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Crypto Biz: Global AI race ramps up, Winklevoss $100M loan to Gemini, and more

Published 04/14/2023, 04:45 PM
Updated 04/15/2023, 09:20 AM
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The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba (NYSE:BABA) reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation of public opinion”. It's worth remembering that Twitter CEO Elon Musk recently spearheaded a letter calling for the halt of advanced AI development due to societal concerns. As the proverb says, "if you can't beat your enemy, join them".

While the AI landscape is taking shape, crypto exchange Gemini has secured a $100 million personal loan from its founders, Tyler and Cameron Winklevoss. Funding comes after alleged external capital raising attempts failed.

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