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Bitcoin Puzzle Worth 2.1 BTC STILL Unsolved, Find New Clues Here – Bitcoinist

With its 2.1 bitcoin (BTC) puzzle still unsolved, a Phemex co-founder has offered a few clues to help in cracking the code. The crypto derivatives trading platform is one of the new entrants in the market, going live late last year with an operational presence in Singapore.

In a letter published on the Phemex website on Thurday (January 23, 2020), Max Wong, co-founder of the crypto derivatives exchange platform offered a few clues for the 2.1 BTC puzzle put out earlier in the week.

The hints provided by Wong are:

The first 21-digit prime found in consecutive digits of e is: 957496696762772407663

The private key you derive from Satoshis portrait is a big integer, not Wallet Import Format (WIF)

The filename of the picture is irrelevant

The next step involves converting some words from the portrait, without I/O, into a 27-digit number

Go back to step 4) again if you cant figure it out.

Wong also provided further clarification for the bitcoin puzzle. The actual wallet address tied to the puzzle contains 1.1 BTC. The person or persons able to crack the code will receive this prize plus an additional 1 BTC bonus deposited in a Phemex trading account.

The Phemex co-founder also confirmed that participants in the retweet thread that leads to the solving of the puzzle get a $100 trading bonus deposit in a Phemex account. Wongs letter also mentioned the companys wish to reveal either the name or Twitter identity of the eventual winner for the sake of transparency.

As at press time, the bitcoin puzzle remains unsolved. Previous crypto puzzles have taken various time intervals before being cracked.

For Wong, Phemex hopes that participating in solving the bitcoin puzzle will help to foster greater cooperation within the crypto community. As part of the letter, Wong noted that in trying to crack the code, people are exploring fundamental Bitcoin concepts like cryptographic encryption which helps to broaden the appeal of cryptos in general.

Wongs letter also stated that the company hopes that the solver of the puzzle will be open to representing the company as a brand ambassador.

Do you think you have what it takes to crack the Phemex 2.1 BTC puzzle? Let us know in the comments below.

Images via Shutterstock, Phemex.

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Five Years of Bitcoin Trendlines All Lead to This One Point; Fireworks Inbound – newsBTC

Since Bitcoins genesis block was first mined, the cryptocurrency has been caught within a whirlwind that has allowed BTC to post gains that defy historical precedent.

Although the past couple of years have tempered the excitement surrounding the cryptocurrency, it is important to note that multiple bullish factors are fast approaching on the horizon, and the combination of these factors suggest that BTC could be en route to setting fresh all-time highs.

One interesting factor that should be noted is that the convergence of two key trendlines formed over the past five years coincides strikingly close with the cryptocurrencys upcoming mining rewards halving event signaling that fireworks could be imminent.

Over the past few days, Bitcoins price has been oscillating between the lower and upper-$8,000 region, with this ongoing consolidation phase coming at the tail end of its recent multi-week uptrend.

Although the near-term prospects for Bitcoin remain foggy, its mid-term outlook might just be more bullish than ever, as BTC is close to reaching the apex of a massive bull flag comprised of two trendlines that have been formed over a multi-year period.

Interestingly enough, the apex of this pennant coincides precisely with the anticipated date of Bitcoins upcoming mining rewards halving in May, which suggests that this time period could be a historical pivoting point for the cryptocurrency.

5 years of trendlines perfecting coinciding with the most highly anticipated event in BTC history. Fireworks in store! Travis Kling a partner at the Ikigai Fund explained in a tweet while pointing to the below chart.

While BTC remains stuck beneath the coveted five-figure threshold at $10,000, it is difficult to realistically muse the possibility that it will soon be trading at $100,000 or more.

This may not be as farfetched as one would assume, however, as Galaxy, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a break above the descending resistance formed since the 2017 rally could lead Bitcoin straight to $100k minimum.

Breaking the green line will be what triggers the next parabolic movement that will take us to $100K minimum. Save this picture. You are not late. You are early.

It just so happens that this trendline is the same upper boundary as the one seen on the chart referenced by Kling, which signals that BTC could be just mere months away from an explosive movement to fresh all-time highs.

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Five Years of Bitcoin Trendlines All Lead to This One Point; Fireworks Inbound - newsBTC

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Coronavirus: Will Gold and Bitcoin Prices Rise as 2nd City in China… – Coinspeaker

Officials of China reported about 11 deaths and more than 500 people infected by the virus. The city where 11 million people are living, had its central market as the primary source of the virus. One of the city residentssaid to BBCjournalists that the atmosphere there felt like the end of the world.

