Sunday☕️

Apr 2, 2023 • 4 min read

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Week Recap:

First Citizens Bank acquired Silicon Valley Bank.
Apple launched Apple Pay Later, allowing users to apply for loans of $50-$1,000 to make purchases online or through Apple Pay.
SpaceX launched 56 Starlink satellites into orbit.
Israeli Prime Minister Benjamin Netanyahu announced he will postpone plans to restructure the judicial system stating he wants to avoid civil war.
A New York City grand jury indicted Donald Trump.
Over 1,000 AI experts, including Elon Musk and other tech leaders, signed an open letter urging developers to halt large-scale AI experiments due to the profound risks it poses to humanity.
China and Brazil have agreed to trade in their own currencies instead of using the US dollar.
Twitter made it's algorithm open source (public).

AI:

On Friday, Italy's data protection authority temporarily banned the use of the ChatGPT in Italy due to concerns about the collection and storage of personal data of Italian users without their permission.
The authority has also highlighted the chatbot's lack of age verification. The ban on ChatGPT was triggered by an accidental leak of user conversations.
However, the situation could become more complex if the regulator decides to investigate other types of data stored by the system. Applications like ChatGPT gather vast amounts of internet data to feed into their algorithms.

Twitter:

On Friday, Twitter's algorithm was made open source.
Here's what we know about the algorithm:
Tweet likes give the most significant engagement boost in terms of user interactions.
Posting links damages engagement, and the algorithm sometimes labels link-posting accounts as spam.
Content with videos and images gets more engagement than plain text.
Paying for Twitter blue boosts post engagements.
Users are labeled and grouped with related accounts to identify the target audience for users' content.
Niche-posting content boosts engagement, and posting none niche related content hurts engagement.
Misspelled words or made-up words hurt engagement.
Followers, engagement & user data are the three main data points for the algorithm.

Statistic: