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OpenAI says it will cover the legal costs for business-tier ChatGPT users that find themselves in hot water over copyright infringement.OpenAI is calling its pledge Copyright Shield which only covers users of its business-tier ChatGPT Enterprise and its developer platform. OpenAI isn’t covering users of the free and Plus ChatGPT
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An Arbitrum-based Friend.tech clone has decided to slam the brakes ahead of its promised airdrop due to unsustainable operational costs, leaving users befuddled while noting the team’s healthy multisig wallet. Pseudonymous Cipher Fan creator, Zatis, announced the projects shut down on Oct. 24 just hours before its CIPHER token airdrop was
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Despite these financial challenges, Google, which acquired DeepMind in 2014, has committed to extending financial support to the company for at least another 12 months from September 28. DeepMind, Alphabet Inc‘s (NASDAQ: GOOGL) division responsible for developing general-purpose artificial intelligence (AI) technology, reduced employee expenses by 39% last year within its cost-cutting
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Bitcoin (BTC) Ordinals are boosting miner profits, but “income stress” is looming, new research warns.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode predicted fresh problems for miners after Bitcoin’s next block subsidy halving.Bitcoin halving impact on miners could be “severe”Bitcoin miner competition is exploding,
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During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy. The current bear market, coupled with high Bitcoin network hash
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Recent changes to the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology have led JP Morgan to adjust its estimates concerning the production costs of Bitcoin(BTC). Previously pegged at approximately $21,000, the new model suggests that the cost of producing a single Bitcoin is now closer to $18,000. The shift signifies that
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"DLT could improve financial market efficiency, modernize the payment system, and foster financial inclusion," Vincent Gusdorf, head of DeFi and digital asset analytics, said in a press statement shared with CryptoX. "The overall economic and financial effects of technological changes, including the policy and strategic changes they prompt, are likely
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Bitcoin miner Riot Platforms mined fewer Bitcoin in August than July but received over $31 million in power credits. That is the equivalent of around 1,136 Bitcoin (BTC), CEO Jason Les pointed out in a statement.Riot received an estimated $24.2 million in power curtailment credits under its contract with Texas grid
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“They've now moved to a pace of almost $50 million a month in fees, with literally hundreds of lawyers, financial advisors and bankers working on them practically full time,” said Kris Hansen, a lawyer from Paul Hastings representing the creditors’ committee. “Every dollar spent in the case is essentially a
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Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7 which is designed to power high-level artificial intelligence (AI) systems. The company said its next-generation GH200 Grace Hopper Superchip, is one of the first to be equipped with a HBM3e processor and is designed
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