Many Chinese folks continue traveling around the country during the holidays. Also, people in Belarus, Saudi Arabia, Singapore, and Vietnam reportedly have been visiting doctors in regards to the coronavirus. Outlets reported the first case in the U.S. on Tuesday.

As of 10:00 Local Time (02:00 GMT), public transport in the city is locked. All the four train lines wont deliver service. Health authorities said that people in the city should wear masks while being in the streets. The Taobao Chinese online trading marketplace warned the traders against increasing the prices on rubber gloves and head masks, possibly other medical goods.

In the Province, many of the regions put a stop on any kind of communications. The train and bus stations are not working in Huanggang, Ezhou, and Xiantao. In Chibi, the officials are suspending transport on the main roads.

People have raided the supermarkets buying off all the food and other supplies because the demand is high. Reporters keep sending photos of empty local markets with local merchants wearing the head masks.

It wont be right to say that the major cryptocurrency has somehow seriously reacted to the current situation with the virus in China. The current Bitcoin price is under $8,400, though a couple of days ago it ago the prices were close to the $9,000 level.

However, we all know that Bitcoin is very sensitive to various geopolitical factors. Due to the well-known U.S.-Iran tensions, Bitcoin managed to climb to its near-two-month high of $9,194.99. It happened on January 13. But the positive tendency failed to continue as soon as the tensions cooled off.

The analysts from Bridgewater have recently set a phenomenal price target of $2000 for gold. All because the situation on global markets may get worse after the China blockade spreads further. Greg Jensen said:

There is so much boiling conflict. People should be prepared for a much wider range of a potentially more volatile set of circumstances than what we are accustomed to.

It is worth noting that Ray Dalio noted during summer 2019 that gold will be the first asset for investments during 2020. He was brave enough to note that its the Central Banks who shift the global paradigm by purported devaluation of their currencies:

Those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold. Additionally, for reasons I will explain shortly, most investors are underweighted in such assets, meaning that if they just wanted to have a better-balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to ones portfolio.

Ray sounds like the man who looks deep into the matter. While the Internet spreads across the globe, people become more educated about finance. The moment when fiat currencies suddenly melt to zero is not just a cyberpunk dream, but a possible reality now.

Jeff Fawkes is a seasoned investment professional and a crypto analyst covering the blockchain space. He has a dual degree in Business Administration and Creative Writing and is passionate when it comes to how technology impacts our society.

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Bitcoin Price Breaks Below $8,300, Is The Bull Rally Already Over? – newsBTC

Bitcoin price has been falling over the last 24 hours, potentially signaling that the recent bull rally has come to an abrupt end.

But what are the factors behind Bitcoins latest drop, and how far might the crypto asset dive before it finds support?

The leading cryptocurrency by market cap has spent the last six months locked in a downtrend. However, that downtrend was considered broken by many during the recent bull rally in Bitcoin, causing many to expect at least a short-term uptrend to follow.

Related Reading | Current Bitcoin Trend is Repeating the Bull Run to $20k in 2017, And Its Mega Bullish

And while Bitcoin price did rise as much as 35% in less than 30 days, it failed to break through overhead resistance and reclaim past highs.

Now, as of this morning, Bitcoin price pierced through $8,300 temporarily after a more than $400 selloff began in the late-night hours.

The crypto asset is back above $8,300 currently, however, it is not until prices much lower where Bitcoin could find support.

The drop in price is surprising for many, but there may be a variety of factors influencing the bearish movement.

Notably, Bitcoin price failed to break above the 200-day moving average, which may have signaled to larger investors that the crypto asset wasnt yet for a new uptrend, and started to sell the asset to reduce risk.

Bitcoin price may be headed back to retest the 50-day moving average, which is currently sitting at around $7,500.

Before it reaches that key level where support could be found, the cryptocurrency is likely to test support levels at $8,000 to $8,200, then lower at $7,600 to $7,800.

The leading cryptocurrency by market cap must not fall back below $7,400 where the inverse head and shoulders breakout confirmed, or else a new low could be set in the days following.

With Bitcoins halving ahead, and after two full years of bar market, it could be on the verge of a major breakout. But for that to happen, the 200-day moving average must be taken, with multiple daily closes above it along with a retest of resistance turned support.

