Tag: Report

Irish data watchdog blocks Google from launching Bard in the EU: Report

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The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns.  Google launched Bard in the United States, United Kingdom and 178 other countries earlier this year. However, it’s so far been unable to crack the EU. The Mountain View, California company reportedly intended to remedy that during the week of June 13, but as Politico reports, those plans have come to a halt. Per the report, DPC deputy commissioner Graham Doyle stated that Google…

UN report highlights ‘serious and urgent’ concerns about AI deepfakes

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The United Nations has called artificial intelligence-generated media a “serious and urgent” threat to information integrity, particularly on social media. In a June 12 report, the UN claimed the risk of disinformation online has “intensified” due to “rapid advancements in technology, such as generative artificial intelligence” and singled out deepfakes in particular. The UN said false information and hate speech generated by AI is “convincingly presented to users as fact.” Last month, the S&P 500 briefly dipped due to an AI-generated image and faked news report of an explosion near…

Binance.US hires former SEC enforcement official amid lawsuit: Report

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United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange. According to a June 12 report from Bloomberg, Binance.US has hired former SEC enforcement co-director George Canellos with the international law firm Milbank LLP along with three other lawyers. Canellos left the SEC in 2014 after serving for more than 4 years in different leadership positions. “Binance is clearly preparing for a criminal…

Nigeria regulator halts Binance operations: Report

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It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria’s securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission.  “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” Nigeria’s Securities and Exchange Commission (SEC) said in a statement seen by Bloomberg. The regulator also noted that Binance is neither registered nor regulated in the country, making its operations illegal. “Any member of the investing public dealing with the…

Two Senators Allege Binance Crypto Exchange Lied to US Congress, Ask Justice Department To Investigate: Report

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Two US Senators are reportedly asking the Department of Justice (DOJ) to investigate crypto exchange Binance for allegedly lying to Congress. According to a new report by Reuters, Democratic Senators Elizabeth Warren of Massachusetts and Chris Van Hollen of Maryland recently penned a letter to the DOJ claiming that Binance, the largest crypto exchange platform by volume, gave misleading information to Congress. The Senators allege that Binance lied to a panel of bi-partisan lawmakers earlier this year who were gathering information from industry leaders as they weighed possible new regulations.…

Binance may have lied to US lawmakers, argue senators: Report

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Binance may have misled lawmakers in the United States about its business dealings and relationship with its local unit in a letter sent in March, Bloomberg reported on June 8.  In a letter sent to United States Attorney General Merrick, senators Elizabeth Warren and Chris Van Hollen asked the Justice Department to investigate whether Binance made a false statement to Congress earlier this year. In a lawsuit filed on June 5, the Securities and Exchange Commission (SEC) alleged that Binance’s global entity and American unit were commingled.  Today we charged Binance Holdings…

Apple confirms acquisition of AR startup Mira following Vision Pro launch: Report

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Just a day after launching a new virtual reality (VR) product line, Apple Vision Pro, the tech giant confirmed the acquisition of Mira, an augmented reality startup that provides hands-free, smartphone-powered headsets. On June 7, The Verge reported Apple’s latest acquisition was revealed through a private Instagram post shared by Mira CEO Ben Taft, which Apple later confirmed as accurate to the outlet. Expected to hit the market in early 2024, Apple Vision Pro stands as the most expensive mixed-reality gear — currently priced at $3,499. While Vision Pro comes packed…

Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup Anthropic: Report

CryptoX – Cryptocurrency Analysis and News Portal At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival chatbot Claude, which was valued at $4.6 billion, having raised $750 million in recent months, according to the report. Source The post Bankers Shopping FTX’s ‘Hundreds of Millions of Dollars’ Stake in AI Startup Anthropic: Report appeared first on CryptoX. CryptoX Portal

Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report

At least, that is a recurrent theme throughout CoinDesk’s first-ever Consensus @ Consensus report, out today. Based primarily on intimate group discussions that took place at Consensus 2023, it covers a wide range of pressing issues challenging the digital assets industry. These include the newly urgent subject of regulation, the competing demands of privacy and law enforcement, the difficulty of bringing self-custody to the mainstream, the future of crypto media, and more. The discussion groups, which convened largely offstage in Austin, Texas, from April 26-28, 2023, represented a cross-section of…