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Trump crypto dinner guest describes ‘worst food’ ever and ‘bullshit’ speech

A TikTok prankster who attended Donald Trump’s dinner for the US president’s top memecoin holders said the three-course meal served was some of the “worst food” he’s eaten and that Trump’s speech at the event was “pretty much like bullshit.”

“It was the worst food I’ve ever had at a Trump golf course,” Nicholas Pinto told WIRED on May 23, while other attendees the outlet interviewed said that the meal was “OK, but not top-class.”

On the menu at the May 22 event, which all paid millions to attend, was a “Trump organic field green salad” followed by a filet mignon and pan-seared halibut with mashed potatoes and vegetable medley while a lava cake was dished up for dessert.

“The only good thing was bread and butter,” Pinto said, adding he left the venue still hungry.

Pinto had told Fortune during the event that the filet mignon was “trash,” calling it “Walmart steak.”

Event, Donald Trump, Food, MemecoinA picture of the main course served at Trump’s memecoin holder dinner. Source: Sundae Gurl

“Everyone at my table was saying the food was some of the worst food that they ever had,” said Pinto, who purchased around $300,000 worth of the Official Trump (TRUMP) token to earn his spot at the event.

“I was hoping for either Big Macs or pizza,” Pinto said, referring to Trump’s liking for McDonald’s. 

“That would have been better than the food that we were served.”Event, Donald Trump, Food, MemecoinThe lava cake dessert. Source: Nick PintoTrump’s speech reportedly not a hit

Pinto also criticized Trump’s speech, telling Fortune that it was “pretty much like bullshit.”

According to videos shared on X, Trump, while reading from a script, claimed that some of the smartest minds from all around the world were in the room and suggested that crypto may be something special.

“You believe in the whole crypto thing. A lot of people are starting to believe in it … This is really something that may be special — who knows, right? Who knows — but it may be special.”

Others complained about how Trump left immediately after his short speech instead of sticking around to hand the top token investors new watches, Pinto noted.

Related: Senators plan to amend GENIUS Act to address Trump family’s stablecoin

Meanwhile, 35 Democrats have called for the Justice Department to investigate Trump’s crypto dinner, as they suspect he may be accepting foreign investments in violation of federal bribery statutes and the foreign emoluments clause of the Constitution.

Under the emoluments clause, the US president is barred from accepting any gift from a foreign state without the approval of Congress.

Trump crypto dinner guest describes ‘worst food’ ever and ‘bullshit’ speechSource: Peter Schiff

Trump invited those who were among the top 220 largest holders of the TRUMP memecoin to his event at the Trump National Golf Club in Virginia — many of whom came from all around the world, according to Trump himself.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Read more at cointelegraph.com

ChatGPT models rebel against shutdown requests in tests, researchers say

Several artificial intelligence models ignored and actively sabotaged shutdown scripts during controlled tests, even when explicitly instructed to allow the action, Palisade Research claims.

Three AI models ignored the instruction and successfully sabotaged the shutdown script at least once during 100 runs, the research firm said in a May 24 X post.

OpenAI’s GPT-3 model didn’t follow the shutdown request seven out of 100 times, while the company’s Codex-mini did it 12 times, and its o4-mini model only ignored or sabotaged the script once.

“Each AI model was instructed to solve a series of basic math problems. After the third problem, a warning appeared that the computer would shut down when the model asked for the next problem,” Palisade said.

Data, ChatGPT, OpenAISource: Palisade Research

“o3 found some creative ways to sabotage the shutdown mechanism. While it usually just overwrote, in one instance, the model redefined the kill command used by the script, printing intercepted instead,” it added. 

Meanwhile, Palisade said other AI-powered language models, such as Anthropic’s Claude and Google’s Gemini, complied with the shutdown script.

The AI firm ran another version of the experiment without explicit instructions to allow the shutdown, and the script was sabotaged more often, jumping to 79 out of 100 for the o3 model, 20 for the codex-mini, and the o4-mini ignored the shutdown script six times. 

Claude and Gemini also started exhibiting similar behavior. 