Related Reading | The Case For Why $6,400 Wasnt Bitcoins Local Downtrend Bottom

In the worst-case scenario, the current top could follow the path of the July 2018 rally, which eventually led the cryptocurrency to reach its current bear market low of $3,100.

Breaking down to set a new local low, could cause the market to panic, and a retest of the lowest ranges over the last two years may need to be tested and confirmed as support for an uptrend to begin again.

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Top 3 Price Prediction Bitcoin, Ethereum, XRP: Bears take over and draw a bloody moon – FXStreet

Cryptographer and computer scientist Nick Szabo, has presented in his Twitter account a study on the "risk-benefit" ratio of different assets. The study used a Sharpe Ratio over four years Hodl period.

According to this study, Bitcoin is the best positioned, maintaining an average ratio of 3 in the last four years. Behind them are the US stocks, with an average ratio of 2, and gold, which has gone from the last positions in 2016 to the third in the 2020 ratio.

The worst placed asset category is emerging currencies, which with an average ratio of -2 lags far behind the others.

The crypto board reaches the end of the week with the bears securing the market control they gained yesterday in mid-session.

The structure of the moving averages already indicated that the upward turning process that began on January 10th was going to be quite time-consuming. The magnitude of the downward movements in the second half of 2019 had separated the moving averages a lot.

ETH/BTC is trading at the price level of 0.01895and is down by -1.65%. On the 4-hour chart, the spot price is piercing the EMA50. If Ethereum loses this support, the drop will accelerate to the 0.0185 level.

Above the current price, the first resistance level is at 0.0197, then the second at 0.0200 and the third one at 0.0205.

Below the current price, the first support level is at 0.0185, then the second at 0.0185 and the third one at 0.0182.

The MACD on the 4-hour chart is supported directly by the indicator's zero levels. The moving averages are sloping downward and are moving away from it, suggesting an acceleration of the trend.

The DMI on the 4-hour chart shows the bearish-bought pair in equilibrium. Both sides of the market are above the ADX line, a setup that facilitates violent resolutions.

BTC/USD is currently trading at $8243and confirms the loss of support at $8400. The EMA50 and SMA100 averages continue to fall and forecast that the end of the downtrend could be on the first week of February.

Above the current price, the first resistance level is at $8400, then the second at $8500 and the third one at $8800.

Below the current price, the first support level is at $8200, then the second at $8000 and the third one at $7900.

The MACD on the 4-hour chart is losing its downward slope, indicating the end of the impulse phase of the movement. The terminal phase can easily take the price below $8000.

The DMI on the 4-hour chart confirms the end of the bearish momentum phase. Bears are preparing to drill down the ADX line. The bulls are very reactive to any upward movement and break the downward trend.

ETH/USD is currently trading at $156.09after finding support at the SMA100. The support point coincides with the 38.2% level of the Fibonacci retracement system and the same system indicates that the 50% level at $150 is very likely to be visited.

Above the current price, the first resistance level is at $161, then the second at $165 and the third at $170.

Below the current price, the first support level is at $155, then the second at $150 and the third one at $143 (61.8% level of the Fibonacci retracement system).

The MACD on the 4-hour chart is increasing its openness and is tilting further down, so we can expect an acceleration of the price's decline.

The DMI on the 4-hour chart shows that the bearish trend is increasing. The bulls are not reacting and continue to lose strength.

XRP/USD is currently trading at $0.215 and accelerating the downward movement that began this week. The current price coincides with the 50% level of the Fibonacci retracement system. The next support, according to this tool, is at the 0.205 price level, 61.8% of the Fibonacci retracement system.

Above the current price, the first resistance level is at $0.218, then the second at $0.223 and the third one at $0.235.

Below the current price, the first support level is at $0.205, then the second at $0.20 and the third one at $0.19.

The MACD on the 4-hour chart shows an acceleration of the downward movement. The MACD on the 4-hour chart shows an acceleration of the downward movement.

The DMI on the 4-hour chart shows that the bearish trend is increasing and the bearish momentum is strong. The bulls are not reacting and continue to lose momentum.

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

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Bitcoin ‘to increase 98% in value by end of year’ – Netimperative

Bitcoin could nearly double in price by years end, according to a panel of fintech leaders convened by financial comparison website Finder.

