{"id":640461,"date":"2024-08-26T00:00:00","date_gmt":"2024-08-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/crypto-companies-account-for-half-of-corporate-donations-to-political-parties\/"},"modified":"2024-08-26T00:00:00","modified_gmt":"2024-08-26T00:00:00","slug":"crypto-companies-account-for-half-of-corporate-donations-to-political-parties","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/crypto-companies-account-for-half-of-corporate-donations-to-political-parties\/","title":{"rendered":"Crypto companies account for half of corporate donations to political parties"},"content":{"rendered":"

Crypto now accounts for nearly 50% of all corporate donations to political action <\/strong>committees<\/strong>, reports A<\/a>xios<\/a>. Crypto donations this year amounted to USD 119.2 mn<\/a> \u2014 a significant rise from USD 4.6 mn in 2022 and USD 5.2 mn in 2020.<\/p>\n

SOUND SMART- <\/strong>Political action committees are US organizations that collect money going towards funds, campaigns, or candidates to influence elections or legislation.<\/p>\n

What\u2019s the strategy? <\/strong>This new trend indicates that large corporations will be directly contributing to initiatives and organizations that further their best interests in the upcoming US elections.<\/p>\n

Make the crypto corporations happy or they\u2019ll take matters into their own hands. <\/strong>Fairshake, the crypto industry's dominant political action committee, has been playing both sides of the fence, supporting or opposing candidates based on whether their policies benefit or threaten crypto. Fairshake has made enemies of US Representatives Katie Porter and Jamaal Bowen during respective states\u2019 Democratic Senate primaries for speaking out against crypto. Both representatives lost their elections.<\/p>\n

So who does the crypto sector favor?<\/strong> We\u2019ve seen the industry display support for Donald<\/a>Trump<\/a> after his keynote speech at the BTC 2024 gathering where he promised to fire<\/a> the head of the US Securities and Exchange Commission if he once again takes up office at the White House.<\/p>\n

Politicians are playing along. <\/strong>In July, Kamala Harris\u2019s advisers reached out to crypto<\/a>companies<\/a> to reset the relations between them and the Democratic party, allegedly in hopes of balancing out party endorsements.<\/p>\n

\n

We created AI, but we have no idea how it works. <\/strong>One of the biggest mysteries about AI is that, despite how advanced and commonplace it has become, it is still very unpredictable<\/a>. But AI researchers are working around the clock to make sense of AI\u2019s inner workings.<\/p>\n

GenAI models are black box machine learning models, <\/strong>meaning they are opaque systems<\/a> whose internal workings are not easily accessible\u2026 or interpretable.<\/p>\n

AI\u2019s brain doesn\u2019t work the same way ours does, meaning that we might not be able to <\/strong>understand it anytime soon.<\/strong> OpenAI noted that they were unable to interpret much of their model\u2019s thought process because they couldn\u2019t trace a clear or linear pattern of thought. This was made even more difficult by seemingly unrelated features being activated during certain prompts.<\/p>\n

GenAI guidelines can be overridden<\/strong>. While certain guardrails are put in place to prevent AI systems from providing possibly dangerous answers, if the question is asked indirectly or differently from how the model was trained, the model can end up providing detailed answers, proving the users\u2019 ability to overturn the system<\/a>. Unfortunately, the very nature of deep learning models mean that this cannot be controlled<\/a>.<\/p>\n

But scientists are making strides in understanding how AI works. <\/strong>Anthropic has mapped<\/a> a layer of neural networks in its Claude Sonnet model identifying different features \u2014 the artificial neurons activated when the model receives a prompt \u2014 of people or abstract concepts. They found that manipulating which features \u2014 or neural pathways \u2014 are activated can determine a model\u2019s behavior.<\/p>\n

OpenAI pitches in: <\/strong>By mapping a layer of ChatGPT-4<\/a>, OpenAI found 16 mn features that access concepts people might consider while evaluating a situation.<\/p>\n

The bigger picture:<\/strong> Even with these breakthroughs, we are still scratching the surface of how these models work, with both OpenAI and Anthropic acknowledging that our current understanding still has no practical application to bettering AI safety.<\/p>\n","protected":false},"excerpt":{"rendered":"

