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Xbox and PlayStation versions of Cities Skylines 2 get delayed indefinitely – the last time Paradox did that it canceled the game two weeks later
Now, you can’t learn everything from history but it does have a lot to teach us. Paradox Interactive has been… Continue reading Xbox and PlayStation versions of Cities Skylines 2 get delayed indefinitely – the last time Paradox did that it canceled the game two weeks later
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Now, you can’t learn everything from history but it does have a lot to teach us. Paradox Interactive has been going through the mill a fair bit of late, taking flak from all sides, whether it stopping work on the already released Star Trek: (it turned out to be anything but) Infinite, and then remarkably canceling Sims competitor Life By You just days after delaying its arrival into Early Access.
The next game to get the dreaded vote of confidence from the board is the console version of Cities Skylines 2 – which we didn’t even talk about the problems that’s had since release because of the more recent proximity of the above.
When Cities Skylines was first due to release, it was supposed to be a simultaneous PC and console release last October. Only the PC version saw the light of day, the console version got pushed back to Spring, and more recently October a full year after the initial release.
In the meantime the PC Cities Skylines has been plagued by performance and gameplay issues, a lot of which are slowly being worked out, but, my oh my, it was not supposed to be like this after the success of the original game.
Now, in news that is not dissimilar to the Life By You indefinite delay announcement, Paradox and Colossal Order have delayed the Xbox and PlayStation version of Skylines 2 “indefinitely”. Maybe it’s just me but I know what that sounds like in my head. As I say, we can learn a lot from history.
The announcement did not dwell on much detail saying: “Dear Console Players,
We wanted to update you on the console release schedule. Unfortunately, we have not yet met the stability and performance targets we set for the console release. Without a Release Candidate (RC), we are now unable to meet an October release window.
While we are making slow but steady progress, there are still unresolved issues impacting the game in ways that harm the player experience we want to deliver. We expect to receive a new RC, which will undergo a thorough review in August. This evaluation will determine whether we can begin the submission process and provide a solid release date, or if further issues need to be addressed.
We understand this is disappointing, and it’s not what we had hoped for either. However, we are committed to keeping you informed throughout this development process, even if the updates aren’t always what we’d like.
Thank you for your understanding and support.”
So if you were waiting to build your own megalopolis on your console, well, don’t hold your breath.
The post Xbox and PlayStation versions of Cities Skylines 2 get delayed indefinitely – the last time Paradox did that it canceled the game two weeks later appeared first on ReadWrite.
Hacker stole internal details from OpenAI in 2023 breach, says report
A hacker reportedly obtained access to the internal messaging systems of OpenAI, stealing confidential information on the design process involved… Continue reading Hacker stole internal details from OpenAI in 2023 breach, says report
The post Hacker stole internal details from OpenAI in 2023 breach, says report appeared first on ReadWrite.
A hacker reportedly obtained access to the internal messaging systems of OpenAI, stealing confidential information on the design process involved with the creation of the company’s AI products.
As reported by the New York Times, an online forum where employees communicate on the ChatGPT maker’s latest developments was compromised but the tech giant has intimated the malicious actor did not access the main repository systems for storing and building its AI.
Senior executives at OpenAI, which has recently launched CriticGPT, briefed the company board and workers on the breach which is said to have taken place in April 2023 but no details were made public as there was no loss of customer or partner data. The report further indicated that bosses believed this was the work of a private individual with no connections to a nation-state backer, nor was it believed to be a national security threat.
OpenAI also did not inform federal law enforcement agencies regarding the incident.
Potential for national security risk
The company is familiar with a sense of alert after it confirmed in May that it had rumbled five covert influence operations that aimed to use its AI models for “deceptive activity” across the internet.
Some employees have expressed fears relating to this security breach, concerned that it could lead to geopolitical rivals like China stealing the firm’s AI property.
