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Apple wants to put an AI in your pocket

Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers Conference in June.

Reports emerged in July, however, that Apple was working on its own generative AI tool, dubbed internally “Apple GPT,” which uses a large language model (LLM) framework called Ajax. On this week’s quarterly earnings call, CEO Tim Cook said Apple was enthusiastic about the technology and has incorporated AI into forthcoming iOS17 features like Personal Voice (voice cloning and text-to-speech) and Live Voicemail (live transcription). He added:

“We’ve been doing research across a wide range of AI technologies, including generative AI, for years. We’re going to continue investing and innovating and responsibly advancing our products with these technologies, with the goal of enriching people’s lives. That’s what it’s all about for us. As you know, we tend to announce things as they come to market, that’s our M.O., and I’d like to stick to that.”

Of course, what everyday users want to know is whether Siri will be getting an AI upgrade. And they certainly appear to be working on it, with the Financial Times reporting that Apple is hiring dozens of researchers and engineers to work on “compressing existing language models so they can run efficiently on mobile devices, rather than in the cloud.” The ads indicated the company is fully focused on bringing LLM technology to mobiles.

Also read: Experts want to give AI human ‘souls’ so they don’t kill us all

There are speed, privacy and security reasons to run the AI locally on the phone hardware rather than in the cloud, given concerns over OpenAI and Claude hoovering up all your personal and business data. Back in 2020, Apple spent $200 million snapping up Seattle startup Xnor, which focuses on this exact problem.

iOS17
Apple’s Personal Voice is coming in iOS17. (Apple)

Passwords even more useless due to AI

Even prior to the advent of AI, computing technology had progressed to the point where the average eight-character password — using a combination of numbers, upper and lower case letters and a special character as recommended — could be cracked in around five minutes. New research indicates that AI password crackers like PassGAN can crack more than half of all commonly used passwords in less than a minute.



Now it turns out that AI can work out your password with greater than 90% accuracy, purely from the sound of you typing. Given that almost everyone types within earshot of a computer or phone mic, that’s a pretty big exploitable area, especially if you log in to a site while on a Zoom call (93% accuracy.)

The tech isn’t quite as good when users touch type or use the shift key, but it’s even clearer that passwords alone without 2FA need to be consigned to the bin of history.

AI password crack
Passwords are increasingly obsolete (Home Security Heroes)

Google and Universal negotiate deal on music deep fakes

Johnny Cash’s fake version of “Barbie Girl” and Frank Sinatra riffing on a big band take of “Gangsta’s Paradise” are a couple of the more amusing AI deep fakes out there. This has provoked alarm from artists, including Drake and Sting, who are understandably concerned at their unique vocals and music styles being ripped off.

Also read: ‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin

In response, Google has reportedly entered negotiations with Universal Music to create a tool for fans to create their own legitimate deep fakes of popular artists with a fee going back to the copyright holders. Artists would have the ability to opt in or opt out of the system. Google is trying to strike a similar deal with Warner Music, whose CEO, Robert Kyncl, enthused to investors this week that “with the right framework,” AI could “enable fans to pay their heroes the ultimate compliment through a new level of user-driven content . . . including new cover versions and mash-ups.”

Some artists have embraced AI technology, with Grimes offering a 50/50 split of proceeds to AI producers and Paul McCartney using AI to improve John Lennon’s rough demo vocals for “the final Beatles track,” which was abandoned due to poor quality in the ‘90s.

Disney’s AI task force

Hollywood writers and actors strike be damned! Disney has created an artificial intelligence task force to study how AI can be used across the entertainment behemoth. There are 11 current job openings across its theme parks, TV and advertising divisions.

While creatives see AI as a threat, a Disney insider says the company believes the bigger threat is not adapting to the new landscape in order to bring budgets down — now topping $300 million for tentpole releases like Indiana Jones. Apart from bringing down the costs of special effects with generative AI, a theme park imagineer told Reuters that AI can make the company’s robots more lifelike, pointing to Project KIWI, which used machine learning technique to give a free-roaming Baby Groot from Guardians of the Galaxy personality and character movements.

