OpenAI may not turn a profit until 2029 despite rapid growth
Despite increasing revenue, OpenAI is expected to continue operating at a loss until 2029, as the cost of scaling advanced AI models remains steep.
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US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned a crypto operator allegedly connected to the terrorist group Hamas.In an Oct.
UnionBank Head Foresees the End of Physical Cash
Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind.As Euromoney reported on April 3, Bautista noted that the pandemic provoked a heightened demand in online banking services, pushing banks to revise their digitization strategy. “Certainly,…
Meta to fight AI-generated fake news with ‘invisible watermarks’
Social media giant Meta, formerly known as Facebook, will include an invisible watermark in all images it creates using artificial intelligence (AI) as it steps up measures to prevent misuse of the technology.In a Dec. 6 report detailing updates for Meta AI — Meta’s virtual assistant — the company revealed it will soon add invisible
Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption
Japan’s regulatory and political environment for crypto and Web3 technologies has been evolving rapidly over the past several years. The Financial Services Agency of Japan reported in December 2022 it planned to lift restrictions on foreign-issued stablecoins in Japanese exchanges, which could have significant implications for the decentralized finance (DeFi) ecosystem in Japan and the…
Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study
According to the study, a blockchain’s “fullness” is directly related to its security. 176 Total views 3 Total shares Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against
Crypto pyramid scheme leader extradited to China after global pursuit
As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.