Business

US lawmakers seek to protect homegrown AI technology from rival nations
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17 May, 2024

US lawmakers seek to protect homegrown AI technology from rival nations

The proposed bill would give the Commerce Department's Bureau of Industry and Security the authority to use export controls on...
2 arrested for $25 million exploit of Ethereum’s proof-of-stake validators
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16 May, 2024

2 arrested for $25 million exploit of Ethereum’s proof-of-stake validators

Anton and James Peraire-Bueno could face up to 20 years in prison if proven guilty of netting $25M worth of...
AI software market to reach $678B by 2028, North America leading charge: report
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16 May, 2024

AI software market to reach $678B by 2028, North America leading charge: report

A Business Research Company report cited that the market capitalization for AI software could climb as high as $678 billion...
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.
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