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Business

UAE opts for US over China on AI collaboration
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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...
SM Entertainment founder pushes for AI, blockchain adoption in K-pop
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22 June, 2024

SM Entertainment founder pushes for AI, blockchain adoption in K-pop

Lee Soo-man, founder of South Korean multinational entertainment agency SM Entertainment, urged industry participants to increase the adoption metrics for...
African ministers adopts landmark AI strategy to drive digitalization
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22 June, 2024

African ministers adopts landmark AI strategy to drive digitalization

Africa's Continental AI Strategy explores the potential use cases for AI in areas like education, skills acquisition, agriculture, manufacturing, and...
India eyes human-centric AI development, tech collaborations with Japan, UK
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21 June, 2024

India eyes human-centric AI development, tech collaborations with Japan, UK

India's PM Narendra Modi highlighted the usage of AI for human progress and how the rise of technology in various...
UAE, Samsung MoU aims to promote AI learning and adoption
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21 June, 2024

UAE, Samsung MoU aims to promote AI learning and adoption

The United Arab Emirates and Samsung's first aim is to increase AI adoption metrics, while the second revolves around providing...
UNICEF invests $400,000 in blockchain, Web3 and AI in developing countries
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20 June, 2024

UNICEF invests $400,000 in blockchain, Web3 and AI in developing countries

The UNICEF selected blockchain-based firms Rumsan from Nepal, Xcapit from Argentina, and AI-focused Tilli from Sri Lanka, bringing a total...
MAGA-fueled PR campaign against Tether raises eyebrows as to what’s next
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20 June, 2024

MAGA-fueled PR campaign against Tether raises eyebrows as to what’s next

A press release hailed the launch of a campaign targeting Tether, which called USDT "a so-called stablecoin that is commonly...
India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess
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20 June, 2024

India charges Binance $2.2M in penalty for non-compliance; industry praises regulatory prowess

India's FIU charged Binance a penalty of $2.2 million, saying it was "substantiated" after a scrutiny that included oral and...
Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations
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20 June, 2024

Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations

Christopher Hui had been on a European tour, pushing Hong Kong as the premier Web3 hub with its digital currency...
NATO’s AI strategy could establish responsible use of the technology, AI policy chief says
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19 June, 2024

NATO’s AI strategy could establish responsible use of the technology, AI policy chief says

New additions to existing AI principles include traceability, explainability, reliability, and bias mitigation to prevent discrimination and ensure the accuracy...
Senate Committee approved defense bill calls for AI pilot program, increased quantum computing research
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19 June, 2024

Senate Committee approved defense bill calls for AI pilot program, increased quantum computing research

The proposed defense bill would authorize $878.4 billion for the Department of Defense and $33.4 billion for national security programs...
Morocco to use AI in courts
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18 June, 2024

Morocco to use AI in courts

Moroccan courts will use artificial intelligence to transcribe judges’ verdicts—a departure from manual writing—and conduct research into archived legal texts.