Tag: AI

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Crypto scams are going to ramp up with the rise of AI

Remember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of years. With talk about integrating artificial intelligence and the cryptocurrency industry mostly focusing on how AI can help the crypto industry combat scams, experts are failing to pay attention to the…
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Amazon to invest $100M in generative AI center: Report

AWS is building a $100 million AI center to keep up with increasing competition in cloud infrastructure services. Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence. According to Bloomberg, the upcoming AWS Generative AI Innovation Center…
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How AI is changing the way humans interact with machines

Exploring how artificial intelligence and natural language processing are redefining everyday interactions with different technologies. The past 12 months have seen the global digital paradigm evolve tremendously, especially regarding how humans interact with machines. In fact, the space has undergone such a radical transformation that people of all ages are now fast becoming conversant with…
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Limited generative AI usage to be allowed in Japanese schools

The Japanese Ministry of Education plans to allow limited use of generative AI, like ChatGPT, in elementary, junior high and high schools across the country. The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms.  According…
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Web3 Investments: The Perfect Hedge Against Disruption, Says Corporate VC

Web3 investments are being touted as the perfect hedge against disruption in the tech industry, according to Martin El-Khouri, a senior director at venture capital firm Bertelsmann Investments. Despite the regulatory challenges and market downturn, investors are continuing to back new ventures in the Web3 space, with decentralized finance (DeFi) startups seeing a surge in…
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Startup Arbol Debuts AI and Blockchain-Driven Climate Insurance Platform – How Does it Work?

Arbol, a US-based startup, has unveiled a blockchain and AI-powered parametric insurance platform, created in partnership with The Institutes RiskStream Collaborative. “dRe is live and in production,” said a press release on Tuesday.  It’s described as the first on-chain data calculation tool for reinsurance and “a significant milestone” for parametric reinsurance…. Read More: Startup Arbol…
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Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian Securities Administrators Warns About Fraudulent Crypto Companies

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Citadel & Fidelity-Backed EDX Launches Trading, Core Scientific Files Chapter 11 Bankruptcy Plan, Canadian Securities Administrators Warns About Fraudulent Crypto Companies  Read more »Sign up for e-EUR –…
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US lawmakers introduce National AI Commission Act

A group of United States lawmakers introduced a bill to establish a commission on the approach toward artificial intelligence. On June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI).  The bill’s primary objective revolves around establishing regulations in the AI…
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Biden to discuss dangers of AI in San Francisco meeting with experts

The U.S. president will meet with AI experts to discuss safety, policy and opportunities while he’s in San Francisco. United States President Joe Biden will discuss artificial intelligence (AI) with a group of Silicon Valley experts on June 20 between campaign fundraising stops in California.  The president will meet with at least eight experts, including…
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EU consumer protection groups urge governments to investigate AI

A coalition of watchdog groups in the EU urged governments to assess the risks and vulnerabilities consumers are subjected to due to generative AI. Consumer protection groups from the European Union (EU) have urged regulators to conduct investigations on artificial intelligence (AI) models behind popular chatbots.  According to a report from the AP on Tuesday,…
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