Authors Guild files class action suit against OpenAI, claiming copyright infringement in training AI models, and seeking redress for the 'unpermitted use of the authors' copyrighted works.'
India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its potential in cross-border transactions.
Databricks secures $500 million in Series I funding, reaching a $43 billion valuation, as it accelerates its generative AI initiatives in partnership with NVIDIA and expands its presence in the AI ecosystem.
South Korean regulators target OTC digital currency transactions due to rising criminal activity, discussing regulation in a session on 'Criminal Legal Issues Related to Virtual Assets.'
Google shifts focus to user-centric content, valuing both human and AI-generated creations, aiming to enhance search experience with a new update to its search engine optimization rules.
Competition and Markets Authority, the U.K.'s anti-trust regulator, calls for AI guardrails to prevent monopolies as it leads efforts to regulate the AI industry before a global AI summit.
HSBC and HKUST Business School collaborate on a hypothetical e-HKD pilot to aid Hong Kong Monetary Authority in CBDC development, exploring programmable features and potential retail use cases.
Bangko Sentral ng Pilipinas has granted UnionBank of the Philippines with a VASP license, allowing it to provide wide range of digital asset services to customers.
Google's upcoming AI model, Gemini, is poised to challenge ChatGPT's dominance with its offer of multimodal capabilities, allowing for potential integration into consumer services and cloud offerings.
R3 slashed the jobs to “maintain a strong operating and financial position” at a time when blockchain funding has dried up as its landmark projects stall.
A report quoted CEO Ben Zhou saying that due to the new FCA rules, Bybit would exit the U.K., but the exchange now says it’s committed to staying.
The European Union plans to lead in AI regulation with its AI Act, but industry stakeholders express concerns over stifled innovation and potential migration to less-restrictive jurisdictions.
