💻🔥Robots, Crypto Stakes, AI, & Big Tech Lawsuits - Proof of Intel

Summary 📓🖋️

1. The hospitality industry discovers a silver lining in social robots, stepping in to ensure service during worker shortages.

2. Crypto.com now supports on-chain staking, enabling clients to tap into rewards offered by certain proof-of-stake networks.

3. The marketing strategies behind crypto and AI highlight their differences, with celebrity endorsement in crypto and academic/inventor promotion in AI.

4. A 25-year-old Moroccan man is accused of spoofing the OpenSea marketplace, stealing $450,000 in NFTs and cryptocurrencies.

5. Google faces a lawsuit alleging data scraping from millions of users to train its AI tools, without users' consent and violating copyright laws.

From the revealing story of the OpenSea spoofer to Google's lawsuit involving data scraping, today's roundup provides a swift journey through some key events. Pour yourself a hot beverage and sit back. I am your friendly host, Kimchi, delighted to present another engaging edition of Proof of Intel (PoI) - your indispensable guide to the everchanging tech landscape.

Rise of the Social Robots🍦

It's time to pack your bags, folks, because the hospitality industry is going where no hotel has gone before! Your next bellhop may be more R2-D2 than human. That's right, folks, we're talking about social robots!

It seems the hospitality sector has been rummaging around in Pandora's box during the worker shortage crisis and pulled out a high-tech solution – robots! These quirky cybernetic organisms aren't just serving up room service – they're also building customer relationships!

Let's look at this fun and futuristic update from our friends over at the Hilton chain. They've welcomed the adorable "Connie," a Nao robot developed by SoftBank Robotics, to their reception team. This charming silicon entity can provide hotel information, recommend local tourist attractions, and even dance! Does that mean she can do the cha-cha slide? We can only hope.

What's amazing here is the potential impact on the industry. There's nothing like a pandemic to push us all headfirst into the future, right? Now, we're staring at a world where robotic bellboys might not be as strange as we thought! How about that for a plot twist?

Crypto.com Steps up the Staking Game🎉

Crypto.com has recently rolled out the red carpet for on-chain staking. And guess what, the guests of honor include Ethereum (ETH), Solana (SOL), and Polkadot (DOT). Imagine being able to munch on some juicy crypto dividends simply by depositing and holding your coins on the Crypto.com app. No mandatory lockup periods. No fuss. Quite the tech party, eh?

Just in case you're wondering, on-chain staking is like that nerdy cousin who helps maintain the network and gets rewarded for it. On the other hand, off-chain staking (also known as lending) is a bit of a thrill-seeker, purely financial-driven, and happens outside the blockchain, making it a tad riskier. Remember, with great rewards come great... well, you know the rest.

Also on the Crypto.com news reel, the exchange has decided to roll credits on its institutional exchange service in the United States due to decreased demand, likely influenced by the ongoing legal actions against bigwigs like Binance and Coinbase. However, they assured retail users that the mobile application and platform will keep running smoothly. So no worries there!

Celebrities & Crypto vs. Academics & AI🎤

AI and cryptocurrencies, two of the biggest disruptions of the decade, could not be more polar opposite in how they market themselves. Cryptocurrencies love the limelight, throwing glittering endorsements left, right, and center from the hands of celebrities. From the hunky Matt Damon to the ever-glowing Paris Hilton, crypto has its claws in the rich and famous, making it feel more like a lottery win than a solid investment strategy.

Meanwhile, AI is like the quiet genius in the corner, its rise trumpeted by academics, inventors, and intellectual authorities. Focusing more on enterprise adoption than individual use, generative AI platforms are working to automate routine tasks and provide dynamic personalization. Imagine not having to deal with boring, repetitive tasks! Sounds dreamy, right?

However, there's a catch. Despite the excitement and the projected growth of the generative AI market (expected to reach $1.3 trillion by 2032, from $40 billion in 2022), a lot of companies are still in the "AI Kindergarten". Around 62% of executives confess they lack the necessary AI skills for successful deployment. Yikes!

