Month: September 2023

Meta is building an AI model to rival OpenAI’s most powerful system

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Meta, the parent company of social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) model that will rival the most advanced model from OpenAI, according to a Wall Street Journal exclusive. The Wall Street Journal reported that individuals familiar with the matter said Meta aims for the new AI model to be “several times” more powerful than its Llama 2 model, which it released earlier this year. For the moment, The Wall Street Journal’s sources said that Meta’s plans for the new system are for…

Meta is building AI model to rival OpenAI’s most powerful system

Meta, the parent company to social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) that will rival the most advanced model from OpenAI, according to a Wall Street Journal exclusive.  WSJ reported that individuals familiar with the matter said Meta aims for the new AI model to be “several times” more powerful than its Llama 2 model, which it released earlier this year. For the moment, the WSJ sources say Meta’s plans for the new system are for it to be open-source, and therefore allow…

Twitter approved for crypto and Bitcoin operations: predicting InQubeta’s journey

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In the tech world, we often see established platforms making bold moves to adapt to the changing times. A well-known social media company, X, previously Twitter, has taken a significant step forward by obtaining a Rhode Island Currency Transmitter License. This license allows X to become more involved in crypto, strengthening the connection between social media and popular digital currencies. This development has generated excitement, and many people are curious about how such a move might impact other platforms like InQubeta and the broader ecosystem. InQubeta: decoding the future with AI startups…

G20 nations reaffirm responsible use and development of AI technology

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As India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible manner in addition to planning for a future involving crypto assets and central bank digital currencies (CBDC). The G20 leader’s declaration document highlighted technology’s role in bridging digital divides globally. In doing so, it acknowledged G20’s interest in curating policies and regulations for cryptocurrencies and the potential of CBDCs in cross-border payments. Group of 20 member nations overview. Source: G20 The members of the G20 — which…

Solana (SOL) Price Plunges On FTX Rumors, Buy Or Sell Now?

Amid the bankruptcy proceedings of crypto exchange FTX, the market is in a state of heightened anxiety, and Solana (SOL) in particular saw a 7% drop in price yesterday following the spread of rumors. FTX is scheduled to appear in Delaware Bankruptcy Court on Wednesday, September 13, to seek approval for the liquidation of $3.4 billion in SOL, FTT, BTC, ETH and other crypto assets. The event has led to widespread concerns among market analysts and participants, who speculate that the liquidation could exert significant selling pressure on an already…

France launches a certificate for finfluencers, including crypto

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Amid the current pressure on so-called “finlfluencers,” promoting investment products in their blogs, France makes a step toward outright licensing them. The country introduces a non-obligatory Responsible Influence Certificate. As revealed on Sept. 7, two French regulatory agencies, the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have jointly set up a training module for influencers in the financial sector. The “Responsible Influence Certificate” has existed since 2021, when it was first time introduced by the ARPP. Over 1,000 French influencers have obtained…

Daniel Zhang Leaves Alibaba’s Cloud Unit amidst Restructuring

After 16 years of service to the firm, Zhang is ready to move on to the next career phase. Alibaba expressed gratitude for his work at the company.  In a surprising turn of events on Sunday, Daniel Zhang, the former chief executive and chairman of Chinese tech giant Alibaba Group, has stepped down as head of the company’s cloud division. This decision comes less than nine months after Zhang took over the unit. The move is part of the company’s larger restructuring plan, which saw Zhang relinquish his role as…

After Steering G20’s Global Crypto Framework, India Will Soon Decide Its Crypto Framework

Speaking to a scrum of journalists on the sidelines of the G20 leaders’ summit, Ajay Seth, Secretary of the Department of Economic Affairs, said “India’s position will be decided in the coming months.” He added that since “the framework for assessing risk has been put together by the G20” we will analyse “what globally the leaders have agreed to” and then decide on “what will be a sound policy for India.” Source

FTX Unveils Details of Past Sponsorship Deals in Recent Court Filing

According to the filing, the payments in question are characterized as “certain prepayments related to various advertising and sponsorship agreements, security deposits, retainers, and other miscellaneous deposits and prepayments.”  In a recent court filing, the current management of the defunct FTX Derivatives Exchange has shed light on the intricate web of marketing and sponsorship deals orchestrated by its former CEO Sam Bankman-Fried. Celebrities and Athletes Associated with FTX The court filing has drawn attention to the substantial sums paid to celebrities and athletes as part of FTX’s promotional campaigns. Among…

Is Coinbase Leaving India? The Crypto Exchange Stops New Signups

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Coinbase (Nasdaq: COIN) is limiting its services in India with supposed full or partial termination of its services. The exchange has already suspended new signups for Indian users, redirecting them to download Coinbase Wallet, a self-custody crypto wallet, Finance Magnates verified. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! A TechCrunch report today (Monday) revealed that Coinbase plans to cease all services for its Indian users. The exchange even sent emails to its customers…