As an experienced financial analyst, I have closely followed the developments in the tech and cryptocurrency industries for years. Based on my analysis of the news stories presented, I believe that Elon Musk’s warning about Microsoft’s “Recall” feature is a valid concern. The potential invasion of privacy and control over users’ actions could have serious implications, bringing us closer to the dystopian scenarios portrayed in shows like “Black Mirror.”
U.Today presents you with the top three news stories over the past day.
Elon Musk issues important “Black Mirror” statement to warn community
Elon Musk, the influential billionaire with a keen eye for emerging technologies, voiced his skepticism towards Microsoft’s latest innovation, named “Recall.” As explained by Satya Nadella, Microsoft’s CEO, this feature aims to provide users with an advanced semantic search capability across their entire PC history. By taking continuous screenshots of the computer screen and employing a generative AI model along with NPU (Neural Processing Unit) to process the data, “Recall” intends to make all past activities searchable. Musk’s concerns, however, echoed the unsettling themes from the “Black Mirror” series. He cautioned against the potential dangers of this technology, insinuating that it could be a precursor to technologies controlling human actions. With a dismissive tone, Musk announced his intention to disable this feature.
Shibarium on verge of major record as transactions shoot up 209%
Shibarium, the layer-2 solution for Shiba Inu, has experienced a significant increase in daily transactions following the recent market uptrend. According to Shibariumscan data, the daily transaction count jumped from 6,000 on May 14 to 18,560 on May 20, marking a 209% growth. Previously, daily transactions on Shibarium had remained consistent, but this changed after the hard fork was implemented on the mainnet in late May. This pivotal event signaled a new phase for the Ethereum L2 protocol. With the surge in transactions, Shibarium is striving to surpass the record of 420 million total transactions. Although the exact timeline for achieving this milestone is uncertain, Shibarium has the potential catalyst to propel it to new heights. As of now, the total transaction count on Shibarium stands at 417,525,512, based on Shibariumscan’s data.
Bullish Bitcoin statement issued by Samson Mow: “Omega coming”
Bitcoin, the pioneering cryptocurrency, has taken its long-awaited step toward revisiting its record high, reaching $71,000 once more – a level not seen since April 1 when BTC was priced at $71,330. The potential triggers for this remarkable comeback were the encouraging CPI data, revealing a decreasing inflation rate, and an entire week of investments flowing into Bitcoin ETFs. This significant shift in Bitcoin’s value has not gone unnoticed by Jan3 CEO Samson Mow, a well-known Bitcoin advocate who previously foresaw BTC potentially hitting $1 million. In response to the price surge, Mow made another prediction using his Twitter handle @SamsonMow: this time, he anticipates the emergence of an Omega Bitcoin candle soon. As explained earlier by the CEO, an Omega candle is a substantial trading candle on a Bitcoin chart accompanied by volatile price movements. Currently, Bitcoin is being traded at $70,006, marking a 0.25% decrease over the past day according to CoinMarketCap.
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2024-05-22 19:21