US to Tighten AI Chip Controls Via Third Parties to China
The United States is contemplating additional measures to prevent Chinese developers from accessing U.S.-made artificial intelligence (AI) semiconductor chips through third parties. Reuters reported on October 13 that the Biden administration is targeting a loophole that has allowed Chinese developers to purchase processors from the infamous Huaqiangbei electronics district in the southern Chinese city of […]
China Enforces Stricter Rules For Training AI Generative Models
The proposed regulations emphasize that training materials for these models should not include censored data from the Chinese internet. China has issued a draft of security regulations for companies offering generative artificial intelligence (AI) services, which includes restrictions on the data sources used for AI model training. The National Information Security Standardization Committee, comprised of […]
Google to Defend Users in AI Copyright Allegations
Google has declared its intention to defend users of generative artificial intelligence (AI) systems on its Google Cloud and Workspace platforms against allegations of intellectual property infringement. In a recent blog post, Google clarified that consumers utilizing products with integrated generative AI capabilities will receive legal protection. This announcement addresses growing concerns regarding the potential […]
China Explores CBDC Features to Strengthen Monetary Policy
China investigates new CBDC features to improve monetary policy, cross-border transactions, and global fintech collaboration. China has recently hinted at a revolutionary development at a time when central banks around the world are racing to develop central bank digital currencies (CBDCs). Lu Lei, the Chinese foreign exchange regulator, believes “programmable features” in CBDCs could be […]
Loom Network Price Surges to 6-Year High
Loom Network rally continues to 2018 levels, unaffected by Bitcoin and Ethereum-led crypto market gloom. They are outperforming the rest. Built on the Ethereum blockchain to support large-scale decentralized applications, the token’s price has increased by 28% in the last 24 hours, bringing its total gains in the previous week to 43%, in two weeks […]