Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: An AI robot Kashef takes the historical data and performance of players to predict the results for each game at the FIFA World Cup.
Fast-Track Insights: Researchers claim that FTX-based service has been used to launder hundreds of millions of dollars that were stored on the exchange.
Elon Musk declares that there would be no more layoffs at Twitter, at least for now. He also says that he has no intention of moving the company's headquarters from San Francisco. Musk declared the good news in a second meeting after warning employees that bankruptcy might not be out of the question. This is apparently the first time that Musk ceased the waves of job cuts since he took control.
An artificial intelligence prediction model, known as Kashef, is taking into account the historical data and performance to predict the results of each game, all way to the final rounds. The predictions would include the number of wins, goals scored, FIFA ranking and so much more, starting from the matches played over the past century.
Experts at Capgemini collaborated with the University Hospital Bonn and Amazon Web Services to develop an artificial intelligence model that will accelerate the speed of clinical trials aiming to establish new treatments and solutions for River Blindness. It is a neglected tropical disease that affects over 20 million people globally. This new treatment could save years of work and speed up the development of new treatments.
Crypto industry leader, Genesis Trading has warned that might soon be facing bankruptcy. Earlier, the platform's lending arm suspended services and spent the weekend on fruitless fundraising efforts. The catastrophic failure of FTX is one of the many reasons why Genesis is facing these abnormal circumstances. The company is adding to the growing list of cryptocurrency companies that are facing the collapse after the FTX fall.
Reports claim hackers stole around US$477 million worth of cryptocurrencies from the collapsed FTX exchange to launder the funds from Bitcoin. The stolen money is then converted into digital coins and changed into Ethereum. Experts claim that hackers are converting Ether into a crypto product called RenBTC which is then converted into Bitcoin via a bridge.
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