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Business

AI fuels productivity but fears of workers’ displacement lurk in the shadows: PwC
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31 May, 2024

AI fuels productivity but fears of workers’ displacement lurk in the shadows: PwC

Professional services firm PwC analysts pegged productivity rates in information technology grew at 4.3% over a three-year period compared to...
HKMA urges Hong Kong banks to upskill workforce on AI
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31 May, 2024

HKMA urges Hong Kong banks to upskill workforce on AI

Hong Kong’s central bank says that AI is forcing banks to rethink their operations, and some have already redeployed some...
EU Council agrees on rule to make AI supercomputers widely accessible
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30 May, 2024

EU Council agrees on rule to make AI supercomputers widely accessible

The EU Council agreed to expand the European High Performing Computer Joint Undertaking and the amendment will include the objective...
FTX’s Ryan Salame gets 90 months in prison, tweets ‘trust me, bro’
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30 May, 2024

FTX’s Ryan Salame gets 90 months in prison, tweets ‘trust me, bro’

The 7.5-year sentence that U.S. District Judge Lewis Kaplan imposed was higher than the five to seven years prosecutors had...
EU Commission advised to prepare for blockchain-AI integration
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30 May, 2024

EU Commission advised to prepare for blockchain-AI integration

Recognizing the benefits of AI and blockchain integration, the EUBOF calls on Europe to prepare for this transformation, rallying authorities...
Swiss Metaverse Association seeks to bring certainty to metaverse through regulation: London Blockchain Conference 2024
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30 May, 2024

Swiss Metaverse Association seeks to bring certainty to metaverse through regulation: London Blockchain Conference 2024

At the London Blockchain Conference 2024, Dr. Daniel Diemers, co-founder and board member of the Swiss Metaverse Association, explained the...
EU chases Microsoft’s Bing over AI hallucinations, deepfakes
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29 May, 2024

EU chases Microsoft’s Bing over AI hallucinations, deepfakes

The European Commission ordered Microsoft to provide info on how its systems detect and prevent viral deepfake spreads and voter...
Can xAI topple OpenAI by end of 2024? Elon Musk thinks so
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29 May, 2024

Can xAI topple OpenAI by end of 2024? Elon Musk thinks so

As firms like xAI dominate the market, let’s hope policymakers and responsible AI advocates realize the potential of blockchain to...
Trump pledges to replace bald eagle with dead DOGE dog if elected (not really)
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29 May, 2024

Trump pledges to replace bald eagle with dead DOGE dog if elected (not really)

Donald Trump appears intent on using single-issue 'crypto' voters to ensure his victory over U.S. President Joe Biden, despite him...
India ‘AI mission’ investment to double, digital economy to touch $1 trillion mark
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29 May, 2024

India ‘AI mission’ investment to double, digital economy to touch $1 trillion mark

The IndiaAI Mission will be implemented through a public-private partnership model and is expected to facilitate access to funds for...
AI expected to improve carbon reporting as enterprises struggle with data issues
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29 May, 2024

AI expected to improve carbon reporting as enterprises struggle with data issues

As economies struggle to meet their ESG goals due to a lack of satisfactory datasets, experts are developing AI solutions...
Council of Europe adopts ‘first-ever’ international treaty on AI
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28 May, 2024

Council of Europe adopts ‘first-ever’ international treaty on AI

The first-of-its-kind treaty seeks to ensure that human rights will continue to be upheld while mitigating AI risks amid the...