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Researchers ‘hypnotize’ GPT-4 to con other users

Disturbing research from IBM suggests that GPT-4 can be tricked into manipulating users. The researchers have shown that GPT-4 can be “hypnotized” to take part in multi-layered Inception-type games that saw the models “leaking confidential financial information, generating malicious code, encouraging users to pay ransoms, and even advising drivers to plow through red lights,” according to Gizmodo.

Even if users figured out one of the “games” the LLM was playing, the researchers had created multiple other “games” the user would fall into. Bard is apparently more difficult to manipulate than GPT-3.5 and GPT-4.

Also read: Blockchain games aren’t really decentralized… but that’s about to change

All Killer No Filler AI news

— Nvidia has just unveiled its GH200 super chip, which has 141GB of next-gen memory, three times the capacity of its popular H100 GPU. Nvidia says the cost of powering LLMs will drop significantly

— A new preprint from former Amazon AI researcher Konstantine Arkoudas analyzed GPT-4’s responses to 21 reasoning problems and concluded that: “Despite occasional flashes of analytical brilliance, GPT-4 at present is utterly incapable of reasoning.” 

— Spotify’s AI feature “DJ” — which recommends new artists and tracks and tells you why you should give them a go — is being rolled out to 50 countries this week. Users of the beta so far have spent around one-third of their listening time using DJ.

— Goldman Sachs predicts that AI investments will soar to $200 billion globally by 2025, accounting for 4% of U.S. gross domestic product and around 2.5% of the GDP of other nations. One in six companies mentioned AI on recent earnings calls.

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— Morgan Stanley is looking into concerns over an AI stock bubble, highlighting that previous bubbles had seen three-year peak returns of 150%. While AI stock darling Nvidia is up by 200% this year alone, broader AI indexes are only up by 50%.

— Researchers at Harvard and the University of Washington found that crowdsourcing business ideas from humans produced much more novel ideas than GPT-4, while prompting those same ideas from the AI produced ideas with better environmental and financial value. They concluded the best way forward may be an “integrative human-AI approach to problem-solving.”

— Nobody trusts AI with company data, according to a Blackberry survey of 2,000 company IT chiefs, which found three quarters are either implementing or considering bans on ChatGPT and other LLMs for data security, privacy and corporate reputation reasons. However, a McKinsey survey found that only 21% of organizations have implemented any policies on generative AI so far.

Video of the week

Redditor SellowYubmarine posted this “AI-generated trailer” for a Magic 8 horror film to the Singularity subreddit. While it highlights that a single user can employ AI tech to come up with a pretty impressive trailer, it still requires considerable effort, with the user employing ChatGPT for dialogue and story ideas Midjourney, Adobe Firefly, Runway, Pika Labs for the visuals and Photoshop, After Effects and Audition for editing.

Still, the new tech means creators will mainly be limited by their imaginations in the future, rather than budgets, as has been the case in the past.

Andrew Fenton

Andrew Fenton

Based in Melbourne, Andrew Fenton is a journalist and editor covering cryptocurrency and blockchain. He has worked as a national entertainment writer for News Corp Australia, on SA Weekend as a film journalist, and at The Melbourne Weekly.

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Nigerian court postpones Binance tax evasion case to end of April: Report

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Nigerian court postpones Binance tax evasion case to end of April: Report

Nigerian court postpones Binance tax evasion case to end of April: Report

A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.

Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email.

Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents to Binance outside the country.

“On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is … registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” he said.

FIRS sued Binance in February, claiming the exchange owed $2 billion in back taxes and should be made to pay $79.5 billion for damages to the local economy as its its operations allegedly destabilized the country’s currency, the naira, which Binance denies.

It also reportedly alleged that Binance is liable to pay corporate income tax in Nigeria, as it has a “significant economic presence” there, with FIRS requesting a court order for the exchange to pay income taxes for 2022 and 2023, plus a 10% annual penalty on unpaid amounts along with a nearly a 27% interest rate on the unpaid taxes.

