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DeepMind claims its next chatbot will rival ChatGPT

Will tap techniques that helped AlphaGo defeat a Go champion

Hey Waivly Crew! Revolut said Tuesday that its reducing some crypto trading fees.DeepMind believes its next AI model will be more capable than that behind OpenAIs ChatGPT.

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Revolut is lowering crypto trading fees

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United Kingdom-based neobank Revolut has announced a reduction to some of its crypto trading fees.

"We've been listening to your feedback, and have decided to update our fee structure," the company said in an email sent to customers on Tuesday. "We're happy to announce a reduction to some of our crypto trading fees."

The new structure will introduce lower trading fees for both standard and premium users. Standard and Plus customers will see crypto trading fees drop from 1.99% to 1.49%, while Premium and Metal customers will get reductions from 1.49% to 0.99%.

Revolut, well-known for its banking, investing, and currency exchange services, has allowed cryptocurrency trading on its platform since December 2017.

The Waves

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Tech Special

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DeepMind, the Google-owned research lab, claims that its next large language model will rival or even best OpenAIs.

Accordingto a report from Wired, DeepMind is using techniques from AlphaGo, DeepMinds AI system that was the first to defeat a professional human Go player, to make a ChatGPT-rivaling chatbot called Gemini.

If all goes according to plan, Gemini will be equipped with new capabilities like planning or problem-solving, DeepMind CEO Demis Hassabis told Wireds Will Knight.

At a high level you can think of Gemini as combining some of the strengths of AlphaGo-type systems with the amazing language capabilities of the large models, Hassabis said. We also have some new innovations that are going to be pretty interesting.

He also noted that Gemini is still months away from officially launching, and will cost tens or hundreds of millions of dollars to develop.

The news of Gemini comes as Hassabis himself has expressed concern about the long-term risks of AI. In the Wired report, Hassabis said that no one really knows for sure that AI will become a major danger, but that if progress continues at its current pace, there isnt much time to develop safeguards.

I can see the kinds of things were building into the Gemini series right, and we have no reason to believe that they wont work, he said.

Stitcher

Sticher, the popular podcasting app and web service, will shut down on August 29th, according to anFAQon its website.

SiriusXM, the owner of Stitcher, is focused on incorporating podcasts into its flagship SiriusXM subscription business, the closure note reads. Subscribers can listen to podcasts within the SiriusXM app and will see an all-new listening experience later this year.

The notice added that Stitcher Studios and its Earwolf comedy network will continue producing podcasts.

Although Stitcher says its premium content may continue elsewhere, it notes that hosts/creators will determine availability and accessibility of their shows. The company recommends following your favourite podcast hosts on social media to learn the fate of individual shows.

Stitcher first bowed its podcast app in 2008 and has undergone multiple ownership changes since. Deezer acquired it in 2014 and sold it to Midroll Media two years later. Finally, parent company E.W. Scripps Company sold it to SiriusXM in 2020 only for the satellite radio broadcaster to shutter it later this year.

The company turned off automatic renewal for paid subscriptions on Tuesday and detailed the refund process for customers. Those with existing subscriptions wont need to take any action to cancel. Meanwhile, people with annual subscriptions scheduled to renew after August 29th will receive a prorated refund for the remaining service time on their subscription.

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