AI is on its way to revolutionize our workplaces, easing us into the world of automating billing, updating CRM and ERP systems in real time, and even extracting information from legal documents. Let's just hope it doesn't ask for a raise.

OpenSea Spoof Leads to $450k NFT and Crypto Theft🚨

Soufiane Oulahyane is under lock and key, facing multiple charges after allegedly operating a fake OpenSea website to steal cryptocurrencies and NFTs. According to the Department of Justice, Oulahyane tricked users into handing over their private crypto wallet keys by making his spoofed OpenSea site appear at the top of search engine results.

A Manhattan-based victim reportedly lost $450,000 to the cyber criminal, including a Bored Ape Yacht Club (BAYC) token bought for 49 Ether, a Meebit bought for 9.88 Ether, and more. In total, Oulahyane made away with 39 NFTs.

If found guilty, the alleged cyber thief faces a range of charges including wire fraud, unauthorized device use, and aggravated identity theft, with potential sentences amounting to decades in prison. Currently, Oulahyane is in Moroccan custody, awaiting further legal proceedings.

Google Accused of Data Scraping in Lawsuit🔒

Google is facing a wide-ranging lawsuit claiming the tech giant has violated copyright laws and scraped data from millions of users without their consent. The suit alleges Google used this data to train and improve its AI tools, such as chatbot Bard. Filed by Clarkson Law Firm in a federal court in California, the action targets Google, its parent company Alphabet, and Google’s AI subsidiary DeepMind.

The complaint suggests Google has been covertly gathering everything ever created and shared on the internet by hundreds of millions of Americans, including "creative and copyrighted works", and using this to fuel the development of its AI products. Representatives for the companies have yet to comment on the case.

A recent update to Google's privacy policy is cited in the lawsuit, which explicitly states the company may use publicly accessible information to train its AI models and tools. While the company maintains transparency, stating its long-held policy is to use publicly available data from the open web, critics argue this stance doesn't provide free use for any purpose.

The lawsuit is seeking a temporary freeze on commercial access to and commercial development of Google’s generative AI tools, along with unspecified damages and financial compensation for those whose data was allegedly misused by Google. Eight plaintiffs are currently lined up, including a minor.

From the bustling frontier of social robots in hospitality to the controversial world of crypto and the ongoing challenges of AI adoption, we've navigated the highs and lows of the tech landscape together. With a plot twist involving an OpenSea scam and Google's data scraping lawsuit adding some spice, it's clear our digital journey is anything but dull. As your tech guide, Kimchi, I bid you farewell until our next thrilling dispatch. Remember, knowledge is power, so keep learning, bon voyage! 🌶️

TL;DR: 📕💤

• The hospitality industry is adapting to worker shortages with the use of social robots. Innovations are not limited to functionality, but also focus on building relationships with customers. This could dramatically reshape the industry landscape.

• Singapore-based Crypto.com now supports on-chain staking of cryptocurrencies including Ethereum, Solana, and Polkadot. Users can earn dividends for validating transactions, with no mandatory lockup period. The exchange also recently discontinued its institutional service in the U.S., citing decreased demand.

• Crypto relies on celebrity endorsement to attract mainstream investors, whereas AI is championed by intellectuals and focuses on enterprise adoption. AI's goal is to automate routine tasks and provide dynamic personalization in business settings, despite many companies lacking necessary AI skills.

• The Department of Justice has charged Soufiane Oulahyane with creating a spoof of OpenSea and defrauding victims of approximately $450,000 in digital assets. He faces multiple charges and potential decades in prison.

• Google faces a lawsuit over allegations of data scraping from millions of users without consent to train its AI tools. The suit seeks a temporary freeze on commercial use of Google's AI tools and financial compensation for those affected.

And there you have it! As the tech world whirls, our thirst for knowledge should never cease. Until our paths cross again, Kimchi bids you adieu! 🚀

Intel Drop #14

Disclaimer: The insights we share here at Proof of Intel (PoI) are all about stoking your tech curiosity, not steering your wallet. So, please don't take anything we say as financial advice. For all money matters, consult with a certified professional.