Bitcoin mining company PrimeBlock has ended plans to go public via a specialpurpose acquisition company (SPAC) merger with 10X Capital.
The firms terminated the agreement via mutual consent, according to a US Securities and Exchange Commission filing.
Plans for the merger were confirmed in April, with expectations that it would be completed in the second half of 2022, carrying an enterprise value of $1.25billion.
No official reason has been given for the decision, but it is believed the volatility of both the crypto and mainstream markets in recent months may be a factor.
ChatGPT creator releases tool to detect A.I. generated text
OpenAI has released a software tool that can identify if text has been generated by artificial intelligence
The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.
‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.
The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.
Many schools across the world have already banned ChatGPT from being used for projects.
Elon Musk asks court to throw case out
Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.
Musk says investors in the proposed class action have no independent right to obtain damages.
The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.
Eurostar trains empty with Brexit leading to border delays
Eurostar boss says peak trains are empty because of post-Brexit passport delays
You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.
During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.
Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.
It’s all because border police can’t process passports quickly enough.
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