The panel of 13 in Finders Cryptocurrency report suggest Bitcoin could be worth as much as USD$8,589 by March 31 and USD$14,275 by the end of the year.Key findings:

Bitcoin value to increase 19% by March 31 and 98% by years end, according to fintech panellists82% believe the halvening will boost the price of BitcoinPanel positive on Bitcoin, Ethereum and Tezos / most negative on TRON, EOS, and Litecoin77% say stable coins, such as Facebooks Libra, threaten national monetary sovereignty82% of panellists, including founder of Draper Associates, Tim Draper, believe the halvening will boost the price of Bitcoin.It [Bitcoin] becomes more valuable as the usage and costs to make it go up, he said.

Fred Schebesta, Co-founder of Finder and HiveEx, believes Bitcoin will hit $22,000 by years end.

If we see a continued consistency and no prolonged downward manipulation, I forecast Bitcoin will almost triple by the end of 2020.

Managing Director of Digital Capital Management, Ben Richie, who had the highest end-of-year price prediction ($34,500), said geopolitical and economic uncertainty will boost Bitcoins value.

investors will look to some alternative assets to shield from these events, and cryptocurrencies is likely to be a benefactor, he said.

Overall the panel was net positive on just three cryptocurrencies, Bitcoin, Ethereum and Tezos. It was most negative on TRON, EOS and Litecoin.

University of Canberras Dr. John Hawkins was negative on all 11 cryptocurrencies.

None of these cryptocurrencies have made any substantial progress in becoming payments instruments and may face stronger rivals in 2020 such as Libra and then central bank cryptocurrencies, he said.

Despite speculation Facebooks Libra wont eventuate, 85% of panellists, including Dr. at the University of New South Wales, Elvira, Soji, think it will launch.

It will launch in a very limited way, and governments will look much more seriously into central bank digital cash, she said.

The report also reveals the majority of panellists (77%) believe stable coins, such as Facebooks Libra, threaten the monetary sovereignty of nations.

Ritchie noted that we are only now really starting to experiment with money, and the threat to nations will be a bi-product of their lack of adoption to change.

Technologist Joseph Raczynski went as far as to say there is a bit of an arms race to develop a widely held crypto that can be used around the world.

You can view the full report here

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Top 3 Price Prediction Bitcoin, Ethereum, XRP: Set for a dive before the next big bull market – FXStreet

Crypto goes mainstream the cryptoverse is spreading to people's daily lives.

The first initiative comes from WhatsApp. Users of Facebooks popular instant messaging application will be able to exchange Ether among themselves and other tokens that function over the ERC20 protocol.

The second thing to note is a statement from a former PayPal executive, Dan Schatt, in which he states that stablecoins can facilitate the acceptance of Blockchain technology by the traditional financial system. Stablecoins may function as virtual bridges between the two systems the fiduciary and the decentralized can be the gateway to the technology for the general public.

Despite this potential, Vodafone withdrew from Libra's stablecoin project on Wednesday, although it said it would continue to support it with a less prominent position.

The ETH/BTC cross is currently trading at the price level of 0.01938. During the Asian session, Ether lost strength against Bitcoin, something that usually happens when the market falls.

But the fall has no technical impact at the moment, and the previous scenario remains intact.

The EMA50 average loses a bit of tilt and is already heading towards the projection area of the SMA100 and 200.

Above the current price, the first resistance level is at 0.0192, then the second at 0.020 and the third one at 0.0217.

Below the current price, the first support level is at 0.01905, then the second at 0.01877 and the third one at 0.0185.

The MACD on the 4-hour chart is tilting downward and looking for support in the neutral zone of the indicator. At that point, the path taken by the moving averages will indicate the market's tone for the coming weeks.

The DMI on the 4-hour chart shows a small advantage for bears over bulls, but not enough to give the selling side a victory.

BTC/USD is currently trading at $8,403and is losing support of the EMA50. The short term exponential average loses its upward profile and seems to be heading towards the SMA100 level at $8,400.

Above the current price, the first resistance level is at $8,600, then the second at $8,800 and the third one at $9,150.

Below the current price, the first support level is at $8,500, then the second at $8,400 and the third one at $8,200.

The MACD on the 4-hour chart is heading back down, suggesting a bearish test that could drag the price down to $7,800 in the worst-case scenario.

The DMI on the 4-hour chart shows that despite the declines, bears are losing strength while bulls are gaining it. This behavior is divergent with the price and should keep us alert to the chart and flexible to act in case of a sudden change in direction.

ETH/USD is currently trading at $162.6and is trading below the EMA50 for the first time since the 13th.

