Meta's $40bn buyback, ChatGPT's political bias, Bitcoin NFTs

Bits and pieces of awesome findings

We have to thank Meta for saving the day with its $40bn stock buyback. The crypto market increased too and some hope that this was the market bottom signal.

Chart of META stock rising 23 percent in a month to 189 dollars


ChatGPT is biased, especially when it comes to sensitive political topics. When asked to create a poem about Trump it declined, however for Biden wrote one. Sam Altman’s reply on the subject somehow avoids the elephant in the room: is an AI chatbot capable of creating non biased answers?

ChatGPT refusing to write a poem about Donald Trump

ChatGPT writing a flattering poem about Joe Biden

we know that ChatGPT has shortcomings around bias, and are working to improve it. but directing hate at individual OAI employees because of this is appalling. hit me all you want, but attacking other people here doesn’t help the field advance, and the people doing it know that.

— Sam Altman (@sama) · https://twitter.com/sama/status/1620927983627427840


Twitter’s algorithm is broken, again. Elon Musk started an experiment measuring the reach on locked accounts. Surprisingly the reach doubled.

Meme of a cartoon face padlocking the Twitter logo, captioned now I am going to go viral

@nichegamer Something fundamental is wrong

— Elon Musk (@elonmusk) · https://twitter.com/elonmusk/status/1620870276279042048


Bitcoin NFTs? Yes. Yesterday a 4Mb(!) block was mined, the largest in Bitcoin’s history. It’s a marketing stunt for a mining pool, however it’s raising interesting questions: Will taproot spamming bring the downfall of Bitcoin? Will the block war start again? And if you can bribe miners into doing something like this, what’s next?

Taproot Wizards cartoon wizard captioned magic internet JPEGs, join us

Last night, we made history The gatekeepers tried to censor us But we mined the LARGEST BLOCK and LARGEST TRANSACTION IN BITCOIN’S HISTORY Special thanks to bitcoin full node operators for supporting our efforts and hosting our 4MB NFT for all eternity! gm @TaprootWizards 🧙‍♂️

— Udi Wertheimer (@udiWertheimer) · https://twitter.com/udiWertheimer/status/1621176136142045191


Charlie Munger, the vice chairman of Berkshire Hathaway kills two birds with one stone: praising totalitarian China while urging the US Government to ban Bitcoin, because “it blocks government control”.

99 year old billionaire Charlie Munger praises the communist leader in China but thinks Bitcoin is evil… Choose freedom. Learn about #Bitcoin

— Walker⚡️ (@WalkerAmerica) · https://twitter.com/WalkerAmerica/status/1621170527246372864


Just 24 hours after Nostr got traction in China giving people access to free speech, Apple took down the Damus app from the AppStore. Interesting to watch how this will fold out, for now a web based version may offer a quick fix.

Apple bends the knee to the CCP and removes @damusapp from the App Store in China after one day… They will soon discover #nostr is a freedom-loving hydra… Cut off one head and two will grow in its place. You cannot kill it; fighting it only makes it stronger.

— Walker⚡️ (@WalkerAmerica) · https://twitter.com/WalkerAmerica/status/1621239174182440960


Ray Dalio says 12 year old (!) Bitcoin is not connected with anything, and “it’s a tiny thing that gets disproportionate attention”.

This morning @RayDalio gave his updated stance on #Bitcoin. Disappointing.

— Mason (@QuaceTheQuant) · https://twitter.com/QuaceTheQuant/status/1621168715428671490


What is the correlation between human work and company income? It seems the need for workers declined while profits increased. This trend will accelerate with the help of AI.

Bank of America chart showing workers needed at S&P 500 companies to generate one million dollars in revenue falling from about 8 in 1986 to 2 in 2023


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