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Stephen Harrison, an Englishman living in Thailand who posed as chief executive Steven Reece Lewis for the launch of the HyperVerse crypto scheme, told the Guardian Australia that he was paid to play the role of chief executive but denies having 'pocketed' any of the money lost. He says he received 180,000 Thai baht (about $7,500) over nine months and a free suit, adding that he was "shocked" to learn the company had presented him as having fake credentials to promote the scheme. From the report: He said he felt sorry for those who had lost money in relation to the scheme -- which he said he had no role in -- an amount Chainalysis estimates at US$1.3 billion in 2022 alone. "I am sorry for these people," he said. "Because they believed some idea with me at the forefront and believed in what I said, and God knows what these people have lost. And I do feel bad about this. "I do feel deeply sorry for these people, I really do. You know, it's horrible for them. I just hope that there is some resolution. I know it's hard to get the money back off these people or whatever, but I just hope there can be some justice served in all of this where they can get to the bottom of this." He said he wanted to make clear he had "certainly not pocketed" any of the money lost by investors. Harrison, who at the time was a freelance television presenter engaged in unpaid football commentary, said he had been approached and offered the HyperVerse work by a friend of a friend. He said he was new to the industry and had been open to picking up more work and experience as a corporate "presenter." "I was told I was acting out a role to represent the business and many people do this," Harrison said. He said he trusted his agent and accepted that. After reading through the scripts he said he was initially suspicious about the company he was hired to represent because he was unfamiliar with the crypto industry, but said he had been reassured by his agent that the company was legitimate. He said he had also done some of his own online research into the organization and found articles about the Australian blockchain entrepreneur and HyperTech chairman Sam Lee. "I went away and I actually looked at the company because I was concerned that it could be a scam," Harrison said. "So I looked online a bit and everything seemed OK, so I rolled with it." The HyperVerse crypto scheme was promoted by Lee and his business partner Ryan Xu, both of which were founders of the collapsed Australian bitcoin company Blockchain Global. "Blockchain Global owes creditors $58 million and its liquidator has referred Xu and Lee to the Australian Securities and Investments Commission for alleged possible breaches of the Corporations Act," reports The Guardian. "Asic has said it does not intend to take action at this time." Rodney Burton, known as "Bitcoin Rodney," was arrested and charged in the U.S on Monday for his alleged role in promoting the HyperVerse crypto scheme. The IRS alleges Burton was "part of a network that made 'fraudulent' presentations claiming high returns for investors based on crypto-mining operations that did not exist," reports The Guardian.

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Brave has introduced CodeLLM, an AI-powered tool integrated into its search engine that offers results for programming queries. TechCrunch reports: The new AI-powered CodeLLM provides code snippets with step-by-step explanations and citations. CodeLLM is free and now integrated into Brave Search so users don't have to switch apps to access it. CodeLLM is available to all Brave Search users on desktop and mobile. If Brave Search is your default search engine then all you need to do to access CodeLLM is start a search in your browser's address bar. If Brave Search isn't your default search engine, then you need to head to search.brave.com to conduct your search. "CodeLLM automatically detects programming-related queries, so there's no need to generate a special search," Brave explained in the blog post. "On top of the search results, if an answer is possible there will be a widget to trigger the CodeLLM response. The detection of programming queries happens outside of the LLM, by other search components (similar to the ones able to detect queries about the weather, queries that lend themselves well to be summarized, queries about stock prices, etc)."

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An anonymous reader quotes a report from Motherboard: For much of the 21st century, software engineering has been seen as one of the safest havens in the tenuous and ever-changing American job market. But there are a growing number of signs that the field is starting to become a little less secure and comfortable, due to an industry-wide downturn and the looming threat of artificial intelligence that is spurring growing competition for software jobs. "The amount of competition is insane," said Joe Forzano, an unemployed software engineer who has worked at the mental health startup Alma and private equity giant Blackstone. Since he lost his job in March, Forzano has applied to over 250 jobs. In six cases, he went through the "full interview gauntlet," which included between six and eight interviews each, before learning he had been passed over. "It has been very, very rough," he told Motherboard. Forzano is not alone in his pessimism, according to a December survey of 9,338 software engineers performed on behalf of Motherboard by Blind, an online anonymous platform for verified employees. In the poll, nearly nine in 10 surveyed software engineers said it is more difficult to get a job now than it was before the pandemic, with 66 percent saying it was "much harder." Nearly 80 percent of respondents said the job market has even become more competitive over the last year. Only 6 percent of the software engineers were "extremely confident" they could find another job with the same total compensation if they lost their job today while 32 percent said they were "not at all confident." Over 2022 and 2023, the tech sector incurred more than 400,000 layoffs, according to the tracking site Layoffs.fyi. But up until recently, it seemed software engineers were more often spared compared to their co-workers in non-technical fields. One analysis found tech companies cut their recruiting teams by 50 percent, compared to only 10 percent of their engineering departments. At Salesforce, engineers were four times less likely to lose their jobs than those in marketing and sales, which Bloomberg has said is a trend replicated at other tech companies such as Dell and Zoom. But signs of dread among software engineers have started to become more common online. In December, one Amazon employee wrote a long post on the anonymous employee platform Blind saying that the "job market is terrible" and that he was struggling to get interviews of any sort. "In the age of AI, computer science is no longer the safe major," Kelli Maria Korducki wrote in The Atlantic in September. AI programs like ChatGPT and Google Bard allow users to write code using natural language, greatly reducing the time it takes workers to complete coding tasks. It could lead to less job security and lower compensation for all but the very best in the software trade, warns Matt Welsh, a former computer science professor at Harvard. "More than 60 percent of those surveyed said they believed their company would hire fewer people because of AI moving forward," reports Motherboard.