Although the technology is primarily a tool for work and search, it is evolving at a rapid pace and eventually, that could lead to a national security risk. Questions have been asked on how serious OpenAI was taking security matters with the findings highlighting flaws within the company on the risks posed by AI.
Leopold Aschenbrenner, a technical manager working on a brief to safeguard the future of AI tech contacted OpenAI’s board of directors to warn them not enough was being done to prevent hostile foreign actors from penetrating its systems.
Aschenbrenner was fired earlier this year for leaking information outside the company but he has insisted his sacking was politically motivated.
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Nintendo makes its stance on generative AI very clear
In an answer to a recent investor query, Nintendo has become one of the first gaming companies to take a… Continue reading Nintendo makes its stance on generative AI very clear
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In an answer to a recent investor query, Nintendo has become one of the first gaming companies to take a firm stance against using generative artificial intelligence (AI) in its games.
In a document that addressed several questions from shareholders, Nintendo president Shuntaro Furukawa answered a question about generative AI.
The question noted the increased prevalence of AI in our daily lives and its integration into smartphones and other devices (Apple announced their new AI initiative last month) and enquired into Nintendo’s plans and initiatives within the company to use AI.
Furukawa’s response (translated by Google) acknowledged the long history of AI within the games industry but noted the problems that still exist within generative AI.
“In the game industry, AI-like technology has long been used to control enemy character movements, so I believe that game development and AI technology have always been closely related.
“Generative AI, which has been a hot topic recently, can be more creative [in its use], but I also recognize that it has issues with intellectual property rights.
“Our company has [had] the know-how to create optimal gaming experiences for our customers for decades.
“While we are flexible in responding to technological developments, we would like to continue to deliver value that is unique to us and cannot be created simply by technology alone.”
Generative AI in gaming
Furukawa’s stance, and by extension Nintendo’s, stands in stark contrast to statements made by other gaming companies.
Square Enix stated earlier this year that they intend to “aggressively” pursue AI in order to “reshape” its creations. This led to nervousness from employees as the gaming industry is beset with layoffs.
Microsoft-owned Xbox has also engaged in a multi-year partnership with Inworld AI, a company promising to “transform the landscape of game development”.
The CEO of EA, Andrew Wilson, has described generative AI as a “multi-billion dollar opportunity”, stating that he thinks it will lead to “deeper, more immersive experiences” for gamers.
Meanwhile, the debate among gamers about whether to accept generative AI in games rages on, with some people saying they will not play a game with genAI. However, games that make use of it such as The Finals continue to do well, regularly seeing over 15k simultaneous players on Steam.
Featured image credit: Nintendo
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Does Once Human have crossplay?
With every possibility Once Human will be a big deal – certainly, soon after launch it is useful to know… Continue reading Does Once Human have crossplay?
The post Does Once Human have crossplay? appeared first on ReadWrite.
With every possibility Once Human will be a big deal – certainly, soon after launch it is useful to know if you can actually play with your friends – it is a multi-player survival game of course. We have already covered that you won’t be able to play with friends who want to join in the fun on a PlayStation or an Xbox as, for now at least, Once Human is not releasing on console. If you want to play with people who don’t have a PC is there another option? After all the game is coming out on iOS and Android devices, although you will have to wait for September for that.
Let’s see what we know so far about Once Human and Cross-Play.
Is Once Human Cross-Play?
If you want to mix up your survival game and experience with your friends it is good news at least that the Steam version and the mobile versions of the game are cross-play so you will be able to play with friends on any of those devices. Playing on mobile will likely be a considerably different experience from playing on a PC with a keyboard and mouse though, so you might well need to cut them a little slack. Also, the mobile versions of the game are not due to arrive until September, so everybody needs a PC, at least for the first couple of months.
Cross progression
Once Human will also save your progression across devices, so should you want to play while waiting for a bus or train on your mobile, any standard survival-type jobs you manage to get done on the move will be all saved for your return to your gaming boudoir. You might not want to take on anything too complicated if you aren’t on solid wifi, but if you are just looking to pass a little time while traveling, well at least the option is there for you.
