188 | 😱 🫨 The End of Brainyacts??

In today’s Brainyacts:

1. Bitcoin halving & AI

2. Meta.ai launches

3. Boston Dynamics nightmares and other AI model news

4. The Miss AI pageant and other AI-related content

👋 to new subscribers!

To read previous editions, click here.

Lead Memo

🥳🍾 Happy Halving Day!

The Bitcoin Halving is a preprogrammed event that occurs roughly every four years and impacts the production of Bitcoin. The halving reduces the reward for mining Bitcoin transactions by half, which reduces the rate at which new coins are created and thus lowers the available amount of new supply. Its impact on Bitcoin pricing? Historically within a year after a halving, the price increases significantly. This is not financial advice!

Why include Bitcoin in an AI newsletter?

There are at least two reasons I want you to consider and be aware of.

1. Transition of Infrastructure from Bitcoin Mining to AI Computing: Bitcoin's halving event, reduces the reward that miners receive for validating transactions. This makes Bitcoin mining less profitable over time, especially against the backdrop of rising costs for energy and hardware. As a result, operators of Bitcoin mining centers are increasingly looking to repurpose their facilities. Given that these centers have the necessary infrastructure like power supplies and cooling systems, which are also essential for running high-powered AI computations, there's a clear economic incentive to shift focus.

   Facilities originally designed for Bitcoin mining are ideal for retrofitting to support the demands of generative AI technologies. This not only includes infrastructure but also includes the potential reuse of energy sources and physical space, creating a seamless transition from cryptocurrency to AI services.

2. Bitcoin as a Digital Native Currency for AI Agents: As both Bitcoin and AI exist primarily in the digital domain, Bitcoin could naturally serve as the default monetary system for AI agents. This alignment is due to Bitcoin's unique attributes: it is programmable, operates independently of traditional financial institutions, is secure, and provides transparent transactions. These features make it a potentially ideal medium of exchange for AI agents that require a method of storing and exchanging value autonomously.

   AI agents, particularly those involved in autonomous transactions or operations across digital platforms, could leverage Bitcoin to conduct their activities efficiently and securely. This could revolutionize how AI systems interact economically, making them more independent and capable of handling complex transactions on their own.

Spotlight

🚀🤖 Introducing Meta’s OpenAI competitor - Meta.ai

Zuckerberg and co just released Llama 3 - their latest and highest-performing AI model.

Meta said its AI assistant, Meta AI, is now integrated into the search bar of its Facebook, Instagram, WhatsApp and Messenger apps and can also be accessed when scrolling through the main Facebook feed.

The AI assistant is also rolled out as a standalone tool through the website Meta.ai.

The company said people will now have access to Meta AI in English in Australia, Canada, Ghana, Jamaica, Malawi, New Zealand, Nigeria, Pakistan, Singapore, South Africa, Uganda, Zambia and Zimbabwe. More countries are likely to come

Here is a short video on my first interaction with Llama 3

More info found here.

AI Model Notables

► Boston Dynamics is giving us nightmares again with its latest all-electric humanoid robot.

► Amazon Music launches Maestro, a new AI playlist generator—here’s your first look at the beta.

► Google is restructuring for AI devices.

► Bloomberg Law unveils complaint summaries: accelerating federal and state case assessment with AI-powered innovation.

► Microsoft’s multi-billion dollar partnership with OpenAI will escape a formal investigation from EU antitrust regulators, who were concerned over big tech companies' AI partnerships and the impact on competition.

► In the “let’s make deep fake even more realistic” news, check out Synthesia’s latest feature of adding emotions to AI avatars.👇👇

News You Can Use:

➭ Honeywell exec reveals plan to deliver $100 million in value with generative AI: “Just getting started” as there is insatiable internal demand for more GenAI

➭ Jamie Dimon, CEO of JPMorgan, has a new vision for money in an AI world

➭ Reddit CPO talks new features — better translations, moderation and dev tools

➭ Bezos Earth Fund announces $100 million for AI solutions to tackle climate change and nature loss

➭ World’s first AI influencer pageant 'Miss AI' announced; judging criteria and prizes revealed

Who is the author, Josh Kubicki?

Some of you know me. Others do not. Here is a short intro. I am a lawyer, entrepreneur, and teacher. I have transformed legal practices and built multi-million dollar businesses. Not a theorist, I am an applied researcher and former Chief Strategy Officer, recognized by Fast Company and Bloomberg Law for my unique work. Through this newsletter, I offer you pragmatic insights into leveraging AI to inform and improve your daily life in legal services.