Web3 Diaries-Musk Threatens Microsoft With Lawsuit
Microsoft has been threatened with a lawsuit from Tesla and Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence on Twitter data.
On April 19, Musk tweeted that it was “lawsuit time” in response to a post reporting that Microsoft would cease supporting Twitter on April 25 across its online social advertising tools, Smart Campaigns and Multi-platform.
The Twitter boss alleged Microsoft “trained illegally using Twitter data,” implying the firm mined user tweets to help train its AI-powered applications.
Microsoft didn’t explain why it was winding down Twitter support although Twitter’s API fees skyrocketed from $0 to $42,000 a month and in some cases are priced upwards of $200,000 per month, according to a March report from Wired.
Nvidia Set To Dominate Artificial Intelligence Space
As the rush to claim dominance in the artificial intelligence (AI) space hots up, with MicroSoft, Elon Musk big investment plan, Nvidia is set to provide tough competition with the only analyst with bearish view changing the graphics chipmaker’s future outlook.
HSBC Head of Technology Research Frank Lee changed Nvidia’s rating from “reduce,” to “buy” pointing to opportunities in artificial intelligence.
Lee was the only analyst among 48 covering Nvdia, held a negative rating on the chipmaker, according to Refinitiv data.
Nvidia stock price rose as much as 4.1% after Lee said in a research note that the company’s artificial intelligence opportunity more than offsets his previous concerns surrounding a slowdown in data centers and rising inventory levels.
Voyager’s $1 bn Deal With Binance.US Moves Forward After Fed Approval
Bankrupt cryptocurrency lender Voyager Digital Holdings has sealed a deal with the United States federal government that moves forward a $1 billion plan that would allow Voyager to sell its assets to the U.S. arm of Binance.
An April 19 filing in a New York District Court saw Voyager, the Official Committee of Unsecured Creditors and the U.S. government agree that the deal for Binance to acquire Voyager’s digital assets could move forward as planned.
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