According to Cointelegraph, the release of ChatGPT-5 has sparked a wave of negative feedback from users across social media platforms. Many have expressed dissatisfaction with the latest model, claiming it was overhyped by OpenAI CEO and co-founder Sam Altman. Users on Reddit have criticized the ChatGPT-5 model for its restrictive rate limits and the inability to switch back to previous AI models, leading some to consider switching to alternative AI platforms. In response to the feedback, Altman addressed the concerns in a post on X, stating, "We are going to double GPT-5 rate limits for ChatGPT Plus users as we finish rollout. We will let Plus users choose to continue to use 4o. We will watch usage as we think about how long to offer legacy models for." Altman described GPT-5 as "a major upgrade over GPT-4" and a "significant step" towards achieving artificial general intelligence (AGI) during the official rollout on Thursday. The criticism of ChatGPT-5 comes at a time when competition from open-weighted, open-source, and decentralized AI platforms is intensifying. These platforms, which are less capital-intensive, are gradually capturing market share from large, centralized players in the consumer AI sector. One such competitor, DeepSeek, an artificial intelligence company, launched a new open-weighted large-language model called Prover V2 in April, specifically designed for mathematical applications. Open-weight AI models offer users the ability to download and use the software, although they do not provide access to critical aspects like training data. This level of transparency is less than that of full open-source code, where users have complete access to the codebase and can reproduce the software entirely. However, open-weight software is still more transparent than centralized models, which keep the code hidden from users. DeepSeek also released an upgrade of its general-purpose open-weighted AI model, DeepSeek R1, in May. The updated version, DeepSeek R1-0528, reportedly performed on par with leading AI models, including OpenAI-o3, according to company benchmarks. Since its launch in January, the DeepSeek app has been downloaded over 75 million times, as reported by Business of Apps. This growing competition highlights the shifting dynamics in the AI industry, where decentralized and open-weighted models are increasingly challenging the dominance of established players like OpenAI.

Users say GPT-5 is slower, less engaging, and prone to errors despite OpenAI’s lofty promises. source: https://decrypt.co/334358/openai-gpt-5-rollout-stumbles-spotlight

Donald Trump has decided that three finalists for the next Federal Reserve chair aren’t enough. Senior administration officials say the search has been widened to about ten possible choices. The fresh additions include former St. Louis Fed president James Bullard and longtime economic consultant Marc Sumerlin. They join a list that already had National Economic […] source: https://www.cryptopolitan.com/trump-wider-field-for-fed-chair-10-picks/

Former President Donald Trump has announced that he plans to meet with Russian President Vladimir Putin in the near future to engage in discussions regarding a potential agreement concerning the ongoing situation in Ukraine. In this article, we will outline what we currently know about this upcoming meeting, including its implications, objectives, and the context surrounding the negotiations. source: https://blocknews.com/trump-says-he-will-meet-with-putin-shortly-to-discuss-deal-with-ukraine-here-is-what-we-know/

Gold lost altitude fast. After Thursday’s record close at $3,491, futures eased to $3,530 on Friday. The move followed a White House line about an executive order to “clarify misinformation” on tariffs for gold bars and specialty products, as a White House official told CNBC. Crypto people get it: one policy hint and the tape […] source: https://www.cryptopolitan.com/gold-declines-from-3500-all-time-high/

Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges. source: https://cointelegraph.com/news/roman-storm-verdict-look-behind-jury-decision?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Here’s a more expanded version of the original sentence: "Discover the proven strategies and essential tips on how to successfully transform an initial investment of $1,000 into a staggering $1 million in the world of cryptocurrency, all while maintaining your sanity and protecting your valuable assets from potential risks and market volatility." source: https://blocknews.com/how-to-turn-1k-into-1-million-in-crypto-without-losing-your-mind-or-your-bag/

A crypto memecoin group has taken responsibility for throwing sex toys onto the court at multiple WNBA games over the past week, a new report from USA Today claims. Crypto Memecoin Collective Behind WNBA Sex Toy IncidentsAccording to the August 8 report, an anonymous spokesperson for the memecoin collective—identified only by the X account @Daldo_Raine—told the […] source: https://cryptonews.com/news/crypto-group-claims-responsibility-for-wnba-assaults/

"Sui, a rising star in the financial sector, experiences substantial growth and recognition as Swiss banks begin to embrace innovative opportunities and expand their services, paving the way for a new era of financial collaboration and investment." source: https://blocknews.com/sui-climbs-as-swiss-banks-open-the-door/

The university's holding in BlackRock's highly-successful Bitcoin fund ranked as its fifth largest investment. source: https://www.theblock.co/post/366224/harvard-had-more-money-in-blackrocks-bitcoin-etf-than-google-shares-at-end-of-last-quarter?utm_source=rss&utm_medium=rss

Whenever the market fluctuates, some people will ask: "Why can others achieve financial freedom?"

The total market capitalization of stablecoins reached $269.696 billion (approximately US$269.7 billion), a weekly increase of $2.606 billion (approximately US$2.6 billion).

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Investment, cryptocurrency, the evolution of speculation Golden Finance, say goodbye to short-sightedness and embrace compound interest.

The right to issue and circulate stablecoins will eventually return to the hands of sovereignty and supervision.

China emphasizes social security and fairness in its pension system, which is managed by the state; the United States tends to rely on market mechanisms and individual choices.

Standard Chartered and Animoca Brands have launched a new company to develop a Hong Kong-dollar stablecoin and applied for a licence from the Hong Kong Monetary Authority. They are working within Hong Kong’s new strict stablecoin regulations to offer a secure and regulated digital payment option.

Mergers and acquisitions themselves will not create a flywheel. If you are not the user's starting point, not their habits, and not their interface, then no matter how many features you bundle, users will not follow you.

Projects like Ventuals, Zoshi, and FreeStock are exploring different paths to tokenizing private equity.

Binance has launched instant euro withdrawals to Mastercard for users in Europe and the UK, making it faster and easier to access crypto funds. The feature supports direct transfers from crypto sales or euro balances and is expected to expand to more currencies and regions.