Today's newsletter brings a diverse range of metaverse tech news. Meta unveils a generative transformer art model, while Amazon's iRobot deal faces hurdles in the EU. Large language models set to revolutionize biology, and Christopher Nolan warns of AI's dangers, and more.

Stay informed with today's top metaverse tech stories and gain access to over 15 quick bytes, research papers, tools, guides, and resources to help you navigate the metaverse.

Must-reads

1. Meta Unveils Generative Transformer Art Model: Meta has developed a new generative transformer model that can create art. The model, which uses AI, can generate unique pieces of art based on a given prompt, opening up new possibilities for digital art creation. (TechCrunch)

2. Amazon's iRobot Deal Faces EU Hurdle Amid Hot Drone Summer: Amazon's acquisition of iRobot has hit a snag with EU regulators, potentially slowing down the e-commerce giant's expansion into robotics. Meanwhile, the drone industry continues to attract significant funding, keeping the 'hot drone summer' going. (TechCrunch)

3. Large Language Models Set to Revolutionize Biology: Large language models like GPT-3 are poised to transform the field of biology. By interpreting and generating biological language, these models could accelerate research, improve drug discovery, and even predict new biological phenomena. (Forbes)

4. Christopher Nolan Warns of AI's Potential Dangers in Silicon Valley: Christopher Nolan, the acclaimed director, has expressed concerns about the potential dangers of AI, particularly in relation to his upcoming film, 'Oppenheimer'. He warns that the technology could be 'weaponized' and urges Silicon Valley to consider the ethical implications. (The Verge)

5. SEC Accepts BlackRock's Bitcoin ETF Application: The U.S. Securities and Exchange Commission (SEC) has accepted BlackRock's application for a Bitcoin ETF, signaling a potential shift in the regulatory landscape for cryptocurrency. The decision could pave the way for more mainstream adoption of Bitcoin. (Cointelegraph)

6. China's AI Regulations Could Serve as a Blueprint: China's new AI regulations, which aim to control the development and use of artificial intelligence, could serve as a blueprint for other countries. The regulations cover a wide range of areas, including data privacy, national security, and competition. (Fortune)

7. Google Play Updates Policy on Blockchain Apps and NFTs: Google Play has updated its policy to block certain types of blockchain apps, including those related to gaming and digital assets like NFTs. The move reflects growing concerns about the potential risks associated with these technologies. (TechCrunch)

8. Google DeepMind Hints at a New Future for AI: Google DeepMind has hinted at a new direction for AI, suggesting a shift away from the current focus on machine learning towards a more holistic approach that includes other aspects of intelligence. The move could herald a new era for AI research and development. (PYMNTS)

9. Brazil's CBDC Allows Central Bank to Freeze Funds, Adjust Balances: Brazil's central bank digital currency (CBDC) has a feature that allows the central bank to freeze funds and adjust balances. This has raised concerns about the potential for government control over individual finances. (Decrypt)

10. Co-Create Releases Web3 Loyalty Program: Co-Create has released a new Web3 loyalty program that leverages blockchain technology to reward customers. The program aims to provide a more transparent and equitable system for customer rewards. (Yahoo Finance)

11. Thunes Raises $72M to Expand Cross-Border B2B Payment Platform: Thunes, a fintech company that enables businesses to send money internationally, has raised $72 million in a Series C funding round. The funds will be used to expand its network and bring more customers onto its platform. (TechCrunch)

12. Gnosis Launches Self-Custodial Debit Card: Crypto wallet provider Gnosis has launched a self-custodial debit card, the Gnosis Card. The card allows users to make payments anywhere Visa is accepted, with funds being directly taken from their wallet. (Decrypt)

13. Intel Invests $9M in Figure's Humanoid Robot: Intel has invested $9 million in Figure, a Bay Area-based robotics firm, to help build a humanoid robot. The investment will help Figure scale quickly and potentially form a strategic partnership with Intel. (TechCrunch)

14. Spline Raises $15M for No-Code 3D Design Tool: Spline, a no-code design tool for creating 3D assets, has raised $15 million in a seed funding round. The tool allows users to create 3D objects, edit materials, add interactivity, and export them all from a web browser. (TechCrunch)

Quick Bytes

• Siemens plans €0.5 billion industrial metaverse-based hub in Germany (Smart Energy)

• @dmitricherniak ’s Ringers #879 (The Goose) has just sold for $6.2 million, making it the 2nd highest generative art sale of all time. (Sotheby’s)

• M3TAPASS: your passport to the Metaverse (Coin Telegraph)

• AI weed killer uses sunlight and Raspberry Pi (Raspberry Pi)

• What is digital-twin technology? (McKinsey)

• Why AI detectors think the US Constitution was written by AI (Arstechnica)

Quote of the Day

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