Top tech news: ChatGPT 4 is now available, and it possesses these ten almost human-like capabilities. Alphabet announced plans to cut approximately 12,000 jobs worldwide.

According to OpenAI, there may be subtle differences between GPT-3.5 and GPT-4.

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

What's New Today: Alphabet, the parent company of Google, announced plans to cut approximately 12,000 jobs worldwide.

Fast-Track Insights:  The crypto industry may move toward decentralization as a result of bank chaos in the US.

It is anticipated that GPT-4, the underlying technology of ChatGPT Plus (also known as ChatGPT 4) will be superior to and more sophisticated than its predecessor, the GPT-3/GPT-3.5 language models. This comes a few months after OpenAI released ChatGPT, which is powered by GPT-3, for public testing. According to the company, GPT-4 is a "large multimodal model" that can even analyze image inputs and demonstrates "human-level performance" on a variety of professional and academic benchmarks. Currently, ChatGPT Plus subscribers can test its capabilities, and developers who want to incorporate the multimodal model into their tools can join the API waitlist.

In support of those laid off by Google worldwide, 250 Google employees in Zurich walked out of their workplaces. The employees are asking the business not to make any more layoffs. Alphabet, the parent company of Google, announced plans to lay off approximately 12,000 employees worldwide in the middle of January. Although affected Google employees in the United States and Canada have already been informed, it is still unknown how many will be fired elsewhere. The walkout at Google Zurich is a show of support for coworkers whose employment has already been terminated and a protest against these massive layoffs.

Despite the excitement surrounding AI technologies like OpenAI's ChatGPT, whose fourth-generation large language model GPT-4 is expected to be released next week, the discussion regarding the technology's potential impact on the current job market appears to be going unnoticed.

The advocates of automation, artificial intelligence, and any other type of technology are continuing to assert that they will not replace the human workforce; rather, they will create more jobs and opportunities. However, the opponents appear to disagree. AI experts predict a future in the ChatGPT.

According to the United Nations, only the position of elevator operator had been replaced by technology out of the 270 jobs listed in the 1950 US Census. However, the fear of being replaced by cutting-edge technologies is also growing as the world becomes increasingly technological. Read more

Silver gate Capital, Silicon Valley Bank, and Signature Bank all went out of business or were closed last week, causing crypto users and businesses alike to rush to move their assets. According to Standard DAO CEO Aaron Rafferty, "Silver gate and Signature serve as the major on- and off-ramps for the crypto space with their SEN and Signet products, respectively." The tie for SVB was inclining further toward the side of significant startup and VC capital for the space with associations like Light speed, Y Combinator."

The covering of these banks likewise has greater ramifications on the crypto business since some of them were offering types of assistance to the business, Mina Tadrus, President of the quant speculation the board firm Tadrus Capital LLC and general accomplice of Tadrus Capital Asset, said. " Cryptocurrency traders and businesses were able to deposit, transfer, and convert fiat currency into digital assets like Bitcoin, Ethereum, and other cryptocurrencies thanks to these banks.