Other Once Human pages you may like:
Once Human System Requirements and will it come out on console?
Once Human global release times
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Multi-Chain Dog Meme Coin Launches Staking Rewards for Early DAWGZ Investors, Fueling Presale Surge Past $2.3 Million
Base meme coins are poised for big growth in the next bull cycle, with Base Dawgz, the newest dog-themed meme… Continue reading Multi-Chain Dog Meme Coin Launches Staking Rewards for Early DAWGZ Investors, Fueling Presale Surge Past $2.3 Million
The post Multi-Chain Dog Meme Coin Launches Staking Rewards for Early DAWGZ Investors, Fueling Presale Surge Past $2.3 Million appeared first on ReadWrite.
Base meme coins are poised for big growth in the next bull cycle, with Base Dawgz, the newest dog-themed meme coin, leading the charge by introducing staking features that boost its presale appeal.
The past couple of months have seen the emergence of several new categories within the crypto space, including Base cryptos.
For those unfamiliar, the Base blockchain is Coinbase’s Layer 2 blockchain built on Ethereum. Coinbase, one of the biggest exchanges, aims to make it very user-friendly with seamless onboarding.
As a result, many projects on the Base chain, like Base and Roost, are gaining significant traction. The ease of use and the newness of the blockchain are key factors driving this growth.
With direct onboarding, many Base projects are likely to experience substantial growth. Today, we’ll explore the newest Base meme coin, Base Dawgz (DAWGZ), which aims to explode in 2024.
Base Dawgz ICO raises over $2.3 million
Base Dawgz (DAWGZ) is a multi-chain meme coin rapidly attracting investor interest. The project recently launched its presale and has raised over $2.3 million. Currently, investors can purchase DAWGZ tokens for $0.00581 each.
This price will increase in future presale stages, so early investors will get the best discount. Potential investors can visit our guide on how to buy Base Dawgz tokens here.
$DAWGZ is a versatile token compatible with Base, Ethereum, Solana, Binance Smart Chain, and Avalanche. The Base Dawgz team has achieved this by employing two advanced protocols: Wormhole and Portal Bridge.
This multi-chain approach offers significant benefits for DAWGZ holders, providing access to more exchanges, increased liquidity, and additional DeFi opportunities. It’s like having a ticket to every event in the crypto world.
With the presale gaining momentum, many believe it’s an ideal time to invest before the official launch. For peace of mind, the Base Dawgz smart contract has passed a full audit by SolidProof, confirming no issues in its code.
Stay updated with the latest news by joining the Base Dawgz community on X and Telegram.
Base Dawgz launches staking feature with generous rewards
Base Dawgz (DAWGZ) has launched its staking feature, enabling token holders to start earning rewards immediately. The popular new meme coin on Ethereum Layer 2, Base, has allocated a total of 1.69 billion $DAWGZ tokens for staking rewards, which accounts for 20% of its total token supply of 8.4 billion.
In a positive development for $DAWGZ, investors can anticipate hourly distributions totaling 192,000 $DAWGZ tokens over the course of a year. This schedule allows them to continuously compound their holdings, maximizing potential gains with each passing hour.
Source – Base Dawgz Twitter
For those who have purchased and staked their tokens, distribution will commence 24 hours after staking begins, ensuring all investors have an equal opportunity to lock in their tokens and receive rewards. Retroactive rewards for presale buyers will be available soon.
Investors are encouraged to take advantage of the current opportunity to participate in the presale and stake their $DAWGZ for a high APY.
Base Dawgz boosts presale with new referral program
Base Dawgz has seen considerable success in its presale phase and aims to further grow its user base actively. To achieve this goal, the project has introduced a new feature called Refer and Earn.
This feature allows users to create their own unique referral links, which they can then share with friends, family, or their social media followers. If someone uses the link to participate in the Base Dawgz presale and buys DAWGZ tokens, the original referrer earns 10% of the purchased amount in USDT.
