2023 brought the crypto sector face to face with regulatory and macro-economic challenges – that kept the price points of majority cryptocurrencies relatively low. Despite the volatility that the sector witnessed last year, several corporate firms did not lose hope on their crypto engagements. Social networking platform Reddit and Jack Dorsey’s fintech firm Block are … Read more
Microsoft Corp is in talks to invest $10 billion (roughly Rs. 82,200 crore) into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion (roughly Rs. 2,38,400 crore), Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture firms and deal documents were sent to … Read more
Apple, Anthropic, and other major artificial intelligence (AI) firms have reportedly trained AI models on data from hundreds of thousands of YouTube videos. A new report claims that multiple AI companies used a publicly available dataset called Pile which contained the plain text of videos’ subtitles without any video imagery. The data was collected from … Read more
Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 1,02,943 workers, a more than two-fold jump from December and an over five-times surge from a year … Read more
Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai, was put in place in … Read more
At a time when cryptocurrencies are snapping out of a two-year slumber period to sprint on a bull run, the largest crypto exchange in the world is facing multiple legal crisis in different parts of the world. The government of Philippines, in a fresh development, has announced a ban on Binance citing its lack of … Read more
Microsoft Corp’s remedies to address European Union antitrust concerns over its $69 billion acquisition of Activision focus only on cloud gaming services, with no mention of rival Sony, people familiar with the matter said on Monday. The U.S. software giant has been trying to allay the Commission’s concerns that the deal may reduce competition for … Read more
At least 32 international electronics companies have applied to India’s incentive programme to make laptops, tablets and servers in the country, a top minister said on Wednesday, weeks after the government announced restrictions on laptop imports. Prime Minister Narendra Modi’s government is pushing to boost domestic manufacturing capacity under its “Make in India” initiative, with … Read more
Hong Kong’s Securities and Futures Commission (SFC) will soon inspect crypto firms in the region ahead of a deadline to obtain licences to operate in the region. The regulator has been shifting its focus to strengthen compliance criteria for crypto firms in order to safeguard the sector against exploitation and financial crimes. The aim is … Read more
The crypto sector, which is currently valued at around $2.46 trillion, is beginning to garner interest from profitable institutional investors. In its latest report titled ‘The State of Crypto’, Coinbase states that 56 percent of the Fortune 500 companies are in some way or the other, testing the blockchain technology. Making for the underlaying technology … Read more