G42’s recent partnership with OpenAI shows the company’s dedication to fostering AI adoption in the UAE. OpenAI, the brains behind the creation of the popular artificial intelligence (AI) tool, ChatGPT has entered into a strategic partnership with Abu Dhabi’s technology conglomerate G42. In an announcement on Wednesday, the company said that the new collaboration will help advance the adoption of AI technologies in Dubai and across the Middle East market. G42 to Leverage OpenAI’s AI Generative Models Under the partnership, G42 plans to leverage OpenAI’s state-of-the-art generative AI models across…
Day: October 19, 2023
Will $0.055 Launch a Recovery Phase?
Dogecoin (DOGE) has found itself in a precarious position, with its price being squeezed into a narrow range, hinting at a potential decisive breakout in the near future. Market analysts closely monitor the crypto’s struggle to breach a longstanding resistance trendline, as an upside breakout could trigger a fresh rally, while a continuation of the current stalemate may lead to a further decline. Earlier this week, DOGE encountered its fifth rejection from a persistent resistance trendline that has thwarted its upward momentum. The rejection left its mark on the daily…
Executive Director of Binance France Resigns amid Ongoing Regulatory Scrutiny
With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and occurs against a backdrop of heightened regulatory pressure on the company. Cabossioras was appointed to lead Binance France in April 2022, playing a key part in the exchange’s expansion into the French market. However, her…
Judge Kaplan’s Ire Hits All Lawyers in the Sam Bankman-Fried Case
As bad as she was, the Googler was worse. Gaddis, who responds to legal requests the search engine giant receives, spent his ever-so-brief testimony saying there existed metadata that (I guess) demonstrated some Google doc whose contents weren’t actually discussed had been received, or worked on, or something, by Bankman-Fried. (Editor’s note: No, I’m not going to try to improve that sentence because it’s perfect.) Then cross-examination demonstrated Gaddis didn’t know a damn thing about metadata, a revelation that threw the bench into disarray. Source
Nokia Announces 14,000 Job Cuts in Response to Q3 2023 Earnings Plunge
Nokia’s cost reduction plan is a strategic move aimed at addressing the challenging market environment it currently faces. Finnish telecommunications giant Nokia Oyj (HEL: NOKIA) has revealed plans to cut up to 14,000 jobs as part of a comprehensive cost reduction strategy, prompted by a substantial drop in Q3 2023 earnings. Nokia Job Cut Reduction Strategy According to reports, Nokia’s decision to cut jobs and streamline its operations is in direct response to its third-quarter earnings report, which made clear the extent of the company’s challenges. The company reported a…
Oil Prices Drop as US Eases Sanctions on Venezuela amid Middle East Tensions
The ongoing Israel-Gaza conflict has also played a significant role in the oil market’s turbulence. Oil prices have exhibited a significant level of volatility in the past few days. Following a 2% increase the previous day, oil prices plummeted, owing mostly to the United States’ decision to lift sanctions on OPEC member Venezuela, according to reports. Movement of Global Oil Prices Earlier today, Brent, the benchmark for two-thirds of the world’s oil, was trading 0.57% lower at $90.98 per barrel, and West Texas Intermediate (WTI), the gauge tracking U.S. crude,…
Anthropic Unveils Collective Constitutional AI Project
According to Anthropic, this is the first time the public has been involved in determining the behavior of a language model via an online deliberation process. Anthropic, a leading artificial intelligence (AI) firm, is pioneering a novel approach to AI development. The approach, known as the ‘Collective Constitutional AI’ project aims to democratize the behavior of AI systems. It does this by soliciting user values and then incorporating them into training a large language model (LLM). Traditional LLM Training Under Fire Previously, generative AI tools have come under fire from…
Coinbase selects Ireland as its European crypto hub
The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub. Coinbase has selected Ireland as its EU entity location of compliance with Europe’s major cryptocurrency regulatory framework known as Markets in Crypto-Assets Regulation (MiCA), the firm announced to Cointelegraph on Oct. 19. With MiCA, which is expected to be enforced in late 2024, Coinbase can serve one of the largest economies in the world 450 million people, across 27 countries, under one regulatory framework and with…
OpenAI Updates ChatGPT to Respond to Queries in Real Time
OpenAI’s success with ChatGPT has since kicked off an unspoken AI competition among tech giants who are also looking to set their chatbots apart from the rest. OpenAI has now launched real-time capabilities for its brainchild innovation chatbot ChatGPT. Since the viral innovation came to be, there have been concerns raised over its limited data sets which appeared stuck in times past – precisely September 2021. This meant that when users asked targeted questions about more current events, the chatbot responded by saying: “I don’t have the ability to browse…
SuperDao Closes Down, Returns Money to Investors
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