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Business

Baidu announces 70 new AI models in China amid new regulations
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14 September, 2023

Baidu announces 70 new AI models in China amid new regulations

Baidu is launching 70 AI models in response to new Chinese regulations, focusing on generative AI and large language models.
Google commits $20M to responsible AI initiatives
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13 September, 2023

Google commits $20M to responsible AI initiatives

Google's Digital Futures Project allocates $20 million to support responsible AI research and policy solutions, partnering with universities and think...
Luno ceases service for some UK customers amid tough new rules: report
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13 September, 2023

Luno ceases service for some UK customers amid tough new rules: report

Luno told one news outlet that the Financial Conduct Authority’s new rules, taking effect in October, necessitate a business review...
US comprehensive AI regulation in the horizon following new bipartisan framework
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13 September, 2023

US comprehensive AI regulation in the horizon following new bipartisan framework

U.S. lawmakers are proposing a comprehensive AI regulation blueprint for licensing, oversight for generative models, facial recognition, and developer liability;...
Thodex exchange founder sentenced to 11,000 years in prison
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13 September, 2023

Thodex exchange founder sentenced to 11,000 years in prison

Thodex went bust with over $2.6 billion, according to blockchain sleuths, and Turkish prosecutors requested the court imprison the founder...
Ripple bails out Fortress Trust after hackers steal customer assets
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13 September, 2023

Ripple bails out Fortress Trust after hackers steal customer assets

Ripple's Brad Garlinghouse recently declared that Fortress Trust's Purcell had "built an impressive business with recurring revenue and a strong...
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