The process is straightforward and mirrors other referral programs, but it represents a fresh addition to Base Dawgz’s website and presale strategy. It offers an opportunity for users to earn rewards if their connections show interest in this promising meme coin.
By combining a presale discount, refer-to-earn program, and staking incentives, DAWGZ emerges as one of the most appealing dog-themed cryptocurrencies currently available.
To participate in the $DAWGZ token presale, visit basedawgz.com.
Related
Crypto Boy Reviews the Newest Multi-Chain Meme Coin with 100x Potential – Base Dawgz (DAWGZ) Presale
Can Base Dawgz Replicate Brett’s Success and Reach a Billion-Dollar Market Cap After Launch?
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Once Human – system requirements and is it coming to consoles?
Multi-player survival shooter Once Human is almost upon us but it is in that unusual space of having been announced… Continue reading Once Human – system requirements and is it coming to consoles?
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Multi-player survival shooter Once Human is almost upon us but it is in that unusual space of having been announced for PC and mobiles (albeit with mobiles coming later), with no mention of a console release. That needs digging into a bit which we will do shortly, but if you intend to play it on Day one on your Gaming PC, it’s best to know how taxing it is going to be for your rig so let us first give you the PC system requirements, before getting stuck into the console conundrum.
Once Human system requirements
As usual, while you can run the game with minimum system requirements, for a better experience it would be better if you have a system that is at least getting toward the Recommended settings. If you have something that is even better than that, there the world is your oyster.
Once Human Minimum System requirements
OS: Windows 10 64-bit – Requires a 64-bit processor and operating system
Processor: Intel Core i5-4460
Memory: 8 GB RAM
Graphics: NVIDIA GTX 750ti 4G or AMD Radeon RX550
DirectX: Version 11
Storage: 50 GB available space
Network: Broadband Internet connection
Once Human Recommended System requirements
OS: Windows 10 64-bit
Requires a 64-bit processor and operating system
Processor: Intel Core i7-7700
Memory: 16 GB RAM
Graphics: NVIDIA GTX 1060 6G or AMD Radeon RX 580 2304SP
DirectX: Version 11
Storage: 50 GB available space
Network: Broadband Internet connection
Is Once Human coming out on consoles (Xbox and Playstation)?
It is a brave developer that misses out on consoles and goes straight for PC and mobile but that is exactly what the devs at Starry Studio have decided will be the initial fate at least of one of the year’s most-anticipated shooters.
Saying that they are, “carefully deciding whether to release the game to console based on the testing and player feedback, which will take some time.” does not confirm anything, but it does indicate that the possibility of a future release is not beyond the realms of possibility.
How big is Once Human?
Storage wise you are going to need around 50GB of Hard Drive space for the game files. As ever, this should be on the fastest drive you have available.
Is Once Human free?
It is indeed, Once Human is the latest in a long line of free-to-play open-world survival shooters, and that alone should guarantee it a decent initial player base
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Could This New High-Utility Meme Coin Be the Next Big Investment Opportunity?
Shiba Shootout stands out as a thrilling presale venture influenced by the Shiba Inu meme coin but with an innovative… Continue reading Could This New High-Utility Meme Coin Be the Next Big Investment Opportunity?
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Shiba Shootout stands out as a thrilling presale venture influenced by the Shiba Inu meme coin but with an innovative twist. Its Cowboy themed design gives it a charm compared to Shiba Inu projects.
The branding is top notch. The artwork depicts a daring and adventurous side of Shiba Inu straying from the usual adorable and cuddly portrayal.
Get to know the faces of the shiba shootout frontier
The presale for Shiba Shootout has been getting a lot of buzz, pulling in close to half a million dollars not long after it started.
Investors have the chance to join using cryptocurrencies like Ethereum (ETH), Tether (USDT), Cardano (ADA), or Binance Smart Chain (BNB).
