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Business

OpenAI new team will tackle AI risks amid growing concerns of misuse
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5 November, 2023

OpenAI new team will tackle AI risks amid growing concerns of misuse

OpenAI's new Preparedness team will iron out guardrails to prevent systemic risks around individual persuasion, cybersecurity, autonomous replication and adaptation,...
Google pitches offline CBDC plan to central banks to boost adoption rates
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5 November, 2023

Google pitches offline CBDC plan to central banks to boost adoption rates

The guide, which is a part of Project Polaris, remarked that launching offline CBDCs will require a tailor-made approach, given...
BIS releases details for widely anticipated Project mBridge ahead of MVP
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5 November, 2023

BIS releases details for widely anticipated Project mBridge ahead of MVP

Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements...
Siemens, Microsoft push cross-industry AI adoption with new partnership
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5 November, 2023

Siemens, Microsoft push cross-industry AI adoption with new partnership

Scheduled for full rollout in December 2023, the new AI offering dubbed to enable “industrial metaverse” will improve data accessibility...
Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD
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4 November, 2023

Hong Kong wraps up first phase of CBDC pilot; next stage to explore new use cases for e-HKD

Wrapping up its e-HKD pilot, Hong Kong's central bank said programmability, tokenization, and atomic settlement are the key areas that...
AI chatbots illegal data scraping takes revenue away from news outlets: New Media Alliance
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4 November, 2023

AI chatbots illegal data scraping takes revenue away from news outlets: New Media Alliance

The News Media Alliance submitted a white paper and other accompanying documents to the United States Copyright Office, raising alarm...
UAE: Ras Al Khaimah launches new digital currency trade zone to rival Dubai, Abu Dhabi
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4 November, 2023

UAE: Ras Al Khaimah launches new digital currency trade zone to rival Dubai, Abu Dhabi

Ras Al Khaimah enters the digital assets trade zone competition with the launch of RAK Digital Assets Oasis, aiming to...
A world of WIN: Jimmy Nguyen explores learning, connecting, and synthesizing at Digital Nigeria 2023
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4 November, 2023

A world of WIN: Jimmy Nguyen explores learning, connecting, and synthesizing at Digital Nigeria 2023

In Vietnam, the focus was on learning; in Pakistan, it was connections; and in Nigeria, it was about synthesizing it...
Turkey to set up digital currency framework by 2024
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4 November, 2023

Turkey to set up digital currency framework by 2024

Under the proposed framework, the Turkish government will offer modern definitions for VASPs to include exchanges and brokers and hinted...
Google invests $2 billion in Anthropic AI amid regulatory and legal uncertainty: report
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3 November, 2023

Google invests $2 billion in Anthropic AI amid regulatory and legal uncertainty: report

Google’s decision to invest in Antrophic—a competitor to its rival OpenAI—has been construed as an elaborate plan to bolster its...
MicroStrategy Q3 earnings: BTC bet is becoming an existential risk
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3 November, 2023

MicroStrategy Q3 earnings: BTC bet is becoming an existential risk

Figures show that MicroStrategy has spent $2.49 billion on BTC since 2020, with its price pumping at an average of...
Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces
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3 November, 2023

Turkey to adopt new digital asset laws in effort to get back into FATF’s good graces

The lack of a dedicated legal regime for digital assets in Turkey has been cited by the Financial Action Task...