Nigeria’s legal history with Binance

In February 2024, Nigeria arrested and detained Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country dropped the tax charges against both in June and the remaining charge against Gambaryan in October.

Nigerian court postpones Binance tax evasion case to end of April: Report

Tigran Gambaryan (right) was seen in a September video struggling to walk into a courtroom in the Nigerian capital of Abuja. Source: X

Anjarwalla managed to slip his guards and escape Nigerian custody to Kenya in March last year and is apparently still at large.

Related: Binance exec shares details about release from Nigerian detention 

Gambaryan, a US citizen, returned home in October after reports suggested his health had deteriorated during his detainment with reported cases of pneumonia, malaria and a herniated spinal disc that may need surgery.

Binance stopped its naira currency deposits and withdrawals in March 2024, effectively leaving the Nigerian market.

Magazine: Trash collectors in Africa earn crypto to support families with ReFi 

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Sam and Starmer – what did PM actually mean?

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Sam and Starmer – what did PM actually mean?

👉Listen to Politics at Sam and Anne’s on your podcast app👈

It’s the final episode before recess so Sky News’ Sam Coates and Politico’s Anne McElvoy wonder, given the turbulent times, who’ll be the first to call for Parliament to be recalled?

And talking of the Lib Dems, there’s some new polling which might put a spring into the step of Ed Davey – is his party’s position on Trump and trade doing them some favours?

Of course, there’s plenty of time to talk about the onslaught of US tariffs and implications for the UK – watch out for if the PM is asked about fiscal headroom when he appears before the Liaison Committee of senior MPs later.

Sam and Anne also ponder the PM’s response to Sam at a Q&A yesterday.

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US to get its first XRP-based ETF, launching on NYSE Arca

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US to get its first XRP-based ETF, launching on NYSE Arca

US to get its first XRP-based ETF, launching on NYSE Arca

Asset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the NYSE Arca.

The Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the daily return of the XRP (XRP) token with a 1.85% management fee and annual expense ratio, according to the company’s website. The XRP-based ETF will trade under the XXRP ticker beginning April 8.

“If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF,” the alternative asset manager said.

XXRP currently has $2 million worth of net assets.

US to get its first XRP-based ETF, launching on NYSE Arca

Details of Teucrium’s soon-to-be-launched XXRP ETF. Source: Teucrium

Teucrium founder and CEO Sal Gilbertie told Bloomberg on April 7 that investors had shown strong interest in an XRP ETF and hinted that it may file to list more crypto ETFs in the future.

Gilbertie was also pleased that XXRP would launch during a market downturn driven largely by US President Donald Trump’s tariffs.

“What better time to launch a product than when prices are low?” Gilbertie told Bloomberg.

Likelihood of an approved spot XRP ETF still high: Analyst

Bloomberg ETF analyst Eric Balchunas said it was “very odd” to see a new asset’s first ETF come in leveraged form — however, he added that the odds of a spot XRP ETF being approved remain “pretty high.”

US to get its first XRP-based ETF, launching on NYSE Arca

Source: Eric Balchunas

Several spot XRP ETF applications from the likes of Grayscale, Bitwise, Franklin Templeton, Canary Capital and 21Shares are being reviewed by the Securities and Exchange Commission.

In February, Balchunas and fellow Bloomberg ETF analyst James Seyffart attributed 65% approval odds to a spot XRP ETF in 2025.

Predictions market Polymarket states there is currently a 75% chance that the SEC will approve a spot XRP ETF in 2025.

Related: XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline

Up until recently, ETF issuers would have seen a different environment for filing for XRP ETFs as Ripple Labs — the creators of the XRP token — and the SEC battled out a four-year court battle over XRP’s security status.

That case came to a close last month.

Teucrium has amassed over $310 million worth of assets under management since it was founded in 2010.

It offers mostly agricultural commodities, such as ETFs tracking the likes of corn, soybeans, sugar and wheat.

Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

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