Business

Hong Kong commits $383 million to Cyberbort AI subsidy scheme
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5 March, 2024

Hong Kong commits $383 million to Cyberbort AI subsidy scheme

The funds will be used to support early-stage startups and local universities exploring novel artificial intelligence applications, providing computational support...
New York Times ‘hacked’ ChatGPT, OpenAI claims as it seeks copyright lawsuit dismissal
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4 March, 2024

New York Times ‘hacked’ ChatGPT, OpenAI claims as it seeks copyright lawsuit dismissal

OpenAI claims that it took the NYT tens of thousands of attempts to generate the anomalous results it sued for...
93% of firms in Saudi have advanced strategies for AI integration: Cisco
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4 March, 2024

93% of firms in Saudi have advanced strategies for AI integration: Cisco

The recent Cisco survey reveals that while 93% of companies in Saudi Arabia have advanced strategies for AI integration, only...
Rabobank taps blockchain to improve commercial paper transactions
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3 March, 2024

Rabobank taps blockchain to improve commercial paper transactions

Rabobank's successful pilot initiative generated over €2 billion in commercial paper transactions, showcasing blockchain's broad use cases that go beyond...
Russia BRICS Bridge eyed for cross-border payments with China, Gulf countries
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3 March, 2024

Russia BRICS Bridge eyed for cross-border payments with China, Gulf countries

The proposed BRICS Bridge system draws inspiration from the BIS-backed mBridge platform, with China and the United Arab Emirates already...
Daiwa Securities introduces digital bonds leveraging Rakuten’s e-money for interest payments
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2 March, 2024

Daiwa Securities introduces digital bonds leveraging Rakuten’s e-money for interest payments

The new digital bond by capital market firm Daiwa Securities will be issued via MUFG's tokenization platform, Progmat, and is...