Is 2024 the year the AI startup bubble bursts? 🫧
Plus we look at the growing debate around Bitcoin & it's impact on the environment 🌏
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🚀 Big Tech & Startup
Whilst 2023 was a booming year for AI startups, with nearly $50 billion raised and major players like OpenAI, Anthropic, and Inflection AI securing significant funding, 2024 might witness a change in this trend. Despite the high valuations seen in 2023, such as Anthropic's $450 million Series C at a $4.1 billion valuation and OpenAI's $300 million raise at approximately $29 billion, there's growing concern about the sustainability of these valuations. The potential for a market recalibration is on the horizon, fuelled by investor skepticism and regulatory challenges, including the EU's new AI rules and the FTC's scrutiny of Microsoft's investment in OpenAI. While the AI sector continues to attract significant interest, the article hints at a more cautious approach from venture capitalists and big tech companies in 2024, raising the question of whether this could be the year when the AI startup bubble begins to deflate.
🔭 Science & Futuristic Tech
The debate around Bitcoin's environmental impact is intensifying due to its growing energy demands. In a world increasingly conscious of sustainability, the significant electricity consumption of Bitcoin mining, marked by a recent sharp increase, stands out as a concerning issue. Discussions are emerging about the necessity of government intervention to address this challenge, especially in light of the Bitcoin community's hesitation to embrace greener practices. This situation underscores a crucial contemporary dilemma: how to reconcile the pursuit of technological innovation with the imperative of environmental stewardship.
⚙️ Miscellaneous
Have ‘10ft shadow aliens’ been spotted lurking in Miami? 👽
Scientists think they may have cracked the ‘billion year-old code’ behind mysterious giant radio waves 📡
A new AI cat flap which stops your furry friends from bringing you ‘presents’ is about to hit the market 🐈
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