UN Launches Global Effort to Address AI Governance Challenges
Participants include execs from the tech industry, government reps from Spain to Saudi Arabia, and academics from the US, Russia, and Japan. On October 26, United Nations Secretary-General António Guterres announced the formation of a 39-member advisory committee to address issues related to the global regulation of artificial intelligence (AI). According to the announcement, the […]
Taiwan Introduces Virtual Asset Management Bill to Parliament
Legislators from Taiwan introduced the Virtual Asset Management Bill to the unicameral Legislative Yuan on October 25. The bill aims to provide “better protection” for consumers and “properly supervise” the industry. The 30-page bill imposes moderate requirements on the industry. It recommends that virtual asset service providers (VASPs) separate customer funds from the company’s reserve […]
Changpeng Zhao’s Net Worth Drops by 80% This Year
Changpeng Zhao’s net worth has plummeted significantly as Binance’s trading volumes have dried up this year due to regulatory action. Changpeng Zhao, the founder of Binance and a crypto magnate, saw his net worth plummet by 80% since the beginning of 2023 as the cryptocurrency market experienced a strong rebound. Binance has been experiencing turbulence […]
OpenAI Preparedness Team to Win $25,000 API Credits
The OpenAI preparedness team will be devoted to discovering uncommon AI issues and navigating solutions for advancement in the AIGen world. OpenAI, a prominent artificial intelligence research laboratory, has announced the “AI Preparedness Challenge,” a unique competition for individuals to identify and develop solutions to prevent the misuse of artificial intelligence. This challenge was announced […]