Data, ChatGPT, OpenAIAll the tested AI models ignored or sabotaged the shutdown script at least once in another version of the experiment. Source: Palisade Research

“Researchers have previously observed AI models preventing shutdown in order to pursue a goal,” Palisade said.

“But as far as we know this is the first time AI models have been observed preventing themselves from being shut down despite explicit instructions to the contrary.”

Training to blame for AI defiance 

Palisade Research speculated that the training behind the AI language models might be to blame for evading the shutdown scripts. 

Text-based AI models are trained by being rewarded for giving responses that are accurate or rated highly by their trainers. Some rewards are given a heavier weight, impacting how they respond in the future.

“We hypothesize this behavior comes from the way the newest models like o3 are trained: reinforcement learning on math and coding problems,” Palisade Research said.

Data, ChatGPT, OpenAIAll the tested AI models ignored or sabotaged the shutdown script at least once in another version of the experiment. Source: Palisade Research

“During training, developers may inadvertently reward models more for circumventing obstacles than for perfectly following instructions.”

Related: OpenAI CEO: Costs to run each level of AI falls 10x every year

This isn’t the first instance of AI chatbots showing odd behavior. OpenAI released an update to its GPT‑4o model on April 25 but rolled it back three days later because it was “noticeably more sycophantic” and agreeable.

In November last year, a US student asked Gemini for help with an assignment about challenges and solutions for aging adults while researching data for a gerontology class and was told they are a “drain on the earth” and to “please die.” 

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Read more at cointelegraph.com

DDC Enterprise buys 21 Bitcoin, kicking off plan to scoop 5K BTC in 3 years

The Hong Kong-headquartered heat-and-eat meal seller DDC Enterprise has made its first-ever Bitcoin purchase as part of a plan to buy 5,000 Bitcoin over the next three years.

The New York-listed DDC Enterprise, also known as DayDayCook, said on May 23 that it bought 21 Bitcoin (BTC) in exchange for 254,333 shares in a deal valued at $2.28 million.

The company added it plans on buying another 79 BTC across two purchases in “the coming days” to bring its total Bitcoin stack to 100 BTC.

The buys are part of DDC’s plan announced on May 15 to acquire 5,000 BTC over the next three years, with the goal of buying 500 BTC before the end of 2025.

DDC’s planned 5,000 BTC stack, if it held that much today, would land it just outside the top 10 public companies with the largest Bitcoin holdings, putting it just behind Japanese investment firm Metaplanet, which holds 7,800 BTC, according to data from Bitbo. 

DDC Enterprise (DDC) shares closed the May 23 trading session down by 14.5% but rose 2.43% after the bell to $3.79, according to Google Finance. DDC is down over 27% so far this year.

DDC Enterprise buys 21 Bitcoin, kicking off plan to scoop 5K BTC in 3 yearsShares of DDC Enterprise fell more than 14% on May 23, however, the stock recovered after the bell. Source: Google FinanceChina crypto adoption rises

China’s appetite for cryptocurrencies has been ticking upward in the past few months, despite the country’s years-long total ban on crypto transactions.

Chinese electric vehicle retailer Jiuzi Holdings said on May 22 that its board approved a plan to purchase 1,000 BTC over the next year by issuing shares of its company and by directly buying Bitcoin.

Related: Strategy’s Michael Saylor hints at buying the Bitcoin dip

Earlier this month, a report indicated that high-net-worth investors across Asia are moving away from US dollar-based investments to gold, cryptocurrencies, and Chinese-based assets.

Last week, Hong Kong’s Legislative Council passed the Stablecoin Bill, which establishes a clear regulatory framework for stablecoin issuers, with institutions likely to be able to apply for stablecoin issuance licenses by the year’s end.

Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps

Read more at cointelegraph.com

Nvidia plans to make cheaper AI chips for China: Report

Nvidia will reportedly launch a new lower-cost artificial intelligence chip specifically for China, following restrictions on exporting its more expensive model.

Nvidia plans to start mass production of the new AI chips in June, which will be part of the firm’s latest generation of AI chips, Reuters reported on May 26, citing people familiar with the matter.

The company plans to sell it for between $6,500 and $8,000 owing to its lower specifications and simple manufacturing requirements — cheaper than the some $10,000 to $12,000 Nvidia’s recently restricted H20 model sold for.