Moving averages continue to trend higher, although the short term exponential is beginning to lose momentum.

Above the current price, the first resistance level is at $167, then at $170 and the third one at $180.

Below the current price, the first support level is at $160, then the second at $155 and the third one at $151.5.

The MACD on the 4-hour chart is sloping lower and is already moving in the neutral zone of the indicator. The MACD on the daily chart is sloping lower and is already moving in the neutral zone. How the current situation will be resolved, either above or below the neutral zone, will determine the development of ETH/USD in the coming days.

The DMI on the daily chart shows bears taking advantage of the bullish trend, although both sides of the market are moving above the ADX line. This setup is conducive to sudden changes in market control.

XRP/USD is currently trading at $0.2261and has lost all support from the EMA50 on the 4-hour chart. The exponential moving average is curving downward, and the SMA100 is losing its upward slope, which could signal a wide range of downward movement.

Above the current price, the first resistance level is at $0.2317, then the second at $0.2375 and the third one at $0.2538.

Below the current price, the first support level is at $0.224, then the second at $0.217 and the third one at $0.2100.

The MACD on the 4-hour chart is sloping downward, indicating that the bearish trend is coming to an end. The signal is harmful for the price and suggests a drop in the next few days.

The DMI on the 4-hour chart shows that bears are taking advantage of the bullish trend. Both sides of the market are holding above the ADX line, which would allow for a quick change of scenery and price direction.

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

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Interim proprietary injunction granted over bitcoin cyber extortion payment – Data Protection Report

An interim proprietary injunction has been granted by the English High Court over a bitcoin ransom payment paid to a third-party wallet.

The case was brought by an English insurer (requesting anonymity) against four defendants, consisting of unknown cyber-extortionists (as well as three other parties who respectively hold and/or trade Bitcoins). The claim related to a customer of the Insurer whose data and systems had been encrypted and bitcoin ransom payment demanded.

After some negotiation, the Insurer agreed to pay the ransom (equal to $950,000) in return for the decryption tool. Following the payment of the ransom and the provision of the decryption tool, further investigations were undertaken on behalf of the insurer as to the destination of the ransom with the ultimate aim of recovering the Bitcoins by way of a restitutionary or equitable remedy.

Whilst some of the Bitcoins were transferred into fiat currency, a substantial proportion of the Bitcoins (96) were transferred to a specific address; this address is linked to the exchange known as Bitfinex, operated by the third and fourth defendants. The insurer sought a proprietary injunction over those Bitcoins, as the initial step in looking to recover them via the courts.

The judge was satisfied that the test for a proprietary injunction over the Bitcoins against each of the four defendants was satisfied. A fundamental element of the decision was the conclusion that crypto assets, such as Bitcoin, are property for the purposes of English law and therefore can be the subject-matter of a proprietary injunction.

While historically it has been very difficult to recover ransom payments, the case highlights the potential for corporations to recover these payments via the courts (or, at the very least, to obtain interim relief in respect of them). The decision should certainly be borne in mind by any corporations who become the subject of a targeted and substantial ransom demand and in circumstances where the ransom is paid and is subsequently traceable.

Given the typical speed in which ransom crypto assets are transferred / dissipated, in order to increase any potential for the recovery of such assets, it would be advisable for those considering making such an application, to act with expediency.

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College professors donate to Democrats over Republicans by ratio of 95-to-1: Study – Washington Examiner

A new study by the National Association of Scholars found that college professors overwhelmingly donate to Democratic politicians instead of Republicans.

The NAS data shows that American professors donate to Democrats instead of Republicans by a 95-1 ratio and that political contributions by faculty members were "almost exclusively to Democratic candidates and committees."

The study, which gathered information from 12,372 professors across the United States, found the ratio between Democrat and Republican donations was most pronounced in the course areas of sociology, English, and anthropology.

When it comes to party registration, the difference between registered Democrats and Republicans was highest among assistant professors at a 10.5-1 ratio compared to associate professors at 8.7-1 and full professors at 8.2-1.

The numbers are unsurprising to those following recent developments in higher education. A recent Harvard study found that only 35% of young Republicans feel comfortable sharing their political views on American campuses. In recent years, faculty at American colleges have also faced backlash and discipline for acting on their right-leaning beliefs.

