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first_img Zhao Changpeng: The adoption rate of cryptocurrency may take 5 to 10 years to reach 20%, and there is currently insufficient innovation in the retail sector

During a speech at the Oxford Union, Binance founder Changpeng Zhao mentioned that the adoption process of cryptocurrency is slow but irreversible. He estimates that it may take 5 to 10 years for the cryptocurrency adoption rate to reach 20%, while the middle 60% to 80% may take another 10 to 20 years, and the final 20% could take a long time. The initial phase is filled with skepticism, accelerating after surpassing 20%, and slowing down after exceeding 80%.He pointed out that in the past two years, many governments around the world have shown a significant change in their attitude towards cryptocurrency. The United States has shifted to a crypto-friendly stance, with other countries following suit. However, the upgrade of the financial system is slow, and large institutions exhibit inertia, leading to significant friction for banks to directly access blockchain.Currently, innovation in retail payment and daily use cases is still lacking. Many projects are just getting started and will need another year or two, while on the institutional side, ETFs, tokenized stocks, and stablecoins are on the rise. Different cycles focus on different aspects, shifting from early Bitcoin and ICOs to meme coins, and recently turning towards institutional adoption. He remains optimistic about this and is willing to fund developers.

first_img ChatGPT will launch a GIF generation feature powered by the undisclosed Images 2.6 model

OpenAI is gradually rolling out a GIF generation feature within ChatGPT, allowing users to describe animations in natural language or upload existing photos for ChatGPT to convert into GIFs. Once generated, users can adjust playback speed, view frames one by one, edit, and share the final product. According to The Verge, this feature is powered by OpenAI's new image generation model Images 2.6, which has not yet been officially announced through a product release.This GIF feature is part of the Images 2.6 update, which promises faster image generation speeds. The Verge reports that OpenAI is pushing this model to web, desktop, and mobile users of ChatGPT and Codex. Developers will also gain access to two new API models, GPT-Image-2.6 Flare and GPT-Image-2.6 Sunburst, aimed at faster generation speeds and higher quality results, respectively. OpenAI has not released a separate announcement detailing the capabilities of this model.This update follows the release of ChatGPT Images 2.5 in September, which brought sharper details, more precise editing, and up to a 50% increase in generation speed compared to the previous generation. Additionally, OpenAI shut down its standalone AI video generation application Sora in March. Currently, this feature is being rolled out gradually, and most users are temporarily unable to access it; OpenAI has not provided a specific timeline for when all ChatGPT accounts will gain access to the GIF generation feature.

first_img OpenAI: ChatGPT's search query volume has reached 20% of Google's

According to a report by Phoenix Technology citing The Verge, Adam Fry, the head of consumer products for OpenAI ChatGPT, stated at a media event on Monday that the volume of search queries handled by ChatGPT has reached 20% of Google's search query volume. He defined search as the act of users inputting queries that trigger web searches, excluding tasks such as defining terms or simple operational instructions, but did not specify the source of the Google search volume data.In comparison, Microsoft CEO Satya Nadella stated during the 2023 Google antitrust trial that Bing holds about 3% of the search engine market share. The report noted that OpenAI's search likely relies heavily on Microsoft Bing while also using its own search index. Fry also mentioned that the Intelligent UI referred to by OpenAI involves creating visual and interactive interfaces in chatbot responses, indicating that this is the future direction of the technology.Fry also discussed advertising. He stated that advertising has not negatively impacted the product or its usage, and most people seem to mind the ads in the product. OpenAI announced last month that it would begin displaying images of sponsored products and services in ChatGPT, rather than just the company names, logos, and product links previously shown. The report mentioned that this discussion comes as the company may launch an IPO early next year.

Zhao Changpeng calls for the cryptocurrency industry to establish a security alliance to share defense experiences

Binance founder Zhao Changpeng responded for the first time to the incident of approximately $6.3 billion being stolen from Binance during an interview with Talking Tokens, stating that all hacking attacks are preventable and that a long period without security incidents can lead to complacency in enterprises.He pointed out that the frequency of hacking attacks on cryptocurrency exchanges has risen from about once a month to almost once a week, with AI accelerating the development of attack capabilities, while the industry's defensive capabilities have not kept pace. He called for the cryptocurrency industry to form a security alliance to share best security practices, conduct cross-audits, and achieve rapid coordination in freezing stolen funds, expressing hope to promote the establishment of this alliance.Regarding government cooperation, Zhao Changpeng stated that there has been no communication with Trump or Washington regarding this incident, but he hopes to receive assistance from the U.S. government. He also mentioned that when it comes to communication with North Korea, perhaps only the U.S. and China have the necessary conditions. Speaking about market reactions,Zhao Changpeng noted that on the day Binance was attacked, the decline in the cryptocurrency market was less than that of tech stocks, a situation that is almost unheard of. He believes this is due to Binance's prompt confirmation of user fund security and its ability to provide full compensation.He also revealed that less than 10% of the stolen funds flowed to other centralized exchanges; recently, some hardware wallets have also been attacked, and some users have returned their funds to Binance after comparing the security situations of different platforms. Binance switched from net outflow to net inflow within less than 24 hours based on hourly statistics.Regarding the future of the industry, Zhao Changpeng believes that AI will enhance the security of the cryptocurrency industry and software systems in the medium to long term, and may even detect vulnerabilities in blockchain software before quantum computing can crack the existing encryption systems. At the same time, AI will drive trading speeds far beyond current levels, and blockchain may become the only financial technology capable of supporting such trading speeds. He also reminded retail investors to strengthen the use of asset protection tools and to continuously pay attention to industry security dynamics.
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