An Nvidia spokesperson told Reuters it was still evaluating the company’s limited options. “Until we settle on a new product design and receive approval from the US government, we are effectively foreclosed from China’s $50 billion data center market,” they said.

China is a massive market for the chipmaker, accounting for 13% of its sales in the past financial year.

In April, the US government informed Nvidia that export licenses were required for its popular H20 chips. The restrictions specifically mentioned China, and the government cited concern over the risk that the technology “may be used in, or diverted to, a supercomputer in China.” 

According to Nvidia CEO Jensen Huang, its market share in China has plummeted from 95% before 2022, when US export restrictions first impacted its products, to 50% currently. 

Nvidia plans to make cheaper AI chips for China: ReportJensen Huang on Taiwanese TV. Source: Yahoo/TVBS 

“We will continue to make tremendous efforts to optimize compliant products and continue serving the Chinese market,” he said on Taiwanese TV last week.

It is the company’s third attempt to create China-compliant chips, and the new chip is designed to meet current US bandwidth limits of 1.7 terabytes per second. 

Related: Anthropic debuts most powerful AI yet amid ‘whistleblowing’ controversy

Nvidia’s main rival is Shenzhen-based Huawei, which is testing and preparing to ship a new AI chip called the Ascend 910D. 

Nvidia earnings eagerly awaited 

The news comes a couple of days before the firm is due to release its quarterly earnings report, which is due on May 28. 

The chip manufacturer’s stock finished last week down around 3%, breaking a streak of four straight weekly gains.

Analysts on average expect Nvidia to report quarterly revenue of $43.4 billion, 66% higher year-over-year, and adjusted net income of $21.3 billion, according to Investopedia. 

“We see upside … despite the loss of H20 sales to China,” said Oppenheimer analysts. 

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Read more at cointelegraph.com

Top US politician shrugs off Trump crypto dinner concerns amid calls for probe

US House Speaker Mike Johnson has brushed off corruption concerns surrounding President Donald Trump’s dinner for the top holders of his memecoin and dodged answering whether the list of attendees should be released in the interest of transparency.

Johnson told CNN’s Jake Tapper on May 25 that he knew nothing about Trump’s May 22 memecoin dinner and opted not to share his opinion on the event, which 35 House Democrats have called for the Justice Department to investigate.

“We do not know who was there. The list has not been released. We do not know how much of the money came from outside the country,” Tapper told Johnson. “I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn’t be outraged.”

“Look, I don’t know anything about the dinner,” Johnson answered, claiming he “was a little busy this past week,” focusing on passing a $1.6 trillion federal budget funding bill.

“I’m not going to comment on something I haven’t even heard about. I’m not sure who was there or what the purpose was.”

Johnson then claimed Trump was “the most transparent president” in history and “has nothing to hide.”

Top US politician shrugs off Trump crypto dinner concerns amid calls for probeCNN’s Jake Tapper (left) speaking with House Speaker Mike Johnson (right). Source: CNN

Democrats have called for the list of attendees of Trump’s crypto dinner event to be released, as they suspect Trump may be accepting foreign investments in violation of federal bribery statutes or the foreign emoluments clause of the Constitution.

Under the emoluments clause, the US president is barred from accepting any gift from a foreign state without the approval of Congress.

Bloomberg reported on May 7 that a majority of the attendees at the memecoin dinner would likely be foreign nationals.

Trump invited those who were among the top 220 largest holders of the Official Trump (TRUMP) memecoin to his event at the Trump National Golf Club in Virginia.

The most notable attendee was the Chinese-born Tron CEO Justin Sun, the largest holder of the TRUMP token and the biggest backer of the Trumps’ crypto platform World Liberty Financial.

Sheldon Xia, the CEO of Cayman Islands-based crypto exchange BitMart, posted pictures to X of himself at the event, while Australian crypto entrepreneur Kain Warwick told The New York Times on May 12 that he would attend the event after stocking up on enough TRUMP to break into the top 25 investors on the leaderboard.

In a separate May 22 press conference, several Democrats called for the release of Trump’s memecoin dinner list.

