Top Tech News Today: ChatGPT is “Basically High-Tech Plagiarism” and “A Way to Avoiding Learning,” says an American Linguist! Crypto Firm Paxos Has Been Ordered to Stop Issuing Binance Stablecoin

Noam Chomsky, an American linguist criticizes ChatGPT saying ‘it’s a way to avoid learning’! Read more tech news

Good morning tech fam, here are some quick tech updates for you to catch on to!

What’s New Today: Amazon CEO Andy Jassy Says the Company Has Been Working on ChatGPT-Like Tech for a Long Time.

Fast-Track Insights: Bitcoin Funding Rates Fall into Negative Territory as Investor Caution Grows.

The American philosopher and linguist Noam Chomsky described ChatGPT, a sophisticated artificial intelligence chatbot from OpenAI, as “basically high-tech plagiarism” and “a way to avoid learning” during a recent interview. He also noted that children automatically embrace this technology to avoid learning and it is “a symptom that the educational system is failing”. Chomsky expressed his thoughts on the future of academic writing in the context of ChatGPT’s growing popularity when he was speaking with the host of the YouTube channel EduKitchen. According to the linguist, professors have employed various systems to identify plagiarism for years, but “it’s going to be more difficult since it’s simpler to plagiarise as ChatGPT grows more popular. He went on to say that the only way chatbots like ChatGPT can help the education system is through plagiarism.

In a recent interview, Amazon CEO Andy Jassy stated that the company has been working on technology similar to ChatGPT for a long time. He also mentioned that generative AI is intriguing and has a lot of potentials. In an interview with Financial Times, he talked about generative AI and remarked that the prospects are ‘interesting’. He also stated that most significant technology companies have been experimenting with these massive, generative AI models ‘for a long time’. He said, “I think it’s exciting, what’s possible with generative AI. And it’s part of what you’re seeing with models like ChatGPT. But most large, deeply technical companies like ours, have been working on these very large, generative AI models themselves for a long time.”

AI and other new automated technologies have made the human workforce into a frenzy. People have been in a frenzy about the effects artificial intelligence and other new automated technologies will have on America’s employment market since ChatGPT caught the globe by storm last autumn. Viral films of brand-new, “totally automated” McDonald’s and Taco Bell establishments served to reinforce the idea that robots are stealing our jobs. Though AI and other forms of automation have advanced, it doesn’t always imply they’re going to eliminate employment, which is the reflexive response to these movies. The new technology is only altering how we work and the kind of employment that is available. Read More.

According to Reuters and The Wall Street Journal, New York regulators have ordered cryptocurrency firm Paxos to stop releasing Binance USD (BUSD), the third largest stablecoin by market cap and tied to the US dollar, due to worries that it cannot “safely” issue the token. This comes as Paxos prepares to face a Securities and Exchange Commission (SEC) lawsuit over the BUSD coin. According to sources close to the case, the agency intends to sue the corporation “for breaking investor protection regulations.” Paxos later admitted receiving a Wells Notice from the agency — a document used by the government to notify a corporation or individual of potential infractions and enforcement measures — and says it “categorically denies” the allegations.

Bitcoin funding rates fell into negative territory, indicating greater investor skepticism. Payments paid on exchanges that trade perpetual futures contracts are represented by funding rates. Because perpetual futures contracts have no expiration date, financing rates ensure that the spread between spot bitcoin and bitcoin futures remains constant. Long holdings pay short positions when the funding rate is positive, suggesting optimistic confidence. When financing rates are negative, as they are now, the opposite is true. Crypto market experts expect the SEC to scale up investigations into stablecoins and implement a new regulation that has brought risk that was not previously accounted for and may continue to have a negative impact on prices.

The post Top Tech News Today: ChatGPT is “Basically High-Tech Plagiarism” and “A Way to Avoiding Learning,” says an American Linguist! Crypto Firm Paxos Has Been Ordered to Stop Issuing Binance Stablecoin appeared first on Analytics Insight.