In a significant legal battle that underscores ongoing tensions within the cryptocurrency sector, Coinbase has filed a motion for partial summary judgment against the U.S. Securities and Exchange Commission (SEC). The core of this dispute revolves around Coinbase’s demand for access to internal SEC documents that could shed light on the agency’s approach to regulating […]
SBI Chairman Criticizes PSMC for Halting Fab Project
In a surprising turn of events, the collaborative venture between Taiwan’s Power Semiconductor Manufacturing Corporation (PSMC) and Japan’s SBI Holdings to establish a semiconductor fabrication plant in Japan has been abruptly terminated. This unexpected conclusion comes after PSMC notified SBI Holdings in late September about its inability to move forward with the ambitious project, which […]
Unily Launches Insight Center to Streamline AI Integration
In the realm of digital transformation, Unily is stepping up with its latest offering, the Insight Center, a platform meticulously designed to facilitate the integration of artificial intelligence (AI) within large enterprises. This innovative solution is a game-changer, providing businesses with a streamlined approach to managing digital assistants and language models, enhancing operational efficiency across […]
Bitcoin Inflows Surge as US Elections Approach
As the political landscape in the United States heats up ahead of the 2024 elections, Bitcoin and other cryptocurrencies are witnessing significant inflows, underscoring the close relationship between politics and market dynamics. Recent data shows that from October 5 to October 11, Bitcoin investment products attracted a staggering $419 million, contributing to an overall influx […]
UK Secures £6.3 Billion US Investment in Data Centres
On October 16, 2024, the UK government announced a significant investment of £6.3 billion ($8.2 billion) from US companies ServiceNow, CyrusOne, CloudHQ, and CoreWeave, aimed at bolstering the country’s data centre capabilities. This investment aligns with the UK’s broader strategic ambitions as outlined during the International Investment Summit hosted by Prime Minister Keir Starmer in […]
Brazil Opens Second Phase of Drex Digital Currency Pilot
The Central Bank of Brazil has initiated the second phase of its digital currency pilot program, known as Drex, opening up new opportunities for companies to engage with cutting-edge financial technology. Running from October 14 to November 29, this phase is strategically aimed at exploring complex use cases for a tokenized version of the Brazilian […]
Harris Pledges to Protect Crypto Ownership in Her Opportunity Economy Plan
US Vice President Kamala Harris is redefining her stance on cryptocurrencies through her “Opportunity Economy” agenda. This initiative aims to better connect with the cryptocurrency community while addressing socio-economic empowerment for Black entrepreneurs across the United States. During an upcoming event in Erie, Pennsylvania, Harris plans to discuss several critical issues, including support for small […]
Adobe's Firefly Video Model: Revolutionizing Content Creation through AI
In the fast-paced world of video production, an innovative new tool has emerged that promises to reshape how creators generate content. Adobe has recently launched the Firefly Video Model, an artificial intelligence (AI) tool that transforms text prompts into video footage. This latest tool positions Adobe in direct competition with industry players like OpenAI and […]
Trump-backed Crypto Project Gains 100,000 Signups Before Token Launch
In a significant development within the cryptocurrency sector, World Liberty Financial, a project backed by former President Donald Trump, has successfully attracted over 100,000 signups in anticipation of its WLFI token launch. This ERC-20 token, which operates on the Ethereum blockchain, is designed to serve as the governance token for a new decentralized finance (DeFi) […]
Sebastien Bubeck's Transition: Impact on AI Landscape as Microsoft’s GenAI Head Joins OpenAI
Sebastien Bubeck, the prominent vice president of Generative AI research at Microsoft, is making waves by departing to join OpenAI, the AI powerhouse known for its innovations like ChatGPT. This strategic move signifies a pivotal moment in the rapidly evolving landscape of artificial intelligence, particularly in the race towards artificial general intelligence (AGI). Bubeck’s journey […]
