📜 Ancient Roman scrolls decoded using AI
Owned by Julius Caesar's family
Hey Waivly Crew! 🌊 MicroStrategy has continued its steadfast commitment to Bitcoin by purchasing an additional 850 BTC. A Roman scroll, buried in the eruption of Mount Vesuvius, has been virtually unwrapped and decoded using AI.
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At Waivly Work, our mission has and always will be to provide a transparent and informative platform for professionals to navigate their career paths. With the introduction of Company Reviews, we're taking this mission further. Now, you can not only find exciting job opportunities, hire top-tier talent, and explore future-led companies, but also gain valuable insights into workplace cultures and employee experiences.
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SEC delays Invesco Galaxy spot Ethereum ETF
The US Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Invesco Galaxy Ethereum ETF, jointly proposed by Invesco and Galaxy Digital.
In a Tuesday notice, the SEC said it would initiate proceedings to evaluate the proposed rule change enabling the listing and trading of the ETF on the Cboe BZX Exchange. Opening the proposal for public comment extends the decision deadline by an additional 35 days, as per Federal Register publication.
The SEC has the authority to delay the final decision on the Invesco Galaxy spot Ether ETF for up to 240 days. Invesco submitted the proposal in October 2023, and with the publication in the Federal Register in November, the SEC has until July 2024 to either approve or disapprove the investment vehicle.
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MicroStrategy buys $37 million in Bitcoin
MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January, bringing its total holdings to 190,000 BTC, worth $8.1 billion.
In its fourth-quarter 2023 earnings call on Tuesday, the business software firm’s CFO, Andrew Kang, reported the acquisition of 56,650 BTC throughout the year at an average price of $33,580. MicroStrategy posted a net income of $89.1 million, compared with a $249.7 million loss in 2022, while revenue decreased 6.1% to $124.5 million.
MicroStrategy executive chairman Michael Saylor said its 2023 performance is attributed to investors recognizing the broader theme of a "digital transformation" in assets, highlighting the impact of spot Bitcoin ETFs on the asset's perception and value.
💼 Snap is cutting 10 percent of its staff
💸 Scammers use deepfakes to steal $25.6 million
📈 Apple's OLED iPad Pro to see a significant price increase
💰 Las Vegas Sphere revenue revealed for first full quarter
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Ancient papyrus scrolls from the Herculaneum collection, buried by Mount Vesuvius in 79AD, have been successfully deciphered using AI.
The Herculaneum papyri, around 1,800 scrolls carbonized during the volcanic eruption, posed a challenge due to their delicate state. Stored in Naples, over 800 scrolls from an ancient Roman villa had defied previous attempts at reading.
However, three students, Youssef Nader, Luke Farritor, and Julian Schilliger, achieved a breakthrough by employing AI-powered coding machines. Their success in reading 15 columns from a scroll earned them a share of the $700,000 grand prize from the Vesuvius Challenge, a competition offering a $1 million prize to solve the problem.
Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann is now attempting to purchase the company out of bankruptcy through his new venture, Flow Global.
Neumann, supported by funding from Third Point, has been actively exploring this acquisition since December 2023. However, a letter from Neumann's attorney, Alex Spiro, highlights WeWork's uncooperative stance and refusal to share essential information for a potential bid. Neumann's turbulent history, marked by abandoning IPO plans in 2019 and WeWork's subsequent bankruptcy in November, stands in stark contrast to his current optimism.
Without specifying acquisition details, Neumann's team expresses readiness to submit a comprehensive proposal, aiming to revitalize WeWork in the evolving landscape of hybrid work.
Meta plans to label images generated by OpenAI, Midjourney, and other AI products, as announced by Nick Clegg, Meta's president of global affairs, during an interview on ABC's "Good Morning America."
While Meta currently struggles to identify AI-generated audio and video from external tech platforms, a forthcoming feature will allow users to voluntarily tag such content when uploading it. The labels, expected in the next few months, will apply to AI-generated images on Facebook, Instagram, and Threads, including those created by Meta's own tool.
Clegg emphasized the challenge of distinguishing between human and synthetic content, acknowledging that the labels won't provide a "perfect solution" due to the scale and complexity of AI-generated material on the platforms.
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