Shawnee State punished a professor for refusing to acknowledge a student's gender identity by using their preferred pronouns. University of Louisville fired Dr. Allan Josephson for criticizing the push for surgical transitions among youths with gender dysphoria. Wilfrid Laurier University admonished a teaching assistant for showing Jordan Peterson videos to her class. Additionally, an Evergreen State professor was sent death threats after refusing to leave campus during a "day of absence" in which white members of staff were asked to leave university premises.

Universities justify their privileged position by claiming to be forums for the promotion of clarity, logic, and evidence. Yet their own policies, affecting millions, are too often defended with factual howlers, logical non sequiturs, and mindless boilerplate," wrote Harvard professor Stephen Pinker in 2018.

NAS concluded their study based on faculty voter registration along with partisan affiliation of federal contributions listed in the 2019 Federal Elections database.

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So Is an AI Winter Really Coming This Time? – Walter Bradley Center for Natural and Artificial Intelligence

AI has fallen from glorious summers into dismal winters before. The temptation to predict another such tumble recurs naturally. So that is the question the BBC posed to AI researchers: Are we on the cusp of an AI winter:

The 10s were arguably the hottest AI summer on record with tech giants repeatedly touting AIs abilities.

AI pioneer Yoshua Bengio, sometimes called one of the godfathers of AI, told the BBC that AIs abilities were somewhat overhyped in the 10s by certain companies with an interest in doing so.

There are signs, however, that the hype might be about to start cooling off.

I keep up with this kind of thing. The answer is: Yes, and no. AI did surge past milestones during the 2010s that it had not been expected to cross for many more years:

2011 IBMs Watson wins at Jeopardy! IBM Watson: The inside story of how the Jeopardy-winning supercomputer was born, and what it wants to do next (Tech Republic, September 9, 2013)

2012 Google unveils a deep learning systems that recognized images of cats

2015 Image recognition systems outperformed humans in the ImageNet challenge

2016 AlphaGo defeats world Go champion Lee Sedol: In Two Moves, AlphaGo and Lee Sedol Redefined the Future (Wired, March 16, 2016)

2018 Self-driving cars hit the road as Googles Waymo launched (a very limited) self-driving taxi service in Phoenix, Arizona

But other headlines during the period have been less heeded:

Despite High Hopes, Self-Driving Cars Are Way in the Future (2019)

The Next Hot Job: Pretending to Be a Robot (2019)

Boeings Sidelined Fuselage Robots: What Went Wrong? (2019)

Self-driving cars: Hype-filled decade ends on sobering note (2019)

Tesla driver killed in crash with Autopilot active, NHTSA investigating (2016)

Dont fall for these 3 myths about AI, machine learning (2018)

A Sobering Message About the Future at AIs Biggest Party (2019)

And so on.

So which is it? AI Winter or Robot Overlords? I suggest neither. And so do active researchers.

Gary Marcus, an AI researcher at New York University, said: By the end of the decade there was a growing realisation that current techniques can only carry us so far.

He thinks the industry needs some real innovation to go further.

There is a general feeling of plateau, said Verena Rieser, a professor in conversational AI at Edinburgh[s Heriot Watt University.

One AI researcher who wishes to remain anonymous said were entering a period where we are especially sceptical about AGI.

Recent AI developments, notably those lumped under the rubric of Deep Learning have advanced the state-of-the-art in machine learning. Lets not forget that prior efforts, such as the poorly named Expert Systems, had faded because, well, they werent expert at all. Deep Learning systems, as highly flexible pattern matchers, will endure.

What is not coming is the long-predicted AI Overlord, or anything that is even close to surpassing human intelligence. Like any other tool we build, AI has its place when it amplifies and augments our abilities.

Just as tractors and diggers have not led to legions of people who no longer use their arms, the latest advances in AI will not lead to human serfs cowering before beneath an all-intelligent machine. If anything, AI will require more from us, not less, because how we choose to use these tools will make an increasingly stark difference between benefit and ruin.

As Samin Winiger, a former AI research at Google says, What we called AI or machine learning during the past 10-20 years, will be seen as just yet another form of computation

Machines are tool in the toolbox, not a replacement for minds. An AI winter would only be coming if we forgot that.

Here are some of Brendan Dixons earlier musings on the concept of an AI Winter:

Just a light frost? Or an AI winter? Its nice to be right once in a whilecheck out the evidence for yourself

and

AI WinterIs Coming:Roughly every decade since the late 1960s has experienced a promising wave of AI that later crashed on real-world problems, leading to collapses in research funding.

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