Make the crypto corporations happy or they\u2019ll take matters into their own hands<\/p>\n","protected":false},"author":1,"featured_media":640462,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[344,633,638,127],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-cryptocurrency","tag-enterprisepm","tag-for-your-commute","tag-politics","wpautop","entry"],"acf":{"mongo_id":"a22483a3-166e-4c3e-b909-90a1fc812269","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2124.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[640456],"teaser":"Make the crypto corporations happy or they\u2019ll take matters into their own hands","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.0f1bc819-a289-4b5f-b7ec-4318346e7680.mp3"},"yoast_head":"\nCrypto companies account for half of corporate donations to political parties - 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These carbon-linked cryptos have soared from USD\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550577,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/will-vcs-soon-be-expected-to-shoulder-the-cost-of-crypto-hacks-and-scams-meta-is-looking-into-expanding-into-finance\/","url_meta":{"origin":640461,"position":1},"title":"Will VCs soon be expected to shoulder the cost of crypto hacks and scams? + Meta is looking into expanding into finance","author":"enterpriseam admin","date":"7 April 2022","format":false,"excerpt":"Will VCs soon be expected to shoulder the cost of crypto hacks and scams? As startups venturing into crypto become more susceptible to cyber attacks that can siphon USD mns in a matter of minutes, they often turn to their wealthy investors to bail them out, writes Bloomberg, citing VC\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552854,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/quantum-mechanics-researchers-land-nobel-prize-in-physics-kim-k-gets-a-slap-on-the-wrist-for-crypto-ads\/","url_meta":{"origin":640461,"position":2},"title":"Quantum mechanics researchers land Nobel Prize in Physics + Kim K gets a slap on the wrist for crypto ads","author":"enterpriseam admin","date":"4 October 2022","format":false,"excerpt":"The Nobel Prize in Physics was jointly awarded to three scientists from France, Austria, and the US for their work on quantum mechanics. Alain Aspect, John Clauser, and Anton Zeilinger received the award for conducting \u201cgroundbreaking experiments using entangled quantum states,\u201d according to a statement by the Royal Swedish Academy\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542839,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/bahrain-based-crypto-exchange-rain-raises-usd-110-mn-series-b\/","url_meta":{"origin":640461,"position":3},"title":"Bahrain-based crypto exchange Rain raises USD 110 mn series B","author":"enterpriseam admin","date":"19 January 2022","format":false,"excerpt":"Crypto platform Rain raises USD 110 mn series B: Bahrain\u2019s Rain Financial, the parent company of crypto trading platform Rain Management, has raised USD 110 mn in a series B funding round led by Paradigm and Kleiner Perkins, according to a company release. The round saw participation from Coinbase Ventures,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550875,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/andy-warhols-marilyn-monroe-portrait-sells-for-usd-195-mn-would-martians-accept-btc\/","url_meta":{"origin":640461,"position":4},"title":"Andy Warhol\u2019s Marilyn Monroe portrait sells for USD 195 mn + Would martians accept BTC?","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Andy Warhol\u2019s portrait of Marilyn Monroe broke auction records for American art after selling for USD 195 mn in an auction at Christie\u2019s yesterday to an unknown buyer, reports CNBC. While the price tag fell short of the USD 200 mn estimate for the artwork and the USD 250-300 mn\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/449.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579914,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/crypto-winter-hasnt-spilled-over-into-the-traditional-financial-sector-mini-robots-to-administer-drugs-and-treat-disease\/","url_meta":{"origin":640461,"position":5},"title":"Crypto winter hasn\u2019t spilled over into the traditional financial sector + Mini robots to administer drugs and treat disease?","author":"enterpriseam admin","date":"27 November 2022","format":false,"excerpt":"Why the collapse of crypto hasn\u2019t really tainted the world\u2019s economy: Crypto, which was once valued at around USD 3 tn, has lost 72% of its value y-o-y, with little to no impact on the traditional financial sector, according to Wall Street Journal\u2019s chief economics commentator Greg Ip. Because the\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/726.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=640461"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640461\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/640456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640462"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640461"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640461"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}