The initial success of the project shows there’s an interest from the community and potential for growth making it an appealing investment opportunity.
Shiba Shootout transports players into a Wild West setting where the story of ‘Shiba Showdown’ plays out. This intense battle, in the world of crypto blends imagination, cowboy allure providing an captivating experience.
Marshal Shiba, the coolest crypto dude around with a massive cowboy hat, is gathering all the Shiba Inu fans for a huge showdown in the wild west of crypto. By his side are his best buds, the Shiba Sharpshooters.
These guys are crypto wizards and meme masters with incredible aim. Their hangout is Shiba Gulch, a happening digital town filled with challenges, laughter, and the sweet sound of virtual coins clinking.
As the sun goes down in Shiba Gulch, the town square comes alive with meme battles, friendly exchanges, and witty meme competitions. People put on cowboy hats eager to show that Shiba Showdown reigns supreme in the Wild West scene.
A look at Shiba Shootout’s offerings
Shiba Shootout stands out for its innovative approach to investor rewards. Their Cactus Staking program allows participants to significantly boost their holdings by staking presale tokens and earning a potential return of 1872%.
This program offers a compelling opportunity for investors seeking to maximize their cryptocurrency holdings. Beyond the potential for financial gain, Shiba Shootout fosters a strong sense of community through various engagement activities.
The Posse Rewards referral program incentivizes network growth by rewarding both participants and their referred friends with bonus tokens. This program fosters a collaborative environment where community members benefit from mutual success.
Shiba Shootout also cultivates a culture of storytelling and shared experience through Campfire Story sessions. These allow community members to share their crypto and meme-related experiences in a relaxed setting.
This fosters a sense of camaraderie and shared passion within the Shibaverse. Furthermore, Shiba Shootout empowers its token holders by incorporating token governance roundups.
These roundups allow token holders to directly influence the direction of the project by casting votes on key decisions. This democratic approach ensures that the project aligns with the collective vision of its community.
Adding a layer of excitement, Shiba Shootout offers the Lucky Lasso Lottery system. This system allows participants to use their tokens for a chance to win substantial crypto prizes.
Hop on board the #Shibashoot #Telegram community! 🌟
Stay ahead of the crypto game. Join our crypto community!
Join us at https://t.co/jCeu7XMBqR pic.twitter.com/JsAqe3IUWk
— shibashootout (@shibashootout) July 8, 2024
Notably, a portion of the lottery proceeds are allocated to charitable initiatives, allowing participants to contribute to worthy causes while enjoying the thrill of the lottery.
Finally, Shiba Shootout incorporates the Saving Saddlebags feature. This feature automatically allocates a percentage of a user’s tokens to a dedicated wallet for a predetermined period.
This not only fosters a long-term investment strategy but also rewards holders with additional tokens.
Through these comprehensive initiatives, Shiba Shootout aims to create a vibrant and engaged community while simultaneously enhancing the utility and value of its tokens within the Shibaverse ecosystem.
Shiba Shootout’s initiatives for holder growth and community engagement
Shiba Shootout has an ambitious roadmap to ensure its growth and success. In Phase 1, the project aims to launch, achieve over 1,000 holders, get trending, and secure listings.
Phase 2 plans include reaching more than 5,000 holders, establishing community partnerships, launching the Shootout Times digital newsletter, forming a token-gated Discord group for holders, and securing centralized exchange listings.
In Phase 3, Shiba Shootout intends to introduce Shootout merchandise, develop Academy tools, secure Tier 1 exchange listings, achieve over 100,000 holders, and initiate a blockchain takeover.
The Shiba Shootout tokenomics are designed to ensure a balanced and sustainable ecosystem. The distribution includes 35% for presale, 20% for staking, 10% for project funds, 10% for liquidity, 20% for marketing, and 5% for the Rootin Tootin Shooter Fund.
The project’s gallery showcases a variety of cool and captivating artwork, reflecting the unique Wild West theme. The visuals contribute to the project’s strong branding and market appeal.
