#ElonMusk recently tweeted about his interest in AI over crypto. This move could have far-reaching implications for the tech industry. The announcement has sparked a flurry of discussion amongst social media users, with some expressing their thoughts on Musk's post. According to Musk’s last takes, he finds AI to be more relevant to capitalistic needs than humans and expects Artificial Intelligence to take over the race by 2025. However, the limbic system in our brain which is responsible for human emotions could be our only advantage over emotionless AI tools. Elon Musk started OpenAI which developed an extremely popular language AI model named ChatGPT. Due to its easy and free access, #chatgpt instantly became a hit and OpenAI eventually sealed a massive $10 billion deal with Microsoft. Elon abandoned the project saying that he started #OpenAI to be completely open-source and a not-for-profit organization. Now as per recent reports, Elon Musk is planning to launch another AI project to compete with Microsoft and not miss the AI bandwagon. This tweet by Elon could be a reflection of his intentions for a new project which he had been planning to work on. With new developments and advancements in technology, the world of finance and investment is ever-changing, and it remains to be seen how #crypto2023 will play a role in the years to come. #coingabbar

#Silvergate, a bank known for its support of cryptocurrencies, has raised concerns about its ability to continue operating and has delayed filing with the Securities and Exchange Commission (#SEC ). This uncertainty has caused the bank's stock price to drop by more than 50%, leading to fear, uncertainty, and doubt (#FUD ) in the market. The bank's financial struggles were initially revealed when it reported a $1 billion net loss in Q4 2022 following the unexpected collapse of the #FTX cryptocurrency exchange. The US Department of Justice is now investigating transactions between Silvergate and FTX, though no wrongdoing has been alleged thus far. Despite some businesses denying exposure to Silvergate, the bank still managed over $3.8 billion in client deposits in Q4 2022, a significant drop from the $11.9 billion it handled in Q3 2022. #coingabbar

Elon Musk plans to create an alternative to OpenAI's ChatGPT and has contacted AI researchers, including former Alphabet DeepMind employee, Igor Babuschkin. This decision was taken after Open AI became a closed-source, for-profit organization.

However, Musk’s idea is in its early stages, and there is no clear plan to develop any particular products. Babuschkin stated that Musk is not looking to build a chatbot with fewer content safeguards. It would be interesting to see what Elon is planning for the future of AI.

#Crypto2023 #ElonMuskTwitter #ChatGPT #coingabbar