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Business

AI technology offers banking industry a wealth of benefits: Bank of America
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26 November, 2023

AI technology offers banking industry a wealth of benefits: Bank of America

Bank of America highlights AI's positive impact in banking for productivity but cautions on privacy and cybersecurity risks, aligning with...
OpenAI, Microsoft face new lawsuit over ‘rampant theft of copyrighted works’
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26 November, 2023

OpenAI, Microsoft face new lawsuit over ‘rampant theft of copyrighted works’

Author Julian Sancton alleges their OpenAI and Microsoft’s artificial intelligence platforms, including ChatGPT, used data from nonfiction books without author...
Immediate Connect: French financial regulators caution against investment scam
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25 November, 2023

Immediate Connect: French financial regulators caution against investment scam

AMF warns against Immediate Connect urging caution and verification as it joins the blacklist, emphasizing the risks in foreign exchange...
Deepfake AI videos catch India PM’s attention as he urges public awareness
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25 November, 2023

Deepfake AI videos catch India PM’s attention as he urges public awareness

PM Narendra Modi stated that while generative AI can improve productivity, bad actors have begun exploiting the technology for sinister...
Russian lawmakers mull wholesale CBDC amid retail pilot launch
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25 November, 2023

Russian lawmakers mull wholesale CBDC amid retail pilot launch

For Russian financial institutions to circumvent Western-backed economic sanctions since its invasion of Ukraine, Russian deputies are pushing for wholesale...
Cambodia’s Bakong goes cross-border with Alipay integration
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25 November, 2023

Cambodia’s Bakong goes cross-border with Alipay integration

Cambodia’s blockchain-based CBDC has partnered with Alipay for cross-border transactions, enhancing trade ties with China and enabling global access for...
FTC wants to streamline AI investigations with new measures
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24 November, 2023

FTC wants to streamline AI investigations with new measures

The new measures empower Federal Trade Commission (FTC) employees to issue civil investigative demands to AI developers suspected of breaching...
Appeals court denies Sam Bankman-Fried’s latest bid for release
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24 November, 2023

Appeals court denies Sam Bankman-Fried’s latest bid for release

Disgraced former FTX CEO Sam Bankman-Fried will remain in jail until his sentencing, set in March 2024, following the court's...
Changpeng Zhao’s bail release challenged by US gov’t, Justin Sun takes the money and runs
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24 November, 2023

Changpeng Zhao’s bail release challenged by US gov’t, Justin Sun takes the money and runs

U.S. prosecutors call for Changpeng Zhao not to leave the country before his February sentencing date, while Justin Sun appears...
Celsius Network reorganization plan focuses on BTC mining
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24 November, 2023

Celsius Network reorganization plan focuses on BTC mining

Celsius says it has had dialogues with the Securities and Exchange Commission, which had publicly opposed its previous reorganization plan...
Binance’s plea deal puts Tether in US law enforcement’s crosshairs
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24 November, 2023

Binance’s plea deal puts Tether in US law enforcement’s crosshairs

Two different people run Binance and Tether, but both claimed to be against illicit acts in the 'crypto' space, which...
Mastercard turns to AI for digital currency fraud crackdown
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24 November, 2023

Mastercard turns to AI for digital currency fraud crackdown

Mastercard and Feedzai team up against money laundering and digital currency fraud, using real-time alerts and advanced AI for robust...