to concoct inorganic materials like rare earth elements.

^{Today In Crypto}

Germany's Sell-Off Sparks Chaos

During the European morning, Bitcoin rebounded from a slump to above $54,000, climbing to over $58,000 before settling around $57,200, down 0.4% in 24 hours. The CoinDesk 20 Index rose 0.33% after crashing during the Asian morning. CoinGlass data shows $175 million in long liquidations over the last 24 hours, following Bitcoin's 13% drop last week, similar to the post-FTX collapse decline.

Germany's Bitcoin sales and Mt. Gox's reimbursements have recently shaken the market. Germany still holds 39,826 BTC worth $2.2 billion, nearly 9% of BTC's 24-hour trading volume, suggesting potential price turbulence. Early this year, German authorities seized 49,857 BTC from Movie2k.to operators and have liquidated over 10,000 BTC since mid-June, pressuring the market.

Bitcoin mining was more profitable in June than May, with the cryptocurrency price rising 2% and the network hashrate dropping 5%. Jefferies' report notes a modest recovery from the May halving impacts, which halved miners' rewards, slowing Bitcoin supply growth.

^{Today In Robotics}

Open-TeleVision: The End of Human Labor in Robotics?

Open-TeleVision is an intuitive remote teleoperation interface designed to enhance robot data collection. Open-TeleVision allows users to immersively operate a robot from up to 3000 miles away, similar to the concept in the movie Avatar.

The system offers real-time stereo video streaming for spatial and depth understanding, enabling precise manipulation of challenging objects like transparent boxes. With features like an active neck, inverse kinematics, and intuitive retargeting, the operator can seamlessly control the robot by simply looking at points of interest. Accessible via any web browser on devices such as Vision Pro, Quest, Mac, iPad, and iPhone, Open-TeleVision promises to revolutionize remote robot operation.

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Thanks for reading!

Until next time,

Damon