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Produced by Daniel Aharonoff & Mogul Media AI

Google AI Launches Gemma: New Open Source Language Models

Google AI Launches Gemma: A Game-Changer in Open Source Language Models Today marks a significant milestone in the realm of artificial intelligence as Google AI, a division of the tech giant, unveiled Gemma—a new family of open-source language models derived from their recently released Gemini suite of AI tools. This strategic move positions Google to directly compete with leading language models like Meta's LLaMa and Mistral, bringing forth a fresh wave of innovation. A Commitment to Open Source and Responsible AI Demis Hassabis, co-founder of Google DeepMind, articulated the company's philosophy in a recent tweet, stating, "We have a long history of supporting responsible open source and science, which can drive rapid research progress." This commitment to democratizing AI technology underscores Google's vision of making AI accessible and beneficial for all. Key Features of Gemma Gemma is released in two distinct versions: Gemma 2B : A lightweight m
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Produced by Daniel Aharonoff & Mogul Media AI

Cryptocurrency Market Update: Bitcoin Price Plunge Below $40,000

Bitcoin (BTC) has experienced a significant price drop, now trading below $40,000 per coin. According to CoinGecko data, the price of the leading cryptocurrency stands at $39,754, marking a nearly 5% decline in just 24 hours. Over the past week, BTC has plummeted by over 7%. This downward trend comes shortly after the approval of long-awaited investment vehicles that introduce crypto to Wall Street in the form of spot Bitcoin exchange-traded funds (ETFs). Ten Bitcoin ETFs, enabling investors to purchase shares mirroring the digital asset's price, commenced trading on January 11. Analysts had varying predictions on whether BTC's price would surge or stabilize following the approval. Notably, one day post the U.S. Securities and Exchange Commission's green light, BTC almost reached $49,000 for the first time since 2021, only to subsequently nosedive. The current dip in BTC's price is largely attributed to funds flowing out of ETFs, particularly Grayscale's Bitcoin Trust. Formerly functioning as a closed-end investment vehicle, the Trust's transition to a spot BTC ETF has prompted rapid investor withdrawals. Grayscale is now transferring billions in BTC to its custodian, Coinbase, exerting downward pressure on the cryptocurrency's price. The broader crypto market mirrors this bearish sentiment, with Ethereum (ETH) declining by more than 6% in the past 24 hours, priced at $2,336. Solana (SOL), the fifth-largest cryptocurrency by market cap, has also slumped by over 9% in a day, now valued at $83.86.

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