Crypto News

Microsoft employees are banned from using DeepSeek app, president says

Microsoft staff aren’t allowed to make use of DeepSeek on account of knowledge safety and propaganda considerations, Microsoft vice chairman and president Brad Smith mentioned in a Senate hearing right this moment.

“At Microsoft we don’t permit our staff to make use of the DeepSeek app,” Smith mentioned, referring to DeepSeek’s software service (which is obtainable on each desktop and cell).

Smith mentioned Microsoft hasn’t put DeepSeek in its app retailer over these considerations, both.

Though lots of organizations and even countries have imposed restrictions on DeepSeek, that is the primary time Microsoft has gone public about such a ban.

Smith mentioned the restriction stems from the danger that knowledge will likely be saved in China and that DeepSeek’s solutions could possibly be influenced by “Chinese language propaganda.”

DeepSeek’s privateness coverage states it shops person knowledge on Chinese language servers. Such knowledge is topic to Chinese language legislation, which mandates cooperation with the nation’s intelligence businesses. DeepSeek additionally heavily censors matters thought of delicate by the Chinese language authorities.

Regardless of Smith’s essential feedback about DeepSeek, Microsoft offered up DeepSeek’s R1 mannequin on its Azure cloud service shortly after it went viral earlier this 12 months.

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However that’s a bit totally different from providing DeepSeek’s chatbot app itself. Since DeepSeek is open supply, anyone can obtain the mannequin, retailer it on their very own servers, and supply it to their purchasers with out sending the information again to China.

That, nevertheless, doesn’t take away different dangers just like the mannequin spreading propaganda or producing insecure code.

Throughout the Senate listening to, Smith mentioned that Microsoft had managed to go inside DeepSeek’s AI mannequin and “change” it to take away “dangerous unintended effects.” Microsoft didn’t elaborate on precisely what it did to DeepSeek’s mannequin, referring TechCrunch to Smith’s remarks.

In its preliminary launch of DeepSeek on Azure, Microsoft wrote that DeepSeek underwent “rigorous purple teaming and security evaluations” earlier than it was placed on Azure.

Whereas we are able to’t assist stating that DeepSeek’s app can be a direct competitor to Microsoft’s personal Copilot web search chat app, Microsoft doesn’t ban all such chat opponents from its Home windows app retailer.

Perplexity is obtainable within the Home windows app retailer, for example. Though any apps by Microsoft’s archrival Google (together with the Chrome browser and Google’s chatbot Gemini) didn’t floor in our webstore search.

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What Happens to BTC After Trump? Hedge Funds Worry: Eric Semler

Eric Semler, chairman of healthcare tech agency Semler Scientific Inc., says lots of his hedge fund friends are skeptical about Bitcoin’s future as soon as US President Donald Trump leaves workplace.

“I believe that they assume it’s a fly-by-night idea and that it’s most likely going to, after the Trump administration, return down rather a lot,” Semler told Coin Tales host Natalie Brunell on Thursday.

Semler is assured that Bitcoin is a significant play

Semler, who additionally based hedge fund TCS Capital Administration in 2001, made his feedback amid skepticism within the crypto industry about how lengthy political assist for crypto will final after US President Donald Trump’s administration ends. Whereas Trump recently signed off on a Bitcoin (BTC) Strategic Reserve, some, like JAN3 founder Samson Mow, are involved that assist could probably unravel beneath a future president.

Nevertheless, it isn’t a priority for Semler, who has doubled down on the asset. In Could 2024, Semler Scientific grew to become the second US publicly traded firm to undertake a Bitcoin treasury technique.

On Thursday, Semler Scientific introduced plans to extend its Bitcoin holdings by nearly 23 times within the subsequent two-and-a-half years, rising its holdings from 4,449 Bitcoin to 105,000 Bitcoin. Semler is aiming to carry a complete of 10,000 Bitcoin by the tip of this yr.

Semler sees doubt from the standard finance trade as a bullish sign.

“If you’re having a bet on one thing that almost all doesn’t consider in, and also you’re proper, you make a lot extra money,” Semler mentioned.

01978fd4 0691 786f 90f7 e3161ec78e91 — *Eric Semler spoke to Natalie Brunell on Thursday. Supply:* *Natalie Brunell*

“I believe we acquired nice alternatives to indicate those that principally they’re lacking out on an awesome alternative,” he added.

Semler mentioned he has constructed a profession on going in opposition to the grain. “The most effective investments I’ve ever made have been in issues that I’m form of the lone voice crying within the wilderness,” he mentioned.

“These are the forms of investments which have the best returns,” he mentioned.

“I like the negativity; I’m a contrarian investor.”

Surveys present hedge funds are turning to Bitcoin

In October 2024, the Different Funding Administration Association and PwC conducted a survey revealing that 47% of hedge fund managers buying and selling in conventional markets are uncovered to cryptocurrencies.

Associated: Bitcoin threatens $104K ‘rug pull’ as trader says major move yet to come

Crypto publicity was 29% in 2023, whereas about 37% of the respondents mentioned that they had publicity to crypto in 2022.

Curiously, again in June 2021, an Intertrust World surveyed chief monetary officers from 100 hedge funds worldwide about their intention to buy crypto belongings.

About 98% of them responded that they count on their hedge funds to have invested 7.2% of their belongings in cryptocurrencies by 2026.

Journal: Arthur Hayes doesn’t care when his Bitcoin predictions are totally wrong