Business

AI spending takes up 10% of IT budgets of big tech firms: research
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15 May, 2024

AI spending takes up 10% of IT budgets of big tech firms: research

Big tech firms are on course to allocate up to 10% of their annual budget to AI, but AI spending...
Code is not law: Tornado Cash co-founder gets 64 months for money laundering
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15 May, 2024

Code is not law: Tornado Cash co-founder gets 64 months for money laundering

Alexey Pertsev was accused of allowing criminals to launder US$1.2 billion worth of the Ethereum network’s ETH token through the...
India’s Ministry of External Affairs offers support to AI initiatives, other technologies
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15 May, 2024

India’s Ministry of External Affairs offers support to AI initiatives, other technologies

India's Ministry of External Affairs plans to support the country's artificial intelligence drive, geospatial technologies, and space sector initiatives.
University of Dubai’s global AI index to measure growth in learning institutions
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14 May, 2024

University of Dubai’s global AI index to measure growth in learning institutions

The Arab Index for Artificial Intelligence is the brainchild of the AIJRF that seeks to deepen the region's talent pool...
SmartLedger Solutions announces strategic partnership to drive blockchain innovation
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14 May, 2024

SmartLedger Solutions announces strategic partnership to drive blockchain innovation

SmartLedger has partnered with J Alexander Martin Consulting, Santi Media Group, and Parker Parkinson Enterprises to enhance blockchain applications, driving...
CFTC proposes heightened penalties for AI misuse in financial markets
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13 May, 2024

CFTC proposes heightened penalties for AI misuse in financial markets

Commissioner Kristin Johnson also proposed the creation of a task force on AI fraud as the Commodity Futures Trading Commission...
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