The Daily Scrypt

As the diplomatic thaw between the two nations continues, Australian exports to China have increased to previously unheard-of levels in March. Australia’s exports have increased significantly as a result of China’s increased imports of iron for its steel sector and its lowering of restrictions on the transport of thermal coal. It is thought that the two nations’ commerce has reached a new high, which is a good development for their diplomatic relationship.

The Biden administration is proposing a 30% energy tax on cryptocurrency miners and swipe readers due to the “negative externalities” associated with the sector. President Joe Biden’s government is keen to ensure that cryptocurrency miners are held accountable for their energy consumption in order to minimize any potential environmental and economic damage.

The UK Competition and Markets Authority (CMA) is launching a study to investigate the implications of Artificial Intelligence development and deployment on consumers and the economy. Specifically, they will be inspecting OpenAI’s ChatGPT tool, adhering to principles such as safety, transparency, fairness, and accountability.

In recent times, cryptocurrency has become an attractive investment option for many. This influx of new investors, however, has led to an increase in malicious activity by hackers and scammers seeking to make money quickly. One notable case was when DidYouKnowGaming, a popular YouTube channel, was hacked.

A survey in Japan on April 30th showed that 69.4% of people prefer a more monitored approach to the progress of AI due to public apprehension over the potential effects of chatbots on culture. Kyodo News research also revealed that citizens fear the further proliferation of AI chatbot systems.

Coinbase’s Conor Grogan claims to have found a “jailbreak” for ChatGPT, an AI tool that predicts cryptocurrency price scenarios. The tool predicts a 15% chance of Bitcoin becoming irrelevant by 2035, with values declining by over 99.99%.

Bob Michele, the Chief Investment Officer of JP Morgan Asset Management, expressed concern about the future of regional banks in the US after emergency lending programs offered by the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB) come to an end.

Samsung Electronics Co. has decided to ban its employees from using generative AI tools such as ChatGPT, after the company found staff had uploaded sensitive source code to the model without permission.