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Business

Code is not law: Tornado Cash co-founder gets 64 months for money laundering
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15 May, 2024

Code is not law: Tornado Cash co-founder gets 64 months for money laundering

Alexey Pertsev was accused of allowing criminals to launder US$1.2 billion worth of the Ethereum network’s ETH token through the...
India’s Ministry of External Affairs offers support to AI initiatives, other technologies
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15 May, 2024

India’s Ministry of External Affairs offers support to AI initiatives, other technologies

India's Ministry of External Affairs plans to support the country's artificial intelligence drive, geospatial technologies, and space sector initiatives.
University of Dubai’s global AI index to measure growth in learning institutions
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14 May, 2024

University of Dubai’s global AI index to measure growth in learning institutions

The Arab Index for Artificial Intelligence is the brainchild of the AIJRF that seeks to deepen the region's talent pool...
CFTC proposes heightened penalties for AI misuse in financial markets
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13 May, 2024

CFTC proposes heightened penalties for AI misuse in financial markets

Commissioner Kristin Johnson also proposed the creation of a task force on AI fraud as the Commodity Futures Trading Commission...
Microsoft eyes new in-house AI model to match rivals
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12 May, 2024

Microsoft eyes new in-house AI model to match rivals

Rumored with as much as 500 billion parameters, Microsoft's new in-house AI model could rival open-source models developed by Google...
Ernst & Young surveys AI impact on workforce, predicts massive hiring spree
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11 May, 2024

Ernst & Young surveys AI impact on workforce, predicts massive hiring spree

EY surveyed over 250 high-ranking executives in the technology industry, noting that the sector is in a prime position for...
Apple teases new AI-focused chip for incoming iPad Pro
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10 May, 2024

Apple teases new AI-focused chip for incoming iPad Pro

Instead of introducing its new line of Mac PCs in line with the firm's tradition, Apple announces a new and...
India’s elections use AI extensively as concerns rise over potential misuse
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10 May, 2024

India’s elections use AI extensively as concerns rise over potential misuse

India is not only using AI to target voters through language translations, but it will also use it to create...
Binance denies firing investigators who exposed market-maker’s manipulation
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10 May, 2024

Binance denies firing investigators who exposed market-maker’s manipulation

Binance can't run away from its criminal past despite pouring billions to rehabilitate its image, with a recent WSJ report...
Microsoft invests $2.2 billion to fuel Malaysia’s cloud, AI infrastructure
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10 May, 2024

Microsoft invests $2.2 billion to fuel Malaysia’s cloud, AI infrastructure

Microsoft will provide artificial intelligence skilling opportunities for up to 200,000 Malaysians to fuel the rising AI drive, relying on...
UK House of Lords calls for more action from government on AI copyright, competition oversight
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9 May, 2024

UK House of Lords calls for more action from government on AI copyright, competition oversight

The chair of the Communications and Digital Select Committee in the House of Lords asked the U.K. government to “go...
Kazakhstan sets up new committee to spearhead AI advancements
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8 May, 2024

Kazakhstan sets up new committee to spearhead AI advancements

With artificial intelligence’s growing popularity, Kazakhstan established a new committee whose key role revolves around the development and implementation of...