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Over 60% of the world’s AI compute is concentrated in the hands of a few companies, giving rise to concerns about censorship, innovation bottlenecks, and exclusionary access. Gata proposes a solution: an open infrastructure where compute, data, and value flow back to users, not monopolies.
The PWC report arrives as a counterpunch to an increasingly loud narrative driven by AI doomers. This week, tabloids including The Sun amplified claims from Oklahoma State University professor Subhash Kak, who predicted that AI will cause a global population collapse, shrinking the planet’s population from 8 billion to 100 million by the year 2300.
The Australian Federal Police (AFP) said they had frozen $13.6 million worth of suspected criminal assets across Queensland and New South Wales. The operation allegedly exploited an armored vehicle unit to launder illicit cash under the guise of legitimate business activity.
The root of the issue wasn’t just the volatility of crypto, it was also tax timing. Mann received the ETH in January 2022, just before the broader crypto market began to plummet amid the Terra ecosystem collapse.
The Department of Justice (DOJ) did not disclose the exact value or type of cryptocurrencies seized but confirmed that the funds were used to collect illicit proceeds from transactions on the BidenCash platform.
