AWP # 14 | Web Master's Market News Brief (May 28th, 2023) : AI, FinTech, Web3, and Cybersecurity

In episode 14 of The Alpha Wave Podcast, Simon Alexander Breedon presents the Webmaster's Market News Brief, covering various topics from the worlds of finance, technology, and politics.

The episode begins by discussing Warren Buffet's skepticism towards Bitcoin, referring to it as "rat poison" if bankers are the rats. This statement provokes thoughts on the relationship between traditional financial institutions and cryptocurrencies.

Moving on to recent news, Facebook has agreed to settle a privacy lawsuit for $725 million. The lawsuit accused the social media giant of mishandling user data. Eligible U.S. users now have the opportunity to submit a claim and receive a portion of the settlement, which is expected to range from $200 to $400 per person.

The discussion then shifts to Axie Infinity, a blockchain-based game. The native token of the game, AXS, has experienced a significant drop in value due to the impending unlocking of $156 million worth of tokens. This development has caused dissatisfaction among investors who have suffered losses.

The podcast highlights the achievements of MIT PhD students who have been recognized as J-WAFS fellows for their innovative research on improving water security. Their projects include the development of new water purification technologies and the exploration of drone applications in water management.

In the realm of AI policy regulation, there is a growing consensus on the need to regulate artificial intelligence to prevent potential negative consequences. OpenAI CEO Sam Altman and government officials are advocating for new laws to ensure AI systems remain beneficial and avoid harmful outcomes. The U.S. government has expressed interest in regulating AI and has released a non-binding document called the Blueprint for an AI Bill of Rights, outlining key goals for legislation.

Declassified papers revealing a former Mexican president's work for the CIA generate controversy and raise questions about the relationship between the U.S. government and foreign leaders. This disclosure sparks a broader conversation about international affairs and intelligence agencies.

The episode also introduces ActivityPub, a new protocol standard designed to decentralize and open up social networks. Several social networks, such as Mastodon and PeerTube, have already adopted this protocol, aiming to create a more inclusive and user-centric online environment.

In closing, Simon encourages listeners to subscribe to the paid version of The Alpha Wave Podcast or the accompanying newsletter. Supporting the show and the Alpha Fund A.V.A. DAO community through subscription not only rewards long-term supporters but also offers the potential for becoming integral team members of the project. Additionally, he mentions the availability of Alexander Nimos NFT art on OpenSea, inviting listeners to view the collection and make offers on unlisted pieces.

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