Elon Musk Moves Forward with AI Plans for Twitter

Elon Musk, the chief executive officer of SpaceX, Tesla, and Twitter (as of October 2022), has made news for his attempts to limit the development of artificial intelligence owing to fears about the influence AI would have on society. In spite of this, it would seem that Musk is proceeding with his own ideas for AI infrastructure. An article published by Business Insider claims that Elon Musk has acquired roughly 10,000 graphics processing units (GPUs) for the purpose of implementing an artificial intelligence project at Twitter.

As a result of the vast amount of compute power needed by the technology, it is common practice for large-scale AI models to make use of graphics processing units (GPUs). Prior to this, on March 18, 2018, Musk stated that the business will employ AI to “detect & highlight manipulation of public opinion” on Twitter. According to unnamed individuals acquainted with the firm, the procurement of such a large amount of graphics processing units (GPUs) demonstrates that Musk is devoted to this initiative. In addition, the sources disclosed that the project makes use of a substantial language model; nonetheless, the precise function of generative AI at Twitter is yet unknown.

Twitter has just just added two new engineers who both have substantial experience working in AI, in addition to the GPU purchase. After working at DeepMind, an artificial intelligence research unit of Alphabet, which is the parent company of Google, Igor Babuschkin and Manuel Kroiss joined Elon Musk’s team. These new advances come only a few short weeks after Elon Musk signed an open letter, along with hundreds of other experts working in the technology area, asking for a temporary pause to the development of artificial intelligence due to the threats it presents to mankind.

Musk has been quite open about his fears surrounding artificial intelligence, and he has in the past cautioned regulatory bodies that AI research needs to be controlled “before it’s too late.” It seems that he is adopting a proactive approach to the development of artificial intelligence technology, as shown by the fact that he has acquired AI expertise at Twitter and has also purchased GPUs. Although it has been claimed that the project is still in its early phases, Musk’s devotion to it suggests that he has no intention of slowing down in his attempts to enhance AI infrastructure.

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Bitcoin Mining Museum Opens Its Doors In Venezuela. Is It The First-Ever?

The Caribbean nation of Venezuela keeps registering firsts on the book. They have arguably the first-ever CBDC, the infamous Petro, and now this. The first-ever Bitcoin Mining Museum. And even though Bitcoin is barely 12 years old, the idea makes sense. Everything has been moving too fast in that arena, someone needs to register it and preserve the past. 

Related Reading | Renowned Bitcoin Artist Encourages Venezuelan Artists Spread the BTC Word

Since January 17th, the space is open for business. The Bitcoin Mining Museum is located at Chacao’s Torre Xerox, in Caracas. CriptoAvila, a mining equipment dealer, is both creator and operator. Joan Telo, a representative from the company, told CriptoNoticias

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“We decided to take this step because, until now, there is no, or at least not publicly, place where people can observe evolution and we felt it was necessary. Each equipment, each brand, and model that we will exhibit has a story to tell, either because they have been transcendental in the history of mining or because they represented obstacles. Within this story, there are also scams, equipment that ended up harming many people who tried to mine bitcoin at the time.”

BTCUSD price chart - TradingView

BTCUSD price chart - TradingView


BTC price chart on Bitstamp | Source: BTC/USD on TradingView.com

A Bitcoin Mining Museum That Teaches

The museum will also host a model mine, with which visitors will be able to learn how the whole process works, and, “build safe electrical installations to connect your own ASICs.” Among the exhibited pieces, there’s an ATI 5850 AMD graphic card. About this one, Telo said:

“It was one of the best GPUs, but just when people began to use them, there was a worldwide stock failure like the one we are experiencing now. It happened precisely because of the cards’ capacity for mining. It was the first time that there was a global inventory failure caused by bitcoin mining. Now, our idea is to add equipment to the museum as we get them, because we want to be a world reference on this issue of the evolutionary process of cryptocurrency mining.”

To close the article off, Criptonoticias gives us interesting stats about Bitcoin mining in Venezuela:

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Venezuela, even since last year, is among the 10 countries with the greatest presence in Bitcoin mining. At that time, the Caribbean country registered 0.42% of the total hash rate, although occasionally that figure has been higher.

Not Everything Is Rosy For Bitcoin-Miners In Venezuela

In other news, on July 15th Venezuelan police detained six people in Puerto Ordaz for operating an unregistered mine. They had 25 unlicensed ASIC miners that were seized. However, the non-gubernamental organization Asociación Nacional de Criptomonedas or ASONACRIP, informs us that the miners are free once again. According to Criptonoticias:

Related Reading | How Bitcoin is The Answer To Venezuela’s Stuck-At-Sea Oil Supply

Through a statement, ASONACRIP celebrated the action of the state entity to achieve the release of the miners. In this regard, the organization stressed that digital mining activity is legal in Venezuela and operating miners without a license represents an offense punishable by fines, but not a crime. In other words, the miners cannot be detained.

So, yeah, the regulation of Bitcoin mining through strict registration isn’t going that well in Venezuela. At least they’re trying new things and breaking eggs. And they have the first-ever Bitcoin Mining Museum.

Featured Image by Shutterstock | Charts by TradingView

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Crypto Mining Farm Spotted Using High-End Gaming Laptops: Report

Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency.

In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a computer and gaming publication, said the laptops shown in the tweets come from the Chinese manufacturer Hasse and are being used to mine crypto using the in-demand Nvidia cards.

Like something from a gamer’s nightmare, some laptops appear to be stripped of their housing to offer optimal cooling for the hard-at-work GPUs.

High-end GPUs are preferred by cryptocurrency miners because of the cards’ greater processing power for crunching the mathematical tasks needed for mining. While bitcoin mining requires specialized processors called ASICs, cryptocurrencies like Ethereum’s ether can still be mined on GPUs.

Gamers desire such top-of-the-range cards too, however, because they provide a boost to graphics performance and are generally the easiest component in a computer to upgrade in order to to keep up with the latest gaming titles.

Typically, tech retailers and distributors place buy limits on the number of highly sought after products in order to distribute evenly. The tweets indicate a deal may have been struck between either retailer, distributor or laptop manufacturer and the mining entity for a bulk order, per WCCTech’s report.

The entry-level laptops retail for $999 while the high-end models are expected to hit shelves for a recommended retail price of $1,999, according to the report. If the images and video are indeed authentic, the value of the newly established mining operation could be in the hundreds of thousands of dollars at high street prices.

Nvidia recently said it could potentially restart production of dedicated GPUs for cryptocurrency miners, if demand is there. However, it played down the possibility that miners are eating into its general inventory, saying gamers were outstripping its supplies.

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