Conclusion
Shiba Shootout stands out as a fascinating and marketable project in the crypto space. With its unique Wild West theme, engaging community activities, and lucrative staking opportunities, it promises to be a hit among crypto enthusiasts.
The project’s early success in its presale phase and ambitious roadmap further enhance its potential for growth and impact in the cryptocurrency world.
Investors and enthusiasts are encouraged to explore Shiba Shootout, join the community, and participate in the various activities and rewards programs it offers.
The legend of Shiba Showdown is just beginning, and it’s time to saddle up for an exciting ride in the Wild West crypto frontier. To take part in the $SHIBASHOOT token presale, visit shibashootout.com.
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Expert Predicts SHIBASHOOT Could Be the Next 100x SHIB – Shiba Shootout Presale Review
Crypto Analyst Cilinix Crypto on the Lookout for High Potential Low Market Cap Meme Coins in Presale
The post Could This New High-Utility Meme Coin Be the Next Big Investment Opportunity? appeared first on ReadWrite.
Top Meme Coins to Watch During a Bear Market – dogwifhat, PlayDoge, and Pepe Unchained
Dogecoin (DOGE) remains the undisputed king of the meme coin space with a staggering $14 billion market cap, but challengers… Continue reading Top Meme Coins to Watch During a Bear Market – dogwifhat, PlayDoge, and Pepe Unchained
The post Top Meme Coins to Watch During a Bear Market – dogwifhat, PlayDoge, and Pepe Unchained appeared first on ReadWrite.
Dogecoin (DOGE) remains the undisputed king of the meme coin space with a staggering $14 billion market cap, but challengers are rising.
Despite a recent price dip, $DOGE maintains a high 24-hour trading volume, nearing $1 billion, solidifying its position at the forefront of the meme coin sector.
However, investors and experts are also drawn to innovative projects like Dogwifhat (WIF) and some intriguing presale tokens generating significant buzz.
dogwifhat (WIF)
Solana-based meme coin dogwifhat (WIF) took a hit yesterday, dropping 10% in price. Its market cap also dipped by 8.39%, currently sitting around $1.7 billion.
Despite the price decline, investor interest remains strong. The 24-hour trading volume for WIF actually surged by 15.7%, exceeding $570 million. This strong volume suggests some investors see the dip as a buying opportunity.
WIF remains a major player in the meme coin space, boasting a billion-dollar market cap and holding the number 4 spot. The recent price surge, which briefly pushed WIF to $2.3 earlier this month, propelled it to the top of the top meme coin performers in the top 100 cryptocurrencies.
Some investors are particularly bullish, believing the market cap can reach $10 billion, a 5x increase. This optimism is fueled by the project’s growing popularity and its active community’s marketing efforts.
However, WIF currently sits 65% below its all-time high of $4.80. Whether it can truly rebound and resume its upward trajectory remains to be seen.
For those seeking alternative investments, check out our 2024 guide to the best meme coins to buy.
PlayDoge (PLAY)
PlayDoge is a new project in the meme coin space with the potential to become a major player. It uses a Play-to-Earn model, where users can earn cryptocurrency by playing the game.
This approach is attractive to both gamers and newcomers to crypto and meme coins, making PlayDoge a good entry point.
Inspired by classic 2D games like Tamagotchi, PlayDoge lets users care for a virtual Doge. By feeding, playing with, and raising a virtual pet, players earn $PLAY tokens.
These tokens can be traded for USDT, a stablecoin pegged to the US dollar, allowing for easy conversion into traditional currency. One of the most exciting aspects of PlayDoge is its potential to go viral.
Tamagotchi, which had a similar concept, sold a staggering 82 million units worldwide, demonstrating the immense popularity of interactive virtual pets.
PlayDoge leverages this nostalgia while incorporating modern crypto rewards, positioning itself for widespread adoption upon launch. Currently in its presale phase, PlayDoge has already raised $5.4 million.
