FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments. With the intention of selling its 7.84% ownership in Anthropic, an artificial intelligence business that was valued at about $18 billion as of December 2023, the defunct cryptocurrency exchange … Read more
Former President Donald Trump criticized AI and deepfake technology, stating they pose significant risks and require urgent action to mitigate potential conflict and misinformation, emphasizing the complexities of regulating AI and ensuring ethical use. Former President Donald Trump has voiced significant concerns over the potential dangers posed by artificial intelligence (AI), including the issue of … Read more
FCC Chairwoman Jessica Rosenworcel proposes making AI-generated robocalls illegal under the TCPA, aiming to combat fraud and misinformation. The initiative follows incidents like misleading robocalls in New Hampshire, with broader measures to protect consumers and enhance enforcement tools for law enforcement. In a decisive move to safeguard consumer interests and curb the rising tide of … Read more
Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector. The company also announced a 15% compensation increase and Polygon ID project spin-off. Polygon Labs, the development team behind the innovative layer-2 blockchain network Polygon, recently announced a significant reduction in … Read more
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community. FTX, once a leading name in the cryptocurrency exchange world, faced a tumultuous downfall … Read more
German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement. German authorities have seized a record-breaking amount of Bitcoin, valued at approximately €2 billion ($2.17 billion). This event, involving the Saxony State Criminal Police Office and other German law enforcement agencies, … Read more
The news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends. News organizations are currently navigating a challenging landscape marked by financial setbacks and evolving technological dynamics. The decline in online advertising revenue and subscriber growth, coupled with legal disputes over … Read more
Representative Joe Morelle introduces the Preventing Deepfakes of Intimate Images Act, a bipartisan legislation criminalizing the creation and distribution of non-consensual deepfake pornography, primarily affecting women and girls. U.S. Representative Joe Morelle has taken a step to combat the spread of deepfake pornography by introducing the Preventing Deepfakes of Intimate Images Act, HR 3106. This … Read more
The US FTC is conducting a thorough investigation into the partnerships and investments between tech giants like Alphabet, Amazon, Microsoft, and AI startups like OpenAI and Anthropic, focusing on their impact on market competition and innovation. The U.S. Federal Trade Commission (FTC) has initiated a significant investigation into the relationships between major tech giants and … Read more
Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the … Read more