Gemini

Google slashes price of Gemini AI model, opens up to developers

Google parent company Alphabet said it was slashing prices for its pro version of AI model Gemini and plans to make its tools more accessible to developers to create their own versions.

Alphabet, the parent company of Google, announced on Dec. 13 that it plans to slash the cost of a version of its most advanced artificial intelligence (AI) model, Gemini, and make it more accessible to developers.

According to reports, the company said the price for the Pro model of Gemini has been cut by 25%–50% from what it was in June.

Gemini was introduced in three variations on Dec. 6, with its most sophisticated version being able to reason and understand information at a higher level than other Google technology, along with computing video and audio.

Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan

Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.

Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market rates.

In a post on X (formerly Twitter), Gemini Trust revealed it sent creditors an email on Dec. 13 outlining the proposed plan, which has now been put up for a vote.

Under the proposed plan, creditors will receive a payout equal to their Earn crypto balances as of Jan. 19, 2023 — the date that Gemini’s cryptocurrency lending partner Genesis Global Capital filed for bankruptcy.

Google’s Gemini demo is now getting accused of being ‘fake’

Onlookers praised the Gemini tech demo from Google upon its release last week but the tech firm admits some of it was jazzed up for “brevity.”

A “hands-on” tech demo of Google’s new artificial intelligence model Gemini has gone from being the talk of the town to being accused by critics of being “basically entirely fake.”

The six-minute video, which garnered 2.1 million views on YouTube since its release on Dec. 7, shows it seamlessly interacting with a human operator in seemingly real-time, including analyzing a duck drawing, hand gestures, and inventing a game called “Guess the Country” with just an image prompt of the world map.

However, Oriol Vinyals, a Google Deepmind executive has since clarified that while the user prompts and outputs in the video are real, it has been “shortened for brevity.” In reality, Gemini’s interactions were text-based, not voiced, and took much longer than how it was represented in the video.

Google’s Gemini demo accused of being ‘fake’

Onlookers praised the Gemini tech demo from Google upon its release on Dec. 7, but the tech firm admits some of it was jazzed up for “brevity.”

A “hands-on” tech demo of Google’s new artificial intelligence model Gemini has gone from being the talk of the town to being accused by critics of being “basically entirely fake.”

However, Google DeepMind executive Oriol Vinyals has since clarified that while the user prompts and outputs in the video are real, they have been “shortened for brevity.” In reality, Gemini’s interactions were text-based, not voiced, and took much longer than represented in the video.

Google’s Gemini, OpenAI’s ChatGPT go head-to-head in Cointelegraph test

Comparisons of Google’s Gemini and OpenAI’s ChatGPT continue to flood internet social spaces, so we decided to put them to the test with questions of our own.

On Dec. 6, Google launched its latest artificial intelligence (AI) model, Gemini, which it claimed is the most advanced model currently available on the market — even better than the popular model developed by OpenAI, ChatGPT-4.

This bold claim was treated like a challenge by community sleuths across the internet, who swiftly moved to examine the methods and benchmarks used by Google to assert Gemini’s supposed superiority and poke fun at the company’s marketing of the product.

David Gull, CEO of AI-powered wellness startup Vital, told Cointelegraph that each model, be it ChatGPT-4, Llama 2, or now Gemini, has its own set of strengths and challenges.

Is Google’s Gemini really smarter than OpenAI's GPT-4? Community sleuths find out

After Google launched its new high-performance AI model Gemini and claimed it to be far superior to OpenAI’s GPT-4 users on social media began to challenge those claims.

Google launched its latest artificial intelligence (AI) model Gemini on Dec. 6, announcing it as the most advanced AI model currently available on the market, surpassing OpenAI’s GPT-4.

Gemini is multimodal, which means it was built to understand and combine different types of information. It comes in three versions (Ultra, Pro, Nano) to serve different use cases, and one area in which it appears to beat GPT-4 is its ability to perform advanced math and specialized coding.

On its debut, Google released multiple benchmark tests that compared Gemini with GPT-4. The Gemini Ultra version achieved “state-of-the-art performance” in 30 out of 32 academic benchmarks that were used in large language model (LLM) development.

Is Google’s Gemini smarter than OpenAI's Chatgpt? Community sleuths find out

After Google launched its new high-performance AI model Gemini and claimed it to be far superior to OpenAI’s GPT-4 users on social media began to challenge those claims.

Google launched its latest artificial intelligence (AI) model Gemini on Dec. 6, announcing it as the most advanced AI model currently available on the market, surpassing OpenAI’s GPT-4.

Google’s ‘GPT-4 killer’ Gemini is out, here’s how you can try it

Google has deployed its newest weapon in the AI arms race, a new artificial intelligence model that it claims is smarter and more powerful than OpenAI’s GPT-4.

Tech giant Google has officially rolled out Gemini, its latest artificial intelligence (AI) model that it claims has surpassed OpenAI’s GPT-4.

On Dec. 6, Google CEO Sundar Pichai and Google DeepMind CEO and co-founder Demis Hassabis announced the launch of Gemini in a company blog post.

The AI model has been optimized for different sizes and use cases (Ultra, Pro, Nano) and built to be multimodal to understand and combine different types of information.

Gemini to launch derivatives platform outside the United States

The platform’s first derivatives contract will be a BTC perpetual contract denominated in Gemini Dollar, followed by an ETH/GUSD perpetual contract.

