News

Japan adopts friendly stance toward AI to attract global investments
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24 June, 2024

Japan adopts friendly stance toward AI to attract global investments

Japan seeks to lure leading AI companies to the country by adopting a “regulatory-light approach,” a step different from the...
South Korea commits $14.5 million to experiment with CBDC, digital vouchers
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23 June, 2024

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

South Korea is doubling down on its blockchain investment, with the latest being a $14.5 million investment to explore CBDC...
UAE opts for US over China on AI collaboration
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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...
BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes
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22 June, 2024

BIS: 9 new wholesale CBDCs to be launched by 2029 as retail CBDC interest wanes

The Bank for International Settlements has slashed its expectation of retail CBDC launches by 2029 to 6 from 11, but...
SM Entertainment founder pushes for AI, blockchain adoption in K-pop
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22 June, 2024

SM Entertainment founder pushes for AI, blockchain adoption in K-pop

Lee Soo-man, founder of South Korean multinational entertainment agency SM Entertainment, urged industry participants to increase the adoption metrics for...
African ministers adopts landmark AI strategy to drive digitalization
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22 June, 2024

African ministers adopts landmark AI strategy to drive digitalization

Africa's Continental AI Strategy explores the potential use cases for AI in areas like education, skills acquisition, agriculture, manufacturing, and...