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institutional FOMO is real, biggest news from OpenAI and Alphabet, another web3 unicorn and more

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gm gm,

Welcome back to another week that has been nothing short of extraordinary!

Institutions are flooding into crypto: over 930 financial institutions bought Bitcoin ETFs in Q1 2024, totaling over $10 billion. Roaring Kitty returned with a meme on X after a three-year break, sparking a 500% surge in the Solana-based meme coin $GME.

In AI, it was a week of demos, with all eyes on the latest advancements.

As always, we’re using this space to provide you with the latest product updates and relevant industry news in the shortest form possible.

Let’s go!

INSIGHTS
What aI week!

It’s been a busy week, with two consecutive days featuring major news from the titans: OpenAI and Google.

Here’s a recap of what you can’t miss from both sides:

On Monday, OpenAI showcased its latest model, GPT-4o (where "o" stands for "omni"). Not only is it faster and more efficient, but what truly distinguishes it is its ability to seamlessly reason across voice, text, and images, making it exceptionally intuitive.

The demo illustrated how GPT-4o could serve as a real-time translator for speakers of different languages, understand various vocal tones ranging from dramatic emotions to robotic expressions, recognize facial expressions, and act as a tutor by solving math problems and providing explanations.

Currently free and expected to be available in the next few weeks, GPT-4o marks a major stride in AI progress.

The very next day at their I/O conference, Alphabet announced several AI developments. These included the introduction of Veo, a direct competitor to Sora, updates to their latest AI photo generator, Imagen 3, and a new version of Sandbox for music experimentation.

Gemini Live was previewed as the new and upgraded experience in Gemini, enabling in-depth voice chats. It's part of the broader Project Astra - a universal AI agent helpful in everyday life. It intelligently gathers information about the user's surroundings in real-time to assist with various tasks, such as determining the user's location, deciphering codes, and much more.

The future of AI assistants looks bright, doesn't it?

Where are AI startups most funded?

WEB3
What’s happening in web3?

  • Pudgy Penguins has sold more than 1,000,000 toys in the last year, marking a big moment in the Consumer Crypto revolution.

  • The state of Wisconsin holds ~$100 million of BlackRock’s spot Bitcoin ETF.

  • Uniswap now allows direct crypto transfers from CEX to its mobile app.

  • The private jet charter services Candy Jets now accepts Bitcoin Lightning payments.

  • MoonPay donates $1 million to Coinbase's nonprofit crypto advocacy project #StandWithCrypto.

  • The Humanity Protocol achieves unicorn status with a $30 million funding round, valuing the company at $1 billion, as it aims to develop a ZK Worldcoin competitor.

AI
What’s new in AI?

  • OpenAI partners with Reddit to integrate real-time discussions from the platform into ChatGPT.

  • Microsoft debuts Places, an AI-powered app integrated with Microsoft 365 to assist in coordinating in-office days for hybrid workers and to make offices more efficient and sustainable.

  • Wikipedia releases 'Citation Needed,' a feature that taps into generative AI to determine how users engage with the platform to verify information while browsing the web.

  • TikTok becomes the first video-sharing platform to implement AI-generated content labeling.

  • Grok is now available to all premium users in Europe.

FROM THE REPOSITORY
3 tools to add to your maker’s arsenal

  • Ask Hacker Search to leverage historical data to answer questions on HN

  • Kudobox enables digital creators to receive payments and donations in crypto

  • Brainstory is an AI-powered talk-out-loud app based on the Socratic method of questioning

*Shipping amazing products or services in AI or web3? Reach out and get featured for free to your community of over 1k readers.

SCOOPS OF THE WEEK

And that’s it for the week - not so short but sweet.

Keep on building!

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