Day: 14 June 2023

The European Union (EU) has taken a significant step towards regulating artificial intelligence (AI) with the passage of the draft legislation known as the A.I. Act by the European Parliament.  This milestone bill, which aims to impose limitations on risky AI applications, could serve as a model for legislators worldwide ...

Amber Group has reaffirmed its commitment to ensuring uninterrupted on/off ramp services for its clients amidst the challenges posed by the US banking crisis and increased regulations.  In a recent press release, digital wealth management and crypto liquidity solutions provider highlighted that the closure of prominent banks known for their ...

Advanced Micro Devices Inc. (AMD) has announced new details about its upcoming artificial intelligence (AI) processor in its bid to challenge the current industry leader, Nvidia Corp. The MI300X, touted as the most advanced graphics processing unit (GPU) for AI, is set for a limited release in the third quarter ...

The U.S. Securities and Exchange Commission (SEC) has responded to the ongoing dispute with Coinbase following the order from the U.S. Court of Appeal for the Third Circuit.  In a letter sent to the court on June 13, 2023, the securities regulator dismissed Coinbase's request for prompt action, deeming it ...

Google has announced the introduction of two new ad solutions, Demand Gen and Video View, for advertisers, and both leverage artificial intelligence (AI) to identify optimal ad placements across all of its services.  Demand Gen campaign offers specially designed features for the needs of marketers. Demand Gen utilizes AI to ...

Cryptocurrencies have gained recognition as a promising substitute for conventional currencies, although their volatility has sparked legitimate concerns. However, a solution has emerged in the form of stablecoins, a novel development within the crypto industry. Stablecoins are specifically designed to tackle the volatility issues commonly associated with traditional cryptocurrencies. These ...

Mistral AI, a new artificial intelligence (AI) startup, has secured $113 million in seed funding just two months after its establishment. This funding round has resulted in a valuation of $260 million within two months of its inception.  The company was founded in May 2023 by Arthur Mensch, Timothee Lacroix, ...

During a Bloomberg interview on June 13, 2023, Michael Saylor, co-founder of MicroStrategy, shared his belief that recent enforcement actions by the U.S. Securities and Exchange Commission (SEC) will ultimately benefit Bitcoin. Saylor suggested that increased regulatory scrutiny of cryptocurrency companies in the United States could lead to the emergence ...

During a payments-focused conference in Texas on June 13, 2023, Graham Steele, the US Treasury Department's Assistant Secretary for Financial Institutions, addressed the Federal Reserve's contentious FedNow system and the potential implementation of central bank digital currencies (CBDCs) in the United States. Steele highlighted a crucial challenge in developing a ...