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Aug 16, 2024 • 4 min read

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xAI Releases Grok-2:

xAI has just released Grok-2, a new AI model that marks an improvement from the earlier version, Grok-1.5. Grok-2 is designed to be better at things like having conversations, writing code, and understanding complex problems. Along with Grok-2, xAI is also introducing Grok-2 mini, a smaller version that still has a lot of the same abilities as the full-sized model. Both models are currently in a testing phase on X, and they will be available to businesses through an enterprise API later this month.
xAI also tested Grok-2 on a variety of academic challenges, like reading comprehension, math, science, and coding tasks. Both Grok-2 and Grok-2 mini performed better than the previous Grok-1.5 model and did well compared to other leading AI models in areas like advanced science knowledge, general knowledge, and solving math problems. Grok-2 also did especially well in tasks that involve understanding images, such as solving visual math problems and answering questions based on documents. These improvements make Grok-2 and Grok-2 mini strong options for a wide range of uses.

Goldman Sachs BTC ETF Holdings:

Goldman Sachs has disclosed investments in several spot Bitcoin exchange-traded funds (ETFs) for the second quarter of 2024, according to its latest SEC filing. The bank holds substantial positions across seven different Bitcoin ETFs, including nearly 6.99 million shares of BlackRock’s IBIT, valued at $238 million, making it the third-largest holder of this fund. Additionally, Goldman Sachs has invested in Fidelity’s Bitcoin ETF (FBTC) with 1.51 million shares worth about $80 million, and smaller positions in ETFs from Invesco Galaxy, Grayscale, Bitwise, WisdomTree, and Ark, totaling over $100 million in combined investments.
These holdings highlight Goldman Sachs’ strategy to increase its exposure to Bitcoin through regulated ETFs, reflecting a broader trend of rising institutional interest in cryptocurrency. Other major players, such as Capula Investment Management, have also disclosed significant investments in Bitcoin ETFs, indicating a growing confidence in this asset class among institutional investors. The performance of BlackRock’s IBIT, which has attracted $20.5 billion this year, further underscores the increasing traction of Bitcoin ETFs in the market.

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