☕️The Morning Cup: Google launches ChatGPT rival Bard as AI tech race intensifies

Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.

📈 📉 The news that you can’t miss!

BTC overcomes the five-day drop to trade near $23K

After dipping for a fifth consecutive day, Bitcoin (BTC) is finally on the rise again on Monday and is trading near $23,000 at the time of writing. Meanwhile, Ether (ETH) is now at $1,631. As for the 24H gainers on Poloniex, they are BDP/USDT, VOLT/USDT, JST/USDT, FLOKI/USDT and SWFTC/BTC.

🗞️ So, what happened?

Google launches ChatGPT rival Bard as AI tech race heats up

The artificial intelligence (AI) tech war is heating up between Google and Microsoft. Alphabet, the parent company of Google, announced that it will soon launch a conversational AI service called Bard and test user feedback, followed by a public release in the coming weeks. Furthermore, Google plans to add AI features to its search engine meant to synthesize material for complex queries. Microsoft, its direct competitor, has similar plans to embed OpenAI’s capabilities, including ChatGPT, in its own services.

Although it’s unclear how Google would differentiate Bard from OpenAI’s ChatGPT, Alphabet Chief Executive Sundar Pichai said the new service draws on information from the internet, while ChatGPT’s knowledge, according to Reuters, is cut off after 2021. It’s expected that Bard will use LaMDA (Language Model for Dialogue Applications), which is a family of conversational neural language models developed by Google. However, Financial Times reports that Google has invested around $300 million into Anthropic, a startup founded by former OpenAI employees. that focuses on research into AI language models.

Reuters, The Verge

Photo credit: Ethereum Foundation

Ethereum activity increased with Shanghai Upgrade to be the next catalyst

Data from Bernstein and DappRadar showed that on-chain activities have healthily increased, with a newly growing interest in non-fungible-tokens (NFTs) led by the launch of a mini-game by Yuga Labs.

Bernstein’s report indicated that the daily fees on the blockchain have more than doubled since the start of the year from around $2 million to $4 million to $6 million.

While the data on DappRadar is similar, according to the analytics firm the sales of NFT assets totaled $946.7 million last month, which is a significant rise from the $683.9 million figure registered in December, and marks the largest market-wide total since June 2022.

Meanwhile, Bernstein keeps an eye on the Shanghai upgrade, due in mid-March, which will enable withdrawals of staked ether. The research firm believes it is possibly the next big catalyst for Ethereum.

CoinDesk, Decrypt

🤑 New Listings on Poloniex

Here’s what we’ve listed recently:

New Coins

📌 WoofWork (WOOF)

📌 Image Generation AI (IMGNAI)

📌 Rocket Pool (RPL)

📌 Core Network (CORE)

Futures

📌 Aptos (APT)

📌 Chiliz (CHZ)

📌 FOOTBALL (FOOTBALL)

📌 Flow (FLOW)

🔍 DYOR before trading

Polopedia

Smart contracts, the backbone of DeFi, is the subject of this week’s Polopedia article.

Crypto Glossary

IEO stands for Initial Exchange Offering, which shares similarities with ICO, which we mentioned last week. However, an IEO is backed by a crypto exchange, which acts as a middleman between investors and startups, to provide them with a more secure and reliable platform for fundraising and investment. To sum up, IEO is seen as an evolution of ICO due to the increasing surveillance in the crypto space.

What’s happening here at Poloniex?

This is what Poloniex’s week looked like

Highlights for the week

Campaigns

Our recap of ongoing campaigns that YOU can get involved in!

We’re having a HUGE airdrop for the listing of $CORE! Join us in our celebration🎉

10,000,000,000 VOLT Airdrop to Celebrate the Listing of Core Network (CORE) (2/6–2/16/23)

10,000,000,000 VOLT Airdrop to Celebrate the Listing of Core Network（CORE）

The community megaphone📢

Highlights from the community

And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel.

Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏

Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!