Business, Spoken

Google's Gemini, a new AI model, is set to compete with OpenAI's ChatGPT, and both are working on radical ideas in the AI industry.

WIRED explores Meta's seven-year journey to implement end-to-end encryption for all chats in their communication apps. The challenges of implementing encryption for cloud services are discussed, along with mixed reactions to the launch from privacy advocates, law enforcement, and victim defense groups.

Binance's crackdown by US regulators transforms the company with extensive data reporting. Experts discuss potential positive outcomes and concerns over financial privacy. The impact on compliance in the crypto industry and hopes for mainstream adoption are explored.

Amazon pilots for the major air freight provider ATI are ready to strike due to low pay and high turnover. This could impact Amazon deliveries. The episode discusses the challenges faced by Amazon delivery pilots and the potential strike. It also emphasizes the need for dialogue to address these challenges and minimize customer impact.

US states are banning noncompete agreements, which could boost wages and innovation. Efforts at state and federal levels are discussed, along with the harmful impact of these agreements on workers' wages and freedoms.

The podcast discusses the excitement surrounding a potential spot Bitcoin ETF in the US, with mentions of investment firms like BlackRock and Fidelity. It explores the potential impact on Bitcoin's price and the demand for Bitcoin. The chapter emphasizes the industry's volatility and risk associated with Bitcoin.

Elon Musk criticizes advertisers leaving X, defends the platform, and encourages them to stop spending on it.

OpenAI's release of GPTs enables the creation of custom chatbots, but some data they're built on is easily exposed. Leaked instructions and vulnerabilities in custom GPTs pose risks like harmful content, data theft, cloning, and compromised APIs. OpenAI responds with claims, increased complexity of data extraction, and the need for defensive prompts to protect privacy.

A new geothermal power plant called Project Red is generating 2-3 megawatts of power using hot rocks, attracting investment from Google for sustainable data centers. The chapter explores the challenges and potential of these Enhanced Geothermal Systems (EGS) projects, including drilling through hard rock and potential earthquakes. Fervo's approach reduces drilling costs and mitigates project failure through modeling based on geological data.

The podcast explores the historic AI deal negotiated between the Screen Actors Guild and Hollywood studios, discussing the provisions for digital replicas and synthetic performers. It delves into concerns raised about the use of AI objects to portray human characters and the challenges of regulating synthetic performers. The podcast also explores the potential implications of AI in the film industry, including bypassing consent for AI usage and how AI could impact the craft of acting.