Google, DeepMind, Meta, and Nvidia are investing heavily in “world models,” systems designed to learn from video and robotic data rather than just text, in a bid to advance machine intelligence beyond the current limits of large language models, the Financial Times reports. DeepMind’s Genie 3 now generates video frame by frame, while Meta’s V-JEPA mimics how children learn by observing, with Yann LeCun arguing LLMs “would never achieve the ability to reason and plan like humans.” Nvidia sees the market potential as vast, “essentially…$100tn if we can make an intelligence that can understand the physical world,” said Rev Lebaredian. Applications range from robotics to entertainment, with start-ups like Fei-Fei Li’s World Labs and Runway building interactive 3D environments. Experts predict breakthroughs could take a decade, but industry leaders believe “physical AI” could reshape global sectors from healthcare to manufacturing.
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Matt McClintock’s report The Sovereignty Paradox: Managing a Bitcoin Legacy argues that Bitcoin’s evolution from peer-to-peer cash to a generational store of value requires a fundamental rethinking of sovereignty and key management. He stresses that unilateral private key control, while central to early Bitcoin culture, is inadequate for protecting consequential wealth. Instead, holders must adopt layered strategies, ranging from single-signature wallets for high-velocity spending, to collaborative multi-sig, institutional custody, and fiduciary-controlled structures for long-term, high-value holdings. McClintock highlights the risks of leaving coins on exchanges and the limitations of single-sig frameworks for inheritance. He frames fiduciary ownership through trusts, LLCs, and qualified custodians as essential to tax optimization, asset protection, and structured wealth transfer. “Sovereignty must mature beyond unilateral control,” he writes, advocating an expanded model that blends legal, financial, and technical resilience to preserve Bitcoin as both cash and enduring wealth.
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German and Swedish authorities raided offices of Northern Data AG, the Frankfurt-listed AI infrastructure firm majority-owned by Tether Holdings, as part of a European probe into tax fraud linked to legacy Bitcoin mining operations, Bloomberg reports. Prosecutors confirmed four arrests tied to an alleged €100 million VAT scheme, with searches targeting Northern Data’s Frankfurt base and its data center in Boden, Sweden. While Sweden does not ban mining, a 2023 tax hike heightened scrutiny of firms accused of exploiting incentives. Northern Data said it was “surprised by the escalation,” arguing the case stems from a misunderstanding of the tax treatment of its GPU-based AI cloud services. Shares fell 9.2% on the news, deepening an 87% slide since 2021. Despite legal headwinds, the company continues shifting from mining to AI, recently signing a major capacity deal with Abu Dhabi’s G42. Tether said it was unaware of the probe.
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A recent lawsuit against Jimmy Kimmel underscores how fair use shields both individuals and major corporations. As EFF’s Katharine Trendacosta explains, former congressman George Santos sued Kimmel, ABC, and Disney after his Cameo videos were used in a segment called “Will Santos Say It?”. Santos alleged copyright infringement and breach of contract under Cameo’s terms of service. Courts dismissed the claims, affirming that Kimmel’s use was transformative commentary protected by fair use. The appeals court noted that “commenting on the quality of a product or the person making it is not legally actionable interference with a business.” Importantly, the judges also ruled that Cameo’s terms of service form a contract only between buyers and the platform, not sellers like Santos. The case highlights how even boilerplate terms can sometimes safeguard expression. As Trendacosta observed, it’s “a pleasant surprise” to see contractual fine print bolster free speech.
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