With less than an hour left before the price increases, now is the time to consider investing. The project features a web3-compatible website and well-developed user interface designs, indicating significant progress towards a fully functional game.
These developments make PlayDoge a compelling investment opportunity in the Play-to-Earn and meme coin sectors.
For those seeking innovative crypto projects with high growth potential, PlayDoge is definitely worth checking out. To take part in the $PLAY token presale, visit playdoge.io.
Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is making a splash in the cryptocurrency world with its innovative approach. Built on Ethereum, Pepe Unchained boasts its own layer-2 blockchain.
This creates a seamless bridge between the two, allowing developers to construct projects directly on the Pepe chain. Transaction fees are poised to be significantly lower on the Pepe chain compared to Ethereum, Solana, and other established players.
This focus on usability could be a major draw for both developers and users. The undeniable popularity of the Pepe meme fuels Pepe Unchained.
By leveraging this recognition, the project positions itself for widespread adoption. Pepe Unchained doesn’t shy away from technical prowess.
Let Pepe guide you… pic.twitter.com/cITsh50QfV
— Pepe Unchained (@pepe_unchained) July 7, 2024
The blockchain reportedly boasts speeds 100 times faster than Ethereum and comes with a dedicated blockchain explorer, similar to Etherscan or Solscan. This explorer allows users to view transactions and other data on the Pepe chain.
The Pepe Unchained presale is currently underway, with only 1 day remaining before the price increases. The project has already garnered significant investor interest, having raised $2.7 million in just a couple of weeks.
With its unique features and focus on the popular Pepe meme, Pepe Unchained has the potential to disrupt the meme coin space.
While only time will tell if it lives up to the hype, the project is certainly generating a lot of excitement. To take part in the $PEPU token presale, visit pepeunchained.com.
Conclusion
The meme coin market is buzzing with activity. While established players like Dogecoin maintain strong positions, innovative projects like PlayDoge and Pepe Unchained are disrupting the scene with exciting new features.
PlayDoge offers a nostalgic Play-to-Earn experience inspired by Tamagotchi, while Pepe Unchained introduces its own layer-2 blockchain for faster transactions and lower fees.
These presales present potential opportunities for early investors seeking high returns. Stay updated with these projects by following their social media channels to ensure you don’t miss out on the latest developments.
If you’re interested in the absolute best initial coin offerings (ICOs) of 2024, explore our comprehensive guide featuring the most promising options.
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Pepe Unchained Presale Raises Over $2 Million Despite Market Slump – Could This Be the Next 10x Crypto?
Pepe Unchained Meme Token ICO Hits $2 Million – Could PEPU See a Post-Launch Surge Like PEPE?
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BetStop registers nearly 26,000 in Australia’s self-exclusion effort
BetStop, Australia’s national self-exclusion registry, has seen nearly 26,000 registrations, recent statistics show. As of the end of June 2024,… Continue reading BetStop registers nearly 26,000 in Australia’s self-exclusion effort
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BetStop, Australia’s national self-exclusion registry, has seen nearly 26,000 registrations, recent statistics show.
As of the end of June 2024, 25,972 individuals had signed up to self-exclude from all licensed online and mobile betting services in Australia.
This free service allows individuals to block access to all licensed online and telephone betting services in Australia through a single process.
Block yourself from online and phone betting today with BetStop – the National Self-Exclusion Register.
Find out more and register at https://t.co/DuEClm8fNL#ReadyWhenYouAre pic.twitter.com/PH8EL7MSQz
— ACMA (@acmadotgov) July 6, 2024
By June 30, 2024, there were 21,381 active exclusions, showing that 4,591 individuals had either completed their exclusion period or ended it prematurely.
Registration numbers varied by region, with New South Wales recording 8,055 entries and the Northern Territory seeing only 188.
There was also a large uptake in Victoria, with 7,020 people registering for the service.