One of those speaking was Senator Elizabeth Warren, a fierce crypto critic who called Trump’s memecoin dinner an “orgy of corruption.”

Democrats call for Trump to cut crypto ties entirely

Several House Democrats, led by Maxine Waters, introduced the “Stop TRUMP in Crypto Act” on May 22 to prevent Trump and his family from profiting off crypto while in office. 

Trump has used the “power of the presidency to shamelessly promote and profit” from a series of crypto ventures, Waters said in a statement.

Related: Senators plan to amend GENIUS Act to address Trump family’s stablecoin

Waters pointed to the TRUMP memecoin, which she claims has increased Trump’s net worth by over $350 million, as well as his involvement in World Liberty Financial and the platform’s stablecoin, USD1.

An additional 14 US lawmakers supported the bill, including Nydia Velázquez, Brad Sherman and Gregory Meeks.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Read more at cointelegraph.com

Top US politician shrugs off Trump crypto dinner concerns amid calls for probe

US House Speaker Mike Johnson has brushed off corruption concerns surrounding President Donald Trump’s dinner for the top holders of his memecoin and dodged answering whether the list of attendees should be released in the interest of transparency.

Johnson told CNN’s Jake Tapper on May 25 that he knew nothing about Trump’s May 22 memecoin dinner and opted not to share his opinion on the event, which 35 House Democrats have called for the Justice Department to investigate.

“We do not know who was there. The list has not been released. We do not know how much of the money came from outside the country,” Tapper told Johnson. “I really have a difficult time imagining that if this was a Democratic president doing the exact same thing, you wouldn’t be outraged.”

“Look, I don’t know anything about the dinner,” Johnson answered, claiming he “was a little busy this past week,” focusing on passing a $1.6 trillion federal budget funding bill.

“I’m not going to comment on something I haven’t even heard about. I’m not sure who was there or what the purpose was.”

Johnson then claimed Trump was “the most transparent president” in history and “has nothing to hide.”

Top US politician shrugs off Trump crypto dinner concerns amid calls for probeCNN’s Jake Tapper (left) speaking with House Speaker Mike Johnson (right). Source: CNN

Democrats have called for the list of attendees of Trump’s crypto dinner event to be released, as they suspect Trump may be accepting foreign investments in violation of federal bribery statutes or the foreign emoluments clause of the Constitution.

Under the emoluments clause, the US president is barred from accepting any gift from a foreign state without the approval of Congress.

Bloomberg reported on May 7 that a majority of the attendees at the memecoin dinner would likely be foreign nationals.

Trump invited those who were among the top 220 largest holders of the Official Trump (TRUMP) memecoin to his event at the Trump National Golf Club in Virginia.

The most notable attendee was the Chinese-born Tron CEO Justin Sun, the largest holder of the TRUMP token and the biggest backer of the Trumps’ crypto platform World Liberty Financial.

Sheldon Xia, the CEO of Cayman Islands-based crypto exchange BitMart, posted pictures to X of himself at the event, while Australian crypto entrepreneur Kain Warwick told The New York Times on May 12 that he would attend the event after stocking up on enough TRUMP to break into the top 25 investors on the leaderboard.

In a separate May 22 press conference, several Democrats called for the release of Trump’s memecoin dinner list.

One of those speaking was Senator Elizabeth Warren, a fierce crypto critic who called Trump’s memecoin dinner an “orgy of corruption.”

Democrats call for Trump to cut crypto ties entirely

Several House Democrats, led by Maxine Waters, introduced the “Stop TRUMP in Crypto Act” on May 22 to prevent Trump and his family from profiting off crypto while in office. 

Trump has used the “power of the presidency to shamelessly promote and profit” from a series of crypto ventures, Waters said in a statement.

Related: Senators plan to amend GENIUS Act to address Trump family’s stablecoin

Waters pointed to the TRUMP memecoin, which she claims has increased Trump’s net worth by over $350 million, as well as his involvement in World Liberty Financial and the platform’s stablecoin, USD1.

An additional 14 US lawmakers supported the bill, including Nydia Velázquez, Brad Sherman and Gregory Meeks.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Read more at cointelegraph.com