Is There a Future for Cryptocurrencies?

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It's a complicated question and a lot depends on how the crypto industry would respond to that state of affairs. A lot of times like industry will say, oh, if you make this sort of designation or institute this rule, like our whole industry will collapse. And it's also certainly the case that the crypto industry has done a pretty good job kind of destroying itself over the last year without any of those rules existing. The amount of surface area to build on just got way, way smaller.

Snapchat launches a chatbot. Meta plans to “turbocharge” its A.I. work. Elon Musk explores “BasedAI.” At this point, who isn’t making an A.I. play?

Plus: Is crypto finally dead? Also, a new TikTok filter is making people terrifyingly hot.

On today’s episode:

David Yaffe-Bellany, a cryptocurrency and financial technology reporter for The New York Times.

Hard Fork listeners! We want to hear from you. How is A.I. showing up in your everyday life? In your job, school and families? What are you using it for? Email us a voice memo at hardfork@nytimes.com.

Additional reading:

Snapchat launched “My AI” to paid subscribers.
Mark Zuckerberg announced a high-level group to “turbocharge” Meta’s work with generative A.I.
Meta AI released LLaMA to researchers.
The science fiction and fantasy magazine “Clarkesworld” was flooded with chatbot-generated submissions. The writing is “bad in spectacular ways,” its editor said.
Elon Musk is considering starting his own A.I. company.
An FTX co-founder pleaded guilty to criminal charges and agreed to cooperate with prosecutors investigating Sam Bankman-Fried.
A “flurry” of fines, lawsuits and policy statements are spooking crypto executives.
Gary Gensler, the chair of the S.E.C., said that in crypto “everything other than Bitcoin” should be treated as a security.
Some TikTok users are worried by how realistic its new filters can seem.