Lag0s

Week Summary

Technology

Earth has captured a temporary 'second moon,' a small asteroid named 2024 PT5, which will orbit until November 2024.

Research indicates that larger AI chatbots are increasingly prone to generating incorrect answers, raising concerns about their reliability.

Meta's Chief Technical Officer discussed advancements in AR and VR technologies, particularly focusing on the Orion AR glasses.

The author reflects on their experience with Rust, proposing several changes to improve the language's usability and safety features.

The Tor Project and Tails OS have merged to enhance their efforts in promoting online anonymity and privacy.

OpenAI is undergoing leadership changes, with key executives departing amid discussions about restructuring and the company's future direction.

Git-absorb

The concept of critical mass explains how significant changes occur when a threshold of acceptance is reached, impacting technology and society.

WordPress.org has banned WP Engine from accessing its resources due to ongoing legal disputes, raising concerns about security for WP Engine customers.

PostgreSQL 17

Hotwire Native is a web-first framework that simplifies mobile app development, allowing developers to reuse HTML and CSS across platforms.

Radian Aerospace is progressing on a reusable space plane, completing ground tests and aiming for full-scale flights by 2028.

A groundbreaking diabetes treatment using reprogrammed stem cells has enabled a patient to produce insulin independently for over a year.

Apple is developing a new home accessory that combines features of the iPad, Apple TV, and HomePod, expected to launch in 2025.

SpaceX's Starlink service is set to surpass 4 million subscribers, reflecting rapid growth and significant revenue projections.

TinyJS is a lightweight JavaScript library that simplifies dynamic HTML element creation and DOM manipulation for developers.

BlackRock's Spot Ethereum ETF Surpasses $1 Billion in Assets
BlackRock's spot Ethereum exchange-traded fund (ETF) has achieved a significant milestone, surpassing $1 billion in total asset value just two months after its launch. This achievement comes after a favorable trading week for US-based spot Ethereum ETFs, marking a notable turnaround in investor sentiment. The recent week saw positive net inflows for the first time in several weeks, indicating renewed enthusiasm for Ethereum. The data reveals that US-based spot Ethereum ETFs experienced their highest weekly inflows since early August, reversing a trend of six consecutive weeks of negative outflows. On a particular Friday, these funds recorded inflows totaling $58.7 million, contributing to a net positive inflow of approximately $84.5 million for the week. Notably, Fidelity's FETH fund led the way with $42.5 million in inflows, while BlackRock's ETHA fund added $11.5 million. This surge in investment has positioned BlackRock's fund among the top 20% of over 3,700 ETFs available in the US market. In addition to BlackRock and Fidelity, other funds also saw inflows, including Bitwise's ETHW, Invesco's QETH, and Grayscale's ETH. The overall net asset value of these funds has reached $7.4 billion, the highest level since late August. The recent performance of Ethereum has been bolstered by a rate cut from the Federal Reserve, which has led to a resurgence in optimism among futures traders regarding Ethereum's potential. Transaction fees for Ethereum have also increased, reflecting a rise in blockchain activity. This combination of factors has contributed to a more favorable outlook for Ethereum, particularly as it has outperformed Bitcoin in recent trading sessions. The article emphasizes the independent nature of The Block as a media outlet, providing objective and timely information about the cryptocurrency industry. Zack Abrams, the author of the article, has a background in Web3 media and has previously reported on significant stories in the crypto space. The article concludes with a disclaimer regarding the nature of the information provided, clarifying that it is not intended as financial or investment advice.
Hi Impact
BlackRock
Fidelity
Ethereum
United States

Month Summary

Technology

OpenAI is considering a new subscription model for its upcoming AI product, Strawberry, while also restructuring for better financial backing.

Telegram founder

The startup landscape is shifting towards more tech-intensive ventures, with a focus on specialized research and higher capital requirements.

Boom Supersonic's XB-1 demonstrator aircraft successfully completed its second flight, testing new systems for future supersonic travel.

announced the uncrewed return of Boeing's Starliner, with future crewed missions planned for 2025.

OpenAI's SearchGPT aims to compete with Google Search by providing AI-driven information retrieval, though it currently faces accuracy issues.

Tesla is preparing to unveil its autonomous robotaxi technology at an event in Los Angeles, indicating ongoing challenges in achieving full autonomy.

The US Department of Justice is investigating Nvidia for potential antitrust violations related to its AI chip market dominance.

Apple plans to use OLED screens in all iPhone 16 models, moving away from Japanese suppliers and introducing new AI features.

Amazon S3 has introduced conditional writes to prevent overwriting existing objects, simplifying data updates for developers.

Chinese scientists have developed a hydrogel that shows promise in treating osteoarthritis by restoring cartilage lubrication.

Nvidia's CEO is working to position the Nvidia as a comprehensive provider for data center needs, amidst growing competition from AMD and Intel.

OpenAI

Nvidia Blackwell

Amazon is set to release a revamped Alexa voice assistant in October, powered by AI models from Anthropic's Claude, and will be offered as a paid subscription service.