June experienced a 7.3 per cent decrease in participation compared to May.
Notably, 48 per cent of those registered were under the age of 30, with another 31 per cent aged between 31 and 40.
What is BetStop?
BetStop is an initiative launched in August 2023 by the Albanese Labor Government aimed at curbing problem gambling and related harms in the country.
When opting for self-exclusion, individuals are barred from all approximately 150 licensed wagering providers in Australia. These providers are obligated to close any existing betting accounts of the excluded individual and are prohibited from allowing them to place bets, open new accounts, or receive marketing messages. People cannot choose specific providers from which to exclude themselves.
The duration of self-exclusion can range from a minimum of three months to a lifetime. Users have the option to extend the length of their exclusion at any point, but they cannot shorten the period once it is set.
By February, more than 18,000 Australians signed up to BetStop. Acting Minister for Communications, Mark Dreyfus, said at the time: “It’s clear the National Self-Exclusion Register is making a meaningful difference to thousands of Australians and their families. It is changing lives for the better.”
Social Services Minister Amanda Rishworth added: “The strong uptake of BetStop, the National Self-Exclusion Register, is great to see and is complemented by mandatory pre-verification that helps to ensure people aren’t finding workarounds to bet if they have opted to exclude themselves from online wagering.
“We know there’s still more to do and we’ll keep working closely with states and territories to create a safer environment for Australians at risk of gambling harm.”
Featured image: Canva
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AI industry needs annual revenues of more than the UAE’s GDP to offset costs
A new report has shown that to justify the massive cost associated with the artificial intelligence (AI) infrastructure build-out, AI… Continue reading AI industry needs annual revenues of more than the UAE’s GDP to offset costs
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A new report has shown that to justify the massive cost associated with the artificial intelligence (AI) infrastructure build-out, AI companies need to start generating $600 billion in annual revenue – more than the entire individual GDPs of advanced economies like the United Arab Emirates (UAE), Singapore, Norway and Austria.
As Nvidia moved (briefly) into the position of the most valuable company in the world, questions have started to arise about how AI companies are going to turn the massive infrastructure investment into profit.
David Cahn, an analyst at Sequoia Capital (which has previously invested in Elon Musk’s xAI) shared a report last week suggesting that an issue he highlighted last September has grown from a $200 billion problem into a $600 billion one.
The soaring costs of the AI industry
Cahn looked at Nvidia’s run-rate revenue forecast and estimated that the GPUs account for 50% of the cost, so doubled the figure to account for energy, buildings, staff, etc. That figure is then doubled again to allow for a 50% gross margin. This does not account for any revenue share for cloud vendors and middlemen.
A table showing Cahn’s calculations of AI infrastructure cost. Image credit: Sequoia Capital
Nvidia has reported that approximately half of its data center revenue comes from large cloud providers (Amazon, Microsoft, and Google, to name a few) with Microsoft alone accounting for 22% of its Q4 2024 revenue.
Despite warnings that return on the heavy investment will take time, Meta continues to invest heavily in increasing its AI capacity, with expenditure forecast to reach $40 this year.
Amazon has also announced its plans to continue to invest heavily into AI, with a planned $150 billion spent over the next 15 years on data centers.
Further fuelling the massive increases is Nvidia’s continued innovation in its chips. The B100 chip which it launched earlier this year promises 2.5 times the performance at only a 25% higher price and looks likely to drive further investment in infrastructure as tech giants scramble to keep up with each other.
At present, OpenAI is dominating the lion’s share of money in AI companies. The Information revealed that the company behind ChatGPT has increased its revenue to $3.4 billion, but its domination has not stopped continued investment by other companies.
Cahn’s conclusion is that Meta’s expectations of a long road ahead are closer to reality than anyone hoping to make a quick profit in AI ventures.
Featured image credit: generated by Ideogram
The post AI industry needs annual revenues of more than the UAE’s GDP to offset costs appeared first on ReadWrite.