United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the United States. The move comes amid a tightening, uncertain regulatory environment for crypto firms in the country.

Dubbed Gemini Foundation, the offshore division will offer services to users based in Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, the British Virgin Islands, Bhutan, Brazil, the Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Israel, Jersey, New Zealand, Nigeria, Panama, Peru, the Philippines, Saint Lucia, Saint Vincent and Grenadine, South Africa, South Korea, Switzerland, Thailand, Turkey, Uruguay and Vietnam. It will not offer services for customers in the United States.

The platform’s first derivatives contract will be a Bitcoin (BTC) perpetual contract denominated in Gemini Dollar (GUSD), followed by an ETH/GUSD perpetual contract shortly after.

1/ Introducing Gemini Foundation – a non-US crypto derivatives platform.

Coming soon…https://t.co/HtFHHfAP8d

— Gemini (@Gemini) April 21, 2023

Eligible customers will be able to trade both spot and derivatives products, as well as convert U.S. dollars and USD Coin (USDC) into GUSD on a 1:1 basis. Fees, profits and losses will also be processed in GUSD. The default leverage is 20x, with the maximum possible leverage being 100x.

Unlike traditional futures contracts, perpetual contracts never expire. Perpetual futures trading is not regulated by the Commodity Futures Trading Commission, and exchanges offering crypto futures contracts, like BitMEX, are not available for U.S. customers.

The move comes a few days after Gemini revealed plans to establish a new engineering hub in India. The exchange’s founders, Tyler and Cameron Winklevoss, recently announced that Gemini has “big plans for international growth this year in APAC.” Earlier this month, Gemini filed a pre-registration with the Ontario Securities Commission to become a restricted dealer in Canada.

Gemini has been scrutinized by U.S. authorities, with the New York State Department of Financial Services reportedly investigating the exchange over claims that many users had believed assets in their Earn accounts were protected by the Federal Deposit Insurance Corporation.

Gemini’s Earn program halted withdrawals in November after its operating partner, Genesis, cited “unprecedented market turmoil.” In January, the firm filed for Chapter 11 bankruptcy. Reports at the time suggested that up to $900 million in Earn user funds could have been locked. The U.S. Securities and Exchange Commission also charged the exchange with offering unregistered securities through Earn in January.

Magazine: Best and worst countries for crypto taxes — Plus crypto tax tips

Crypto Biz: Global AI race ramps up, Winklevoss $100M loan to Gemini, and more

Recent days have seen new players emerge in the race for artificial intelligence, with business giants announcing AI initiatives.

The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation of public opinion”. It’s worth remembering that Twitter CEO Elon Musk recently spearheaded a letter calling for the halt of advanced AI development due to societal concerns. As the proverb says, “if you can’t beat your enemy, join them”.

While the AI landscape is taking shape, crypto exchange Gemini has secured a $100 million personal loan from its founders, Tyler and Cameron Winklevoss. Funding comes after alleged external capital raising attempts failed.

This week’s Crypto Biz looks at the AI market competition worldwide, the Winklevoss’ loan to Gemini and MetaMask move to allow crypto purchases.

Winklevoss twins infuse Gemini with $100M personal loan

Co-founders of crypto exchange Gemini Tyler and Cameron Winklevoss have reportedly dipped into their own pockets to fund the business amid the crypto market downturn through a personal $100 million loan. The cash injection follows previous attempts to raise capital from outside investors. The Winklevoss brothers are funding Gemini amid regulatory scrutiny in the United States. In January, the U.S. Securities and Exchange Commission charged Gemini with offering unregistered securities through the exchange’s Earn program.

Elon Musk reportedly buys thousands of GPUs for Twitter AI project

Tech billionaire Elon Musk seems to be making progress with his plans on developing Twitter’s artificial intelligence (AI) infrastructure. According to anonymous sources familiar with the company, the Twitter CEO recently purchased nearly 10,000 graphics processing units (GPUs) to be used on the platform. Typically, GPUs work on large-scale AI models due to the massive computation power required by the technology. The alleged purchase comes a few days after Musk spearheaded a letter calling for the halt of AI development due to societal concerns.

In the months ahead, we will use AI to detect & highlight manipulation of public opinion on this platform.

Let’s see what the psy ops cat drags in …

— Elon Musk (@elonmusk) March 18, 2023

MetaMask launches new fiat purchase function for cryptocurrency

MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. According to MetaMask, the goal is to offer users an easier way to purchase crypto with fiat currency. A wide range of cryptocurrencies are available for purchase in the feature through debit and credit cards, as well as PayPal, bank transfers, and instant ACH (Automated Clearing House). The service will be rolled out to users in over 189 countries across eight different networks. MetaMask claims the service takes the user’s location into account and follows local regulations.

Tech giant Alibaba to roll out ChatGPT competitor AI

Chinese e-commerce giant Alibaba is joining the global artificial intelligence (AI) race with its own version of a chatbot assistant. Alibaba announced the rollout of the ChatGPT-like product in the “near future.” The new product will be called Tongyi Qianwen, which translates to English as “seeking an answer by asking a thousand questions.“ The chatbot will be first available in English and Mandarin. It will be also integrated with Alibaba’s vast ecosystem of tech businesses, including the workplace messaging app, DingTalk, and voice assistant smart speaker, Tmall Genie.

Crypto Biz is your weekly pulse of the business behind blockchain and crypto, delivered directly to your inbox every Thursday.