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A startup called Rabbit sold out of its first batch of pocket AI companions a day after it was debuted at CES 2024. The company announced on X that it sold 10,000 units in just a day. "When we started building r1, we said internally that we'd be happy if we sold 500 devices on launch day," Rabbit writes. "In 24 hours, we already beat that by 20x!" The Verge reports: Rabbit introduced the R1 during CES on Tuesday, which comes with a small 2.88-inch touchscreen that runs on the company's own Rabbit OS. It uses a "Large Action Model" that works as a "sort of universal controller for apps," according to my colleague David Pierce, who got to try out the device during the showcase. This allows it to do things like play music, buy groceries, and send messages through a single interface without having to use your phone. It also lets you train the device how to interact with a certain app. A second batch is available for preorder from Rabbit's website with an expected delivery date between April and May 2024. The first batch of products are expected to start shipping in March.

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An anonymous reader quotes a report from the New York Times: When Microsoft opened an advanced research lab in Beijing in 1998, it was a time of optimism about technology and China. The company hired hundreds of researchers for the lab, which pioneered Microsoft's work in speech, image and facial recognition and the kind of artificial intelligence that later gave rise to online chatbots likeChatGPT. The Beijing operation eventually became one of the most important A.I. labs in the world. Bill Gates, Microsoft's co-founder, called it an opportunity to tap China's "deep pool of intellectual talent." But as tensions between the United States and China have mounted over which nation will lead the world's technological future, Microsoft's top leaders -- including Satya Nadella, its chief executive, and Brad Smith, its president -- have debated what to do with the prized lab for at least the past year, four current and former Microsoft employees said. The company has faced questions from U.S. officials over whether maintaining a 200-person advanced technologies lab in China is tenable, the people said. Microsoft said it had instituted guardrails at the lab, restricting researchers from politically sensitive work. The company, which is based in Redmond, Wash., said it had also opened an outpost of the lab in Vancouver, British Columbia, and would move some researchers from China to the location. The outpost is a backup if more researchers need to relocate, two people said. The idea of shutting down or moving the lab has come up, but Microsoft's leaders support continuing it in China, four people said. "We are as committed as ever to the lab and the world-class research of this team," Peter Lee, who leads Microsoft Research, a network of eight labs across the world, said in a statement. Using the lab's formal name, he added, "There has been no discussion or advocacy to close Microsoft Research Asia, and we look forward to continuing our research agenda."

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On Thursday, six spot bitcoin exchange-traded funds are expected to start trading on stock exchanges from Cboe Global Markets, according to a notice posted on CBOE's website. However, the listings still need to be approved by the U.S. Securities and Exchange Commission. CoinDesk reports: The Ark 21 (ARKB), Fidelity (FBTC), Franklin Templeton (EZBC), Invesco (BTCO), VanEck (HODL) and WisdomTree (BTCW) bitcoin ETFs appeared on the exchange operator's "New Listings" page on Wednesday. The listing doesn't mean that the ETFs will be approved by SEC. The commission still needs to approve the applicants' 19b-4 and S1 filings. "We are still awaiting SEC approval of our spot bitcoin ETFs," a Cboe spokesperson said. "The notices posted to our website are standard procedure in preparation of an ETF launch." The notice comes a day after the SEC's X account was "compromised," posting an unauthorized tweet regarding bitcoin ETFs. UPDATE: The SEC has approved the listing and trading of 11 spot bitcoin exchange-trading product (ETP) shares, including those of Grayscale, Bitwise and Hashdex. SEC Chair Gary Gensler writes: Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. I have often said that the Commission acts within the law and how the courts interpret the law. Beginning under Chair Jay Clayton in 2018 and through March 2023, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. One of those filings, made by Grayscale, contemplated the conversion of the Grayscale Bitcoin Trust into an ETP. We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale's proposed ETP (the Grayscale Order).[1] The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares. [...] "While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin," concludes Gensler. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto." The full statement can be read here.

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